🛢️MacroEnergy
I continue to closely monitor the energy markets, as well as developments in the Middle East and Ukraine. At this stage, it appears that markets have largely priced in the geopolitical risk, leading to lower volatility in oil prices. That said, the risk of sharp price movements remains if the conflicts escalate further.
At the same time, many oil companies continue to trade at elevated valuations after a strong upcycle in the sector. Refining companies have also benefited from exceptionally high margins, making this segment less attractive for new long term investments, in my view.
A natural alternative would be to look for short opportunities, but in the current geopolitical environment that strategy carries significantly higher risk and requires very careful risk management.
Rather than leaving capital idle, I am increasingly focusing on value opportunities outside the energy sector. I currently see some attractive valuations in European markets, particularly in Germany, where several quality companies appear to be trading below their intrinsic value.
Meanwhile, the ongoing correction in the Nasdaq is gradually creating new opportunities to accumulate high quality technology businesses at more reasonable prices. For now, I prefer to remain patient and selectively build positions where I believe the risk-reward profile is the most compelling.
$OIL$NSDQ100... Show More
Not investment advice. The author may have financial interests in the mentioned instruments.
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Fri Aug 07 2026 12:30:50 GMT+0000 (Coordinated Universal Time)
