Harris “Kuppy” Kupperman, chief investment officer of Praetorian Capital, returns to Forward Guidance to explain why he doesn’t think the ongoing turmoil in the regional banking system will have much effect outside on the economy or markets. He explains why he thinks the banking businesses do not make great investments. When Jack Farley asks what he does like, Kuppy’s answer is simple: oil. He explains why he remains exceptionally bullish on “black gold” and also shares a stock which he has invested in: Journey Energy. Lastly, Kuppy shares his “do’s and don’ts” of investing. Filmed the afternoon of March 16, 2023.
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Kuppy’s Event Driven Monitor (KEDM): https://kedm.com/
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Timestamps:
(00:00) Intro
(01:58) The Run on Silicon Valley Bank
(03:49) Will Measures By Fed Treasury & FDIC Be Enough To Prevent Future Panics?
(05:55) Kuppy on Bank Stocks
(10:26) Are Rising Rates Good Or Bad For Banks?
(15:05) Blockworks Research
(16:04) Kuppy Is Very Bullish On Oil
(25:34) Natural Gas
(29:10) Journey Energy
(31:41) How To Value Oil Companies
(36:14) Hedging At Oil Companies
(37:33) Permissionless
(38:36) Kuppy's Shorter-Term Market Views
(44:19) Kuppy's "Dont's" of Investing
(49:55) KEDM
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.