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🛢️ $45 per BBL Breakeven for Deepwater Drilling

Alberta Wants In on the Data Center Action

Good morning, here's what the Oilman has for you today:

Deepwater Exploration Gains Traction

Big Oil is stepping up its deepwater exploration work.

Deepwater oil is making the industry money.

If we’re talking booms, deepwater is the new shale.

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Wall Street loads up on surprising $2.1tn asset class

Bank of America. UBS. JP Morgan. They’re all building (or have already built) massive investments in one $2.1tn asset class—and it’s not what you think. It’s not private equity or real estate, but fine art. Why?

In partnership with Masterworks, data from Citi shows it’s a potent diversifier with low correlation, and certain segments have even outpaced traditional investments. Take blue-chip contemporary art, which has outpaced the S&P 500 by 64% (1995-2023).

Masterworks knows the power of art investing, with their platform giving 900k+ users the opportunity to invest in this asset class as part of their overall portfolio strategy. In fact, from their 23 exits so far, Masterworks investors have realized representative annualized net returns like +17.6%, +17.8%, and +21.5%* (among assets held for longer than one year).

With so many users, Masterworks offerings can sell out quickly.

Past performance not indicative of future returns. Investing Involves Risk. See Important Disclosures at masterworks.com/cd.

Fixed-Rate Returns for Accredited Investors

How does it work?

You purchase a bond from ROX Energy Capital

You are now a bondholder with the right to receive a 10% fixed annual return — payable monthly.

ROX Energy Capital Buys Working Interests

Bond proceeds are used to purchase non-operated working interests in oil and gas properties. ROX Energy Capital receives the recurring cash flow from these “non-op" working interests for the life of the asset.

You get paid

Bondholders receive their monthly interest payment from ROX Energy Capital for the term length of the bond.

Learn more at ROX Energy Capital

Alberta Wants In on the Data Center Action

Alberta is planning to turn itself into a top data center destination.

The government is working on new:

  • Legislation

  • Regulation

  • Services

All to lure in data center operators.

If they ask me, it’s enough to tell them “Cheap gas” and they’ll flock there.

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