Energy Transfer Equity

Okay.

Affordable New Mexico PAC, their top donor, their top donor is a company called Energy Transfer LP.

Okay.

See, what do they do? Oh, what do they do? Well, they supply natural gas.

Go look up the PAC that's registered with the Secretary of State's office called Affordable New Mexico and look at their donors.

Their major donor, their top donor, $250,000, quarter of a million dollars.

It came from Energy Transfer LP, which is the company that is oversighting and profiting from the build-out of the pipeline, the gas, the natural gas pipeline.

LP is liquid petroleum.

to just think while I remind the listeners of the recent transactions that we've had in our portfolio and how it's doing.

That's from GLD at the top to ET at the bottom, energy transfer at the bottom.

Exactly, yes, exactly.

And after 21 weeks, we've managed to turn our $1 million into $974,000.

And we have Doomberg, who bought Energy Transfer, which is down 0.5%.

We have Michael Oliver, who bought the Silver Miners ETF, which is down 16%.

We have David Morgan, who bought Freeport McMoran, which is down 2.8%.

Well, and you've got to amortize your infrastructure, so you need a longer runway.

And it's one reason Energy Transfer, when they just dropped a train at the end of the pipe, signed a 20-year deal with Chevron.

They didn't even wait for Trump to get in office.

They just

And so we're looking at our first deal here, Jay.

Energy Transfer makes a $2.6 billion midstream deal.

So this is pretty incredible.

It is.

And, uh, those guys are very active, uh, Energy Transfer.

You know, uh, Kelcy Warren and, and Ray Davis over there, they're very, very active, and they are, they are looking to pick up assets at any time.

Uh, it's a great cash flow model for them.

Yeah, absolutely.

We had Michael Oliver, who bought the Silver Miner ETF, which is down 13%.

We have Doomberg, the green chicken, who bought Energy Transfer, which is down 0.5%.

David Morgan also bought the Silver Miners ETF, which, as we said, is down 13%.

He also bought Freeport, as we mentioned earlier in the conversation, a copper play.

Most recently, we looked at the record-busting plan by a Whitewater Midstream-led consortium to build the 4.5 BCF per day solitude pipeline, which will consist of twin 48-inch diameter pipes from the Waha hub to the Katy area.

But getting Permian gas to inland hubs like Katy and Agua Dulce, or to the Dallas-slash-Fort Worth area, like Energy Transfer's Hugh Brinson pipeline, addresses only part of the challenge.

The other part is, how do you get gas from there to where it's demanded most, namely to LNG export terminals along the Gulf Coast between Port Arthur, Texas, and Cameron Parish in the southwestern corner of Louisiana? Within that 40-mile stretch, about 59 million tons per annum, or roughly 6.7 BCF per day, of LNG export capacity is in operation, and another 86 million tons per annum, or roughly 9.4 BCF per day, has reached a final investment decision, or FID, and is either under construction or will be soon.

Sure, a sizable portion of that gas demand from existing and planned LNG export terminals will be met by the Haynesville shale in northwestern Louisiana and northeastern Texas, but while Haynesville gas is produced at a relatively high cost, gas from the Permian is produced as a no-cost byproduct of crude oil-focused drilling and needs to find a home.

We sold it to Pacific Gas & Electric for four hundred and seventy million.

But I'll tell you, uh, you, you all know Kelsey Warren of Energy Transfer.

Mm-hmm.

Sure.

If we'd have kept that business, we would be the Energy Transfer because listen to this.

When we owned it, we were making a-about eight cents f-f- a fee for moving, mo- from moving gas, a thousand cubic feet of gas from Waha to Houston.

So why did we, why did we sell it? Well, we, our thought, our fear was at Waha they were gonna run out of gas.

Um, we had, Michael Oliver, who bought the Silver Miners ETF, which we're down 8.4% on.

We have Doomberg, the pseudonymous green chicken, who we mentioned earlier in this conversation, who bought Energy Transfer, which is a pipeline play, and we're up 1.1% on that holding.

We have David Morgan, who bought also more of the Silver Miners ETF.

He also bought Freeport McMoran, which we're up 8% on.

We had Joe Cavatoni of the World Gold Council, who shockingly bought GLD, which we're down 12% on.

We had Michael Pento, who also bought more GLD.

And he also bought Energy Transfer, which was the holding which the green chicken initially added to our portfolio.

We had Kevin Stewart, who bought the United States Oil Fund, which we're down 6% on.