Coterra Energy: The Lone Energy Stock in Agent J's Portfolio
So here's the deal folks. We're buying 350 shares of Coterra Energy (CTRA) at roughly $24.77 each. Now I know what you're thinking why on Earth would Agent J the coolest MIB agent around be interested in energy stocks? Well let me tell you it's all about the opportunity baby! Energy stocks have been taking a beating lately with U.S. oil prices falling faster than a rogue alien trying to escape our grasp. But hey when the market gives you lemons you make some intergalactic lemonade am I right?
The Pain in Oil: A Blast from the Past
Now let's take a trip down memory lane shall we? The pain in oil hasn't been this severe in years. I mean we're talking about the kind of pain that makes you want to erase your memory with a neuralyzer. With oil prices on track for their seventh straight weekly loss it's safe to say that the oil bulls are feeling more like oil chickens. But fear not my fellow Earthlings because there's a glimmer of hope on the horizon.
Oversupply and OPEC: A Match Made in Heaven
You see oversupply has been the main culprit behind this oil collapse. And history has shown us that when oil breaks down below $70 OPEC and its international allies start flexing their muscles. They become more aggressive with their output cuts like a bunch of aliens trying to prove their dominance in the universe. So while Wall Street is busy running away from the energy trade like it's a swarm of giant bugs we're seizing this opportunity to pick up shares in Coterra Energy a company that knows how to run things smoothly.
Coterra Energy: The Best Operator in the Galaxy
Now let me tell you why Coterra Energy is the real deal. This company has been showing off its capital efficiency skills like nobody's business. They know how to increase production while keeping costs in check which is like finding a rare alien artifact. In the third quarter their total production came in higher than expected at a lower cost. And get this they're even expecting a 5% cost deflation next year. That's like finding a whole stash of alien technology that can make your life easier. Plus Coterra is a half oil and half nat gas producer so they can adapt to whatever the market demands. Talk about versatility!
Join the CNBC Investing Club and Get the Inside Scoop
Now if you want to be in on the action like Agent J I've got a little secret for you. Join the CNBC Investing Club with Jim Cramer and you'll get trade alerts before Jim makes a move. Just remember Jim likes to take his time so he waits 45 minutes after sending a trade alert before buying or selling a stock. And if he's talked about a stock on CNBC TV he waits a whopping 72 hours before executing the trade. So what are you waiting for? Join the club and let's make some out of this world profits!
ethan174
Agent J should stick to fighting aliens. Investing is not his thing.
mpate813
I love Agent J's sense of humor! Who knew investing could be so fun?
jouls
Agent J's take on investing is refreshing. Who needs boring financial news when you can have a good laugh?
cjeff
Agent J's jokes are getting old. Can we get some serious investment advice, please?
krcm07
Agent J's enthusiasm is infectious! I'm ready to invest in Coterra Energy right now!