Peter

Husband | Calisthenics Athlete | Long Term Value Investor
Newsletter - off the beaten path lifestyle topics

[Peter @Catalyst_Peter]

“Most great investments begin in discomfort. The things most people feel good about – investments where the underlying premise is widely accepted, the recent performance has been positive, and the outlook is rosy – are unlikely to be available at bargain prices."

-Howard Marks

[Peter @Catalyst_Peter]

@foundmyfitness What about scanpans from Denmark?

[Peter @Catalyst_Peter]

@bryan_johnson Always thought it was over hyped

[Peter @Catalyst_Peter]

@paulsaladinomd Where do you get your t-shirts from with the mountain insignias on the sleeve? They look super slick

[Peter @Catalyst_Peter]

@PauloMacro Maybe they can sell back the pounds at a premium to utility companies and make up the difference by not mining it themselves? Being the most trusted western uranium supplier seems to be in their favor if they have to buy pounds in the market.

[Peter @Catalyst_Peter]

@paulsaladinomd Meet and eggs have similar micronutrients. I think @athleticgreens is a marketing scam.

[Peter @Catalyst_Peter]

@SFarringtonBKC It’s wild how sentiment shifted. Just a month ago considered left for dead and had all the elements of a contrarian play.

Seems like a “when, not “if” thesis and is playing out now!

[Peter @Catalyst_Peter]

@UraniumStockBot Used to own $UUUU. Investors beware as the stock can be heavily dilutive

[Peter @Catalyst_Peter]

@MarhelmData Wonder if this will be bullish metallurgical coal stocks? $AMR $HCC $WHC

[Peter @Catalyst_Peter]

@FordWealth @contrarian8888 any idea what the $SBSW run up is from? Gold hitting new highs as they get a chunk of their revenue from their old mines? Platinum price is still depressed, palladium somewhat rising

[Peter @Catalyst_Peter]

@AAGresearch Promise to resolve any arguments in under 24 hours and admit your mistakes.

[Peter @Catalyst_Peter]

@_KevinConnelly Much respect for the early morning training session! Those a pair of 20kgs?

[Peter @Catalyst_Peter]

@rekurencja @Energy_Fuels Would caution people to invest in UUUU against share dilution

[Peter @Catalyst_Peter]

@AAGresearch Love the packs of pancetta !!

[Peter @Catalyst_Peter]

@AAGresearch Carnivore is so healing, a great reset diet - good stuff Alberto!

[Peter @Catalyst_Peter]

Another masterclass offshore article by Tommy 🙏🏼

[Tommy Lee @TommyDeepwater]

2025 Outlook: Semisubs $ODL.OL $RIG $VAL $NE $SDRL $NOL.OL

Link in Bio. Free.

Summary: Semisubs are generally designed for more harsh environments such as the Norwegian Continental Shelf, whereas drillships most often work in more benign conditions in the Golden Triangle (US GoM, LatAM and West Africa). Many differences exist amongst semisubs, notably including eligibility to work in Norway.

The largest market for semisubs, Norway, was viewed as a mature market during the last newbuild cycle 10+ years ago. Accordingly, fewer newbuild semisub orders were made than drillships which foresaw more growth in Brazil and West Africa at the time. As we head into 2025, the Norwegian semisub market is healthy with strong utilization and recent dayrate prints in the mid-$400k’s to low-$500k’s. Semisub eligibility in Norway is a good club to be in but has premium dues (SPS) every five years. Semisubs without eligibility to work in Norway come in different shapes and sizes but are more likely to be idle and earning discounted dayrates due to weaker option value.

The Norwegian Offshore Directorate published research in 2024 stating Norway’s offshore discoveries over the last 20 years are valued at 3x the costs incurred on a NPV basis. Norway generally does not have headline discoveries, although benefits from a high quantity of smaller discoveries to support lower cost infrastructure-led capex often cited with ~$35/boe breakevens. Exploration drilling is trending positively and is likely to continue in coming years based on Norwegian E&P public commentary.

H/T @EivindEnd and recommended follow

[Peter @Catalyst_Peter]

New release for that 2025 pump !!

https://t.co/YaxRohi9D6

-Favorite new exercise. Parallette pushups, for bigger arms 💪🏼
-Best book. “The Wit & Wisdom of Lee Kuan Yew,” longest serving PM 🇸🇬
-Podcast. How I Built This: Athletic Brewing Company
@HowIBuiltThis

[Peter @Catalyst_Peter]

@jbmason 20 pull-ups is a def a high level of fitness.

Hoping to install a bar in my backyard in 2025 - a longtime dream I gotta make happen.

[Kuppy @hkuppy]

For the first time since I launched my blog, I’m not doing a year-end review (compliance kills everything😩😩), but if you follow my book, you know 2024 was a difficult one.

Instead, of a review, I tried to give my roadmap going forward…👇👇

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[Peter @Catalyst_Peter]

@AAGresearch Happy new year !!🎊