Some people are climate change skeptics, and others are climate change skeptics with extreme prejudice.
It's probably safe to count Real Money Columnist Jim Collins among the later.
"In my world, humans are killing each other, not the planet," Collins wrote recently on Real Money. "And the insane 'green' strategies of its leaders, especially in Europe, serve to enrich the lunatic who is doing the killing,” he added.
Collins argues that investing in big tech now requires that investors believe Putin is 'just kidding,' in Ukraine, that Fed Chief Jerome Powell and colleagues are 'all over' the inflation problem and "Not only is the 4.5 billion year-old Earth suddenly 'melting,' but gullible voters will keep electing politicians who push this unscientific nonsense."
All of which points to his creation at the beginning of the year of his HOAX portfolio of 10 hydrocarbon plays that has risen 29.8% since its inception date. Ever the gentleman, Collins uses Cathhie Wood's Ark Portfolio as a benchmark, and says it's fallend 33.7% in the same period.
“It's about avoiding Putin's rubles and applying common sense,” Collins wrote. “The companies in HOAX have never killed anyone. To create an apocalyptic mythology to try and guilt people into avoiding investing in them is the height of stupidity.”
The 10 stocks in Collins' HOAX portfolio:
Exxon Mobil (XOM)
Antero Midstream (AM)
Arch Resources (ARCH)
Peabody Energy (BTU)
Suburban Propane Partners (SPH)
Cheniere Energy (LNG)
Flex LNG (FLNG)
Chevron (CVX)
Petrobras (PBR)
Tsakos Energy Navigation Series F (TNP-F)
According to Collins, the coal names have significantly outperformed, and he probably wouldn't buy Arch and Peabody at current levels.
“But I am actively reinvesting clients' divided payments into the other eight names,” he said. “Antero Midstream is the safest of that cohort, and its 8.9% yield is not only incredibly attractive, but also incredibly safe based on the cash flows that AM generates.”
“AM's revenues come, for the most part, from transporting natural gas produced by its corporate cousin Antero Resources,” he added. “Where is the risk? There is none.”
Get more trading strategies and investing insights from the contributors on Real Money.
Please note: It is important to remember that you should not buy or sell a stock based on reading one article. Investors should do their homework. For more research and information, consider TheStreet Quant Ratings for a quantitative approach to stock selection. Or, get a daily dose of TheStreet’s smartest insights from its smartest analysts, delivered to your inbox daily via TheStreet Smarts.
