- The spread trade of being long oil/gas assets and short Treasuries has been a huge money maker since late March.
- Texas Pacific Land Trust's royalty business has been perhaps the top risk-adjusted oil/gas investment for many years.
- We may be nearing the breaking point for the dollar's worth to foreign owners, if interest rates do not rise markedly soon.
- The declining dollar will add to price gains in petroleum and other commodities, while pressuring a yield jump in the bond market during 2021.
For further details see:
Ultimate Recovery Hedge: Long Texas Pacific Land Vs. Short 20+ Year U.S. Treasuries