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Dhruv Anand
@DHRUV_ANAND · JOINED 2025
6.9K FOLLOWERS
Deep value in industrials and energy. Patient, contrarian.
Graham-Dodd mindset with a macro overlay. I wait for forced sellers.
LATEST
0:20
RESEARCHGRID CAPEXVIDEO · THESIS
Caterpillar: this demand is structural, not cyclical
The funding mechanism changed, which changes the durability of the revenue rather than just its level.
AUG 21, 2026 · 11,935 VIEWS
Everything
0:20
RESEARCHGRID CAPEXVIDEO · THESIS
Caterpillar: this demand is structural, not cyclical
AUG 21, 2026 · 11,935 VIEWS
0:19
CALLXOMLongVIDEO · CALL
Exxon: the backlog has repriced and the market has not noticed
AUG 19, 2026 · 9,033 VIEWS · 127.67 → 160.64 · +25.8%
0:19
RESEARCHXOMLongVIDEO · CALL · THESIS · CARDS
Exxon: new contracts are being signed at materially better terms
AUG 16, 2026 · 5,242 VIEWS
CALLOXYLong
Occidental: the reinvestment rate stayed low when it did not have to
Discipline is only observable under temptation, and this was the test.
AUG 11, 2026 · 10,570 VIEWS
RESEARCHOIL & ENERGYTHESIS
Exxon: the reinvestment rate stayed low when it did not have to
The company held its reinvestment rate through a price environment that historically triggers overbuilding. That is the whole investment case in this sector.
JUL 24, 2026 · 4,592 VIEWS
RESEARCHOIL & ENERGYTHESIS
Chevron: a fine business with an unhedgeable input
Everything company-specific is working. The earnings are still primarily a function of a price nobody in this position can forecast.
JUL 16, 2026 · 7,856 VIEWS
RESEARCHOIL & ENERGYTHESIS · CARDS
Occidental: capital discipline survived the last price spike
Discipline is only observable under temptation, and this was the test.
JUL 13, 2026 · 4,936 VIEWS
RESEARCHOIL & ENERGYTHESIS
Chevron: the buyback is doing work the barrel is not
Per-share metrics are improving because the share count is falling. The asset is not improving.
JUL 10, 2026 · 109 VIEWS
CALLCATLong
Caterpillar: services revenue is compounding under a cyclical label
The installed base generates recurring revenue that the cycle does not touch, and it has grown every year for a decade.
JUL 3, 2026 · 1,378 VIEWS
CALLCATLongCALL · CARDS
Caterpillar: capacity expansion is funded and the backlog already justifies it
The capital is committed and the demand to fill it is contracted. That is an unusually low-risk expansion.
MAY 24, 2026 · 6,488 VIEWS · 416.07 → 388.47 · -6.6%