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James Okonkwo
@JAMES_OKONKWO · JOINED 2025
4.4K FOLLOWERS
Energy transition and traditional oil and gas.
Upstream, LNG and grid bottlenecks. Earnings revisions are the edge.
LATEST
0:18
CALLXOMLongVIDEO · CALL
Exxon: full-cycle economics improved and the multiple did not
The asset base got cheaper to run while the sector multiple stayed where it was.
AUG 21, 2026 · 11,804 VIEWS · 122.35 → 159.47 · +30.3%
Everything
0:18
CALLXOMLongVIDEO · CALL
Exxon: full-cycle economics improved and the multiple did not
AUG 21, 2026 · 11,804 VIEWS · 122.35 → 159.47 · +30.3%
0:18
CALLSLBLongVIDEO · CALL · CARDS
SLB: the project breakeven is below where the market models it
AUG 18, 2026 · 9,202 VIEWS · 41.24 → 53.87 · +30.6%
0:17
CALLOXYLongVIDEO · CALL · CARDS
Occidental: the project breakeven is below where the market models it
AUG 13, 2026 · 5,461 VIEWS · 47.00 → 59.10 · +25.7%
NOTEGRID CAPEX
The binding constraint is a substation, not a fab
Three of the four largest datacenter corridors have utility interconnect backlogs past 2027. Everything downstream of that queue is capacity-gated regardless of chip supply.
AUG 3, 2026 · 1,148 VIEWS
NOTEOIL & ENERGYCARDS
Exxon: the storage economics stopped needing the subsidy
The subsidy was the crutch and it is no longer load-bearing in the markets that set the price.
JUL 20, 2026 · 10,302 VIEWS
RESEARCHXOMLongCALL · THESIS
Exxon: capital discipline survived the last price spike
The company held its reinvestment rate through a price environment that historically triggers overbuilding. That is the whole investment case in this sector.
JUL 9, 2026 · 4,418 VIEWS · 120.82 → 127.21 · +5.3%
RESEARCHENERGY TRANSITIONTHESIS · CARDS
SLB: 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.
JUN 14, 2026 · 7,162 VIEWS
CALLXOMLongCALL · CARDS
Exxon: the project breakeven is below where the market models it
The asset base got cheaper to run while the sector multiple stayed where it was.
JUN 14, 2026 · 8,003 VIEWS · 106.99 → 118.30 · +10.6%
RESEARCHXOMLongCALL · THESIS · CARDS
Exxon: merchant economics now clear without support
Unsubsidised four-hour storage clears in three markets on merchant economics alone. That changes who the buyer is and how the contracts are written.
JUN 7, 2026 · 6,209 VIEWS · 122.64 → 126.51 · +3.2%