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Long-form writing on what I'm learning and shipping.
2026
CNQ: the oil factory hiding inside a commodity stock
v1Published 2026-05-12Updated 2026-05-12CNQ: the oil factory hiding inside a commodity stock As of: 2026-05-12 This is not investment advice. It is a research note meant to preserve the industry mecha…
Tejon Ranch Q1 2026: a land bank trying to become a cleaner cash-flow story
v1Published 2026-05-11Updated 2026-05-11Tejon Ranch Q1 2026: a land bank trying to become a cleaner cash-flow story Tejon Ranch is easy to misunderstand because the asset is obvious and the timing is …