HeyJaredUnderlying Value
Doing my best to separate the signal from the noise in the global public markets. I talk about what I own.
- Indexed issues, last 90 days
- 3
- Latest publication
- Aug 20, 2026
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- Earliest in this view
- Jul 12, 2026
Latest issues
The Least Expensive Oil and Gas Producer in the World (opens the original)
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The most important molecule in the world has been taken hostage. While the end result remains very uncertain, I’ve been positioning ourselves to take advantage in cases where prices stay elevated while protecting the downside in cases where this proves illusory. From a probability standpoint, I think the risk of an elevated oil price environment sustaining is quite high and poses serious dangers to the global economy. Here is where I get my news from to give you a sense of my perspective.Mainstr
NWF Group: An enduring, profitable consolidator and likely takeover target (opens the original)
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Not investment advice: First, read my full disclaimer here.NWF Group is a small-cap distributor of essential products that has been profitable every year for decades, has a good ROCE across divisions and pays a 6% dividend. Furthermore, I think there is reason to believe they stand a good chance of being acquired over the next year at a time when industry multiples are much higher.On a headline basis you see a business trading at 4.5x operating profit. On the asset side, take a dive into the fin
Deep Value in Oil and Gas (opens the original)
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Not investment advice: First, read my full disclaimer here.Here is a snapshot of the average trailing valuations for the four oil and gas producers we own. Very inexpensive, poised for growth and paying us over 15% in dividends.<a class="image-link image2" href="https://substackcdn.com/image/fetch/$s_!bFaJ!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fim
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