Episode 3: The Fog of Peace

Is the Strait of Hormuz open, or is it not?

Apr 17 • Alexander Stahel

21

1

1

Episode 2: Crude Quality Matters

Without a Fully Reopened Strait, Asia Lacks the Crude Needed for Distillates

Apr 14

47

2

6

Episode 1: The Persian Trap

Retaking the Strait of Hormuz Will Prove Difficult

Apr 12

55

1

6

A Crude Awakening: Executive Summary

Why re-opening the Strait is unavoidable and will take time. A multi-episode deep dive into oil balances, crude quality, vessel traffic, demand…

Apr 7

82

2

13

February 2026

EU Natural Gas Deep Dive: Cheap Gas, Fragile System

Europe’s Post-Gazprom Energy Regime Needs Further Repair

Feb 15 • Alexander Stahel

107

4

10

January 2026

G Mining Ventures: A Mine Building Giant Dressed as a Junior Gold Developer

Why G Mining Venture may be the rare miner with a lasting moat..!

Jan 27

20

6

5

Maduro is Gone. Is that Good News? Not if you are long oil.

It's path dependent, but it should become a blessing for peace and humanity

Jan 3

103

40

13

December 2025

Skeena Gold & Silver: The Takeover Setup Is Now in Place

High Quality Gold AND Silver Asset with a Clear Pathway to First Gold

Dec 26, 2025

14

8

1

November 2025

Osisko Development: Unusual Geology is the Risk

When difficult geology meets excellent management, it is almost always the difficult geology that wins.

Nov 30, 2025 • Alexander Stahel

15

4

3

October 2025

The Calm Before the Thaw: Europe’s Natural Gas Market Finds Its Balance

Winter is Coming

Oct 31, 2025 • Alexander Stahel

35

7

3

K92 Mining - A Tier 1 Opportunity in the Making

A "Special Situation" in the Gold Mining Space

Oct 27, 2025 • Alexander Stahel

41

3

1

Lundin Gold: A Geological Unicorn, Priced for Perfection

Fat panel, high grade, real optionality; patience required at 1.7× NAV

Oct 20, 2025 • Alexander Stahel

28

2

2