Victoria Greene on Energy Stocks: 'Cash, Baby Cash' Strategy

US Energy Exploration and Production (ENTP) Plays

• 💡 Victoria Greene discusses a strategic shift towards US ENTP names due to potential international conflict and oil supply disruption risks.
• 🎯 Devon Energy is highlighted for its 400,000 acres in the Delaware basin, a low breakeven cost of $45 WTI, and a free cash flow yield of 14-15%.
• 💰 Devon is noted for being shareholder-friendly, distributing 70% of free cash flow, and benefiting directly from rising oil prices due to only being about 25% hedged.
• 🚀 ExxonMobil is considered a long-term hold due to its global scale, operations across chemicals, refining, and oil/gas, and significant acreage in Guyana.
• 📈 Exxon is praised for its focus on future relevance, earnings growth, a great dividend, and shareholder-friendly practices, embodying the new mantra of 'cash, baby cash'.

Defense and Industrial Sector Investments

• ✈️ RTX (Raytheon Technologies) is favored due to its significant role in missile supply and Pratt & Whitney engines, essential for current global conflicts.
• 🌍 RTX benefits from both US government contracts and sales to foreign governments, particularly in Europe and the Middle East, indicating strong growth potential.
• ⚙️ General Electric (GE) is recommended for its high-quality aerospace engines powering major aircraft manufacturers like Boeing and Airbus, with strong demand in the aerospace sector.
• ✅ GE Aerospace, post-split, is seen as a quality company with a significant year-to-date gain, positioned for continued runway despite industry challenges.

Dividend and Shelter Plays

• 🔒 IBM is mentioned as a dividend play for sheltering in the storm.
• 🚬 Philip Morris is also noted as a dividend shelter stock.