Update - January 24, 2023

Boom!

There’s a quiet boom taking place in the world’s energy sector. And we’re set up to take advantage of it.

Five years ago, 4 out of every 10 deep-water drilling rigs were tied up to docks, pickling, waiting for better times.

Today, 90% of all rigs are at work.

The prices they are going for are on the rise too. Just two years ago, one of these rigs would fetch $200,000 per day of work. The figure jumped to $300,000 last year… and to $400,000 this year.

It’s expected to continue to rise.

It’s no surprise that oil drilling is picking up. As much as the political class doesn’t like to talk about it, we need oil… and so does China. As the Asian giant has reopened from its stifling lockdowns, crude prices have risen steadily – and quietly.

The difference between this year’s low price and its high (set this week) is more than 11%… and growing.

Crude prices bottomed out around the time of last year’s election – it’s funny how that works – but are once again becoming a thorn in the side of the nation’s monetary policymakers. Energy inflation isn’t going away.

It’s likely to increase from here.

As I detail in depth in the upcoming issue of Manward Letter, it’s not just crude that’s seeing a spike. All commodities are on the rise. And unless we want to take a serious hit to our standard of living, the only way to overcome the financial pain is to invest in assets that rise right alongside commodities.

We’re doing exactly that with our stake in KBR (KBR).

Where the Wind Blows

If you’ve been around here for any length of time, you know I’m excited about the opportunities in the energy sector. For companies with the cash flow and knowledge to run a diverse business, the future is very bright.

KBR fits the bill nicely.

For example, at nearly the same time that it is engineering a crewless natural gas compression operation in the Middle East, it’s also working on a major alternative energy project in Europe.

It’s designing an energy storage facility for a Dutch offshore wind farm. It will use the latest lithium-ion technology in conjunction with cutting-edge hydrogen electrolysis innovations to create a large-scale system that stores excess electricity as it is being made.

The aim is to help overcome the biggest problem with wind energy – the fact that the wind doesn’t always blow.

With this project, KBR will help capture energy when the wind is blowing and store it for use when it’s not.

All of this proves that nobody knows what energy will look like tomorrow. We just know it will look different from how it looks today.

The companies that are involved in the transformation and are nimble enough to move to the latest opportunities will treat investors very well.

KBR is one of the best. Our triple-digit gain on the stock proves it.

But even if you didn’t buy when prices were half of what they are today, there’s ample opportunity left.

If you don’t own shares… get some.

This stock has a decade worth of gains ahead of it.

It’s a leader in the energy revolution.