We are exiting our position in Coterra Energy , selling the remaining 2,600 shares at roughly $24. We owned Coterra as a hedge against a spike in energy prices that often is the result of geopolitical turmoil. Higher energy prices are a headwind to companies across sectors because they represent a large — sometimes the largest — input cost. They also mean higher costs for consumers. The only winners are the companies that sell the commodity. A big selling point for Coterra over its peers was its ability to shift resources between crude oil and natural gas depending on the financial profile of the each at any given time. However, that has not worked out too well this year as the company had too much natural gas when the market wanted oil, and then too much oil when the market wanted natural

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