| Account | Shares | Price | Value | % of acct | Cost/sh | Gain $ | Gain % | Target |
|---|---|---|---|---|---|---|---|---|
| RLT | 23 | $64.99 | $1,495 | 0.09% | $48.98 | $368 | +32.7% | — |
In short: An explicit exit call on a prior long, asked and answered directly in Q&A. "LyondellBasell — we were long a while back. On the chemical front, we were effectively timing a cyclical bottom. Since then, chemical names rallied quite a bit. And because of rising energy prices, I am not really that positive on the sector anymore. So what I would do for LYB is just trim or sell. I'm just not as positive on chems as I was." The reasoning is the war, not the company: "I think the industrial economy and just with the energy price issue, I'm not as bullish. I actually think that we could see an escalation of this Iran war before it gets better after the midterms. There's no immediate catalyst for peace. So names that are sensitive to oil prices and gas prices, I'm just not as excited about." The cyclical-bottom trade worked; the input-cost regime that would carry it further has reversed.
LyondellBasell turns oil and natural gas into plastics and industrial chemicals. Singh owned it as a cyclical trade — buying a commodity business when the cycle is at its worst, on the expectation that the cycle turns. That worked: chemical shares rallied significantly from the bottom.
He is now closing the idea, and the reason is not the company. Oil and gas are the raw materials a chemicals plant buys, and the war in the Middle East has pushed their prices sharply higher while the finished plastics cannot be repriced fast enough to keep up. A cyclical recovery only pays if the margin between input and output widens; here it is being squeezed from the input side.
His instruction is direct: "what I would do for LYB is just trim or sell." And the point generalises beyond one stock — he expects the Iran conflict to escalate rather than resolve before the November midterms, with "no immediate catalyst for peace," so "names that are sensitive to oil prices and gas prices, I'm just not as excited about." That is a whole-sector de-rating driven by a political calendar rather than by anything a chemicals executive controls.
Full passage: premium transcript (PDF).
In short: The chemicals name on Krinsky's ag-adjacent list, read out by Wapner alongside Nutrien, CF, CNH and Deere. (The auto-transcript garbles it as "Lyondell, Bozell.") No committee stance — it appears only as part of the BTIG basket behind the agriculture-commodity breakout.
In short: Offered as one of the "things you can own in here that are a little different from the rest": "we have a position in Lyondell Chemical, 6% dividend, and that company's turning around making changes, that we like."
LyondellBasell is one of the world's largest plastics and petrochemicals makers — it turns oil and gas feedstock into the raw materials for packaging, pipes and car parts. The industry has been in a deep down-cycle, which is why the shares yield about 6% in dividends.
Oakley's case is a turnaround: "that company's turning around, making changes, that we like." You're paid 6% a year to wait while management restructures, and the same cheap North American gas that makes his energy names work is this business's main input cost.
38:52And I think people have to keep that in mind. That's on the negative side. On the positive side, I think you can do a mix of a number of things, but I certainly think you can add energy, you can add gold miners, you can add gold, but you can add other things. Like we took we have a position in Lyondell Chemical, 6% dividend, and that company's turning around making changes, that we like.
In short: #15 — the highest yield on the entire list at 11.2%. "One of the world's largest plastics, chemicals, and refining companies," a leader in polypropylene and polyethylene. The advantage is feedstock geography: "because they operate heavily in the US, they have access to low-cost natural gas… a massive cost advantage over European and Asian competitors." Price: "the stock has recently traded at some of its lowest valuations in years, paired with a dividend yield that is near historical highs." Self-help: "a plan to unlock over $1 billion in incremental cash flow by the end of 2026." An 11% yield in a commodity chemical cycle is the list's largest unhedged claim — no payout ratio or coverage figure is given.
In short: "Category-five hurricane" capitulation in chemicals — extreme distance below the lower monthly Bollinger band = seller exhaustion.
LyondellBasell is a big chemicals/plastics maker. He sees the same "category-five" capitulation as in Diageo — the stock has fallen so far below its normal trading range (an extreme distance under its "lower Bollinger band," a line that maps how far prices usually stray from average) that it signals sellers are exhausted and a bounce is likely.
22:33You look at Chipotle, Target, Diageo — consumer stocks absolutely in flames. On the Diageo side, the bear thesis has been out there 24 months — younger people aren't drinking the way their parents did. That's why it's below its 200-month moving average. But the capitulation volume on Lyondell in the chemical space and Diageo — you're getting a category-five hurricane type capitulation at year end. And the Fed just told us they expect growth to accelerate next year. Consumer stocks are trading like we're in a recession. Somebody's wrong.
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Verbatim excerpts from the public transcripts (auto-pulled at each mention's timestamp, lightly cleaned). Timestamps link into the video; "source page" opens that commentator's full analysis at this row. Click a mention's header line to expand it (one open at a time). For personal study — not investment advice.