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FDW Capital

Independent financial advisor and researcher. Global equity markets, energy geopolitics, portfolio strategy — and the macro complexity that comes with being based in Argentina.

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Issues10Founded2 months agoLast Issue3 days ago
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Latest Issues

Oil Might Take Longer to Come Down Than the Market Thinks

The Consensus Trade

The consensus trade in oil right now is unambiguous: prices will fall sharply once the Strait of Hormuz reopens. As of June 5, 2026, Brent crude is trading at $92 per barrel (down from a conflict peak above $113) wit...

3 days ago
14
7

When Empires Need Minerals: The Geopolitics of the New Resource Race

In the autumn of 1884, the great powers of Europe sat down in Berlin and drew lines across a map of Africa. Otto von Bismarck, the host, had called the conference ostensibly to preserve peace, the scramble had already begun and was threaten...

5 days ago
8
6

YPF: The energy company being bought by super-investors.

In March 2026, an explosion rocked the Ras Laffan industrial city in Qatar. Two of the 14 liquefaction trains at QatarEnergy’s flagship LNG facility (the backbone of Europe’s gas supply strategy) were severely damaged. The repair timeline:...

13 days ago
38
2

The Portfolio That Doesn't Break

Over the years as a wealth manager i gradually realized that most of my clients prove to be less tolerant of risk than their investor profile indicates. This naturally led me to focus on optimal hedging based on the client’s profile. Not so...

17 days ago
7
4

Two of the Greatest Investors Alive Just Bet on an Argentine Oil Company, But Why?

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The Hook

Today, two of the most celebrated macro investors in the world quietly filed their Q1 13F disclosures with the SEC. These are the mandatory quarterly reports that reveal what institutional managers hold and the d...

a month ago
160
15

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    Asset management, financial advisory services, and in-depth research. Geopolitics posts too. Specializing in the Argentine and Latin American markets.

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