New artificial intelligence report from the analyst who recommended Nvidia at $11

The Big AI Die Up Is Coming

Which Side Will You Be On?

Millions of investors risk being wiped out by this looming catastrophe while those who follow this map now could make a fortune… 

WARNING: Do Not buy any ai stocks until you read this FREE REPORT

Dear Reader, 

The next Big Die Up is here… 

Only this time, it’s not in pot stocks, cryptocurrency, or U.S. housing… it’s artificial intelligence. 

But make no mistake…

It doesn’t matter what the mania comes disguised as, the exact same pattern is unfolding and unless you know what’s coming, you could be wiped out.

So if you’re thinking of investing in any AI stock, then this could be the most important report you read this year.

One that could not only save you from financial catastrophe but could potentially make you one of the few investors who make a killing from today's artificial intelligence mania. 

You see, while there is no doubt that the recent advancements in artificial intelligence are game changing and will drive colossal innovation in every sector of the economy...  

There's also no escaping that 

The Big AI Die Up Is Coming 

This isn’t the first time my team and I have helped investors navigate an investment mania...

We did it in the late 90’s when I warned the Dot Com Bubble was going to burst while also recommending some of the best stocks of the era... 

I did it in 2007 when I predicted the housing market was about to implode and recommended shorting Fannie Mae and Freddie Mac. 

I did it in 2017 when I warned investors that Bitcoin – despite its long-term potential – was in the midst of a full-fledged mania: 

“My warning is the price action of bitcoin and other virtual currencies is very dangerous in that most people dramatically overestimate their capacity to tolerate volatility and risk.”

And we did it 2018 with pot stocks writing…

“All manias end the same way. Prices eventually reverse, often sharply, and go on to retrace 50%-80% or more of the entire rally until the last bull finally throws in the towel.”

Now, I’m going to show you how to successfully navigate this new investment mania in artificial intelligence... and the story starts with this 139-year-old map of Wyoming...

See those lines crisscrossing the map? 

They show a disruptive new technology that transformed the U.S. economy and unleashed an unprecedented flood of wealth…

... turning one 19th-century settlement into the richest city in the world. 

And incredibly, the story of this old boom town on the great American plains holds the secret to growing your wealth from 2023’s most disruptive new technology… 

Artificial Intelligence. 

In the aftermath of the Civil War, a new “gold rush” was underway.

For decades the Great Plains had been the domain of the buffalo, and their numbers were seemingly endless. 

Luke Voorheese, an early settler, wrote that he’d traveled 200 miles through a single herd of buffalo. 

However, as the post-war economy ramped up, the demand for buffalo was insatiable. 

Their hides were used for belts on factory steam engines, waterwheels, warm clothing, horse harnesses, and much more. 

And exterminating buffalo became the unofficial 
policy of the U.S. government. 

The army gave away free ammunition to buffalo hunters. 

The newly built Union Pacific Railroad brought thousands of hunters onto the plains. And soon, piles of bones like this littered the West.

It wasn’t long before almost every bison in the United States – some 20 million animals – had been slaughtered…

… and replaced by cattle.

In the first of the fabled “cattle drives,” 35,000 cattle traveled north from Texas searching for fresh pastures. 

Seventy-five thousand came the following year. 

By 1871, more than half a million head of cattle a year were migrating northwards into the plains where “the buffalo roamed” not long ago.

In the two decades following the Civil War, more than ten million cattle migrated onto the northern plains, along with half million horses and 50,000 cowboys.

And the once-deserted Great Plains boomed as new cattle towns popped up all across the West. 

These towns thrived as the value of U.S. meat production soared to $1.4 billion – roughly 20% of America’s GDP at the time. 

Thousands of people settled in these new towns, with saloons, casinos, shops, dance halls, theaters, and restaurants springing up to cater to the new residents. 

Within a few years, these Cattle Towns were the wealthiest places in America. 

And the most famous of them all was Cheyenne, Wyoming. 

In just a few years, this cowboy encampment went from “a handful of people” to more than 3,000 residents… and soon boasted the highest per capita income in the world. 

The “Cattle Kings” built lavish mansions, threw extravagant parties, and imported the finest clothes and jewels. 

And Cheyenne became the “center” of the West, with its main street housing an opera house, the Atlas Theater, and the Inter-Ocean Hotel. 

But nothing signified the wealth of this town more than the establishment of the Cheyenne Club.

It was designed to surpass the luxuries offered in London’s finest social clubs.

Sprawling over three stories, the Cheyenne Club had rooms for billiards, reading, smoking, dining, and games.

It boasted an indoor tennis court, hardwood flooring in every room, a wine cellar, and every other extravagance of the time.  

Champagne was served with every meal, and it offered the finest food from around the world – even fresh oysters.

And all this prosperity was unlocked by the vast abundance of cattle ranching on the Great Plains. 

But the cattle trade alone doesn’t tell the whole story of how Cheyenne became the wealthiest city in the world.

You see, it wasn’t only the cowboys and Cattle Kings that rebuilt the U.S. economy after the Civil War… 

And if it wasn’t for the invention of one disruptive new technology, this incredible economic boom may never have happened. 

It’s an invention that transformed the natural abundance of the Great American Plains into an economic engine of unparalleled power.  

Yet, its impact is often ignored by historians who prefer the romanticized story of intrepid cowboys wrangling cattle on the vast open plains.  

But the reality is, without this one invention, Cheyenne would never have become the wealthiest city in the world. 

And as strange as it may seem…

This map of Wyoming – and the story it tells – holds the key to navigating the recent AI boom. 

Let me show you how... 


Hi, my name is Porter Stansberry.

Almost three decades ago, I started a financial research firm with nothing to my name but a borrowed laptop. 

Working from the kitchen table of my 3rd-floor apartment in one of Baltimore’s most notorious neighborhoods… 

I wrote about the disruptions, opportunities, and risks I saw in the financial markets.

I had no “right” to do this… 

I wasn’t a stockbroker or financial analyst. 

I’d never worked for an investment bank or on Wall Street. 

And beyond having access to the SEC’s database of financial statements and annual reports, I had no special insights into corporate America.

But from that first report – published in the late 90s – my firm would grow into one of the world’s largest financial research companies. 

And while you may not have heard of me or my firm…  

For almost 30 years we were on the frontier of the financial markets… accurately predicting many of the world’s most important economic stories. 

The 1997 emerging market collapse… the Japanese 1998 banking crisis… The Dot-Com blow-up of the 2000s…

The demise of General Electric… the bankruptcy of General Motors… and the 2008 financial crisis, along with the fall of Fannie Mae & Freddie Mac…

We warned of these catastrophes – and many others – long before Wall Street or mainstream financial media…

That’s why our research has been featured by almost every major media outlet, used by Presidential advisors, economists, and even reportedly landed on Warren Buffett’s desk.  

I’ve also personally predicted the rise of many of the world’s leading companies today, including Apple, Amazon, Nvidia, PayPal, and Microsoft… 

And the reason I’m writing this letter today is that… 

A major financial event is looming. 

And unless you prepare immediately you could see your portfolio wiped out as this event sends shockwaves throughout the markets. 

I believe losses of 50% or more could be coming to this sector… along with a second “lost decade” of flat (or negative) returns that could destroy your retirement prospects. 

Yet nobody is warning you. 

In fact, almost everyone is spurring this force on. 

The mainstream media, the financial press, and investment pundits are all dumping gasoline on the fire.

They’re telling you to buy every hot tech stock, invest in every harebrained artificial intelligence company, and that fortunes will be made by anyone who gets in now. 

To my knowledge, I’m the only financial analyst stepping forward like this to warn you of what’s coming… 

And why – unless you prepare accordingly – you could see your portfolio decimated in the months ahead in The Big AI Die Up. 

This is an event that’s happened many times before. 

And I believe the next Die Up is looming, this time in the artificial intelligence sector.  

To understand the danger this force poses, what will happen next, and how you can protect your wealth and grow it too… 

We must return to the Old West, where the first “Big Die Up” occurred. 


In the 19th century, one new technology transformed America’s Great Plains. A radical new invention that helped ignite the U.S cattle boom… 

Barbed wire. 

Invented by three farmers at a county fair in DeKalb, Illinois, barbed wire transformed the ranching industry. 

Before its invention, animals roamed freely.

Most ranchers couldn’t afford to fence in their herds or define their property boundaries.  

The only real option was wooden fencing but wood was scarce on the Great Plans and had to be brought in on railcars. 

It was expensive, labor-intensive to erect, and easily damaged by herds of cattle. 

Barbed wire solved these problems… 

And by doing so unlocked huge productivity gains in ranching. 

The new low-cost barbed wire fences allowed ranchers, for the first time, to define their property like you can see on this 139-year-old map of Wyoming... 

It allowed them to contain their herd to a specific plot of land, it helped them protect cattle from the dangers of the open plains. 

The result was a 80% reduction in annual bull mortality. 

But that’s not all. 

Barbed wire fences also meant breeding could be accelerated... 
access to the best grasslands could be controlled… cattle couldn’t escape… and rustlers couldn’t steal animals as easily. 

It also reduced ranchers’ need for cowboys to watch over the herd. 

Instead of roaming the vast plains, ranchers could keep their cattle contained, control their movements and diet, and better care for the animals. 

This simultaneously reduced the cost of ranching while also boosting the productivity of ranching.

It’s why historians point to barbed wire as the catalyst that ended the open-range cowboy lifestyle… and revolutionized beef agriculture. 

The economics were obvious: The bigger the ranch, the greater the returns from barbed wire fencing. So demand for both ranch land and steel soared.

The following frenzy will be familiar to anyone who remembers the Internet bubble of the 1990s, the housing boom of the early 2000s, or crypto in 2020…  

Seemingly endless demand for beef, amplified by the possibilities of barbed wire, created the impression of a “can’t lose” investment.

Fortunes poured into ranching with many of the country’s wealthiest people getting swept up in the mania, including: 

The list goes on. 

And the frenzy didn’t stop with the Yanks.

Imported American beef rapidly began to replace British beef as the premium meat… 

In 1876, England imported just 1,732 tons of fresh beef. 

Two years later, imports surged to more than 30,000 tons, with 80 percent coming from the United States.

As demand for U.S. beef skyrocketed, the wealth of the Cattle Kings exploded…

Scottish-born ranch manager John Clay wrote that raising a steer cost about $1.50, but you could sell it for as much as $60.00… an outlandish markup of 3,900%.

Soon rumors about the success of America's cattle ranches – and the wealth up for grabs – became the talk of London. 

The British parliament sent two members, Clare Read and Albert Pell, to the American West to explore opportunities.
What they reported back launched the greatest investment mania the world had ever seen… and the first genuinely global investment mania. 

Read and Pell wrote: 

“The acknowledged profits upon capital invested in cattle are 25% to 33% per year.” 

Based on that report, capital flooded from Great Britain to America.

Between 1879 and 1888, the British formed 36 new companies and raised $45 million to invest in cattle, an amount of capital equal to 5% of British GDP. 

A comparably sized investment would equal $150 billion today.

But it rarely ends well when an exciting new industry meets a flood of capital from investors – who are willing to pay almost any price to get in.


Bubbles attract pins. 

The winter of 1886-1887 was the pin for the cattle boom.

No one had ever seen anything like it. 

In January, the snow started falling, and it didn’t stop for ten days.

The temperature plunged to -60 degrees, the coldest winter on record.

There was so much snow and so little grass that the cows who didn’t freeze to death, starved to death waiting for spring to arrive.

When spring finally came, hardly any cows were left – more than 1 million had perished over the winter.

The cowboys called it “The Big Die Up.” 

And it wiped out virtually every large cattle ranch.

As, Christopher Knowlton, author of Cattle Kingdom, writes: 

“The deadly winter proceeded, almost biblical in its ferocity and duration, as though it had every intention of humbling and shaming anyone who had participated in the great cattle boom.”

The Big Die Up slashed the number of large cattle companies in Colorado alone from 58 to nine.

In most cases, investors in the cattle boom lost everything. 

Investors from Boston poured $2 million (roughly $6 billion today) into the Union Cattle Co. in 1883. 

At its peak, the ranch held 60,000 head of cattle and paid an annual 8% dividend. After the Big Die Up, it went bust. 

Same with the Swan Land & Cattle Co.  

A joint-stock company founded in Scotland in 1883 with $3 million in capital (almost $10 billion today) was the largest in the West – a ranch the size of Connecticut. 

It went under in The Big Die Up, and investors lost everything. 

But perhaps the most famous victim of the cattle bubble was 28-year-old Theodore Roosevelt. 

Fleeing the grief of losing his mother (typhoid) and his first wife (kidney failure) on the same day, Roosevelt moved to the Dakota Territory and established the Elkhorn Ranch.

He invested most of his family’s wealth ($80,000 – about a quarter of a billion today) into cattle, with disastrous results.

The Big Die-Up wiped out his ranch, and Roosevelt wrote to his sister: 

“I wish I was sure I would lose no more than half the money I invested out here.” 

When all was said and done, Roosevelt lost 75% of his herd and virtually all his money. 


The cattle boom of the 19th century was the first genuine global investment mania.  

A new technology (barbed wire) converted the incredible abundance of the Great Plains into an enormous economic engine for beef… and the demand was believed to be unlimited.

But barbed wire was useless to keep out the snow. 

And in a story that’s all too familiar, investors caught up in the frenzy lost almost everything. 

The desire for quick and easy riches overrode any sober analysis of whether the market could sustain this type of growth or potential risks. 

As more and more investors poured in more and more money, the bubble continued to grow until, eventually, it ended. 

Time and time again, investors get caught in the same trap.  

The South Sea Bubble, the railway mania, the Dot-Com boom, the 2000s housing bubble, the rise of cryptocurrencies… 

History is replete with examples of what happens when a disruptive technology and the promise of market disruption meet excess capital. 

This brings us to artificial intelligence. 

Advancements in artificial intelligence have catapulted the investment community into an unbridled frenzy of starry-eyed optimism.  

The New York Times raves that AI could add $4.4 trillion to the global economy. 

Politicians, pundits, and the media say it will “change everything”… 

Search volume for AI has gone stratospheric… 

And artificial intelligence is now talked about by the media as much as Bitcoin, during the all-time high run of 2021.

Like all manias, unbridled faith in the future (and fear of missing out) is all it takes for investors to invest vast sums of capital… 

Consider the case of Mobius AI – a new startup founded earlier this year by four former Google researchers. 

According to The New York Times, the founders “weren’t sure what their product might be — just that it would involve A.I. technology that could generate its own photos and videos.”

Not having a product wasn’t enough to stop two of the top Venture Capital firms from funding the business at a $100 million valuation. 

And this isn’t an outlier. 

PitchBook reports that venture capitalists have increased their AI positions from $408 million to $4.5 billion over the last five years. 

Angel and seed deals have grown too, with 107 new deals and $358.3 million invested in 2022 compared with just 41 and $102.8 million in 2018.

AI-oriented ETF fund inflows have surged by 30%, with retail investors dumping millions into the sector. 

The investment mania around AI is so frenzied that it is effectively fuelling the entire 2023 stock market rally… 

Just seven tech firms in the S&P 500 are responsible for almost all the returns this year (up 58%) with the remaining 493 companies up just 4%. 

And in a story that's almost identical to the Dot Com and crypto bubbles… 

Earning calls for the largest tech companies have seen 190 mentions of “AI” versus 36 a year ago.

As analysts for TAM Asset Management report: 

“Companies that mention the word AI in their earnings are seeing boosts to their share price,” and that "smells very much like the dot-com era."

Take Buzzfeed, for example. 

The near-bankrupt media firm announced they would replace their worthless human-generated content with worthless AI-generated content... and the stock tripled overnight. 

The same happened to, which skyrocketed by almost 700% in just one month.

Or software firm… 

It has surged 252% since the start of the year. 

Then, there’s Nvidia… 

(A company I first recommended back in 2016 when it was trading for just $11… a return of close to 4,000%.) 

As the leading architect of computer chips, Nvidia is on the frontier of the artificial intelligence market. 

Their chips power over 95% of the world’s top AI systems, including ChatGPT, and they have a virtual monopoly on the market. 

And with the frenzy around AI going mainstream, Nvidia’s stock has gone vertical…  

It's now trading at almost 40-times earnings. 

To put this in context (and to give you an idea of what could be coming for Nvidia), here’s what Sun Microsystems – the one time Dot Com darling – CEO said: 

“At 10 times revenues, to give you a 10-year payback, I have to pay you 100% of revenues for 10 straight years in dividends. 

That assumes I can get that by my shareholders. That assumes I have zero cost of goods sold, which is very hard for a computer company. 

That assumes zero expenses, which is really hard with 39,000 employees. 

That assumes I pay no taxes, which is very hard. 

And that assumes you pay no taxes on your dividends, which is kind of illegal. 

And that assumes with zero R&D for the next 10 years, I can maintain the current revenue run rate. 

Do you realize how ridiculous those basic assumptions are? You don’t need any transparency. You don’t need any footnotes. What were you thinking?"

Nvidia isn’t trading at just 10-times revenues though. It’s trading at an outlandish ~40-times revenues. That's 4x higher than the cautionary story of Sun Microsystems.

It was the same story with Cisco… 

It was the Nvidia equivalent of the Dot Com era. 

It was the leading provider of networking infrastructure. 

No competitor came close to its dominance, with roughly 75% of the internet traffic going through their equipment.

From its February 1990 IPO through to 2000, shares compounded at an incredible 102% per year. 

At its peak, Cisco was the largest company in the world, valued at $500 billion – roughly 60x sales. 

It continued growing, with revenues more than tripling from $12 billion to $40 billion by 2010 – roughly 10% per year. 

The problem was that this was a significant deceleration from the 40% average growth rate from 1995 to 2000.

As competition sprang up, Cisco gradually ceded market share, going from 75% in 2000 to 55% today. 

Meanwhile, growth for internet networking equipment slowed as the market matured. 

However, when you’re valued at 60x sales, you can’t afford even a modest growth slowdown.

Despite revenues growing 4-fold since 2000, Cisco investors have suffered two decades of negative returns.

Like Cisco in the Dot Com era… 

Nvidia is now “priced for perfection.”

It must continue to grow and execute flawlessly to maintain its current valuation. Anything less than perfection will likely lead to enormous losses for investors. 

It's the same story for the other AI-related firms… 

Microsoft and Adobe (trading at roughly 11x sales), Atlassian (14x), Palantir (16x), (14x), and Snowflake (22x). 

Betting on perfection is a fool's errand in any environment. But it's especially hazardous in today’s uncertain market. 

Despite this, investors fuelled by fear of missing out and dreams of quick riches, continue to pour money into Nvidia and other AI firms. 

That’s the problem with bubbles… 

And what makes them so hard to resist…

There is always some truth behind the hype. 

The Dot Com bubble birthed the internet. The mobile bubble birthed the iPhone. The crypto bubble birthed Bitcoin. 

And there’s zero doubt in my mind that artificial intelligence will also, eventually, birth many disruptive new products. 

But before that happens, the bubble will pop. 

There will be a mass extinction event and only a few businesses will make it to the other side.

Consider the crypto market where literally thousands of projects that promised to revolutionize industries and be “the next big thing” have crashed to zero. 

Or the Dot Com Bubble when hundreds of tech firms held IPOs each year, almost all of which went bankrupt when the bubble bust, and even many of the survivors still trade well below their highs: 

  • Intel – 59% below dot-com peak. 
  • Cisco – 39% below dot-com peak.
  • ​Sun Microsystems - sold for 97% below dot-com peak.

Even Microsoft that “only” fell 75% from its peak took 17 years to surpass its dot-com highs. That’s almost two decades of flat or negative returns.

So although Nvidia will likely remain one of the dominant players in the artificial intelligence market… 

In order to make a sizeable return on your investment now, Nvidia needs to execute flawlessly for years to come. 

History tells us this is unlikely. And I believe investors caught up in the hype of AI could see catastrophic losses when the bubble eventually pops. 

Remember, when the Dot Com bubble burst the NASDAQ plunged 77%. 

Blue-chip darlings like Sun Microsystems collapsed by 90% or more.

Hundreds of hot stocks vanished altogether…, WebVan, eToys, Boo, Kozmo… the list of “revolutionary” companies that went bust is endless. 

When all was said and done, the wealth of an entire generation of overeager investors was decimated – and it’s the same story with every bubble. 

You can be directionally right, you can be correct in your analysis that a technology will change the world, but the price you pay matters. 

Even the best businesses are terrible investments if you pay too much for them.

And right now millions of investors are rushing into grossly overvalued artificial intelligence and tech stocks that have almost zero chance of maintaining their current value. 

So unless you can weather a 50% (or more) decline in your investment and can afford to wait 10 years (or more) for your bet to pay off… then I’d urge you not to invest in overhyped artificial intelligence firms. 

You see, there are artificial intelligence investments that will make investors a fortune in the years to come but it’s too early and too risky to tell who the winners will be. 

What is clear right now, however, is the companies you should avoid at all costs – the ticking time bombs in your portfolio that could crash to zero when the music stops. 

The companies who’ve jumped on the AI bandwagon as a way to drum up new investment, inflate their valuations, and capitalize on the mania…

That’s why I want to give you a brand-new research report my firm has produced – and why I urge you to read it now before it’s too late.

It’s called Artificial Illusion.

Inside this special briefing you’ll get an unflinching view into what’s really going on in the artificial intelligence markets, why much of what you’re being told is a lie, and how you can see through the hype.

My analysts and I detail the sector in a way you’ve never seen before…

We analyze the current market (and the key companies in it) with a sober, unbiased view that cuts through the hype and misinformation that is leading most investors down a dangerous path.

We detail the companies you must avoid at all costs… along with the companies who could benefit from AI over the long-run.

These are not investment recommendations but rather firms you want to keep an eye on in the months and years ahead.

The companies my team and I are watching because of how they’re applying advancements in artificial intelligence to strategically grow their already exceptional businesses…

… and that once the mania of the sector crashes and valuations return to earth we will consider buying.

In fact, there are three companies in particular that we’re carefully monitoring… and along with your copy of Artificial Illusion I’d like to send you our research analysis of each.

The first is a fintech company that’s on its way to becoming a $1 trillion powerhouse - an undisputed leader in its field thanks to recent advancements in AI.

The second is a cosmetic firm whose proprietary algorithm has enabled them to grow their earnings nearly every year for the last decade.

The third is an equipment manufacturer that, believe it or not, may end up literally saving the world 20 years from now.

Nobody else – whether it’s the mainstream press, investment bank, Wall Street firm, or independent financial publisher – is telling you this story but it’s critical you’re aware of it.

And in just a moment I’ll show you how to grab your copy of Artificial Illusion before it’s too late.

Remember, it was a freak snowstorm that decimated the cattle speculators in the 1880s. 

For Nvidia the threats range from competitors encroaching on its market share, to a global recession, to a Chinese invasion of Taiwan – an event that could wipe out 25% of Nvidia’s business overnight.

Forecasting the future competitive landscape of an emergent technology, or pricing in geopolitical risk is difficult.

In order to justify these current tech valuation, investors must grapple with a series of highly uncertain future scenarios.

And as I’ve shown you, the risk/reward for almost all these companies is simply not worth taking, especially when there are far superior opportunities available.


While AI and tech firms are grossly overvalued… 

There is one sector that is massively undervalued. 

It’s out of favor, and has been for years, but if you’re willing to go against the crowd, there are potentially outstanding opportunities available.  

I’m talking about once-in-a-decade opportunities.

In fact, the last time the set up was this “perfect” was in the late ‘90s.

As investors got swept up in the mania of the internet boom, they ignored other “old economy” sectors. 

By the peak of the Dot Com bubble, these “old economy” companies were at historically cheap valuations which were the inverse of the overvaluations in tech firms. 

Case in point, at the peak of the mania, the tech sector was trading at a price to sales (P/S) ratio of 7 and a price to earnings (P/E) near 60. 

The energy sector on the other hand was trading at a P/S near 1, and an average P/E well below 20. 

When the Dot Com Bubble burst there was a massive “mean reversion” that resulted in energy stocks exploding in value. 

Energy stocks not only outperformed tech stocks but also the broader market for most of the following decade. 

Investors who had been buying energy stocks at their historically low valuations (while everyone else poured into overhyped and overvalued tech stocks) made fortunes. 

The stage is now set for a similar opportunity. 

Except this time, the market return could be even greater. 

In fact, I believe this sector offers one of the greatest investment opportunities of the last decade. And I’m not the only one, Warren Buffett has spotted this unique opportunity too. 

Buffett’s recent energy plays are among the biggest he’s ever made. 

Consider this… 

Buffett's total cost basis for Coca-Cola was $1.3 billion. 

And he started buying Apple in 2016 and bought $6.7 billion that year.

Coca-Cola and Apple are right at the top of his signature stock picks and best performers. 

His energy investments in 2020 were over $29 billion. 

And this year he’s continued to load up on energy stocks with news of a $3.3 billion takeover of Cove Point LNG – a gas export terminal in Maryland.

Buffett knows supply and demand in the energy market hasn’t been this favorable since the 1970s.

Not only is the energy sector inexpensive relative to technology firms. It’s incredibly cheap on an absolute basis as well.

In fact, as the chart below shows, energy stocks currently offer a free cash flow yield of more than 13% – nearly double their yield in the early 2000s.

In other words, energy stocks are significantly better value today than they were back in 1999... and I believe offer even greater upside potential.

You see, for years now energy firms have been the #1 target of the radical left. 

Climate change zealots, progressive politicians, and their allies in the mainstream media have convinced millions of Americans that unless we abandon fossil fuels immediately the world will end.

But what the climate zealots fail to understand is that every single economic sector is influenced by energy. 

Travel, transportation, healthcare, education, manufacturing, medicine, engineering, agriculture, construction… none of them function without the energy sector. 

As analysts from Credit Suisse put it, without energy everything comes crashing to a halt. 

That’s why it’s been called “the single important driver of the overall economy” and why globally it’s a multi-trillion-dollar sector. 

And no matter how loudly liberal snowflakes scream about the need to transition to clean energy, it’s simply not happening any time soon.

Yes, everyone wants renewable, clean energy. 

But the cold hard fact is that there is ZERO chance of renewables producing enough low-cost energy to power the world – at least not in our lifetimes. 

As The Manhattan Institute reported: “Thinking that wind and solar can ever replace fossil fuels is nothing but an “exercise in magical thinking.” 

Even the former CEO of the Clean Energy Council has come to face to face with reality, admitting: “[It’s] a cage fight with the laws of physics.”

Of course, those who have decided that fossil fuels are quite literally the end of humanity don’t care for these facts. 

The Ivy League elites continue to lecture us that wind and solar are the ONLY way forward. 

But let’s look at the data: 

Recent research has shown that after two decades of intense support for increased renewable energy …  

The proportion of energy provided by these “clean sources” went from a paltry 13-14% to… get this… 15.7%. 

That’s after global investment and spending on these clean energy solutions hit an estimated $1.4 trillion in 2022.

Furthermore, reports show if all governments – yes, all of them – deliver on their current climate policies, the world will still only derive 28% of energy through renewables by 2050. 

The timeline to 100% clean energy?


Almost 200 years from now. 

And that’s based on the most optimistic of projections… along with the hope that every country will commit to this green energy utopia. 

Tell me, do you think India, China, Russia, Qatar, and Saudi Arabia are on board with this plan? Of course not, it’s laughable. 

Just look at China… 

Their leadership makes bold pledges to carbon neutrality and clean energy in order to placate the wailings of the West…

But in reality they’re doubling down on fossil fuel production to secure their energy security.

As Bloomberg reports: 

“[China] put more new coal plants into operation last year than the rest of the world combined, and its proposed new coal mines account for almost a third of the global total.”

Yet those worshiping at the altar of the climate ignore these real-world facts.  

They ignore reality and continue to live in their idealistic bubble that every country in the world will suddenly “go green”…   

They ignore the fact carbon-based power has lifted billions from poverty over the last 50 years. 

They ignore the fact fossil fuels still provide more than 80% of the world’s energy supply… 

Or that, according to Ronald Stein, the Pulitzer Prize-nominated author: 

“Trying to live without fossil fuels could “result in billions, not millions, of fatalities from diseases, malnutrition, and weather-related deaths.” 


To the activist class the time for action is now, consequences be damned. 

And the result of their fear-mongering and public pressure has seen capital investment into fossil fuels plummet. 

Goldman Sachs reports oil and gas firms are investing 40% less of their cash flow than they have done in their long-term history. 

Natural Gas Intel shows how capital investment into new oil and gas production has plunged in recent years.

This has created huge supply-demand issues.

Not only has progress in the “old” energy sector been suppressed due to years of anti-fossil fuel propaganda and activist pressure… 

But investment in new facilities, new exploration, new drilling, and new infrastructure has been at all-time lows. 

Right at a time when the world economy needs more energy than ever before…

This supply-demand reality is unavoidable and investors who position themselves correctly could potentially see significant returns in the years ahead.

Because history shows the best time to invest in any sector is precisely when it’s undervalued. 

And right now, with the money out chasing tech stocks…  

Both institutional and individual investors have left the boring “old economy” sectors like energy in the dust in favor of new darlings like Nvidia. 

Energy is by far the cheapest sector in the S&P 500… 

My team and I are monitoring several companies that we believe could be the winners of this mounting supply-demand issue. 

Again, these are not investment recommendations (only our paying members get our active buy and sell alerts) but are instead our favorite companies in the sector.

And I want to detail each of them for you so that you can add them to your investment watchlist – whether they’re right for you or not is your decision to make.  


The first opportunity is a dirty energy “fortress.”

It’s a tremendous opportunity to capitalize on the repeated failure of woke, modern energy policies. 

You see, despite the trillions of dollars spent on renewable energy investments and tax incentives… 

Alternative energy like wind and solar have failed to make even a dent on fossil fuel consumption.

According to Goldman Sachs over the last decade, a staggering $3.8 trillion has been invested into renewable energy sources. 

During that same ten years, guess how much the percent of global energy consumption from fossil fuels fell?

Exactly 1%. 

From 82%... all the way down to 81%.

Yet despite this failure, governments around the world – especially in Europe – continue to block the development of fossil fuels. 

This has created a huge distortion in the energy market – including last year’s global gas shortage, which sent prices for natural gas and liquefied natural gas (LNG) to new record highs. 

And while the pain of global LNG shortages were postponed thanks to one of the warmest winters on record, the gas shortage is still coming – it’s unavoidable. 

Even in early 2021, the writing was on the wall when research firm S&P Global Platts forecast that LNG demand would exceed supply through at least 2025. 

And this was before the Russian invasion of Ukraine. 

The Western sanctions on Russia took vast swaths of their gas and oil out of circulation, putting even greater pressure on the already fragile EU energy markets.  

Russian natural gas imports into Europe and the United Kingdom dropped by 50% in 2022 versus the prior five-year average:

Now, Europe has to replace a record amount of missing Russian gas, which will only intensify that demand in the years ahead.

As Exxon Mobil CEO Darren Woods emphasized at a Wall Street Journal CEO Council Summit…

““You look around the world, and the balance is, the world will be short [of liquefied natural gas] probably through 2026… 

That’s how we’re seeing that balance play out – it just takes time to bring these very large, capital-intensive projects on stream.”

Europe replacing Russian gas represents one of the largest re-shuffling of global energy flows in history… and it will have major implications on energy prices for years to come.

And our analysis reveals there is one company that’s going to benefit more than any other.  

It’s a dirty energy fortress that institutional investors would love to own but fear the backlash they would receive from the woke climate crusaders and ESG tyrants. 

As a result this unique “energy fortress” is priced at near-historic lows… and has potentially huge upside potential in the years ahead. 

– It holds a near-monopoly on one “dirty” fossil fuel.

– It generated $1.6 billion in free cash flow over the last year.

– It will be essential to the global economy in the years ahead. 

Better still, with the supply and demand characteristics of the energy markets at perhaps the best they’ve ever been, this company is looking at years of growth.

The market rarely offers opportunities like this.  

That’s why I’ve put together all the details inside this new briefing. 

It’s calledA Dirty Energy Fortress… 

Inside you’ll get all the details of this exceptional, albeit despised, company that could reap windfall profits as the global energy markets realize the failure of green energy. 

I’ll explain how years of progressive energy policies combined with the mania around tech stocks has set the stage for a multi-year rally in the energy sector. 

You’ll get a complete breakdown of this "Dirty Energy Fortress"... including its financials, the macroeconomic environment, the risks, and the upside potential. 

However, this is just one of the companies we’ve been monitoring here at Porter & Co.

There’s a second way to capitalize on the historically low valuations of the energy sector. 


Warren Buffett has been investing in energy like never before.  

He’s been adding to his Occidental Petroleum holding hand over fist and just completed a $3 billion takeover of a Maryland-based LNG export terminal. 

Now you can buy what Buffett is buying, and you’ll likely do very well. 

However, Occidental is a mega-cap stock. And it’s no secret that Buffett loves it. Which, of course, limits its upside potential.

So while OXY remains a great investment, there is a secret to potentially making far greater profits in energy companies. And I’d bet not more than 1 in 1,000 investors knows about it. 

I learned the secret from legendary energy tycoon T. Boone Pickens.  

The secret he shared with me is a way to separate the cash flows from the overhead and the risks of the oil business. 

And I believe it’s ideal for the months and years ahead…  

You see, even as governments around the world attempt to limit “dirty energy”, they can’t escape reality.

Fossil fuels are what powers the global economy, providing more than 80% of the world’s energy supply.  

What legendary oil man, T. Boone Pickens, taught me remains one of the best ways to take advantage of this.    

It’s a special way to turn a capital-intensive business into a capital-efficient one.  

The key to understanding these businesses is that they don’t have to pay any of the production costs or take any developmental risks. 

They own the mineral rights, and all capital and operating expenses lie with the operator. 

And that means, as inflation continues to drive energy prices higher, the mineral rights they’ve acquired in the past become more and more valuable. 

These royalty companies can make investing in oil and gas much safer. 

They transform a capital-intensive industry into a capital-efficient one that’s virtually guaranteed to produce increasing returns across time. 

In fact, these “companies” aren’t really businesses at all. 

They are just a legal fiction that can generate enormous wealth by separating the value of the resource from the risk and expense of production. 

Well-run mineral rights businesses are truly one of Wall Street’s greatest secrets.

Case in point, the leading Permian Basin royalty company has averaged an incredible 77% free cash flow margin over the last five years... 

And since going public in 2014, its production figures have grown nearly 10-fold, from average daily volumes of 3,000 barrels of oil equivalent to 28,000 in just eight years

Investors have reaped the benefits, with the stock outperforming the broader energy sector by a factor of 3.5 to 1 since its inception as a public company. 

But this isn’t all you’ll discover inside Cold War 2.0…

This briefing features two energy royalty companies:

The first is, in my opinion, the best oil and gas royalty company in the energy sector. 

It’s one of the most capital-efficient businesses you’ll find anywhere, with 80% free cash flow margins. 

It currently trades at a 15% free cash flow yield – the best valuation since the COVID-19 pandemic.

The second is one of America’s largest natural gas mineral owners, with an asset base spanning 20 million gross acres across 41 U.S. states. 

Its capital-efficient royalty model converts over 60% of revenue into free cash flow, and the company is enjoying rapid growth due to rising U.S. LNG exports. 

It has a pristine balance sheet with no debt, pays a 12% yield, and trades for less than 9x free cash flow. 

All the details of these two energy companies are inside COLD WAR 2.0, but that’s not all I’ve set aside for you today… 


Currently in the U.S, there are only 8 LNG export terminals. 

The newest is Venture Global’s Calcasieu Pass in Louisiana – and it is privately owned. 

There are, however, two other new LNG plants that are approved and currently under construction. 

And these are both publicly traded. 

One belongs to a partnership between super-major oil company ExxonMobil and Qatar. Called “Golden Pass,” it’s located along the Gulf Coast at Sabine Pass, Texas.  

You can, of course, invest in ExxonMobil. 

But it is such a huge company that even if it makes a lot of extra money with this new LNG facility, it probably won’t “move the needle” for Exxon’s share price. 

But the other new, fully-permitted LNG facility that’s being built is owned by a small company – a start-up, whose founder, as I mentioned, has experience building greenfield LNG facilities. 

This new company – known as “Driftwood” in energy circles – has a unique business model that’s designed solely to serve international markets for energy. 

Its plan is to acquire natural gas wells in the Haynesville shale (in northeast Louisiana) and transport that production via pipeline to a new LNG plant it’s building on the Gulf Coast. 

The Driftwood pipeline and LNG plant is a $12 billion piece of energy infrastructure that has the potential to become one of the most valuable energy infrastructure facilities in the world.

It’s going to be financed, in part, from its own natural gas production. 

And, most likely, the project will be purchased, even before it’s completed, by a super major, like Shell, which has spent 50 years developing LNG assets all around the world. 

However, this is still a very small company. It is very speculative.

Moves up or down of 50% or %80 or more won’t be unusual, as prices for natural gas change, as prices for LNG change, and as financing options for the Driftwood facility materialize. 

The next big move for the stock will come when it announces major funding for the next phase of the project. When that will happen, nobody knows. And it may never happen. 

But an announcement like that could come at any time. 
And as I detail inside THE NEXT LNG GIANT, if it does happen I believe this company could be worth at least $100 billion in ten years.


Typically, for access to my firm’s research, you would need to invest $1,425 per year.

And while we have thousands of members from all over the world, we are well aware that our work is out of reach for many people.

That’s fine. Our research is not for everyone. We typically cater to a smaller, more elite group of investors.

However, the stories I’ve told you about today is something I believe every person should have access to.

Because with everyone running headlong into a bubble in artificial intelligence and tech stocks…

A rare window of opportunity has opened up in the energy sector with firms trading at insanely low valuations.

That’s why – for one of the first times in my firm’s history – we are giving you access to our research without the $1,425 fee.

That’s right, I want to give you access to these three special briefings – without you needing to join my financial research service.

Let me explain… 

Almost three decades ago I started a small financial research firm from my kitchen table. 

That company grew to become one of the world’s largest, independent financial research firms with millions of subscribers all around the world.

And during that time, I’m proud to say we helped countless people from all walks of life grow their wealth significantly. 

However, in December 2020, I retired to allow my firm to continue growing as a public company, renamed “MarketWise.” 

My old firm went public in July 2021, in a $3 billion NASDAQ IPO. 

While I’m proud of that business (and continue to be among the largest shareholders), I prefer the independence of running my own small shop. 

That’s why, after a brief retirement, I decided to start a new firm in the headquarters of my tractor barn. 

Nobody gets to tell me what I can and can’t write… and I don’t have to meet any demands for growth. 

We have zero meetings. We just work together – literally all sitting next to each other in the hay loft – to research and publish major investment ideas. 

We are searching for big themes that will last a decade or longer. 

We want to identify ideas that we believe are way ahead of the market and that our readers will not find anywhere else. 

I own Porter & Co. — and with a little help from you, it will remain that way.  

At this point in my career, my independence and the ability I have to serve you – and only you – is the most valuable trait I have to offer you. 

I cherish that freedom, and I believe it will create a much better outcome for you too.

These are all quintessential “Porter Stories.” 

They are the kind of major ideas I have focused on my entire career, and as my track record proves, can make early investors a lot of money.

I’m not interested, personally, in trying to jump on the latest craze or invest in a small stock that’s going to go up a little next week. 

I want to find opportunities that I can invest in for years and years that can generate real, lasting wealth. 

The kind of wealth that I can depend on, that I can plan on, and that can sustain my family for decades, no matter what happens to the economy. 

If that’s what you’re looking for too, then I want to make you a very special offer that we’ve never made before at Porter & Co.

As I mentioned earlier, access to my firm’s research typically costs $1,425 per year. 

But because the opportunities I’ve focused on today are so important, and so urgent… 

I want to make sure that as many people as possible can get their hands on these new research briefings. 

That’s why, instead of investing $1,425 for access, you can get instant access to these new briefings for just one investment of $199… 

That’s an 89% discount. 

A savings of more than $1,200. 

And that’s all you’ll ever pay. There’s no ongoing fees, no annual subscriptions. Nothing. For just one small investment you get access to…

Now to be clear: this is the one of the first times we’ve ever made an offer like this. And it may be the last. 

We invest millions of dollars per year in our research and giving it away for so little is not how we typically operate. 

That’s why I suggest you take advantage of this special discounted offer while it’s still available. 

All you have to do is click the button above now.  

You’ll be taken to a secure, encrypted webpage where you can review everything waiting for you and take advantage of this offer.

After you purchase these briefings, I’m also going to add you to an exclusive, private newsletter. 

This access-pass costs you nothing but will give you ongoing research advice from the analyst team here at Porter & Co. 

Every week you’ll get a briefing exploring the most important, yet often overlooked, factors influencing the markets.  

Outside of research teams inside hedge funds, banks, and private equity firms, there’s no one producing research like this.  

We invest millions of dollars each year to bring you the best, most valuable, and potentially profitable research available. 

Our team includes Wall Street legends like Martin Fridson, former fund managers, Fortune 100 consultants, and more. 

And you’ll get this weekly report sent directly to you – forever – when you accept today’s special offer. 

What’s more, you’ll also get access to one more special briefing that, until now, has been reserved for our paying members. 



This is one of my most controversial reports ever...

It reveals a nearly foolproof way to profit on the growth of poverty in America.

It details a subprime auto lender. Now, owning shares of a business making subprime loans to poor people isn’t going to endear you to the progressives.

But I don’t care… 

This business is phenomenal. 

It’s profitable, capital efficient, and generated 63% free cash flow margins over the last five years, and today trades at just 13x earnings. 

And when you take advantage of this special offer you will get instant access to this bonus investor briefing, at no extra cost.

Just click the button below now to secure your massive $1,200+ discount… your bonus reports… your bonus newsletter access… and everything discussed today. 


  • 87% DISCOUNT on Porter Stansberry's research
  • Saving of more than $1,200 (access usually costs $1,425)
  • Special Briefing:  The AI Illusion  
  • Special Briefing:  The $1 Trillion Powerhouse  
  • Special Briefing:  The Prettiest Stock on Wall Street  
  • Special Briefing:  The Apple of Agriculture  
  • Special Briefing: A Dirty Energy Fortress 
  • Special Briefing: Cold War 2.0 
  • Special Briefing: The Next LNG Giant
  • ​BONUS Report: The Goldman Sachs of White Trash
  • ​Weekly investment insights from Porter Stansberry
  • Plus much, much more.

Get it now for $1,425 $199

To take advantage of this special discounted offer, simply click the button below  now while it’s still available. 

Or, if you prefer, you can call my office to speak with my team. 

All the details are listed on the next page, so go ahead and click the link below now while this offer is still available.  

I look forward to serving you. 


Porter Stansberry 

  • 87% DISCOUNT on Porter Stansberry's research
  • Saving of more than $1,200 (access usually costs $1,425)
  • Special Briefing:  The AI Illusion  
  • Special Briefing:  The $1 Trillion Powerhouse  
  • Special Briefing:  The Prettiest Stock on Wall Street  
  • Special Briefing:  The Apple of Agriculture  
  • Special Briefing: A Dirty Energy Fortress 
  • Special Briefing: Cold War 2.0 
  • Special Briefing: The Next LNG Giant
  • ​BONUS Report: The Goldman Sachs of White Trash
  • ​Weekly investment insights from Porter Stansberry
  • Plus much, much more.

Get it now for $1,425 $199

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