A Sample — Not a Complete Record
These are only a handful of illustrative calls drawn from roughly five years of dated energy columns. They are selected examples, not a complete, audited, or representative track record, and they are shown alongside documented misses on purpose.
Nothing here is financial advice or a solicitation. Past results do not indicate future performance. Most positions carried the option of covered-call overlays, so realized returns if you followed this strategy were lower — and steadier — than the raw price moves suggest. Year-end analysis documented returns between 18-32% ROI (available upon request)
The Calls
Dated, published, and verifiable against the tape.
Cheniere Energy (LNG)
Nov 2019 — re-quoted Oct 5, 2021
Natural gas is the destination
“One day, you’ll wake up to Cheniere trading $85 on its way to $110 and you’ll wonder what happened. The answer will be nothing except the market finally got the story.”
Written when LNG traded around $60. It cleared $85, then $110, and kept going — an all-time high of $300.89 (March 2026), about $240 today.
~$60 → $300.89 all-time high
Range Resources (RRC)
Dec 28, 2018 → Mar 1, 2022
Low-cost dry gas, carried for years
“This is still a fine time to begin a position in natural gas stocks… I will still use my old friend Range Resources (RRC) as a guide and exhort you to USE COVERED CALLS to supercharge your returns.”
The same name, same rationale, held across the whole window. RRC bottomed near $1.61 in March 2020 and trades around $41 today, through the full 2022 gas run.
Carried from the teens → ~$41
Centrus Energy (LEU)
Oct 22, 2024 → Dec 3, 2024
Nuclear / HALEU inevitability
“The big move last week of Centrus (LEU) has changed my mind on timing. I’m now looking at these stocks aggressively for the first time, well – ever.”
Flagged before the run, hunting an entry “near $70… under $80.” LEU ran to an all-time high of $464.25, and sits near $185 now — still well above the entry zone.
~$70–80 entry → $464.25 peak
MP Materials (MP)
Dec 3, 2024
Rare earths / China trade war
“Stocks like MP Materials… an excellent play, even at double the price of their recent low… I plan on doubling down on that investment today.”
Written with the stock near $20. The Pentagon later became MP’s largest shareholder and Apple signed a magnet deal; the stock reached a 52-week high of $100.25, about $69 now.
~$20 → $100.25 high
Southern Copper (SCCO)
Sep 7, 2022
Copper recovers first
“Buy SCCO @ $45… stocks like Southern Copper are so damn cheap, we can afford to hold them for the dividend — and with options still in the 40% range.”
An explicit, dated entry at $45. SCCO later reached a 52-week high of $223.89 and trades near $175 today — before counting the dividend.
$45 entry → $223.89 high
Constellation Energy (CEG)
Jan 9, 2024
Nuclear-backed power, ‘utility with growth’
“Buy Constellation (CEG) @ $116… It is a ‘utility’ with growth and worthy of a part of our portfolio.”
An explicit, dated buy at $116, before the 2024–25 data-center / nuclear repricing. CEG hit an all-time high of $402.32 (Oct 2025), about $267 now.
$116 entry → $402.32 high
First Solar (FSLR)
Jul 24, 2020 → Jan 9, 2024
Renewables — only on a real discount
“Buy First Solar (FSLR) @ $165… supplemental to our energy portfolios and not a core investment (so take it easy).”
Method, not dogma. From the $165 January 2024 entry, FSLR ran to an all-time high of $300.71 by June 2024 — +82% in five months — about $233 now. An earlier 2020 note had flagged it near $59–60.
$165 entry → $300.71 (+82% in 5 months)
Exxon & the value rotation (XOM)
Dec 15, 2020
Buy energy when everyone hates it
“A swap from growth assets… into VALUE… a trend that, if it breaks out, can dominate 2021 — and virtually NO ONE is giving it much credence.”
Called at the bottom of sentiment. 2021–22 became one of the great energy-sector runs in decades; Exxon roughly doubled off late-2020 levels into 2022.
Called the bottom of energy sentiment, Dec 2020
The ‘dash for trash’ discipline call (2020)
Jun 8, 2020
Judgment on the same tape
“Not all the ‘trash’ out there is worthy of ‘dashing’ towards…” — keep Occidental and Transocean for their asset value; the other names are ‘just two more of the oil patch’s walking dead.’”
Mid-rally, he separated the names worth holding from the ones to sell. The asset-rich names he kept recovered far better than the “walking dead” he flagged to exit. The value here is the judgment, in real time, on the record.
Real-time discrimination that held up
Important disclosures. Matrix Energy Partners and Dan Dicker publish for informational and educational purposes only. The material on this page is a limited, self-selected sample of past published commentary and is not a complete or audited performance record. Quoted entry prices and dates are taken from the original columns, which are provided here in full and unedited so the dates can be verified independently. Subsequent prices were cross-checked against public market data. Past performance is not indicative of future results. Nothing here is investment advice, a recommendation, or an offer or solicitation to buy or sell any security. Several names referenced may be current positions; their historical reasoning is shown, not current advice.