The stances below are c8alpha's editorial distillation of Jeff Ubben's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Jeff Ubben is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances. “% correct” is the share of those scored calls whose direction-aware return was positive at the horizon — in a rising market a bullish call is correct by default, so read it beside the market, not alone.
Every tracked call with at least one matured horizon: the rows behind the Returns
line above. A dash is a horizon that has not matured yet.
2023-09-20
ENERGY
bullish
Jeff Ubben · video
Supply response to oil demand will be structurally muted because capital markets view hydrocarbons as a sunset industry, creating predictable cash flows for a company still facing global demand growth from 7 billion non-Western consumers, while Exxon's carbon…
“once you get comfortable with the cash flow, and it's not up and down cash flow, but it's a predictable cash flow”
90d -4.9% · 180d +2.6% · 1y +0.9%
Episode 379: Famed Investor Jeff Ubben of Inclusive Capital Partners, on Climate & Capital
2023-09-20
OCI
bullish
Jeff Ubben · video
OCI's $1.1B greenfield blue ammonia plant in Beaumont, Texas is expected to generate a $350M annual return enabled by IRA subsidies and EU carbon pricing, yet the public market ascribes zero or negative value to this near-term (2-year) cash flow stream…
“the public markets has valued it at zero. It's actually kind of a negative cuz you're putting the capital out before the cash flow comes in”
Episode 379: Famed Investor Jeff Ubben of Inclusive Capital Partners, on Climate & Capital
2023-09-20
ICE
bullish
Jeff Ubben · video
ICE's energy exchange and data franchise is mispriced relative to structurally elevated energy volatility caused by chronic underinvestment, while its dominant environmental markets position (98% of EU carbon trading, ~95% of US RINs and LCFS credits) gives…
“that thing can grow 15% a year for many many years to come”
90d +7.7% · 180d +17.3% · 1y +39.5%
Episode 379: Famed Investor Jeff Ubben of Inclusive Capital Partners, on Climate & Capital
2023-09-20
BAYN
bullish
Jeff Ubben · video
Bayer's Monsanto subsidiary is a keystone climate-adaptation franchise whose seed library, traits platform, and incoming gene-editing pipeline are essential to feeding 8 billion people on shrinking arable land with less water and methane, making it a…
“Monsanto is one of the great climate adaptation franchises out there”
Episode 379: Famed Investor Jeff Ubben of Inclusive Capital Partners, on Climate & Capital
2021-02-10
ENERGY
bullish
Jeff Ubben · video
Major oil producers already hit 30-year stock-price lows in 2019 despite solid financial returns as ESG screens drove divestment; their predictable hydrocarbon cash flows over the next 10-15 years combined with an ability to redeploy capital into…
“the carbon is a liability today but the carbon creates an opportunity... to turn it into an asset”
90d +18.1% · 180d +11.4% · 1y +60.2%
Jeff Ubben: A Look at Impact Investing Post COVID | SALT Talks #157
2021-02-10
AES
bullish
Jeff Ubben · video
AES trades at ~12x earnings versus NextEra at 35x for a nearly identical power-producer/utility profile; Ubben as board member is actively working to close the 20-PE-point valuation gap by pivoting AES toward a renewable energy identity that attracts ESG…
“if nextera trades at 35 times earnings and I'm on the board of AES and we traded 12 times earnings... what if I can make AES look like nextera”
90d -7.8% · 180d -11.6% · 1y -17.1%
Jeff Ubben: A Look at Impact Investing Post COVID | SALT Talks #157
2021-02-10
EVA
owns
Jeff Ubben · video
Enviva converts southeastern US timber waste into wood pellets shipped to global coal plants as a decarbonization bridge fuel; with customers like Drax capturing combustion carbon underground, the model becomes a net-carbon-sink business that bridges to the…
“we're involved in a biomass company... that's a kind of a transition business until we get hydrogen up and running”
90d -0.7% · 180d +7.3% · 1y +39.4%
Jeff Ubben: A Look at Impact Investing Post COVID | SALT Talks #157
2021-02-10
APPH
owns
Jeff Ubben · video
Controlled-environment agriculture enables local food production, addressing water scarcity and supply-chain fragility while attracting long-term institutional capital (Fidelity, sovereign funds) that was previously unavailable to capital-intensive agriculture
“we have a controlled environment agriculture company just went public this week called AppHarvest”
90d -65.0% · 180d -66.4% · 1y -91.3%
Jeff Ubben: A Look at Impact Investing Post COVID | SALT Talks #157