1G
Here is a wild compilation of my current "hot takes" on oil:
As much as I am a fan of the green energy revolution, it will remain a castle in the air in many countries. There is simply too little copper, which is now experiencing additional strong demand from the AI and smelting sectors.
The huge oil deposits in Venezuela: very expensive and time-consuming to transport and refine.
Shale output in the USA has been declining significantly for years.
Projections show that with the current political course, peak oil is much further in the future than previously forecast...
The future of oil lies in cost-efficient projects that can deliver a stable output for the foreseeable future.
Canada, for example, is strongly positioned with its oil sands producers (breakeven cost in some cases at $40 per barrel) and I am currently looking for further investment opportunities there.
I have been overweighting oil in my portfolio for several years and am now around €240k long.
Thanks also for the introduction. I didn't know the company yet!
As much as I am a fan of the green energy revolution, it will remain a castle in the air in many countries. There is simply too little copper, which is now experiencing additional strong demand from the AI and smelting sectors.
The huge oil deposits in Venezuela: very expensive and time-consuming to transport and refine.
Shale output in the USA has been declining significantly for years.
Projections show that with the current political course, peak oil is much further in the future than previously forecast...
The future of oil lies in cost-efficient projects that can deliver a stable output for the foreseeable future.
Canada, for example, is strongly positioned with its oil sands producers (breakeven cost in some cases at $40 per barrel) and I am currently looking for further investment opportunities there.
I have been overweighting oil in my portfolio for several years and am now around €240k long.
Thanks also for the introduction. I didn't know the company yet!
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@BigMo Thank you for your explanation!
A great position! Hats off 🤯
You're welcome! ☺️ It's definitely worth a look! ☺️
A great position! Hats off 🤯
You're welcome! ☺️ It's definitely worth a look! ☺️
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