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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (113601)	9/24/2021 1:31:43 PM
From: Goose94	Read Replies (1) \| Respond to of 203020

Crude Oil: is in a multi-year bull market: demand will reach pre-COVID levels by mid-2022 while supply growth is highly challenged. Investor and ESG pressures are restricting U.S. shale growth potential to about 0.5MM Bbl/d while OPEC which sits on ~4MM Bbl/d of spare capacity is set to exhaust it by the end of 2022. Further, non-OPEC/US production which accounts for 40 per cent of global supply is in a multi-year plateau/decline as companies prioritize return of capital and decarbonization over production growth. The fear of peak demand is leading to the reality of peak supply and the world is hurtling towards an energy crisis which will result in all time high oi prices. We stand on the cusp of meaningful shareholder returns given egregious levels of free cashflow being generated by industry and this could serve as a catalyst to awaken the generalist investor from their apathetic coma. Energy stocks are cheaper today after having rallied by 100 per cent+ in many cases than they were on Jan. 1, 2021. Trading at an average 2.9x EV/CF and 30 per cent free cashflow yield at $70WTI investors are getting free optionality to higher oil prices in the years ahead…we do not need oil to rally further for energy stocks to increase by another 100 per cent over the next year. Eric Nuttall on BNN.ca Market Call Friday Sept 24th @ 1200ET