A Wild Ride In The Oil Market | Josh Young
On today's episode of Forward Guidance, Josh Young Chief Investment Officer & Founder of Bison Interests joins the show for a deep dive into the oil and gas industry. After a record year in 2022 for oil & gas, with energy being the best performing sector, 2023 has sent investors on "a wild ride" with crude oil retracing gains from its high of around $120 to around $75.\n\nJosh walks through the relative performances of the oil majors, and the small/mid size cap companies he specializes in. As many oil & gas companies have restructured their balance sheets and paid down overhanging debt, is the stage set for an outperformance of the oil & gas companies that incurred tougher times throughout the previous decade. To hear all this and more, you'll have to tune in!\n\u2014\nFollow Josh: https://twitter.com/Josh_Young_1\nFollow Jack Farley on Twitter https://twitter.com/JackFarley96\nFollow Forward Guidance on Twitter https://twitter.com/ForwardGuidance\nFollow Blockworks on Twitter https://twitter.com/Blockworks_\n\nGet top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://rb.gy/5weeyw\n\u2014\nApply to host the \u201cLightspeed\u201d podcast on Blockworks at https://blockworks.co/careers\n\nUse code GUIDANCE10 to get 10% off Permissionless 2023 in Austin:\nhttps://blockworks.co/event/permissionless-2023\n\nResearch, news, data, governance and models \u2013 now, all in one place. As a listener of Forward Guidance, you can use code GUIDANCE10 for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/\n\u2014\nReferenced In The Show:\n\nThe Bottomless Well: The Twilight of Fuel, the Virtue of Waste, and Why We Will Never Run Out of Energy: https://www.amazon.com/Bottomless-Well-Twilight-Virtue-Energy-ebook/dp/B009TCWKLC\xa0\n\u2014\nTimestamps:\n(00:00) Intro\n(00:21) A wild Ride In The Oil Market\n(05:34) Oil Companies Profitability vs A Decade Ago\n(15:22) Are O&G Companies Investing In R&D, Or Share Buybacks?\n(18:57) Natural Gas\n(23:58) Are Rising Production Costs Impacting O&G Companies?\n(28:50) Permissionless\n(29:53) Searching For Low Decline Producers In The Oil Market\n(33:28) Baytex Energy (BTE)\n(40:45) Josh's Oil Price Outlook\n(56:19) Blockworks Research\n(57:19) Investing In O&G Companies In The U.S & Canada vs Rest of World\n(01:08:03) Overrated O&G Companies In The Small & Mid Cap Industry\n\u2014\nDisclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.