A Wild Ride In The Oil Market | Josh Young
b'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.'