@MRAfunds released a fabulous report titled “The Road Ahead for Natural Resources” in Jan.
In this thread, we will cover some of the main points of the report.
Fasten your seatbelt.
Here we go 😊
H/T @ankush_iitb
In this thread, we will cover some of the main points of the report.
Fasten your seatbelt.
Here we go 😊
H/T @ankush_iitb
1/
“When the whole world is running towards a cliff, he who is running in the opposite direction appears to have lost his mind.” -C. S. Lewis
The Lost Decade for Resource Equities
“The cure for low prices is low prices”
“When the whole world is running towards a cliff, he who is running in the opposite direction appears to have lost his mind.” -C. S. Lewis
The Lost Decade for Resource Equities
“The cure for low prices is low prices”
2/
“Capex for public natural resource companies, in spite of the most accommodative broader capital markets in history, have fallen >60% since peaking in 2012 to levels not seen since the early 2000s.”
“Capex for public natural resource companies, in spite of the most accommodative broader capital markets in history, have fallen >60% since peaking in 2012 to levels not seen since the early 2000s.”
3/
“Monetary & fiscal responses have channeled almost exclusively to Fin assets, resulting in commodities plunging to their lowest levels relative to equities in the last 50 yrs.”
“Monetary & fiscal responses have channeled almost exclusively to Fin assets, resulting in commodities plunging to their lowest levels relative to equities in the last 50 yrs.”
4/
“The most durable & powerful commodity bull markets are those built, not on rapidly rising demand, but on structurally constrained supply”
“Quick guys get tired. Big guys don’t shrink.” –Marv Harshman, a basketball coach, on his preference for tall players over fast ones
“The most durable & powerful commodity bull markets are those built, not on rapidly rising demand, but on structurally constrained supply”
“Quick guys get tired. Big guys don’t shrink.” –Marv Harshman, a basketball coach, on his preference for tall players over fast ones
5/
“Bloomberg New Energy Finance estimates Wind, Solar, and other renewable technologies will account for virtually all of the electric generation capacity growth over the next 30 years.”
“Bloomberg New Energy Finance estimates Wind, Solar, and other renewable technologies will account for virtually all of the electric generation capacity growth over the next 30 years.”
6/
“There are many areas of real assets that will benefit from the growth in ReNew that offer more value than the wildly popular wind, solar, & hydrogen stocks.”
“While PM’s are warming to commodities as a whole, their distaste for energy equities remains quite strong.”
“There are many areas of real assets that will benefit from the growth in ReNew that offer more value than the wildly popular wind, solar, & hydrogen stocks.”
“While PM’s are warming to commodities as a whole, their distaste for energy equities remains quite strong.”
7/
“People are always asking me where the outlook is good, but that’s the wrong question. The right question is where is the outlook most miserable.” – John Templeton
“People are always asking me where the outlook is good, but that’s the wrong question. The right question is where is the outlook most miserable.” – John Templeton
8/
There is little doubt that wind, solar, hydrogen & other green technologies will grow fast.
Intensive use of a broad array of metals and materials critical to development of renewable energy alternatives is shared in the pic.
There is little doubt that wind, solar, hydrogen & other green technologies will grow fast.
Intensive use of a broad array of metals and materials critical to development of renewable energy alternatives is shared in the pic.
9/
“One of the most attractive ways to express optimism regarding the growth in the green economy is via equities with exposure to large economic deposits of copper, cobalt, nickel, rare earths, silver, platinum, tin, and other materials.”
“One of the most attractive ways to express optimism regarding the growth in the green economy is via equities with exposure to large economic deposits of copper, cobalt, nickel, rare earths, silver, platinum, tin, and other materials.”
10/
India
1. Top 10 Mining/Mineral/Metal Players
2. Top 5 Non-Ferrous Metal Players
3. Top 3 Steel Players
Most of them underperformed in the last 10 years.
Would you bet on any of them now?
Link of the article: bit.ly/3covrAm
L&R if you enjoyed 🙂🙏
End
India
1. Top 10 Mining/Mineral/Metal Players
2. Top 5 Non-Ferrous Metal Players
3. Top 3 Steel Players
Most of them underperformed in the last 10 years.
Would you bet on any of them now?
Link of the article: bit.ly/3covrAm
L&R if you enjoyed 🙂🙏
End
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