Thinking about market booms…
Google compounding >25% a year since IPO, Facebook coming public at $100 billion dollar valuation, eventually SaaS IPO’ing at 60x sales…
Thinking back on the growth of shale more than a decade ago
Google compounding >25% a year since IPO, Facebook coming public at $100 billion dollar valuation, eventually SaaS IPO’ing at 60x sales…
Thinking back on the growth of shale more than a decade ago
Companies trading at multiples on production numbers, $2000 one bedrooms in 2013 in North Dakota, ‘Wildcat Billionaires’
Then on Black Friday 2014 the Saudi’s decided against cutting production…
I learned what it felt like to have my face ripped off 😂
Then on Black Friday 2014 the Saudi’s decided against cutting production…
I learned what it felt like to have my face ripped off 😂
Black Friday 2014 marked the start of the energy bear market for me…
Over the following years the bankruptcies piled up - Oasis, Magnum Hunter, Whiting, Chesapeake
I learned the anatomy of the ShitCo
Over the following years the bankruptcies piled up - Oasis, Magnum Hunter, Whiting, Chesapeake
I learned the anatomy of the ShitCo
Life went on… global oil demand continued to increase
…ESG…
Domestic underinvestment in energy resources persisted
Cyclical market inflections were becoming a matter of time
…ESG…
Domestic underinvestment in energy resources persisted
Cyclical market inflections were becoming a matter of time
…Continental Resources didn’t go bankrupt, neither did Antero Resources, or Peabody Energy…
The years of systemic underinvestment created the structural basis for an energy crisis
The years of systemic underinvestment created the structural basis for an energy crisis
In 2020 oil bottomed, even trading negative for a few hours, due to market structure dynamics around monthly futures contract pricing
Now we have $120/barrel oil and natural gas is going parabolic
Now we have $120/barrel oil and natural gas is going parabolic
We had a 5 year bear market in energy (2014-2020)
Maybe all the years of underinvestment in energy will cause an energy supercycle
Maybe all the years of underinvestment in energy will cause an energy supercycle
How much longer does the energy bull market last? 📈🛢
@contrarian8888 @RaisingTheBAR47 @EnergyCynic @HedgeDirty @crudegusher @econ_713 @EnergyCredit1 @Amena__Bakr @JavierBlas @Josh_Young_1 @calvinfroedge @followtheh @ZmansEnrgyBrain @MLPguy @EJLandis @BrynneKKelly @WallStJesus
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