Comments
Transcript
-
MKAnswers all my current questions re the outlook for crude. Very good and thanks very much.
-
AAExcellent but had hoped for a specific update on two previous recommendations - Enterprise Products Partners (EPD) and The Williams Companies (WMB). Both up c40%. My interpretation was that they remain a hold?
-
DSI wonder how much gold Saudi Arabia is selling in addition to the FX? DLS
-
TRWhatever the new demand threshold is – a return to 100M bbls, 95M bbls suggested in the interview, or less – and the then calculated necessary drop in supply – to what extent do natural depletion rates coupled drops in cap-ex meet that drop in supply? Do you track average world wide depletion at 4% - or more or less? Does your research reflect shale production in the US to have a much higher average annual depletion/annual production decline? I’m wondering what the price would need to be for producers to maintain production at current levels with no escalation. How much oil is produced off-shore world-wide as a percent of total supply? and at what price does that make sense to perform new drilling/cap ex to maintain aggregate off-shore production levels?
-
LHRenewables have been massively outperforming oil and fossil fuels at least since October '18. Have a look at the TAN ETF for a proxy of what solar stocks have been doing. SEDG and NEE have been on long term face-ripping rallies.Could we possibly get some coverage of the global renewable market? Younger investors are less and less interested in oil and fossil fuels, and it's increasingly seen as a dying market, at least from a long term return perspective, to say nothing of divestment risk.
-
HBJust want to add one point, your dear speaker missed a very obvious point and statement made by the Saudi Arabian Minister of Finance, the exceptional decrease in Forex reserves in March and April was due to a one-off to transfer to the Sovereign Wealth Fund (PIF), which used the funds to purchase multiple investments in the US and other markets. These are not reflected in the reserve data and hence shown as a decrease. i'm surprised that this wasn't research in a diligent manner as this was covered in Bloomberg and other publicly available sources!
-
BAReally enjoyed this interview. Well done.
-
DSAlthough Russia is losing oil revenue also, it appears that President Putin is winning this tug of war with Saudi Arabia. Power and control of the Middle East is in the balance as President Trump withdraws US influence and troops. President Putin is also winning the US shale oil game against the US producers – his original target. If Coronavirus does not break his grip on Russia, it looks like Russia could be The Player in the Middle East and the marginal oil producer when you include the budgeted needs of Saudi Arabia. Russia is still selling oil to China on an old agreement at 50% of an old price in Yuan. I am assuming that the Chinese price may still be above current world oil price. DLS
-
CWAnother excellent update.
-
HRQuestion/possibility: What if the Saudis see their future in exporting more and more to China? Relatively speaking they might be ok drawing down their dollar reserves if the future crude settlements will be via China's gold backed petro-yuan?
-
MSGreat information! An idea to have him giving us a weekly 10-15 minute update instead of once every so many weeks. Thanks
-
MGThanks Warren for EPD and WMB ideas I made 40% and 60% respectively on your ideas. Just closed my positions yesterday hopeful to get back in when market risk lowers. Awesome interview and appreciate you sharing your knowledge with us.
Chapters
-
Historic Times for Energy Markets
-
Can You Update Your Energy Outlook?
-
What Indicators Pushed You From Bearish to Neutral?
-
Other Factors for Saudi Arabia and OPEC
-
Updating the Energy Equity Playbook
-
Drilling Down on Tankers
-
The Energy Sector as a Macro Trade
-
U.S. Inventories: The Best Indicator for Tracking Recovery