Betting on Clean Energy

Published on
August 13th, 2019
Duration
15 minutes


Betting on Clean Energy

Trade Ideas ·
Featuring Rick Bensignor

Published on: August 13th, 2019 • Duration: 15 minutes

Rick Bensignor, CEO of The Bensignor Group, examines the recent volatility in the stock market and drills down specifically on the energy sector. He discusses the cyclical downtrend in oil prices, notes society's transition to clean energy, and explains how investors should play the historical shift. In this interview with Justine Underhill, he also pinpoints key levels for a particular clean energy ETF. Filmed on August 8, 2019.

Comments

Transcript

  • MN
    Maverick N.
    13 August 2019 @ 16:23
    As someone who has spent over 14 years in Oil & Gas, I am appalled at the disconnect from reality that exists among well educated, well informed people - as a planet, we consume over 98M boe/d of oil. This number, despite of all the hypocrite tree-huggers, has gone up and continues to go up. KSA, Russia etc have gone to the pedal ever since Venezuela has fallen off the map. It is a long long time before the planet can "get off" it's oil addiction. I am aware of human linear thinking fallacy versus actual non-linear change. But till that happens and the alternate becomes cleaner, cheaper, environmentally conscious (mining etc.) and jot just subsidized, oil will remain valuable. It will continue to be hated and demonized by MSMs but cannot be ignored. It will be one of key sectors to watch out for once the dollar bull run draws to an end.
    • TR
      Travis R.
      13 August 2019 @ 19:10
      Is marginal demand destruction from electrification and CAFE increases factored into your long term projections?
    • AC
      Andrew C.
      14 August 2019 @ 03:06
      I am yet to find a satisfactory response to 'The "New Energy Economy": An Exercise in Magical Thinking'. I would love someone to provide a solid counter- argument. Oil isn't going away, electrification isn't gunna help, oil to beyond $100. https://www.manhattan-institute.org/green-energy-revolution-near-impossible
    • TR
      Travis R.
      14 August 2019 @ 03:32
      From what I see most projections are either stratospheric or non-existent for demand destruction from electric vehicles. Reality is probably somewhere in the middle. With declining battery costs electric vehicles will continue to take greater market share in the future.
    • JM
      John M.
      14 August 2019 @ 04:32
      I wonder about electric cars. The weight of the batteries is phenomenal! Then there's the added cost of that battery. Then there's battery degradation over time. Battery recycling? Lastly, the precious metals used in these EVs example: 183 pounds of copper (versus ,50 pounds for standard vehicle). We are really going to shift the global fleet (1 billion cars) to EV? Hydrogen cars seems to make more sense.
    • AC
      Andrew C.
      15 August 2019 @ 17:08
      Hydrogen is too expensive for the moment. 8 times the cost per kilometre
    • JK
      Jay K.
      4 September 2019 @ 02:17
      We will need oil even after we have undergone full electrification. That said supply has increased (US) but demand seems steady. Also fuel economy increases as technology improves. Renewable may be the future simply for the fact that it is sustainable.
  • KF
    Kenneth F.
    18 August 2019 @ 15:36
    Tells me there is a shitton of shorts in energy stocks.
    • KF
      Kenneth F.
      18 August 2019 @ 15:46
      Looking at the holdings in PBW the top holding ENPH trades at 10X price to sales 111X P/FCF. You better hope this sector grows and grows fast . I don’t see any cheap stocks in this ETF.
  • LP
    Lynn P.
    13 August 2019 @ 18:12
    Finally, someone with good shoes
    • SB
      Stephen B.
      13 August 2019 @ 21:41
      And socks.
  • DS
    David S.
    13 August 2019 @ 20:30
    I do not understand why US GDP is not growing at 5%. Mr. Kudlow said that if the tax package were passed 5% GDP was easy. Was there a slip between the cup and the lip? DLS
  • MT
    Mike T.
    13 August 2019 @ 19:35
    Question for any energy experts out there. Is it not the case that OECD countries made a no-growth pact for oil many years ago, and therefore to see a sustainable demand growth in the oil market it's all down to China and non OECD countries?

Mark Yusko

Morgan Creek Capital Management, Co- Founder, CEO, & CIO

Mark Yuskois the Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management. He is also the Managing Partner of Morgan Creek Digital Assets. Morgan Creek Capital Management was founded in 2004 and currently manages close to $2 billion in discretionary and non-discretionary assets. Prior to founding Morgan Creek, Mr. Yusko was CIO and Founder of UNC Management Company (UNCMC), the Endowment investment office for the University of North Carolina at Chapel Hill. Before that, he was Senior Investment Director for the University of Notre Dame Investment Office.Mr. Yusko has been at the forefront of institutional investing throughout his career. An early investor in alternative asset classes at Notre Dame, he brought the Endowment Model of investing to UNC, which contributed to significant performance gains for the Endowment. The Endowment Model is the cornerstone philosophy of Morgan Creek, as is the mandate to Invest in Innovation. Mr. Yusko is again at the forefront of investing through Morgan Creek Digital Assets, which was formed in 2018. Morgan Creek Digital is an early stage investor in blockchain technology, digital currency and digital assets through the firm’s Venture Capital and Digital Asset Index Fund.Mr. Yusko received a BA with Honors from the University of Notre Dame and an MBA in Accounting and Finance from the University of Chicago.

Anthony Scaramucci

SkyBridge Capital, Founder & Co-Managing Partner

Prior to founding SkyBridge in 2005, Scaramucci co-founded investment partnership Oscar Capital Management, which was sold to Neuberger Berman, LLC in 2001. Earlier, he was a vice president in Private Wealth Management at Goldman Sachs & Co. In 2016, Scaramucci was ranked #85 in Worth Magazine’sPower 100: The 100 Most Powerful People in Global Finance. In 2011, he received Ernst & Young’s “Entrepreneur of the Year –New York” Award in the Financial Services category. Anthony is amember of the Council on Foreign Relations (CFR), vice chair of the Kennedy Center Corporate Fund Board, a board member of both The Brain Tumor Foundation and Business Executives for National Security (BENS), and a Trustee of the United States Olympic & Paralympic Foundation. He was a member of the New York City Financial Services Advisory Committee from 2007 to 2012. In November 2016, he was named to President-Elect Trump’s 16-person Presidential Transition Team Executive Committee. In June 2017, he wasnamed the Chief Strategy Officer of the EXIM Bank. He served as the White House Communications Director for a period in July 2017. Scaramucci, a native of Long Island, New York, holds a Bachelor of Arts degree in Economics from Tufts University and a Juris Doctor from Harvard Law School.

Michael Saylor

MicroStrategy, Co-Founder

Mr. Saylor is a technologist, entrepreneur, business executive, philanthropist, and best-selling author. He currently serves as Chairman of the Board of Directors and Chief Executive Office of MicroStrategy, Inc. (MSTR). Since co-founding the company at the age of 24, Mr. Saylor has built MicroStrategy into a global leader in business intelligence, mobile software, and cloud-based services. In 2012, he authoredThe Mobile Wave: How Mobile Intelligence Will Change Everything, which earned a spot onThe NewYork TimesBest Sellers list. Mr. Saylor attended the Massachusetts Institute of Technology, receiving an S.B. in Aeronautics and Astronautics and an S.B. in Science, Technology, and Society.

Alex Saunders

Nugget's News, Founder & CEO

Alex Saunders is the founder and CEO of Nugget’s News, a digital media company focused on all things crypto. Alex has been captivated by cryptocurrency since 2012 and in 2017 he began educating globally on the benefits of cryptocurrency and how to safely acquireit. Nugget’s News has been listed as a top-20 podcast by Business Insider, ShapeShift and Lifehacker and has over 120k YouTube subscribers with 9 million total views.Alex is also heavily focused on his cryptocurrency education platform Collective Shift which currently serves over 4,500 members. provides his unique perspectives by utilising his expertise in fundamental analysis, technical analysis and market sentiment. He is working towards his mission of making it easier for everyone to understand the financial world.

James Putra

TradeStation Crypto, Inc., Sr. Director of Product Strategy

James helped launch TradeStation Crypto’s offeringwhichutilizesa true online brokerage model that self-directed investors and traders have come to expect for equities, futures,and foreign currency markets. He is a reputed crypto asset specialist and blockchain thought leader focused on helping people find innovativeways to participate in this space. He is active in the blockchain community with speaking engagements, TV appearances and mentoring.James has over 15 years of experience in the Fintech industry.

Raoul Pal

Real Vision, Co-Founder & CEO

Raoul Pal is the Co-Founder and CEO of Real Vision, the world’s pre-eminent financial media platform, which helps members understand the complex world of finance, business, and the global economy. Real Vision members also have access to Real Vision Crypto, a cryptocurrency and digital assets video channelwatched by over 80,000 people.In addition, Raoul has been publishing Global Macro Investor since January 2005 to provide original, high quality, quantifiable and easily readable research for the global macro investment community hedge funds, family offices, pension funds and sovereign wealth funds. It draws on his considerable 31 years of experience in advising hedge funds and managing a global macro hedge fund. Global Macro Investor has one of the very best, proven track records of any newsletter in the industry, producing extremely positive returns in eight out of the last twelve years. He retired from managing client money at the age of 36 in 2004 and now lives in the tiny Caribbean island of Little Cayman in the Cayman Islands. Previously he co-managed the GLG Global Macro Fund in London for GLG Partners, one of the largest hedge fund groups in the world. Raoul moved to GLG from Goldman Sachs where he co-managed the hedge fund sales business in Equities and Equity Derivatives in Europe. In this role, Raoul established strong relationships with many of the world’s pre-eminent hedge funds, learning from their styles and experiences. Other stop-off points on the way were NatWest Markets and HSBC, although hebegan his career by training traders in technical analysis.