A Wild Ride In The Oil Market | Josh Young

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.

Josh 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!
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Follow Josh: https://twitter.com/Josh_Young_1
Follow Jack Farley on Twitter https://twitter.com/JackFarley96
Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance
Follow Blockworks on Twitter https://twitter.com/Blockworks_

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://rb.gy/5weeyw
—
Apply to host the “Lightspeed” podcast on Blockworks at https://blockworks.co/careers

Use code GUIDANCE10 to get 10% off Permissionless 2023 in Austin:
https://blockworks.co/event/permissionless-2023

Research, news, data, governance and models – 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/
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Referenced In The Show:

The 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 
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Timestamps:
(00:00) Intro
(00:21) A wild Ride In The Oil Market
(05:34) Oil Companies Profitability vs A Decade Ago
(15:22) Are O&G Companies Investing In R&D, Or Share Buybacks?
(18:57) Natural Gas
(23:58) Are Rising Production Costs Impacting O&G Companies?
(28:50) Permissionless
(29:53) Searching For Low Decline Producers In The Oil Market
(33:28) Baytex Energy (BTE)
(40:45) Josh's Oil Price Outlook
(56:19) Blockworks Research
(57:19) Investing In O&G Companies In The U.S & Canada vs Rest of World
(01:08:03) Overrated O&G Companies In The Small & Mid Cap Industry
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Disclaimer: 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.

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.

Josh 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!

—

Follow Josh: https://twitter.com/Josh_Young_1

Follow Jack Farley on Twitter https://twitter.com/JackFarley96

Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance

Follow Blockworks on Twitter https://twitter.com/Blockworks_

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://rb.gy/5weeyw

—

Apply to host the “Lightspeed” podcast on Blockworks at https://blockworks.co/careers

Use code GUIDANCE10 to get 10% off Permissionless 2023 in Austin:

https://blockworks.co/event/permissionless-2023

Research, news, data, governance and models – 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/

—

Referenced In The Show:

The 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 

—

Timestamps:

(00:00) Intro

(00:21) A wild Ride In The Oil Market

(05:34) Oil Companies Profitability vs A Decade Ago

(15:22) Are O&G Companies Investing In R&D, Or Share Buybacks?

(18:57) Natural Gas

(23:58) Are Rising Production Costs Impacting O&G Companies?

(28:50) Permissionless

(29:53) Searching For Low Decline Producers In The Oil Market

(33:28) Baytex Energy (BTE)

(40:45) Josh's Oil Price Outlook

(56:19) Blockworks Research

(57:19) Investing In O&G Companies In The U.S & Canada vs Rest of World

(01:08:03) Overrated O&G Companies In The Small & Mid Cap Industry

—

Disclaimer: 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.