Thanks for this. Thoroughly enjoyed the 3 articles. My takeaway - this belongs to Buffett's 'Too Hard' pile. You'll have to deal with supply (capex cycles, cashflows, contracting, utilisation rates), and demand (policies/politics, oil demand)...too hard...maybe an oil royalty company to gain exposure to this space would be much easier with less risk
Thanks for this. Thoroughly enjoyed the 3 articles. My takeaway - this belongs to Buffett's 'Too Hard' pile. You'll have to deal with supply (capex cycles, cashflows, contracting, utilisation rates), and demand (policies/politics, oil demand)...too hard...maybe an oil royalty company to gain exposure to this space would be much easier with less risk
Thanks for this. Thoroughly enjoyed the 3 articles. My takeaway - this belongs to Buffett's 'Too Hard' pile. You'll have to deal with supply (capex cycles, cashflows, contracting, utilisation rates), and demand (policies/politics, oil demand)...too hard...maybe an oil royalty company to gain exposure to this space would be much easier with less risk