In this quarter we sat at the top of the show. We've seen this big a decline over the past several years in capex on energy exploration and production. If you think about how oil field servicers get paid, they get paid out of that capex budget. And then lastly, the royalty busines. You think about thesethese businesses is like silent partners. If more oil and gas comes out of the ground that they own, they make more money. But there's also parts of governments and organizations responding to e s g concerns, pressures, what have you.
Earth’s population continues to grow and energy needs are struggling to keep up with worldwide demand. Nick Sciple and Jim Gillies dive into the macroeconomic forces creating an energy crunch, where they are finding investment opportunities, and discuss: - The wide-ranging effects of an energy crunch - How a shale boom “incinerated” $700 billion - Ways individual investors could benefit from pension funds leaving oil
Additional resource: https://www.fool.com/investing/stock-market/market-sectors/energy/renewable-energy-stocks/
Stocks discussed: OTC:IPFCC, TSX:IPCO, CBRL Host: Nick Sciple Guest: Jim Gillies Producer: Ricky Mulvey Engineer: Dan Boyd
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