Hey guys! This episode features Alex Verge, CEO of Journey, who shares his insights and experiences in the energy industry. Alex explains his “buy and exploit” game plan and emphasizes the importance of owning the land.
He also talks about the cycles of the energy industry and how understanding them is crucial for success. Alex discusses the increasing costs in the energy space and shares his experiences during the 2014-2020 cycle. He reflects on the challenging times when oil prices went negative and how he and his team survived.
Towards the end of the podcast, Alex shares the lessons he has learned from surviving the March 2020 crash and what he sees coming up next in the industry.
Here's the time stamp:
- [0:00] Who is Alex Verge?
- [11:00] The Gameplan: Buy and Exploit
- [18:00] Own the land
- [32:00] The Energy Cycles
- [38:00] Costs are increasing in the energy space
- [43:00] Living through the 2014-2020 Cycle
- [48:00] The Red Water Decision
- [1:07:00] Surviving when oil went negative
- [1:14:00] Lessons Learned
- [1:26:00] What comes next?
- [1:28:00] Closing Questions
If you enjoyed this podcast, please check out Alex on Twitter @AlexVergeJOY
Finally, thanks to the following sponsors for making the podcast a reality!
Mitimco
This episode is brought to you by MIT Investment Management Company, also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests in a handful of new emerging managers who it believes can earn exceptional long-term returns to support MIT's mission. To help the emerging manager community more broadly, they created emergingmanagers.org, a website for emerging manager stockpickers.
I highly recommend the site for those looking to start a stock-picking fund or learn how others have done it. You'll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging managers, and more!
Tegus
Tegus has the world’s largest collection of instantly available interviews on all the public and private companies you care about. Tegus makes primary research fun and effortless, too. Instead of weeks and months, you can learn a new industry or company in hours, all from those who know it best.
I spend nearly all my time reading Tegus calls on existing holdings and new ideas. And I know you will too. So if you’re interested, head on over to tegus.co/valuehive for a free trial to see for yourself.
TIKR
TIKR is THE BEST resource for all stock market data, I use TIKR daily in my process, and I know you will too. Make sure to check them out at TIKR.com/hive.
