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Chris Bloomstran - An Update on Public Markets - [Invest Like the Best, EP.171]
Invest Like the Best with Patrick O'Shaughnessy
X on Bobl Are Not a Business That Generates Sustainable Free Cash Profits
The oil and gas industry is not a business that generates sustainable, free cash profits. Their cyclical profits fot. They don't generate returns on capitall the actually, net over long periods of time. And so there were an enormous amount of debt becoming due in late twenty 20 throughout two thousand twenty one, two thousand and twenty two. So here we are with x on bobl have made it a bigger position. We look at where they produce around the globe, and we think they've got pretty reasonable break evens in various places....
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