AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
6min chapter
Energy Stocks Remain Undervalued, Says World’s Best Performing Hedge Fund Manager | Josh Young
Forward Guidance
How to Separate Cold Analysis of Opportunity From Emotions
Sanhir has more cash on its balance sheet than all of the liabilities combined by almost by factor of two, whereas there are a lot of oil companies that would have a negative book value if it weren't for the reserve. So they were able to liquidate low or negative cash assets and pay off all of their debt over a period of time. And here at 10, what I saw at $10 is compelling to go buy a lot of it at lower prices. It was actually okay with our investment thesis in Sanhir because we had relatively high break-evens even for natural gas."
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode