***This webcast originally aired live on Hedgeye.com on November 22nd, 2019***
In this special edition of Real Conversations Hedgeye CEO Keith McCullough sat down with Ascent Oil Fund CIO Mark Gordon to discuss his deep dive on the current oil market set-up.
Gordon's core point is that we are at a major inflection point between the shift from the "Age of Abundance" to a "Return to Scarcity" with important implications for a pricing regime change over the next six months. This regime change will be caused by:
- From the demand perspective, a truce in the trade war or a cyclical economic upswing
- From the supply perspective, the end of non-OPEC production growth
- The large projects sanctioned in the $100 world fully ramped
- The structural slowdown in tight oil
Adding to the list of reasons to be bullish on Oil prices is the "unprecedented negative sentiment" that could make the transition from oil abundance to scarcity a "violent shift," Gordon says. "Here we have a Macro overlay reason to be bullish plus an Oil Macro overlay plus the stocks at all-time lows. This is an amazing setup."
Visit Hedgeye.com for more great investing content.
Subscribe to other Hedgeye Products Here:
The Call @ Hedgeye
The Macro Show
Signal Strength Stocks
Top Stock Picks
Want to see how Hedgeye called every major market crash since 2008? Get 7 days free access to our hedge fund quality research at hedgeye.com/summit. No credit card required.
Our Black Friday sale starts November 1st. You'll get our best prices all year, and you can explore everything free right now. Visit hedgeye.com/summit to start your free trial.
Hedgeye Founder & CEO Keith McCullough's long-awaited new book, “Master The Market” is available now! In this 52-page e-book, Keith McCullough distills decades of Wall Street experience into actionable insights. Discover how to navigate market cycles, avoid major losses, and invest with the confidence of a seasoned pro. Download your free copy right now. Go to Hedgeye.com/book. That’s Hedgeye.com/book.
Get an investing edge on the enormous amount of money flowing into options every day, what they’re signaling, and the structural and behavioral trends driving markets higher or lower. The Market Situation Report™ includes access to a daily newsletter and weekly webcast featuring analysis of the Tier 1 Alpha team's proprietary models. CLICK HERE to check out our product page.
Turn off that tired “Old Wall” TV and tune into The Macro Show, Hedgeye’s live daily broadcast featuring key market and economic insights, investing implications and interactive viewer Q&A. See for yourself why more and more investors in the U.S. and abroad have made this “must-see” market TV. We are live online every weekday morning at 9:00am ET. CLICK HERE to check out our product page.
