The Next Big Trade - Warren Pies on Why It's Good To Be Long Energy
Real Vision: Finance & Investing
00:00
Oil Production in Canada
Shale is, it's an asset to be tapped into. It's just the break evens are much higher than i think the companies led everyone to believe for many years, you know. And so we, we think you can just buy the entire energy complex and b ok. But for or for our clients, we have been saying, look to canada, because your the maintenance capx, which is the key metric to look at for these companies. Maintenance capex for for the oil production in canada is basically nil.
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