3min chapter

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Shubham Garg: Small-Cap E&Ps & Launching White Tundra Petroleum

Value Hive Podcast

CHAPTER

The Importance of Conservatism in Oil Markets

I like how you think of opportunities from a lens of what do I think the commodity price is going to be? And then what is the price on pain in that scenario? Because I do that in a sense, but it's actually the opposite because the way I view it is, let's assume that oil is at 60. If that's true, given the production profile, given their net backs, how much is the company worth? Like how much am I paying at 60 oil? But my worry about that framework, and it's the one I still use, so I kind of want you to poke holes in it, but I'm worried that I miss out on a lot of opportunities

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