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Planet MicroCap Podcast | MicroCap Investing Strategies
Unwinding the Oil and Gas Negativity with Josh Young, Founder and Portfolio Manager at Bison Interests
Jan 30, 2024
Josh Young, Founder and Portfolio Manager at Bison Interests, discusses the challenges faced by the Oil & Gas industry in 2023 and provides insights into the potential opportunities in 2024. Topics include the accuracy of oil inventory data, historical similarities in the industry, strategies for small cap companies, predicting oil price rise, and analyzing negative sentiment towards oil and gas investments.
47:44
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Quick takeaways
- Despite the struggles in the oil and gas sector in 2023, Josh Young believes there is a decent chance that oil could perform well in 2024, considering geopolitical events, potential supply disruptions, and the potential for a rebound in oil prices.
- Technology, such as AI and analytics, plays a significant role in improving efficiency, cost savings, and production in the oil and gas sector, with companies like Vital Energy leading the way with its implementation and showcasing the financial benefits of utilizing such technology.
Deep dives
The challenged oil and gas sector in 2023
The oil and gas sector faced significant challenges in 2023, with the second half of the year being particularly rough. Josh Young, founder of Bison Interest, provides a post-mortem on the industry during this period, discussing the reasons behind the struggles, such as lower demand and increased supply. Despite the negative sentiment and bearish outlook, Young believes there is a decent chance that oil could perform well in 2024, considering geopolitical events, potential supply disruptions, and the potential for a rebound in oil prices.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode