6 Tips about Commodity

The physics make sense to us that this is a resource that’s being used up. Every major field outside of Saudi Arabia is in decline. Those people who...
We still don’t believe long-term, market clearing oil prices have moved to a level substantially higher than $40. I know it sounds silly because...
Our “trifecta” is to identify companies with increasing returns, growing cash flows and an ability to reinvest profitably, which is what we see in...
I believe the service companies are more attractive than producers in the current environment. Whether oil is $40 per barrel or $70 per barrel, I’d...
Given energy’s commodity nature, it’s all about how [energy-company] management allocates capital in a capital-intensive business. What’s...
The lack of investment in developing energy resources was so profound for so long that we expect to see inelastic, higher prices for a very long time,...