A few items via Reuters over the weekend ahead of Ceraweek, where energy industry leaders meet in Houston.
Josh Young, chief investment officer at Bison Interests.:
- “The costs are way higher and that affects the profitability,
- “You’re starting to see producers hold back their capital. It’s the opposite of what the president wants.”
Dan Pickering, chief investment officer at Pickering Energy Partners.
- “Shareholders are saying capital discipline, return cash to shareholders and then you have the most powerful man in the world, saying, drill, baby, drill – I think you pay lip service to the president, and you follow the wishes of the shareholder”
What is it they say? The best cure for low oil prices is low oil prices.
- ie – when the cycle sees job cuts, capex pulled back etc then that’ll lead to tighter supply and higher prices. The key idea to keep in mind is ‘eventually’, K?
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CERAWeek is an annual energy conference organized by S&P Global
- brings together global leaders, policymakers, executives, and experts from the energy, technology, and financial sectors
- CERAWeek 2025 is scheduled for March 10-14