Partner & Senior Portfolio Manager at Ninepoint Partners
Member since: Mar '10 · 2252 Opinions
Very optimistic for energy investors in 2023. Expecting $100 oil in near term future. Two major headwinds gone: 1) China pandemic ending 2) SPR releases have passed. China re-opening will unlock ~1MM bbls oil a day of demand. Supply is still not growing at material rate. Return of capital to shareholders limited further investment.