Believes price of natural gas could fall to $0 in the coming months (warm weather, surging production).
Advising investors to sell natural gas holdings.
Certain companies such as Tourmaline able to mitigate falling natural gas prices.
In contrast, oil demand at a record high. Expecting further growth with re-opening of China.
Expecting oil weighted equities to perform well in 2023/24.
Investors need to tune out noise and listen to fundamentals on oil demand growth.
OPEC out of spare capacity, shale growth over.
Multi-year bull market for oil.
Large exposure to Clearwater oil play (most profitable in North America).
Largest shareholder of company (~44 million shares).
Returning 50% of free cash flow by the end of the year.
Meaningful upside in 23/24'.
Large reserve life buildup.
$100 oil price would see 200% upside to stock.
Largest shareholder of company.
Expects shares to rise to $20 (believes fair price of shares).
Increasing production in Eagle Ford play.
Currently drilled top 15 of all Clearwater oil wells.
Expecting debt to reach target level by Q2.
Has pledged to return 50% of free cash flow yield.
Expecting a 12-20% dividend yield.
Currently mis -priced shares.