Athabasca Oil Corp T.ATH

JP Morgan head of O&G sees start of supercycle

[Nic777]

Insight Conversation: Christyan Malek, JP Morgan | S&P Global Platts

[Nic777]

"We do see oil prices massively overshooting … and we see a nasty deficit appearing on the horizon kicking in earlier than many expect”

[rexrex]

EXCELLENT article, thank you for sharing, perspective is what is needed right now, $100 WTI seems logical given the sector is undergoing supply deficit .... One thing i want to add is this....a black swan event is coming in the Electric Energy Sector, EV Sector is in a bubble right now, when this bubble busts, then oil will rise further and people will say, that to think the EV was the solution

[2020oilgamble]

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[Nic777]

I agree with you. I would like to point out also that the EV sector cannot scale up to many millions of EVs per year due to lack of battery minerals.  There isn't enough supply of lithium hydroxide, cobalt or spherical graphite for making batteries.  These are specialty chemicals and the capex needed to scale up the production is in the tens of millions of $USD.  It's not

[Nic777]

Sorry tens of BILLIONS

[Backinblack1000]

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[rexrex]

Christyan Malek, JP Morgan's head of oil and gas spoke to S&P Global Platts associate editorial director, Paul Hickin, about oil price risk, the evolution of the US shale sector, and the outcomes of Saudi Arabia's strategy to balance the global oil market. The risk of oil prices spiking above $100/b in the coming years has increased due to the impact of COVID-19 and likely ESG-climate

[Maxmoe]

Yes, interesting read. BUT no way J.P. Morgan and it's clients make huge investments AFTER a report like this. They are already hugely invested. This story has legs and jpm isn't a pumpanddump sweat house so they may continue some buying.