Vermilion Energy Inc. T.VET

Eric Nuttal (Buffett of energy) is BULLISH on OIL/ENERGY !!!

[slickk]

Eric of Ninepoint Capital presented to over 1000 financial advisors on webcast Jan 19 2023.

Here's why his thesis of 6-10 year multi year bull market is here...especially after meeting energy ministers in Saudi Arabia and Qatar in Jan 2023

• SUPPLY CANNOT KEEP UP WITH DEMAND
• oil demand is growing by 1 million barrels per day
• stocks trade today as if oil is $55/barrel
• recession has already been priced into stocks so going uo from here
• de carbonization will not go away
• largest SPR release in history of 260 mm barrels
• China re-opening is going to fuel oil consumption big time
• companies are buying back shares and increasing dividends big time...little to no $$$ left for CAP EX
• some companies will be debt free with huge piles of free cashflow in 1-2 years
• any new CAP EX will take 3-5 years to see meaningfull build up of crude
• demad destruction will not occur until oil hits $140-$180/barrel and stay at those prices for awhile
• people worldwide spending alot on travel and leisure...flying and driving will futher fuel energy demand
• nobody will buy Russian oil for awhile...no matter outcome of war

As Eric says...a generational play of a LIFETIME IS HERE...cheers

[Citizen13]

Nuttall needs to promote his gig.  Can't blame him, the more minions he books the more 2% he makes on volume. Where in his sermons is the basic reality that nobody wants to touch oil and gas ?    It's like what is going to happen with classic cars when all the baby boomers die.  You'll have a 1970 Barracuda that you bought at the Barrett Jackson auction for $ 300

[mnztr]

I think you are in a slightly different bubble. Russian oil will be bought, a lot of it will find its way into Western markets someway or another. If iran and Venezuela were able to market oil for years, no way they can control Russia oil. Best to assume any market projection of oil prices to include Russian oil. gas is a different story as gas is much more difficult to move then oil 

[mnztr]

ok I was in sync with Eric until he said no one will buy Russian oil. WIth that statement he made a complete FOOL of himself. Even Europe is buying it TODAY. CHina and India have NO PLANS to stop buying it. 

[Citizen13]

Indeed . Eric lives in a bubble where things make sense to him but are not reality. You need to play the real game , not the game that you feel should exist. If there is one thing I've learned in my life its that everyone looks out for themselves . These countries buying Russian oil and apparently snow crab should pray there is no judgement day . Also, sitting idly by and just providing

[mnztr]

Calling their nuclear bluff? Ok that is also whacked. Its not a bluff. This isn't some poker game. Its russia calling NATOs bluff. Russia did not start this war, and this war did not start on feb. Anyone that thinks that is simply not in command of all the facts. 

[Citizen13]

My goodness what a buffoon . Russia didnt start this war ?  Blocked . Cant argue with pigeons.  You are a guy walking down the street and stab someone who you figured was a threat. That is mental illness buddy. 

[mnztr]

You are the one eating whats thrown on the ground in front of you lol. 

[lashing]

Turn that inward - its YOU citizen13 that is clueless. You dont know buy have strong opinion. The worst kind of goof.