RE:RE:RE:RE:RE: UPGRADEReally well put, Topdown. It's unbelievable the level of hypocrisy that now exists regarding hydrocarbons at all levels including government, NGOs, big banks and investment houses. Those who don't get it aren't only missing a massive opportunity, they're threatening the economic stability of society on a global scale through their shortsightedness.
topdown99 wrote: One more thought on that topic TimeBuilder , the longer it takes to get to $20 the more time you have to enlarge your position (and ultimate profit) here when taking profits elsewhere .
No matter what the ESG crowd says , nat gas has no immediate alternative . Those hypocrites are the first ones to crank the thermostat in a cold spell or expect the lights to work when you flip a switch . Lets be honest , at -40C or +40C , nobody cares where it comes from they just want to be comfortable .The war on O&G has only restricted supply while the demand continues to increase . This faillure of vision has ensured massive profits and FCF to companies they (ESG) can't (or won't) invest in .
Yes there is ample supply of natural gas but if nobody drills it up new wells , the supply will continue to dwindle . Producers have now joined the religion of FCF and low debt and show no signs of changing . This sets up well for future valuations .
I know ARX will still be in business in 10 years and you can't say that about several high fliers pushed by the media today . I've said it before and I'll say it again , O&G isn't going anywhere and will continue to be a fundimental element of the economy .