Eric Nuttall words...On the financial post
https://financialpost.com/commodities/energy/oil-gas/eric-nuttall-how-i-survived-the-energy-crash-of-2020-stood-my-ground-and-buckled-up-for-a-186-rally-in-2021
Especially the last paragraph :
As a new year begins and we remain in the early stages of a multi-year bull market in oil, the lessons of the past two years guide me: fundamentals eventually matter, panic creates opportunity, and if you believe strongly in a call based upon thorough analysis, stand your ground. Despite the strong performance in energy stocks over the past year, valuations remain extremely compelling, so much so that even today I can stare at my valuation models and wonder why others still do not see what I see. With the growing momentum of increased return of capital back to shareholders, a strong macro backdrop for oil, and depressed energy stock valuations, I’m optimistic that 2022 could be another strong year of performance.
GL LONGS !