RE:Eric Nuttall : Market Call for Friday, June 3, 2022Mr. Nuttal prefers oily companies over nat gas producers , he also prefers stock buybacks/dividend payouts and de- leveraging. Personally I think he is missing the boat on both these issues.
Nat gas is clearly the growing industry compared to crude. If no one will build a refinery ,how could Crude grow ? People are still however building LNG facilities. Second, oversupply caused by excessive nat gas drilling is mostly a local issue constrained primarily by fixable items such as more gas plants , more compression and more pipelines (if permitting is allowed )
My point is that growing by the drillbit for nat gas producers is feasible as long as the producer has infrastructure availability.
Lastly, with current forward pricing , many nat gas producers can pay out their investments at least once and probably several times before before the curves close in.
Don't give your hard earned dollars to fund managers. Do your own DD and as Gretzky once said skate to where the puck is going, not to where it has been !!