EPISODE · May 22, 2023 · 1H 6M
Bull Market In Oil Is Over (For Now) | Paul Sankey
from Forward Guidance · host Blockworks
On todays episode of Forward Guidance, Oil market veteran Paul Sankey of Sankey Research joins the show for a discussion on the cyclical vs secular trends in the oil market that investors should be paying attention to. Highlighting how the current market is extremely difficult to trade directionally, as oil remains rangebound after it's 2022 highs of over $100 a barrel, Paul outlines both the supply & demand picture in 2023. Paul goes on to explain the four structural drivers of oil prices, energy companies profitability with oil sitting around the $70 mark & what investors can expect throughout the rest of 2023. To hear all this and more, you'll have to tune in! -- Follow Paul on Twitter: https://twitter.com/crudegusher Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://rb.gy/5weeyw Market commentary, charts, degen trade ideas, governance updates, token performance, can’t-miss-tweets and more. Subscribe to the Blockworks Research “Daily Debrief” Newsletter: https://rb.gy/feusos -- Use code GUIDANCE10 to get 10% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023 Research, news, data, governance and models – now, all in one place. As a listener of Forward Guidance, you can use code GUIDANCE10 for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/ -- Timestamps: (00:00) Introduction (01:17) Paul's Oil Market Outlook (10:25) Oil Companies Profitability (11:37) Why Is Oil Demand Lower Than Expected In 2023? (17:40) Why Is This Oil Market So Tough To Trade? (19:42) The Four Structural Drivers Of Oil Prices (22:52) Permissionless (23:55) Are Oil Equties Cheap? (35:28) The Political Cycle Is Shorter Than The Energy Cycle (39:18) How Does Oil Perform During A Recession? (44:44) The Economics Of ESG (47:03) Blockworks Research (48:02) Warren Buffett Continues Buying $OXY (54:09) The Correlation Between Bank Stocks & Oil (57:26) Sankey Research (01:02:23) Small & Mid Size Oil Companies In Canada -- Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
What this episode covers
On todays episode of Forward Guidance, Oil market veteran Paul Sankey of Sankey Research joins the show for a discussion on the cyclical vs secular trends in the oil market that investors should be paying attention to. Highlighting how the current market is extremely difficult to trade directionally, as oil remains rangebound after it's 2022 highs of over $100 a barrel, Paul outlines both the supply & demand picture in 2023. Paul goes on to explain the four structural drivers of oil prices, energy companies profitability with oil sitting around the $70 mark & what investors can expect throughout the rest of 2023. To hear all this and more, you'll have to tune in! -- Follow Paul on Twitter: https://twitter.com/crudegusher Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://rb.gy/5weeyw Market commentary, charts, degen trade ideas, governance updates, token performance, can’t-miss-tweets and more. Subscribe to the Blockworks Research “Daily Debrief” Newsletter: https://rb.gy/feusos -- Use code GUIDANCE10 to get 10% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023 Research, news, data, governance and models – now, all in one place. As a listener of Forward Guidance, you can use code GUIDANCE10 for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/ -- Timestamps: (00:00) Introduction (01:17) Paul's Oil Market Outlook (10:25) Oil Companies Profitability (11:37) Why Is Oil Demand Lower Than Expected In 2023? (17:40) Why Is This Oil Market So Tough To Trade? (19:42) The Four Structural Drivers Of Oil Prices (22:52) Permissionless (23:55) Are Oil Equties Cheap? (35:28) The Political Cycle Is Shorter Than The Energy Cycle (39:18) How Does Oil Perform During A Recession? (44:44) The Economics Of ESG (47:03) Blockworks Research (48:02) Warren Buffett Continues Buying $OXY (54:09) The Correlation Between Bank Stocks & Oil (57:26) Sankey Research (01:02:23) Small & Mid Size Oil Companies In Canada -- Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
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Bull Market In Oil Is Over (For Now) | Paul Sankey
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