Josh Young journeys through the energy sector

Josh Young, CIO of Bison Investments, discusses his thoughts on the oil market and why he thinks energy prices are going much higher. Then he dives into his thesis for Journey Energy (JOY CN in Canada), a micro cap Canadian company that he thinks is dramatically undervalued.You can find all my writings here: https://yetanothervalueblog.substack.com/Josh's Twitter: https://twitter.com/Josh_Young_1Chapters0:00 Intro1:45 How Josh is thinking about the oil market today6:30 When do you know oil is high enough?10:25 Why aren't we seeing a big capex / opex ramp up from oil companies?15:45 OPEC's lack of incremental capacity19:35 Is calling for higher oil Big Short 2.0?24:50 Why the oil market today is not the oil market from 201428:50 Small technical difficulty!31:10 Why $100+ oil won't sap demand34:30 What do energy specialists look for that generalists miss?37:15 Do generalists lean towards worse assets than specialists?40:00 Journey Energy overview45:20 Breaking down Journey's SOTP48:15 Journey's growth and decline profile50:00 How are Journey's base assets positioned?53:30 What oil and gas price is baked into Journey currently?54:10 Journey's power plant initiative57:20 What type of power is Journey's power plant?58:50 Journey's Asset Retirement Obligations1:06:35 Closing thoughts on Journey