Super-Spiked Videopods (EP52): Macro Turmoil and the G-Word (Growth)

WATCH the video on YouTube by clicking the RED button above.LISTEN to audio only via the Substack player by clicking the GREY button above.STREAM audio only on Apple Podcasts, Spotify, or your favorite podcast player app.DOWNLOAD a pdf of the slide deck by clicking the blue Download button below.Amidst the geopolitical and macro turmoil, we take a step back this week to turn back to how companies can think about outperformance through all the volatility. One can’t be frozen and simply wait for a calmer or better time to materialize. No one should be sitting around waiting for an easy bull market to emerge. Long-time Super-Spiked subscribers will know that we are long-running advocates for companies focusing on profitability and a fortress balance sheet. This week we will start the process of spending some time on the "G" word: growth. Growth became a 4-letter word for investors after the surge in CAPEX during the Super-Spike era and subsequent US shale boom led to profitless growth--something we have spent a lot of time discussing in prior posts.And let us be clear, profits and balance sheet health remain the priority. That said, there is no doubt investors will always side with companies that can grow versus those that cannot grow at a given level of profitability and balance sheet strength. The trick is to hit the trifecta: growth, returns, and balance sheet strength. Moreover, for especially the upstream portion of the industry where asset life is finite--oil and gas fields naturally deplete--it is critical to adequately reinvest back in the business if a company is to persist as a going concern.🔔 4 Ways to Subscribe* All Content: If you subscribe to Super-Spiked via email, you will receive all content to your inbox and it is also all on the Super-Spiked website. I have been aiming to publish about once a week, usually on Saturday.Subscribe to Super-Spiked to receive all content via email and directly interact with me. Also available at https://veriten.com.* Veriten: You can now also subscribe to Super-Spiked content via the Veriten website (here) and also receive Veriten’s flagship COBT video podcast.* YouTube channel for video only: You can subscribe directly to the video feed ofSuper-Spiked Videopods on my YouTube channel Super-Spiked by Arjun Murti.* Apple Podcasts, Spotify for audio only. You can subscribe directly to the audio only feed on Apple Podcasts, Spotify or your favorite podcast player app. The podcast is simply the audio for the YouTube videos.⚖️DisclaimerI certify that these are my personal, strongly held views at the time of this post. My views are my own and not attributable to any affiliation, past or present. This is not an investment newsletter and there is no financial advice explicitly or implicitly provided here. My views can and will change in the future as warranted by updated analyses and developments. Some of my comments are made in jest for entertainment purposes; I sincerely mean no offense to anyone that takes issue.📜 Credits* Intro & Outro music: Wolf Hoffman: Concerto for 2 Cellos in G Minor, Rv 531: I. Allegro Moderato.* This episode of Super-Spiked Videopods was edited and produced by Veriten Productions. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit arjunmurti.substack.com