Energy under-owned, bigger move potential than gold
The guest argued energy is under-owned and could see a bigger price move than gold, with oil potentially reaching $130/barrel due to structural supply shortages.
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The Callback
Bullish setups in land rigs and pressure pumpers
29 weeks between these two statements.
The bull case made for energy equities, particularly oil services, is that they are discounting a future supply deficit driven by depletion and underinvestment, not needing a near-term oil price spike.
The guest argued energy is under-owned and could see a bigger price move than gold, with oil potentially reaching $130/barrel due to structural supply shortages.