Josef Schachter

…need for the data center world, for grid improvements, for electricity. That all means a lot more use of fossil fuels, of course, coal is being used a lot more now. When nuclear is coming back, small modular reactors, but the big thing is going to be natural gas and of course crude oil. People talk about demand destruction. We can go into that. I don't agree with that at all. I think it's sophisticated Chinese commodity buyers didn't want to pay $ 110 for crude, so they backed off less like they do in any commodity, cocoa or any of the others when they're high and they're back buying again now that we're $68. So this cycle can go into the 2030s. We're going to see new nominal all time highs for the price of crude before this is over. And I think near term we're in the bott oming phase negotiations on and off in Qatar right now where Switzerland, 65 to 66 is probably the low. Stocks are very cheap. We've had 15, 20% corrections in many of the energy stocks and there's barg ains everywhere. Canada is another big energy producer. We're the fourth largest in the world. The United States- No one talks about it. With oil and natural gas, then you go to Saudi Arabia, then you go to Russia, and then you go to Canada. 6.1 million barrels a day, we're the fourth in the world and we have massive reserves. We've had political problems with a prior government.…From: this video · 3 claims mined from it

…reserves and the ground. I think we're going to be getting back to that 90 or more in the next three to five years. And again, if you figure a company's reserve value goes up by that commodity deck, if you have growing production, that's how you get your three, five, 10 baggers in the energy stock market. And I think that where we are today, there's a lot of five baggers that I have on the list that we cover. Conservative stocks may only go up double, but some of the entrepreneurial names could be five or 10 baggers. Well, do you look at NatGas as well as oil? Henry Hub NatGas is currently around $ 325, give or take, if you sense. Do you have a similarly bullish outlook for the next two or three years on Nat Gas? I think that NatGas, in terms of commodity demand globally into the next five or 10 years, has a better opportunity than oil does. If you look at the growth of LNG, the announcements and the waiting for FID on the Gulf Coast, we're talking potentially a doubling of the LNG export capacity. Europe doesn't have gas of their own, and so they're going to need more. Asia, countries, South Korea, Japan, China is going to need more. We've got LNG Canada, which is 2BCF a day. But if you look at the FID and the projects in line, we could be six to eight PCF by 2030 or so. But that's where the big demand is going to be as a percent. Remember, we produce 18, 19 BCF in Canada, so you add 6BCF on top of that.…From: this video · 3 claims mined from it

…every cycle since the 1970s. Thanks very much for having me, Morgan. I've been in the business since the early 70s. I started out as a merchandising analyst and on the side I was watching the energy side which the firm I was working for didn't have an analyst on. So I just got intrigued by what was going on with OPEC and of course then we had that great cycle from '74 to '81. I did a lot of historical analysis of super cycles and the commodity cycles and you can go back hundreds of years and thousands of years, even precious metals. There's data going back that far and so I became very intrigued about it and so my career from '74 on became focused on energy and I believe we started in my career, the third energy and commodity super cycle. The first one was '74 to '81 I think we all know, subbed to $3 to $36 and of course there were 15 times more move in the Canadian energy index during that time and the big name is Dome Petroleum. Then we had Paul Volcker shutting down inflation and then we had tough trading markets till 1999. In that first cycle, the buyer at the margin was Japan, the Toyotas and the D atsuns, Panasonics and the Sonys. In the '99 to 2008 cycle, it was China. They were producing formula barrels a day consuming three and a half,…From: this video · 3 claims mined from it