
October 29, 2022 - Why We're Bullish on Energy Stocks
Why We're Bullish on Energy Stocks by Vivek Ramaswamy and David Sokel
Appeared in the Wall Street Journal on October 24, 2022
Gina's Thoughts
"JP Morgan estimates that by 2030 oil and gas companies will require an additional $1.2 trillion to $1.3 trillion in capital expenditures to meet demand. Chronic underinvestment in production now leaves the world at risk of sustained oil and gas shortages." Is a perfect storm in the oil and gas investment space taking place? The authors are bullish on US energy stocks and believe that if oil and gas companies invest in greater production and meet long-run demand, US energy companies can outperform. Ditto for Canada and Canadian energy companies.
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