Returns AND Growth With Long-Term Buybacks
We turn back to our favorite topic and that is profitability and the goal of generating superior long-term share price performance.
Q&A and Clarifications On Fading “Energy Transition”
We use the Q&A format this week to address burning questions and important points of clarification from last week’s post, So Long “Energy Transition,” Hello Meeting Global Power Growth
So Long “Energy Transition,” Hello Meeting Global Power Growth
We are just past the three-year anniversary of the IEA’s infamous Net Zero by 2050 report that among other things stated “no new oil & gas fields are required” and joined the climate hawk chorus demanding oil and gas firms aggressively transition to new energies that they believed would inevitably render their legacy businesses obsolete.
Pushbacks, Perspectives, and Random Thoughts
We are just back from 8 straight days on the road, so this is going to be a short video podcast that touches upon three themes.
Q&A and Clarifications on Everyone on Earth Being Energy Rich
This week we address ten of the burning questions many of you have about our Obliterating Peak Oil Demand series using the popular Q&A format.
Oil’s Peak Demand: Everyone Is Rich
Our main issue with the peak oil demand narrative is that it doesn’t solve for how everyone on Earth will someday enjoy the lifestyles The Lucky 1 Billion of Us take for granted.
Obliterating Peak Oil Demand: A Progress Update
In this week’s post we assess near-term “peak oil demand” signposts, none of which support the idea that a peak is imminent by or around 2030.
CROCI Deep Dive Discussion
We follow up on last week’s deep post on cash return on gross capital invested (CROCI), which we view as a complementary profitability metric to return on capital employed (ROCE).
Diving Deeper Into CROCI, A Cash Returns Complement To ROCE
This week we dive deeper into cash return on gross capital invested (CROCI), a “cash-on-cash” corporate profitability metric that we see as an excellent complement to our long-standing use of return on capital employed (ROCE).
Spring Check-In On Growth And Returns
This week we check-in on what in essence are the ultimate drivers of any sector: growth and returns. In our view, traditional energy valuations reflect skepticism on the sustainability of both metrics.