Transitioning The Transition To a Rest of World Focus
This week we provide a video update on our view about the need for “energy transition” as a concept to itself transition to one that is focused on meeting the energy supply needs of the 7 billion people that live outside of the United States, Canada, Europe, and Japan.
Re-Centering “Energy Transition” To a Rest of World Focus
Our key takeaway coming out of CERAWeek 2023 was that the “energy transition” as a concept needed to transition, a perspective we believe is slowly being recognized by policy makers, energy companies, and the financial community.
The Freedom to Grow Base Distributions
Following a really poor decade of performance, the need to prioritize return on capital improvement and fixing the balance sheet was non-negotiable coming out of the deep COVID trough. Two and half years later, profitability is now dramatically better and balance sheets are largely fixed. The 2021-2022 get-better-or-die stage is over.
Where Are We In The Cycle
This week we present an update on “Where Are We In The Energy Cycle” with a focus on (1) sector profitability; (2) financing for traditional energy; and (3) the need to “extend the runway” by which companies can generate advantaged returns and shareholder distributions.
FAQ: OPEC Cuts and Forward Curves Amidst a Super Vol Macro Backdrop
This week we return to a Q&A styled note to address implications of the surprise OPEC cut from last Sunday. As always, our ultimate focus is on how this event impacts our intermediate- and longer-term views.
Will the Grass Be Greener as a Private? A Focus on SMID-Cap Traditional Energy
In this post, we revisit the pros and cons of ownership structure with a focus on SMID-cap traditional energy.
The PTSD Pullback, Part 2: Goodbye Europe…Hello Rest of World?
We’ve seen the movie before, right? Recent broad market and energy sector turmoil has an eerily familiar feel for anyone who lived through 2008 and the Great Financial Crisis (GFC). I personally don’t believe this is GFC2, but I also do not have a track record of successfully having called GFC1, so who knows. Clearly, […]
Super-Spiked Videopods (EP22): Risk Taking in the Age of Transition-Driven Austerity
This week’s Super-Spiked video podcast is a discussion on risk taking and future capital availability for traditional energy companies of all shapes and sizes.
The “Energy Transition” Needs to Transition
Over 30 years in and around the energy sector and this was my first ever CERAWeek. Key takeaways: Five questions coming out of CERAWeek 2023: (1) Will the concept of “energy transition” transition to one that does not drive a super vol macro backdrop of price spikes followed by price busts, economic damage, and no […]
Zigging While Others Zag In A Super Vol World
With this post, Super-Spiked will now be exclusively affiliated with Veriten, a research, strategy and investing firm focused on understanding the long-term energy landscape. It will continue to be published free of charge on Substack. Please see the “On A Personal Note” section for additional details.