Paul Sankey: Oil Would Be Below $60 If It Weren’t For Saudi Production Cuts

Finally, you can easily access Bitcoin in a low-cost ETF with the VanEck Bitcoin Trust (HODL). Visit https://vaneck.com/HODLFG to learn more. VanEck Bitcoin Trust (HODL) Prospectus: https://vaneck.com/hodlprospectus/

__

Follow Paul Sankey on Twitter https://twitter.com/crudegusher

Follow VanEck on Twitter https://twitter.com/vaneck_us

Follow Jack Farley on Twitter https://twitter.com/JackFarley96

Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance

Follow Blockworks on Twitter https://twitter.com/Blockworks_

Paul Sankey research: https://sankeyresearch.com/

__

Use code FG10 to get 10% off Blockworks’ Digital Asset Summit in March: https://blockworks.co/event/digital-asset-summit-2024-london

__

Timestamps:

(00:00) Introduction

(00:55) Oil Market At "Equilibrium" Right Now

(08:51) “If It Wasn't For Saudi Production Cuts, Oil Would Be Below 60 Dollars, I'm Sure Of It”

(13:03) U.S. Oil Production Has Exploded

(18:25) VanEck ad

(19:07) The Mergers & Acquisitions (M&A) Cycle Has Begun In Oil (Diamondback-Endeavor Deal)

(25:40) Importance Of Inventory Quality (And Quantity)

(29:00) Management Issues

(32:38) Buybacks and Dividends

(35:50) Oil Companies With Strongest (And Weakest) Inventories

(38:07) Merger Arb In Deals That Haven't Closed

(44:43) How AI Will Impact Power Demand

(50:55) About Sankey Research

__

Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.