Billionaire Names Oil Stocks He Calls ‘The Investment Opportunity Of My Career’

  • 📰 Forbes
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 53%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

John Goff sees huge gains for distressed frackers especially if they follow Big Tobacco's playbook for declining businesses.

John Goff in the lobby of the glass-faced, 20-story McKinney & Olive office tower in Dallas, which his Crescent Real Estate built and still mana­ges. The lip-shaped sofa is by Cassina.

Back in 2008, when oil hit a record high of $147 a barrel , all the talk was of Peak Oil supply. Today oil trades at $53 and makes up just 2% of the index—and market watchers are pushing the idea that we’ve already passed Peak Oil“Before the world does not need any more oil, we will suffer a shortage,” he predicts. The world may be burning nearly 10% less oil than the pre-pandemic 101 million barrels per day, but, he says, “don’t mistake Covid-related weakness for a secular shift.

Indeed, Shale 2.0 has gotten religion about needing to “live within cash flow,” says Ben Dell, managing director at New York–based private equity outfit Kimmeridge Energy. He shares Goff’s enthusiasm for restrained growth.

Although Goff likes buying private deals via Contango, he insists that “the best opportunity is in the public market”He learned that lesson early from his years working with Rainwater, who, starting in the 1970s, helped Fort Worth’s Bass brothers turn a modest oil inheritance into a multibillion-dollar portfolio that at one point included 10% of Texaco, 5% of Marathon Oil and a controlling stake in the Walt Disney Company.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Tech Soon to be ex-billionaire

Tech like bitcoin?

“billionaire pumps his bags to idiots who don’t understand that green energy is the future”

Hello, hope you are well i am seo specialist , i can provide paid guest posting , i have good quality sites with high DA and traffic so if you want let me know i waiting for your reply contact me email ranaqayyum21gmail.com

Wow... That couch only fits in my backyard 😅

elonmusk need to made Starlink publicly traded company, that would be best investment in next 10 years.

Here’s a tip. Buy xrp

Do dole out few million $ for poor countries & keep close watch how & where it's spent ..... thanks.

Well his career will soon end in a blazing crash.

Lets Short em!!

The journey to your success begins now by clicking Charloteamelia7 she has done a lot for me, choosing her to trade my bitcoin was a good choice

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 394. in RU

Россия Последние новости, Россия Последние новости