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We know it’s not very woke, but we still like oil and gas
Marc Kennis, July 12, 2023
Stuart Roberts from Stocks Down Under says he isn’t popular at cocktail parties, being a fan of oil. He sees oil easily heading back above $100 a barrel as “that huge sucking sound” is the world demanding oil just as supply is hampered. He says gas projects of all stripes are looking attractive right now – so much for gas being a brief “transitory” fuel as the world transitions to renewables.
Stuart thinks Beach Energy (ASX:BPT) is in particularly good shape, while BHP offloading oil and gas was bad timing but good for Woodside (ASX:WPT). Stuart brings to our attention a little known gas player that has a big backer in Santos (ASX:STO).
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