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Oil prices dropped in the first half of March, spurring questions about the outlook for the sector.
Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners, said his bullish stance hasn’t changed. “Outside a global depression, I cannot come up with a thesis … that can supremely challenge my multi-year oil bull market thesis,” he said.
This interview was filmed on March 22, 2023.
#Investing #Energy #Oil
0:00 – Intro
0:28 – What caused oil’s recent price drop?
2:13 – Inventory drawdowns to accelerate
5:57 – Current status of oil supply
10:43 – Oil demand in a recession
13:11 – Can oil hit US$100 a barrel in 2023?
16:19 – Most attractive oil opportunities
21:47 – What could stop oil’s positive path?
24:28 – Outro
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