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Tag: energy

Contrarian Calls, Revisited: Theron de Ris’ Bullish View of Energy, Precious Metals, Royalty and Streaming Stocks

Published January 31, 2022

Theron de Ris of Eschler Asset Management was bullish on energy, precious metals and royalty and streaming companies in the mining market in November 2020. 

Precious metals were in an up-trend but 2020 was the “first year we’ll be seeing some institutional interest develop,” de Ris said at the time.

Additionally, “gold is kind of a bet against bad government decisions and falling trust in the system.” Royalty and streaming companies were poised to come along for the ride as these were “basically financing companies” to “bring mines into production” with the benefit of a cut off the top line, usually into perpetuity. 

Among these, de Ris’ favorite was EMX Royalties (EMX).

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Season 2, Episode 21: Prepare for the ‘L-Shaped’ Recovery

Published June 30, 2020

With David Neuhauser, Livermore Partners

David Neuhauser of Livermore Partners joins the podcast to discuss his expectation of a “L-shaped” economic recovery and corresponding sideways market activity in the years to come. 

There are still opportunities for investors. Here Neuhauser is bullish on certain companies tied to hard assets like oil and copper.

Content:

  • The “best days” of the market rally have likely passed (3:00), expect more rangebound markets in the short run (4:24);
  • What this period of low growth means for markets in the medium term (8:16);
  • What it means to be a contrarian today (9:39);
  • Background on the guest (12:11);
  • How he spends his time in terms of activist situations (17:40);
  • More specifics on opportunities in energy markets. Hint: it’s not in shale (20:31);
  • Concerns about the demand picture? (24:09);
  • There will be a “massive reset” in markets and fundamentals will take hold, causing “further grinding” to the downside, especially amid high-priced securities (26:45);
  • Neuhauser’s process for finding opportunities (27:46).

For more information on the guest:

Not intended as investment advice.

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Season 2, Episode 2: Energy Markets at a Turning Point, With Economist Peter Sainsbury

Published January 22, 2020

The history of tobacco companies and lead markets may hold lessons for investors

Economist and energy specialist Peter Sainsbury joins the podcast to discuss his thesis, that the fossil fuel industry faces a dilemma similar to what confounded big tobacco a generation ago.

Oil companies in particular are starting to be seen as “sin stocks” with institutions divesting themselves on ethical grounds. Much like tobacco companies reinvented themselves in the 1990s, energy companies can undergo a similar renaissance. Indeed the process of oil companies divesting harmful assets is already underway. This causes opportunities for investors. But first, expect headwinds.

Content:

  • Peter Sainsbury introduces his thesis (1:59)
  • The impact on energy companies’ share prices (8:16)
  • What about alternate energy? (10:27)
  • Background on the guest (15:58) and other areas of interest, including gold and gold miners (18:15)
  • Palladium may be frothy. One little-known indicator worth tracking (23:16)
  • Potential catalysts for supply-side disruption in energy markets (27:08)

For more information on Peter Sainsbury:

Not intended as investment advice.

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