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>> No.53469059 [View]
File: 150 KB, 545x535, oil_civ3.png [View same] [iqdb] [saucenao] [google]
53469059

>>53468958
Watch 6m4s to 8m45s
>"You can't justify production growth. If an oil executive and board doesn't want to buy their stock today, why the hell should I AS THE THIRD LARGEST ENERGY FUND IN THE WORLD?"
Not only is the fracking tech overrated for remaining reserves, but shareholders will not allow companies to partake in another shale boom in this volatile oil environment. The capex simply isn't there and is instead going into massive buybacks and dividends. He does call that natgas will go to zero this spring

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