• 3 hours Trump's top energy adviser resigns
  • 1 day Mike Pompeo, CIA Chief, Met Secretly with NK Leader Kim Jong-un
  • 8 hours Maduro Under Pressure: EU Says May Impose More Sanctions On Venezuela If Democracy Undermined
  • 21 hours Russia retaliate: Our Response to U.S. Sanctions Will Be Precise And Painful
  • 1 hour Bills passed to guard energy grid from cyberattacks
  • 3 hours Walmart and VW's Electrify America Team Up To Build Massive EV Charging Network Across US
  • 9 hours Anybody Watching Aluminum Stocks Today??
  • 5 hours Without U.S., Germany...These 11 Countries Could Be The Future Of The Global Economy
  • 1 day No lower offshore drilling royalty rates
  • 10 hours Is Today's Tesla News Good or Bad?
  • 15 hours New EV ETF Bets Bigger on BHP than Tesla
  • 3 hours Trans Mountain Gets More Support Than You Might Think
  • 10 hours Facebook, Microsoft, and Other Tech Companies Pledge To Never Help Governments Launch Cyberattacks
  • 9 hours Trump: "Larry, go get it done,'” - US to rejoin TPP
  • 19 mins Vistra Energy Says Coal Won't Come Back
  • 1 day EIA Inventory Data (Wednesdays)
Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

More Info

Trending Discussions

Who To Back When Oil Rebounds

In my book Shale Boom, Shale Bust, I isolated three places one could reasonably invest for the long term to bet on the (I believe) inevitable boom cycle in oil that will reemerge in 2017. The first, the E+P ‘survivors’ of the long cheap oil ‘winter’, I’ve talked about almost exclusively and at length. The second, infrastructure and services, hasn’t yet fully revalued for the huge production shifts and decreases to come – and therefore remains an investment for the future.

Finally, there are the ‘vultures’ – Those cash-rich companies and private equity groups that can pick off the assets of the distressed, debt-laden producers being forced to delever. In my book, I mentioned two likely candidates for this: Exxon-Mobil (XOM), a possible buyer of a big shale player and Blackstone (BX), one of several PE firms who have established big independent funds that will concentrate on distressed energy assets.

But what if a true oil ‘landsman’ - who had already built a great shale company - wanted to reemerge at this moment in the bust cycle to build another company from scratch? This is precisely what Mark Papa, the ex-CEO of EOG Resources (EOG), is intending to do with his SPAC: Silver Run Acquisitions (SRAQU). I believe it represents a great long-term opportunity.

Recently, I was deeply considering the idea of a managing a focused energy fund. What an incredible advantage, I thought, to be able…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News