02.13.2023 - By Andrew Walker
Josh Young, CIO of Bison, returns to the podcast to discuss what's going on in the energy markets and his recent investment thesis for Vital Energy (VTLE).
Bison's VTLE thesis: https://bisoninterests.com/content/f/vital-energy-is-deeply-discounted
Chapters
0:00 Intro
3:15 What's happened in energy stocks since Josh's last appearance
5:45 Discussing the outlook for nat gas
15:10 Josh's current outlook for oil
24:30 Is the oil market properly reflecting China's reopening
29:30 Can Russia keep up current production levels?
34:35 VTLE overview
51:00 Breaking down VTLE's assets a little further
57:35 What are the little things that energy companies do to improve operations
1:01:20 Has VTLE earned the right to pursue M&A;?
1:07:00 VTLE's base case NAV valuation
1:11:30 Will private equity ever step back into the energy space?