Latest / The Competent Investor
Jesse Felder: This is the Type of Setup You Look For as an Investor
Recorded on: June 29, 2026
Jesse Felder highlights a striking divergence in oil markets: physical inventories, including the Strategic Petroleum Reserve, have plunged to multi-decade lows while demand hits records, yet institutional investors hold the most bearish positioning ever. This contrarian setup is amplified by the AI frenzy, which has drained interest from energy—despite the sector’s strong five-year performance. Insider buying in exploration and production (E&P) companies and an absence of commercial hedging signal confidence in sustainably higher prices. Felder argues that a decade…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.