EP.40: The Next Phase of the Oil Cycle: Why Refiners Win
“These [oil] cycles, and we can get into it, they move up in three waves. They go doubt, pullback, optimism, a pullback, and then parabolic euphoria.”
“The well count is starting to bottom out, and even as of the latest Texas Railroad Commission data that was just updating for this call, it looks like that's bottoming out too.”
“So I think the best ones that is now front and center is obviously the refiners, and I still think that there's a lot left in the tank.”
"If you go back and look at the mega tech capex... there is not one single metric around meeting a capital budget."
Robert Connors…
The skinny
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