/biz/ - Business & Finance

$70-$90 is actually the sweet spot for oil. At that level it's competitive to renewables, no demand destruction, and E&Ps print $$$.

The play from here are in quality names with good assets and management teams that are doubling down on debt reduction/buybacks.

Oil majors are a joke. You really don't want downstream exposure not to mention majors piss away money.

Small cap/shitco gassy permian stuff is a scam. Anything not already owned by a big boy is going to be drilled out in 10-15 years.

- CNQ is the goat Canadian asset.

- FANG an absolute steal right now. Sleeping horse with hardly any dividend because management is just paying off all their debt.

- Midstream such as PAA/WES are going to go gangbusters if we get a red wave (more drilling == more midstream volume). In the meantime 9% dividend plus debt paydown.

All these will do very well through end of 2023.