https://tagware.info/2021/03/a...
Be interested in the views of other Stockopedia users to the threat.
Administrator of CCS Pension Fund.
Recommend this video by Tony Seba and colleague. They believe that SWB (Solar, Wind and Batteries) will continue dropping in price rapidly leaving fossil fuels and Nuclear "Stranded".
They say the standard calculation for valuing these energy producers fails to take *Change* into account, whilst assuming that the closed market will continue forever. Thus producing a "Bubble".
Can see oil & gas companies being takeover targets as woke western insiders wish to get out of a now stigmatic industry whereas there will be always buccaneers who see oil & gas 'undervalued assets' as an opportunity
Yes, this is the report that the article was referring to. :o) It's all going to get very upsetting for the market once they wake up.
Renewables are able to generate approximately 10x the energy required to capture said energy (mining, assembly, maintenance, transmission etc.), whereas nuclear is able to generate 100x.
Coal, oil, and natural gas are on the way out, likely in that order. Nuclear will be with us a long, long while yet.
I reckon oil and gas are a fantastic contrarian investment right now. People are deluded if they they think solar and wind will heat our homes and power industry. In winter my 6kW array of solar panels would barely power the microwave. Germany relies on coal power and has binned nuclear. Running EVs on coal generated electricity is pure madness. Most of the world cannot afford 40k EVs which won't get any cheaper cos Lithium and copper prices are going through the roof.
Agree on gas being great contrarian play. Gazprom (I hold) is available today at 40% of book and has Nordstream 2 and increased delivery to China in the pipe.
