Goehring & Rozencwajg (G&R) managing partner Adam Rozencwajg believes oil prices could rise to $80/barrel and higher this year and that natural resource equity investments are radically undervalued. In this podcast with Cris Sheridan, Senior Editor at Financial Sense Wealth Management, Mr. Rozencwajg discusses G&R’s 2020 outlook for oil, natural gas (not as bullish), gold (very bullish) and uranium (you guessed it, bullish)! He further elaborates on the massive asset outflows from both dedicated natural resource equity funds and value-based equity funds that have contributed to a significant lag in natural resource equities versus their underlying commodity.
Other highlights from Adam’s interview on January 9, 2020 include:
- Why the 60% year-over-year decline in shale oil production growth is the most important natural resource story in 2020
- Why the rig laydowns in 2020 could be more impactful to oil prices than in the recent past
- Why gold has entered a new bull market phase that could take prices to new cycle highs
- Why uranium stocks represent fantastic value
To listen to this interview, please click here.