Goehring & Rozencwajg Team
“Looking forward, we still think the IEA is once again far too optimistic regarding its 2019 estimates for non-OPEC production outside of the US and Russia. Instead of growing by 120,000 b/d, our...
“Based on our models, inventories will now resume their steady draws throughout the rest of the year and prices will resume their advance.” While the severe weakness over the past several months...
“For the first nine months of the year, Chinese imports are up an incredible 50% year-on-year. We estimate that total 2018 LNG imports could approach 8 bcf/d – far above analysts’ expectations.”
Happy New Year! From the pop in natural gas prices to the sharp selloff in crude oil prices, 2018 packed a punch for natural resource investors. For your reading enjoyment, here are our top three...
In our second blog in this series, we attempt to analyze the real size of recoverable Saudi reserves, as well as the reasons Saudi Aramco may have pulled their IPO, which would have been the largest...
Prior to the decline in oil prices this year, one of the more intriguing front-page stories was whether Saudi Aramco would go public. An IPO of this size would have been the largest stock flotation...
“While it is still possible to grow production, it is requiring more and more effort to do so. Eventually, the deterioration of well quality overtakes the ability to increase development and the...
“This is exactly the type of market we love to be involved with: prices are still 80% off their highs, investor interest among generalist investors is extremely low, and the fundamentals have turned...
Based on extremely favorable supply and demand trends, especially in India, copper continues to be our favorite metal.