Contrarian

Base Metals: A Decade of Shortages Ahead

Base Metals: A Decade of Shortages Ahead

04/21/2023
The article below is an excerpt from our Q4 2022 commentary.“The Decade of Shortages” was the unofficial theme for our investor day, held on November 3rd, 2022. Our audience heard presentations from...
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[Podcast] MacroVoices: A discussion around Energy, Gold, Copper and Uranium

[Podcast] MacroVoices: A discussion around Energy, Gold, Copper and Uranium

04/14/2023
Adam Rozencwajg, CFA, Managing Partner at Goehring & Rozencwajg, recently joined MacroVoices host Erik Townsend to discuss the energy, gold, copper, and uranium markets. This recent discussion...
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Weather Presents a Natural Gas Buying Opportunity

Weather Presents a Natural Gas Buying Opportunity

04/05/2023
The article below is an excerpt from our Q4 2022 commentary.Our Q1 2022 letter explained why North American natural gas prices would surge. After making a 25-year low of $1.48 per mmcf in June 2020,...
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Why Oil Markets Will Outperform Expectations in 2023 

Why Oil Markets Will Outperform Expectations in 2023 

03/31/2023
The article below is an excerpt from our Q4 2022 commentary.We believe investors are being far too complacent about oil markets.After making a 14-year high of $130 per barrel in March, prices have...
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Natural Resources Market Commentary

Natural Resources Market Commentary

03/24/2023
The article below is an excerpt from our Q4 2022 commentary.Commodity prices rebounded in Q4. Natural resource-related equities were firm.Investors came back into commodity-related markets, hoping...
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The Incredible Shrinking Super-Majors Part IV: What the Stock Market thinks of ESG 

The Incredible Shrinking Super-Majors Part IV: What the Stock Market thinks of ESG 

03/15/2023
The article below is an excerpt from our Q4 2022 commentary. “BP’s CEO Plays Down Renewables Push and Returns Lag” “Mr. Looney [(BP’s CEO)] has said he is disappointed in the returns from some of the...
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The End of Abundant Energy: Shale Production and Hubbert's Peak 

The End of Abundant Energy: Shale Production and Hubbert's Peak 

03/09/2023
The article below is an excerpt from our Q4 2022 commentary.Crude oil fundamentals are very tight and risk getting considerably tighter. Investors continue to starve energy companies of much-needed...
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Market Recap - Q3 2022

Market Recap - Q3 2022

12/20/2022
The article below is an excerpt from our Q3 2022 commentary.Inflation continued to surprise to the upside in Q3. Aggressive central bank tightening and ongoing worries over China’s “COVID-zero”...
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Why Won't Energy Companies Drill?

Why Won't Energy Companies Drill?

12/07/2022
The article below is an excerpt from our Q3 2022 commentary.The most pressing question facing oil markets is why US shale drilling remains so muted despite high prices. A simple question whose answer...
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[REPLAY] 2022 Investor Day - The Coming Decade of Shortages

[REPLAY] 2022 Investor Day - The Coming Decade of Shortages

11/18/2022
Goehring & Rozencwajg hosted afascinating one-day live eventto discusshow to prepare for the coming decade of shortages in everything from energy to materials and agriculture,on Thursday,...
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