Conoco “Looks Cheap”, Opportunities in Permian E&Ps: Pickering

The video discusses the current challenges in the oil sector, including increased regulation and market apathy, which have led to undervalued stocks. It explores the unrealistic nature of a fracking ban and its potential impact on energy prices. The focus shifts to Conoco's strategic plan, which adapts to a low-cost supply model, and highlights industry trends towards capital discipline and better returns. Key players in the industry, such as Permian producers, are identified as having attractive resource costs, with potential for future investor interest.

What is one of the main reasons the oil sector stocks are considered cheap according to the discussion?

• Rising global oil prices

• More regulations and apathy towards the sector

• Technological advancements in oil extraction

• Increased demand for oil

Why is a fracking ban considered unrealistic in the discussion?

• Fracking is not widely used in the industry

• Fracking is environmentally friendly

• It would lead to higher energy and gasoline prices

• There is no political support for a ban

What is a key aspect of Conoco's ten-year plan?

• Relying on oil prices to rise significantly

• Expanding into new markets aggressively

• Adopting a low-cost supply model

• Focusing on high-cost supply models

What is the broader industry trend mentioned in the discussion?

• Shifting entirely to renewable energy sources

• Increasing reliance on government subsidies

• Prioritizing capital discipline and sustainable financial practices

• Focusing on rapid growth and expansion

Which companies are highlighted as having great positions in low-cost basins?

• ExxonMobil and Chevron

• TotalEnergies and Equinor

• EOG Resources and Diamondback Energy

• Shell and BP