We’re branching out for this episode. Today, it’s all about energy. As metals markets have moved violently higher across the board, we called on Josh Young to hear his take on where we are in the energy cycle. We’re hunting for potential value. Josh unpacks with us: • The “oil glut” narrative • Why funds are max bearish • What’s next for shale • Why people get China wrong • Which stocks are showing the most value • The companies that are over valued This was recorded on 12.2.2026. …………...… ...
We’re branching out for this episode. Today, it’s all about energy.
As metals markets have moved violently higher across the board, we called on Josh Young to hear his take on where we are in the energy cycle. We’re hunting for potential value.
Josh unpacks with us:
• The “oil glut” narrative
• Why funds are max bearish
• What’s next for shale
• Why people get China wrong
• Which stocks are showing the most value
• The companies that are over valued
This was recorded on 12.2.2026.
…………...…
DIRECTOR'S SPECIAL EMAIL
Join 16k+ subscribers to the Director’s Special: one daily email with all the news that matters in mining
……………
TIMESTAMPS
(0:00) Introduction and Energy Market Overview
(3:50) Supply and Demand Fundamentals
(7:00) Capital Starvation Cycle
(12:00) Shale Innovation and Decline Rates
(17:50) Demand Growth and China
(25:40) US Shale Production Outlook
(30:00) Oil Majors Valuation
(35:20) Services Sector Opportunities
(38:20) Cost Curves and Breakevens
(39:50) Royalty Companies Analysis
(45:30) Geographic Valuation Differences
(50:00) Geopolitical Risk and Iran
……………
PARTNERS
Exceed Capital – Diversify your portfolio with Exceed’s property funds
SS&C Intralinks - Powering deals with unmatched security and efficiency
Sandvik Ground Support – The only ground support you’ll ever need
Focus by Marketech – All your mining news and market needs in one powerful platform | 10-day free trial
……………
FOLLOW & CONNECT
• YouTube: @MoneyofMine
• Twitter / X: @moneyofminepod
• LinkedIn | Instagram | Facebook
• Travis Ricciardo: @TRAVmoneyofmine
• Jonas Dorling: @JDmoneyofmine
• Email us Word on the Decline: gc@moneyofmine.com
……………
JOIN THE GROUP CHAT
Join the Money of Mine Discord Server
……………
DISCLAIMER
All information in this podcast is for education and entertainment purposes only and is of general nature only. Please ensure you read our full disclaimer.
