"shift from fossil fuels is a boon for smaller players" | TGA Message Board Posts


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Msg  8447 of 8451  at  10/14/2021 2:11:56 PM  by

rocback

The following message was updated on 10/14/2021 2:14:28 PM.

"shift from fossil fuels is a boon for smaller players"

 
Good article about how the majors are being starved from increasing production, leaving smaller players like TGA to profit from the coming shortage.
 

"This should be a great time for energy investors. Few of them are still around to enjoy it.

Years of awful returns and pressure from clients to exit from the oil-and-gas business have left fewer and smaller firms able to take advantage of rising prices and help boost production. The unwillingness of some banks to make energy loans has compounded the challenges to boosting energy supplies.

Those left are moving to increase production, but they are relatively small players who won’t be able to make a significant impact on output. Investors are steering capital away from fossil fuels and toward companies that rank high in environmental, social and governance, or ESG, measures."

 
 
https://www.wsj.com/articles/investor-shift-from-fossil-fuels-leaves-surging-market-to-smaller-players-11634117402
 
Another article quotes the IEA finding that oil demand wont peak until the mid 2030's.  This could be setting up a perfect storm for co's like TGA. 
 


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