Dan Pickering, founder and chief investment officer at Pickering Energy Partners, joined Hart Energy’s Jessica Morales by Zoom to discuss the fallout from the devastating plunge in oil prices this week and where that leaves M&A.
Pickering also shared his take on the Texas Railroad Commission’s decision to not mandate oil production cuts, for now, saying: “Maybe the Railroad Commission comes in when demand gets better and we get closer to bridging that supply/demand gap. That’s when it’s really going to matter.”
As far as what energy investing in 2020 will look like moving forward, Pickering added, “The big guys are going to survive and you really have to start picking winners and losers in the smaller cap. Being very selective is what I would call energy investing 2020-style.”
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