TIP468: Why Buffett is Investing in Oil Companies W/ Josh Young

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Business, Education, Investing

4.6 • 3.6K Ratings

🗓️ 12 August 2022

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN: 03:15 - Why the price of oil has been experiencing 30% swings in Q2. 07:23 - How the war between Russia and Ukraine has been affecting the oil and gas markets. 26:50 - How interest rates continue to climb could affect the supply and demand of oil. 31:06 - Recession risks for oil and why some smaller producers are experiencing very low valuation multiples. 53:39 - Why Buffett’s Berkshire Hathaway has now invested $26B into Chevron and $13B into Occidental and shows no sign of slowing down. 56:40 - How retail investors can think about investing like Buffett with a much smaller portfolio. 1:08:10 - A forecast for airline stocks. And a whole lot more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Bison Interests' Website. Josh Young's Twitter. Bison's Research on Buffett Trey Lockerbie Twitter. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Range Rover Vacasa AT&T The Bitcoin Way USPS American Express Onramp Found SimpleMining Public Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TI-P.
0:03.0	My guest today is oil and gas expert Josh Young.
0:06.4	Josh is the chief investment officer and founder of Bison Interest, which focuses on investing
0:11.5	strictly in oil and gas companies which has become very contrarian over the last few years.
0:16.3	We had Josh on the show in Q1, it was episode 429, and we're blown away with the extent
0:21.4	of his knowledge which is very useful at the moment as oil swings from decade highs
0:25.2	to 30% lows.
0:26.8	A lot has been happening in the oil and gas market so we spend the first half of the discussion
0:30.7	catching up on Q2 headlines and spend the back half of the show discussing Buffett's
0:34.8	recent massive investments in both Chevron and Occidental.
0:38.5	In this episode you will learn why the price of oil has been experiencing 30% swings in
0:42.5	Q2, how the war between Russia and Ukraine has been affecting the oil and gas markets,
0:47.3	recession risks for oil and why some smaller producers are experiencing very low valuation
0:51.9	multiples, why Buffett's Berkshire Hathaway has now invested 26 billion into Chevron
0:56.8	and 13 billion into Occidental and shows no signs of slowing down, how retail investors
1:01.8	can think about investing like Buffett but with a much smaller portfolio, a forecast for
1:06.2	airline stocks and a whole lot more.
1:08.5	I always learn a ton from Josh and this one is a doozy, I hope you enjoy it so without
1:12.9	further ado, here's my conversation with Josh Young.
1:17.3	You are listening to THE Investors Podcast, where we study the financial markets and read
1:25.4	the books that influence self-made billionaires the most.
1:28.6	We keep you informed and prepared for the unexpected.
	...

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