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Collection: Peter Lynch - #6 'Energy'


Video Link: https://youtu.be/RaZK6wDpuwI


In this episode, Peter Lynch was asked what does he see in energy?


In this episode, you’ll learn:

  • Peter Lynch's point of view on energy.

To check out all Collection: Peter Lynch <click here>

[Transcript]

(Source: https://video.foxbusiness.com/v/6117461044001/#sp=show-clips)

INTERVIEWER 00:00

One broad area that you’ve recently said might be interesting is energy and it’s very unloved on Wall Street right now. What do you see in there?


PETER LYNCH 00:08

Well the difference between a glut right now and shortage it’s like 1 million barrels a day. The world consumes 100 million barrels a day. 1 million each way. So if the economy stays okay and these shale wells you do a thousand barrels a day the first month, a year later 300.


INTERVIEWER 00:27

Wow.


PETER LYNCH 00:27

And then 150.


INTERVIEWER 00:28

Big drop off.


PETER LYNCH 00:29

It’s a real treadmill and right now there’s no private equity money, there’s no IPOs, there’s no bond market, the banks went out private equity wants out. Shale is going to slow down.


So, these people that think the shale is gonna keep growing to 2-3 million barrels a day. We’ve gone from 5 million barrels in the U.S. producing to 12.5. People think that’s gonna continue, I don’t believe in that.


INTERVIEWER 00:47

Peter Lynch, thank you very much.


PETER LYNCH 00:49

Thank you.

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