Kontrarian Korner #19 - Brynne Kelly

After talking with Vince Lanci VBL a while back, he said I should have Brynne Kelly on to talk about oil markets, and after the recent action in oil, I figured now was as good of a time as any. We talked about oil and natural gas, LNG, energy infrastructure, among other topics.Podcast Summary* Her view on owning energy equities, and why she prefers to get energy exposure directly through the commodities.* OPEC spare capacity as the overhang on oil markets for now.* Her thoughts on oil going negative in 2020, and how storage and infrastructure are a bottleneck for oil and natural gas.* How she uses the shape of the futures curve to gauge sentiment and positioning.* The regulatory risk for investing in energy infrastructure, and her thoughts on geopolitical risk.* Her time horizon with a typical trade.* LNG (liquefied natural gas), and why she’s skeptical that all of the planned projects will get built.* Why interstate pipelines won’t happen in this environment, and hydrocarbon infrastructure will not be brought online without a political change or significant crisis. * Book Recommendation: Short by Cortwright McMeel.Kontrarian Korner is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you’d like to discuss this with other subscribers or get access to bonus episodes, visit www.kontrariankorner.com/subscribe