We wrote our last major equity/management strategy thesis “The Renaissance of US E&P” in 2017; the sector had to pursue less growth, more capex discipline, less hedging, more cash return. Arguably, although it took until post-COVID, the US E&P sector delivered. Today, we release our next major thematic: “The Heavyweight Championship of US E&P”, which in some ways reverses the Renaissance theme, arguing that medium and smaller cap E&Ps should grow to scale, for a … Continue reading Thematic: The Heavyweight Championship of US E&P