[00:40] Exhibit A-C: Oil, Gas, & Macro
Hunt discusses the unusual behavior of oil in the market, emphasizing its large surplus capacity. The scenario with natural gas is contrasted, noting its struggle due to the fact that supply continues to outpac demand. The conversation touches the broader fiscal landscape, including the challenges the U.S. government faces regarding deficit and security financing.
[03:53] Who can double cashflow in next 3-5 years?
The chapter delves into potential companies that could see significant progress in their free cash flow over the next 5 years. Tesla and NVIDIA are highlighted, while Celsius and Vertex are also discussed as having the possibility of significantly growing free cashflow. The focus is on understanding the growth prospects of these companies and the factors that might influence their financial trajectories.
[23:45] The Basis Trade
This chapter delves into macroeconomic factors, highlighting a concerning article from the Financial Times about the repo market's use by hedge funds in interest rate futures. For more on this, check out this FT article.
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