Step on the gas

Report Date: 20th January, 2023

We are long oil. The oil price is likely to get to USD120/bbl by mid-2023 and average USD140 bbl in 2024. That makes oil stocks very attractive in terms of valuation, cash flow and leverage.

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Author: Independent Strategy

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In the Media

Confidence in China isn’t coming back

Confidence in China isn’t coming back

David Roche CNBC Asia Squawkbox 08/11/23

David Roche does not think Iran will enter the mideast war, but he lays out scenarios if the conflict were to expand

David Roche does not think Iran will enter the mideast war, but he lays out scenarios if the conflict were to expand

David Roche CNBC Asia Street Signs 20/10/23

The US could slip into recession next year because the Fed seem determined to keep rates high for too long

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David Roche CNBC Asia Street Signs 20/10/23

China in the next decade

China in the next decade

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