Doc Jones – Bullish Fundamentals For Oil, Nat Gas, and Petrus Resources
Doc Jones, Private Investor, joins us to discuss his macro thoughts on the energy sector, and some of the bullish fundamental drivers he sees in the oil and natural gas markets that will continue to underpin higher prices. We also get his thoughts on a growth-oriented oil producer, Petrus Resources (TSX:PRQ) (OTC:PTRUF) that he likes heading into this year. Doc Jones outlines the growth case based on increasing production relative to fixed sunk costs already in place, their hedge contracts rolling off, and the pathway to paying down debt. We wrap up with some of the exploration upside they have on the Company’s three core operating areas – Ferrier, Central Alberta, and the Rocky Mountain foothills.