Stansberry Research

Finding Worthwhile Energy Stocks Amid Rising Risk

The Stansbury Investor Hour featured Josh Young of Bison Interests, a small‑cap oil and gas specialist, discussing how to locate attractive energy equities as geopolitical uncertainty rises. Young highlighted Bison’s near‑400% gain since 2015 despite the sector’s 65% drop, attributing success to a bottom‑up, fundamental approach that shuns technical hype. He warned that large integrated producers and refiners are trading at steep premiums, while the real upside lies in undervalued independents and service firms. He quipped that his “crystal ball is broken,” then stressed that without secure private‑property rights, even massive capital commitments—such as potential Venezuelan projects—remain speculative. He cited Russia and Iran as the most immediate geopolitical threats to supply stability. For investors, the takeaway is clear: steer clear of overvalued majors, monitor geopolitical flashpoints, and seek small‑cap producers or oil‑field service companies priced at three‑times earnings or less, where a modest recovery can generate tenfold returns.