Podcasts

PetroEquity Signal Boardroom Special: Shell Acquiring BP Episode Two — Still inside the Bank

We are still inside the fictional PetroEquity investment bank, Oberon and Jessica develop the theoretical Shell acquisition of BP into an internal pitch book, exploring the valuation, history and confidence problem that could make the idea worth taking seriously.

Pes boardroom series s01e02

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Oil Rich, Equity Poor: How Debt Ate Tullow Shareholders

Debt can let shareholders control more oilfields, but it can also leave them with little of the economics. Tullow’s latest shock shows how valuable producing assets can survive while leverage erodes the equity beneath them.

The New World Energy Order

An audio version of my World Energies Summit 2026 speech on the new global energy order: stronger oil & gas demand, renewed exploration, higher costs of capital, and what the next upstream growth cycle means for companies and investors.

Harbour Energy’s Valuation Discount Is Becoming Harder to Justify

Harbour Energy’s shareholder base, balance sheet and per-share economics are changing. As legacy holdings unwind and the enlarged portfolio begins to deliver, the case for its valuation discount is becoming harder to sustain.

Resource Duration Is Back. Cheap Capital Is Not. Risk Never Left.

Resource duration is back, but cheap capital is not. We look at how higher financing costs are reshaping project economics, shareholder returns and who should own long-life oil and gas resources through development.

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Oil Rich, Equity Poor: How Debt Ate Tullow Shareholders

The New World Energy Order

Harbour Energy’s Valuation Discount Is Becoming Harder to Justify

Resource Duration Is Back. Cheap Capital Is Not. Risk Never Left.