The last presentation of the day by Strachan was really interesting too. He put forward his ideas about how the transition towards zero 2050 can coexist with a highly profitable (but slowly shrinking) oil and gas sector.
I think we are already seeing a whole bunch of highly.profitable O&G companies that are severely undervalued because some think (wrongly) they won't be around in a decade and because some funds are avoiding them due to ESG concerns/policies.
I think we will see large sections of the industry go private in the coming years.
Ann: Good Oil and Gas Energy Conference Presentation, page-76
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