What does 88E do?
88 Energy Ltd (ASX: 88E | OTC: EEENF) is an oil and gas exploration company focussed on a portfolio of assets in the North Slope of Alaska, USA.
What is the macro theme behind 88E?
The world is moving into a period of oil and gas scarcity following multiple years of underinvestment.
The demand shock caused by COVID-19 and the subsequent oil price falls lead to a destruction in activity on the supply side. With demand now recovering, the supply-side hasn't responded, which we think will lead to oil price pressures to the upside in the medium-term.