Bison Insights: Expert Interviews

Thoughts on Oil & Gas Stocks, Oil Prices, The Iran War and More

Josh Young — Sun, 29 Mar 2026 20:40:55 GMT

I did an impromptu live discussion here on Substack earlier today. I discussed oil & gas stocks and the uneven nature of the recent rally, oil prices, the Iran war, and more.

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I referenced the most recent Bison Insights sale email:

and the great performance most Bison Insights ideas have achieved so far, on an absolute basis and vs the oil & gas ETF XOP:

Let me know what you think!

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Disclaimer: This is for informational and educational purposes only. This is not an offer of securities, solicitation, or investment recommendation. Please consult an advisor and do your own diligence. Past performance may not be indicative.

Timely Discussion with a Former US Naval Intelligence Officer

Josh Young — Tue, 24 Mar 2026 21:32:10 GMT

Conversation with a former US Naval Intelligence Officer, who focused on Iran related issues during his multiple years of service in the region, along with other related professional experience.

Disclaimer: This is for informational and educational purposes only. This is not an offer, solicitation, or investment recommendation. Please consult an advisor and do your own diligence. Past performance may not be indicative.

Three Stock Ideas with Huge Upside Potential from Higher Oil Prices

Josh Young — Sun, 15 Mar 2026 14:41:37 GMT

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By request, I’m sharing an updated oil market analysis and macro perspective, along with three of my favorite oil stock ideas with huge upside potential from higher oil prices. This is not an offer, …

Oil Market Update: Live With Josh Young

Josh Young — Thu, 05 Mar 2026 15:52:34 GMT

Spontaneous live update on Substack, with some thoughts on the oil market, an explanation of what I’m trying to accomplish with Bison Insights, and a walkthrough of some ideas and my idea track record.

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The ideas on Bison Insights have done great. Come check them out:

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Disclaimer: This is for informational and educational purposes only. This is not an investment offer, solicitation, or recommendation. Please consult an advisor and do your own diligence. Past performance may not repeat itself.

Pro-Tier Presentation - Natural Gas Margin of Safety

Josh Young — Fri, 23 Jan 2026 20:27:55 GMT

The first of what will likely be a monthly series of presentations on Bison Insights ideas and oil and gas market perspectives for Pro Tier subscribers. This is a re-recording, the original which was…

Live with Josh Young #1

Josh Young — Mon, 12 Jan 2026 02:25:57 GMT

I did a short live video on Substack this afternoon. I addressed the recent news, oil and gas macro, and the first idea I shared on Bison Insights in August of last year.

Let me know what you think about this! And if you haven’t already, make sure to subscribe to Bison Insights - there’s a 50% off sale through the end of January!

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Disclaimer: This is not financial advice. Not an offer, solicitation or recommendation. Past performance may not be indicative. For informational and educational purposes only. Do not rely.

Expert Interview: A Misunderstood, Highly Accretive Acquisition with Decades of Oil Reserves

Josh Young — Wed, 24 Dec 2025 16:56:36 GMT

In my recent article, Immediate Upside and Long-Term Growth Potential, With Decades of Oil Reserves, I laid out my investment thesis on a company with long-life oil assets that I believe offer one of the most attractive ways to gain exposure to structurally growing global oil demand. Most of the world’s population lives in developing countries, and as incomes rise, energy consumption rises with them. Oil demand tends to grow almost automatically as living standards improve. In my view, the world still has substantial oil demand growth ahead:

The simplest way to gain exposure is to own a company with decades of oil reserves. As new supply becomes harder and more expensive to develop, oil prices must rise to incentivize drilling. But if you already control reserves that can last 30 to 40 years, you do not need to keep spending capital to replace production. When prices rise, the value of what you already own increases, and most of that upside flows directly into profits.

The company I highlighted has roughly 30 years of oil reserves at current production levels. And over the past several years, it has undergone a major operational inflection, delivering record production, steadily declining operating costs, and a meaningful improvement in its second major operating segment. A close peer that achieved a similar combination of production growth and cost reductions saw its share price rerate sharply higher. This company, however, has lagged meaningfully, despite comparable operating progress:

In my view, this valuation disconnect is unwarranted. In addition to substantially improving its core operating performance, the company recently completed a large acquisition that appears far more accretive than the market is giving it credit for, extending its already long reserve life and unlocking material operating efficiencies across its core assets.

To dig deeper into the quality of these assets and the true economics of the acquisition, I interviewed an expert who previously spent nearly a decade as a senior reservoir engineer at the company I wrote about, followed by several years in a similar role for a large U.S. oil producer with high-performing local assets. He is a thought leader, having advanced more than a dozen patents related to local area oil production and emissions reduction and now runs his own company helping local operators optimize production from their assets.

The full interview is available below, including a full transcript.

CEO Interview: Misunderstood, Rapidly Growing Energy Infrastructure & OFS Company

Josh Young — Sat, 22 Nov 2025 13:19:27 GMT

In my recent article, “Stable Cash Flows (Mis)Priced as Cyclical,” I discussed a rapidly growing gas-infrastructure company that is benefitting from the surge in natural gas demand driven by LNG export growth and AI-related power expansion. This company is already seeing clear evidence of this trend: its flagship business division has built a record backlog of sales orders, driven by strong customer demand for the natural-gas equipment that the company manufactures.

The free cash flow from this segment alone equates to nearly a 10% yield at today’s valuation, notwithstanding the further growth that’s expected ahead.

At the same time, the company also operates a second major division that is currently in a deep cyclical downturn, and the market appears overly focused on this weaker segment, which is weighing down the stock. But in my view, the combination of this temporarily depressed business line and the accelerating growth of the gas-infrastructure division creates a setup for significant upside as the cycle turns.

I recently had the opportunity to interview the company’s Chief Executive Officer, who has led the business since it debuted at $0.10 per share nearly 30 years ago and now trades above $10 per share. In our conversation, he provides a detailed look at both business divisions, how he is thinking about their trajectories going forward, and why his company is aggressively buying back stock in light of these dynamics.

The full interview is available below, including a full transcript.

Oil Glut? Global Recession? Oil Supercycle? — A Differentiated View of Today's Oil Markets Via an Expert Interview

Josh Young — Mon, 20 Oct 2025 20:01:39 GMT

OPEC shows a one million barrel per day global oil draw coming in Q1, but the IEA sees a four million barrel per day build. Who’s more likely to be accurate?

If a global recession hits, how far could oil prices really fall, and how quickly might they recover?

Is Africa poised to be one of the fastest-growing sources of oil demand?

What can past cycles teach us about today’s oil market psychology?

Where is the most misunderstood upside in energy stocks right now?

These are just a few of the questions answered in my recent interview with an oil market expert, a partner at a leading energy strategy firm with decades of experience at name-brand energy market participants.

The full interview can be found below:

Interview with the CFO of an Undervalued Oil and Gas Company - Key Risk Recently Mitigated

Josh Young — Thu, 09 Oct 2025 19:15:52 GMT

In the recent Bison Insights article, “Cashing In on Gavin Newsom’s Presidential Ambitions – The Biggest Winner from California Energy Policy Moderation,” I discussed how a recent major policy change in California has created a tailwind for an already high-upside, insider-backed oil and gas company. This policy shift, combined with another positive development that was recently announced, has driven outperformance in the stock since publication:

I recently had the opportunity to interview the company’s Chief Financial Officer to discuss these two key developments, hear a detailed update on the company’s operations, and learn more about its capital return strategy (including why he joked that, based on their projected cash flows, the implied dividend yield at today’s share price would be so high that the market might not believe it could actually be maintained).

We also spoke about what it is like reporting to the company’s control shareholders, both of whom have leading track records of creating shareholder value in the oil and gas sector.

The full interview is available below.

Interview With Successful Shale Executive - Peak Shale, Value-Priced Energy Stocks And Other Topics

Josh Young — Thu, 11 Sep 2025 20:00:50 GMT

Josh recently interviewed a high-performing shale executive. After more than a decade working as an engineer and deal evaluator, he co-founded a private equity backed business that acquired a position in a top-tier US shale play, drilled wells, and then sold the assets for a large multiple of invested capital. Subsequently, he invested in publicly traded oil and gas companies while exploring retirement and higher education. We hope you enjoy this interview as much as Josh did. Premium and Pro subscribers can watch the full interview below.

Disclaimer: For informational purposes only. This is not an offer, solicitation, or investment recommendation. Please consult an advisor and do your own diligence. Do not rely - past performance may not repeat itself.

Surprising Positive Signal for Energy Stocks: Exclusive Expert Interview

Josh Young — Sat, 06 Sep 2025 12:00:23 GMT

Josh sat down with the CEO of a company that tracks, analyzes and publishes data on an aspect of the business that is often overlooked. However, over time, this has been a good indicator of future performance of shares, and a surprising anomaly popped up after Liberation Day this April. We hope you enjoy this interview and find this information as eye opening as Josh did. Premium and Pro subscribers can watch the full interview below.

Peak Shale? An Insider’s Perspective

Josh Young — Thu, 28 Aug 2025 23:20:45 GMT

Have we hit peak shale? Is per foot well productivity declining? How should we interpret the moves to longer laterals, deeper formations, and the edges of plays? What do recent large transactions mean for the industry? With the most prolific rock already largely developed, the outlook for future development and productivity is fiercely debated.

While we have a perspective on this from analyzing industry data and tracking specific companies, we spoke with an industry expert who works directly with some of the largest shale operators in the U.S. His role provides access to drilling activity and planning across a wide swath of the industry, offering a perspective few others have.

In this discussion, we explore how operators are approaching new development, what challenges are arising as drilling moves into more complex acreage, and what it all means for the future of shale.

Disclaimer: For informational purposes only. This is not an offer, solicitation or investment recommendation. Please consult an advisor and do your own diligence. Do not rely.

Early Outperformance, Expert Interview

Josh Young — Fri, 22 Aug 2025 12:02:15 GMT

Bison Insights' recent idea, A 1,000%+ Opportunity with Three Ways to Win (With Risk of a Zero), is off to a strong start. Since we first shared it, the security has significantly outperformed the broader energy market as measured by the XOP energy ETF. The chart below shows the performance since publication.

As we discussed in the previous article, one potential driver of significant upside for this security is a favorable legal outcome in an ongoing lawsuit. Josh recently interviewed a quantitative analyst with relevant experience who has been following the case closely and who also holds a position in the security. The full discussion, which provides valuable context and analysis around the legal proceedings and potential implications, as well as possible upside and downside scenarios, is available exclusively to Premium and Pro subscribers and can be found below.