Livermore Pitches Vista Oil & Gas And SolGold

0

Livermore Partners’ presentation at ValueWalk’s Contrarian Investors Virtual Conference, in which David Neuhauser discusses VISTA OIL & GAS and SolGold.

Get The Full Seth Klarman Series in PDF

Get the entire 10-part series on Seth Klarman in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.

Q1 2020 hedge fund letters, conferences and more

Dear Partners,

Pros And Cons Of Tail Risk Funds

tail risk fundsEditor’s note: This article is part of a series ValueWalk is doing on tail risk hedge funds. The series is based on over a month of research and discussions with over a dozen experts in the field. All the content will be first available to our premium subscribers and some will be released at a Read More


Livermore's David Neuhauser Pitches VISTA OIL & GAS And SolGold

Last week I took part in the Contrarian Investors Virtual Conference. Where we presented two of our holdings: VISTA OIL & GAS/S (NYSE:VIST) and London-listed, SolGold plc (LON:SOLG). Both are unique small-cap opportunities which plays into our inflation theme of owning hard assets as currency debasement and deficits take center stage.

SolGold

Markets have dramatically rebounded since the March lows. Which is great to see except it's just not reality. It seems liquidity is taking over and fear of missing out is pushing up the market, especially the most overvalued sector of high growth, money losing tech shares. This should serve as a warning not an "all clear" signal. Even though the world is reopening and COVID-19 cases falling, the facts are the world economy, as well as Governments and many corporations, have witnessed a massive shock to their capital structures. Which will remain impacted for years to come.

I fear the path forward will be challenging. Yet, investing is all about risk and reward and finding value. So we own mostly hard assets that should prosper even as inflation and/or stagflation takes hold. Additionally, we are working some new special sit opportunities which could serve very profitable. Will share details as we get further along in the process.

Until then, be well and enjoy the start of summer.

David

Contrarian Investors Virtual Conference: