"Commodity businesses have risk unless you're the low-cost producer."
– Warren Buffett
In part one I showed you the thesis. A modeled gas shortage arriving 2028, roughly 70 percent odds of a serious squeeze, and a game you can win on both sides of the coin.
Three companies passed my screen. Lowest costs. Cash returned to shareholders. Open exposure to 2028.
Today they lie on the table.
Gloves on.
