In short: Prior pick, up 52% — "like it a lot." 20M+ acres in the Western Canadian sedimentary basin with huge long-term optionality, an astute team, new extraction tech and growing LNG-Canada visibility. A 5–10-year hold.
PrairieSky owns the mineral rights under 20M+ acres of western Canada and collects a royalty whenever other companies drill there — it pays none of the drilling cost and takes none of the operating risk, just a cut of whatever comes out of the ground.
It's up 52% for him and he "likes it a lot." The appeal is the enormous untapped optionality — new extraction technology and growing LNG-Canada exports could unlock far more production over time — plus a sharp management team. He holds it as a 5-to-10-year position, not a quick trade.
51:37— So, one of the companies I don't want to jump ahead here, but — Oh, did you Did you bring them in ProPicks? — Yes. — Okay, okay, then we won't. Then everybody just has to stay tuned. Um I want to motor through your your other two. Prairie Sky did very well, up 52% still like it here? — Yeah, like it a lot.
In short: His one Canadian position and a top conviction — a no-capex royalty perfectly placed as US shale plateaus and Canada fills the void. 10–15-yr math: production doubles, oil up ~2×, share count halved → an ~8X in profitability. "Slow and steady"; one of the best risk-adjusted energy investments in the world.
PrairieSky owns the land rights under a lot of Canadian oil acreage and collects a cut of whatever others pump from it — like a landlord taking rent, with no drilling costs of its own. That's his single Canadian holding and his highest-conviction energy pick.
His logic: US shale oil is plateauing, so someone has to fill the gap, and Canada is best placed to do it. Over 10-15 years he sees output on PrairieSky's land doubling, the oil price roughly doubling with inflation, and the company using its steady cash to buy back and halve its shares. Stack those together and the profit per share could be about eight times higher. "Slow and steady" — he calls it one of the best risk-adjusted energy bets in the world.
26:42Um, we have one position in Canada, um, Prairie Sky, and I think it's one of the most under followed and compelling investments that you can make in in Canadian energy because I think what's going to happen as we look out over the next few years is it's really clear that shale is plateauing and potentially going into decline.
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