In what is likely to be our final SuperSpiked for 2023, we provide a 2024 preview with the theme of “phasingin profitable growth.” In the prior two SuperSpiked posts, we have discussed key takeaways from 2023, including ROCE resilience for traditional energy, the significant pressure facing many new energies business models, the massive total addressable market (TAM) for global energy demand, especially given the significant unmet energy needs of the other 7 (soon to be 9) billion people on Earth, and the ongoing “Super Vol” macro backdrop.

For traditional energy in 2024, we believe leading companies will be able to articulate and demonstrate what their unique value proposition is. ROCE improvement in and of itself is not enough; there is a need to demonstrate longterm profitability resilience and articulate a positive equity story.

For new energies, the questions are more around figuring out which new businesses will scale excluding subsidies. When we look at the massive energy TAM and take into account the desire among developing countries to have geopolitically secure energy sources, there is a major role for new energies to play, even before also taking into account environmental objectives. Sorting through the rubble of this year’s selloff, or considering new opportunities, will be the focus.

As 2023 winds down, we would like to wish all SuperSpiked subscribers a Merry Christmas, Happy Hanukkah, Happy New Year, and Happy Holiday Season! We will see you early in 2024.

For all SuperSpiked content, follow me at https://arjunmurti.com or at https://veriten.com.
Twitter: @ArjunNMurti

DISCLAIMER
My views are my own and not attributable to any current or past affiliation.

CREDITS
Intro & Outro music: Wolf Hoffman on Apple Music: Concerto for 2 Cellos in G Minor, Rv 531: I. Allegro Moderato.

This episode of SuperSpiked Videopods was edited and produced by Veriten Productions.