What if falling oil prices are the signal to buy?

There's a question I've been hearing a lot lately:   "Did we miss it?" People look at oil prices—now hovering in the low $60s—and wonder if the window has closed.   We just dropped a new podcast episode unpacking that question. Bob Fraser (our Chief Macro Strategist) and I dove deep into what's really driving this price softness—and why we see it not as a red flag, but a rare opportunity.   Here's what we're seeing: This isn't a supply glut like 2016—it's a demand lull, driven largely by China's stalled recovery. Capex in new production is down 55% over the past decade. That supply gap is growing. JP Morgan is forecasting a 7.1 million barrel per day shortfall by 2030. Meanwhile, the assets we're acquiring today are cash-flowing—even at these lower prices. For us, this is classic mispricing.   The headlines say "oil is down." But the fundamentals say, "accumulate."   [Listen to the episode here]   If you're a long-term investor looking for asymmetric opportunities, this is one of those moments to lean in—not back away.   We share how we're thinking about the risk-reward profile of oil right now—and why, personally, I'm putting more capital to work in this space.   Would love for you to give it a listen. Ben Fraser Managing Director, Chief Investment Officer Aspen Funds Aspen Funds, 5700 112th St., Overland Park, KS 66211, 800-940-1510 Unsubscribe Manage preferences