Tyler Mathisen (Anchor) 00:00.110
trump media merging with a nuclear fusion power company yeah you heard that right the company is called T A E technologies based in orange county california the combined fusion power and media companies will be co run by the nuclear team a gentleman i spoke with about an hour
Tyler Mathisen (Anchor) 00:15.030
ago named michael binder bauer and the media team led by former politician devin nunes investors like the deal trump media shares soaring on the news on pace for its best day in nearly two years michael told me on the phone at the capitol will go toward helping them build out a
Tyler Mathisen (Anchor) 00:30.190
fusion power future which is different than some fission companies like oklo gotta go back to physics one oh one i guess nuclear stocks they're popping on this news so the question is should you the investor be now sort of jumping on the back of the trump trade and back on or on
Tyler Mathisen (Anchor) 00:49.790
some of these nuclear stocks let's talk about that and more with ties or rosenlight he is head of natural resource equities at cohen and steers tyler welcome i guess you could comment on the DJT deal or not but it's giving a lift to the nuclear companies today what's your take
Tyler Mathisen (Anchor) 01:06.830
on that group generally yeah you
Tyler Rosenlicht (Head of Natural Resource Equities) 01:08.110
know you talk about problems in the PJ market and concerns around electricity scarcity next year i mean nuclear is really a resource that we think is going to be need to relied upon ten years from now so we've been of the view that we're going to be in a big nuclear renaissance
Tyler Rosenlicht (Head of Natural Resource Equities) 01:21.670
but it's going to be a long tail sort of four phase approach the first thing is let's not shut down the existing nuclear capacity we have around the world that's basically through we've been you know making sure that we can keep this stuff running phase two is let's actually
Tyler Rosenlicht (Head of Natural Resource Equities) 01:34.630
turn on what we've turned off recently that's things like three mile island clearly there's a lot of excitement in those opportunities phase three is increasing sort of capacity existing facilities new brownfield opportunities and phase four is really opportunities to increase
Tyler Rosenlicht (Head of Natural Resource Equities) 01:48.550
electricity capacity in twenty thirty to twenty thirty five that's what a lot of these opportunities are going after their long tail technology investments that if they can prove viable and most importantly cost effective and cost competitive you know they can be viable
Tyler Rosenlicht (Head of Natural Resource Equities) 02:02.830
resources for the electricity markets ten years from now that are going to be much
Tyler Mathisen (Anchor) 02:06.150
needed i want to switch gears tyler because BP they've got a new boss not getting a lot of attention but BP the british energy company naming mega o'neill as CEO o'neill as BP 's fourth CEO in six years can be the first female CEO at BP tyler it's a company BP that made some i
Tyler Mathisen (Anchor) 02:23.990
not so great
Kelly Evans (Anchor) 02:24.710
pivots poorly time
Tyler Mathisen (Anchor) 02:25.950
yeah on on energy kind of going all in on renewables they're now doing the hard U turn going back is it stocks come back a bit is it too late though
Tyler Rosenlicht (Head of Natural Resource Equities) 02:36.030
for BP you know i think we're active managers we spent a lot of time trying to figure out well who are the best management teams out there who can create value and and clearly they had a few missteps with corporate strategy i think it's important to sort of right the ship and if
Tyler Rosenlicht (Head of Natural Resource Equities) 02:47.950
that means inviting in a new CEO to make sure you can do that that's possibly the right strategy here we do believe that energy demand is continuing to rise there's going to be huge needs for all forms of energy going forward so if you can get the strategy right there's a lot of
Tyler Rosenlicht (Head of Natural Resource Equities) 03:01.110
opportunity across the energy space