Full transcript of the video beneath:
JD DURKIN: Luke, in case you look during the last month, power has executed fairly effectively when it comes to 11 sectors of the S&P, and I ponder what you suppose meaning for traders and why you suppose power has a lot focus, particularly in comparison with how a whole lot of different sectors aren’t fairly performing, no less than proper now on this present setting relative to power.
LUC BRANDENBERG: Sure, it is a fantastic business, and it is thrilling for us. , one of many issues that we’re actually making an attempt to signify is, you recognize, power safety in america, but in addition power reliability. And it was a mic within the sense that it was a nationwide objective, one thing that we actually favored. However simply in the previous couple of months as this has change into a worldwide concern, I believe you have received a whole lot of consideration from traders and I believe you have received lots of people realizing that even when their transition to fuels at Low hydrocarbon content material is essential, however, it will likely be a course of after which we might play a important function in that transition. It’s one thing that excites us.
JD DURKIN: Completely. Paul, you recognize, that is not usually the setting during which many firms search to affiliate their title with the phrase “public”. There may be a whole lot of volatility there, a whole lot of uncertainty between Fed tightening and filling the void right here. Do you are feeling such as you’re positioned possibly slightly in a different way than a whole lot of others.
PAUL-RYAN: Initially, I like seeing an organization go public. That is good for retail traders. What makes me enthusiastic about this specific deal and the explanation we have been in a position to do it with a SPAC is that I would like retail traders to have entry to offers like this. I would like retail traders to have entry to excellent operators in American power basins. So with that, you get entry to nice non-public operators in, say, the Permian Basin that you simply would not in any other case have entry to. That is good for retail traders. It is good for folks, you recognize, their pension funds and their 401Ks. So for me, that is what’s good and never simply this deal, however that is what’s good with a SPAC that publicizes somebody who ought to change into public. Quite a lot of SPACs have in all probability taken on firms prior to now that possibly should not have. That is a type of offers that may be a strong funding, I really feel actually good about it. However extra importantly, I like that the retail investor has entry to such a funding, which they would not have had the prospect to in any other case.
JD DURKIN: Talking of assist, I imply, Luke, do you are feeling just like the regulatory setting is an setting you possibly can navigate with confidence? As a result of I do know the R-word is one thing that I am certain you comply with very intently, however I believe it is a precedence for lots of traders, whether or not it is immediately for you or anybody within the power sector, to ask your self if the setting round you is favorable for what you are attempting to do.
LUC BRANDENBERG: Sure, that is a fantastic query, JD, and we’re inspired. , one factor that is encouraging for us is that I believe individuals are beginning to have a extra rational dialog in regards to the bigger power state of affairs, that helps, that basically helps our regulatory story. And I believe lots of people are asking the suitable questions. And I am inspired that over the subsequent few years we’ll proceed to see the world get slightly higher for us, as a result of I believe the world will acknowledge how important American power is to international safety.
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