Kimmeridge's Viviano on Iran War, LNG and Price Volatility

• US shale industry is unlikely to immediately ramp up production in response to the Iran War, prioritizing capital discipline and profitability.
• The industry views drilled but uncompleted wells (DUCs) as 'unprofitable inventory' and aims for real-time inventory management for healthier profitability.
• Viviano expresses disappointment with the Coterra board's handling of the Devon deal, citing missed opportunities from unsolicited premium offers.
• Commonwealth LNG's final investment decision is expected in the first half of the year, with the current environment underscoring the importance of integrated energy strategies.

Kimmeridge's Mark Viviano discusses the US shale industry's disciplined approach to production amidst geopolitical events like the Iran War, emphasizing profitability over immediate ramp-ups. He also touches on the Devon-Coterra deal, expressing investor disappointment over the board's process, and the positive outlook for Commonwealth LNG, highlighting energy's critical role in the global economy.