Featuring CEO Lane Riggs, newly-minted CFO Homer Bhullar and entire management team, please join for this timely round-out final fireside chat of our 2026 Refining Conference: https://sankeyresearch.com/conference/sankey-refining-conference-interest-form/ Look forward to it, please submit questions, by email, IB, or into the Zoom chat. Thanks!
The end game here is less US oil companies producing less US oil (& gas) for higher pricing and margins. That is exciting. While casual observers might see yesterday’s Devon for Coterra take-under as obviously disappointing – both stocks fell on the day, for the dreaded damp squib double decline, in reality, this a step in a process, not an end game. Devon announces bid for Coterra but “this is far from over”. Next step,
Brrr, It’s absolutely freezing here in New York city, the ruddy East River has only frozen (see above) and the streets are a bleached hellscape of black-iced pavements walled by dirty ice-snow piles topped with backed up garbage and passing dogs. Everything is frozen solid, the wind outside is howling, here in Brooklyn Heights above New York Harbor. Oof. Source: Weather.com, NOAA Back to natgas in a second, but as a historian, I would be