Quote of the day: The only thing more powerful than hate is love

Energy Transition
Paul Sankey

BP: Can’t Get Out of its Own Way

What do you think on BP? Major investor: “They fumbled the buyback guidance” BP absolutely fumbled their buyback guidance, turning what could have been a straightforward story of financial prudence into this head-scratcher headline: ”BP cuts buyback, re-iterates 2026 net debt target unchanged” That whacked shares over- 4% this morning – there goes -$4bn on the London open, off BP’s $100bn market cap. Good morning to you. BP held the dividend steady at 8.32 cents

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Energy Transition
Paul Sankey

Sunday Answer Steve: Buy (more) Old Economy Stocks (like Oils)

We sent you a note on Uranium this morning, and so will keep this brief. I said I would do return a favour to Hedge Fund guru Doug Garber and join him on a podcast, and now I am being thrown in as a Venezuela expert. Which is the old “tallest dwarf” joke, but here it is, Friday February 13th, don’t forget Valentine’s Day next Saturday: https://shorturl.at/hzIn7 ~ Our note on last Friday’s: “XOM for

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Energy Transition
Paul Sankey

Uranium, CCJ, NexGen, and Bull Riders

Later today, a brief Sunday weekly outlook note. One key item this week: NexGen Energy (NXE) will hold its final public licensing hearings for the Rook I uranium mine project. We are due a major decision on the mine’s regulatory progression. Alongside Cameco ($CCJ) as the market default North American uranium-to-nuclear power play, $NXE is a market darling play on a next-gen mine (ie Rook I, the one subject to decision next week). Targeting 2030

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