Menu

S&P 500NA+NA+NA%

NasdaqNA+NA+NA%

VIXNA+NA+NA%

DXYNA+NA+NA%

CONA+NA+NA%

WTI92.82-0.37-0.397%

NATTY2.95-0.15-4.8387%

All Reports

Linkedin Twitter Instagram

Latest Sankey Links

Tags
Antero Apache Aramco Biden BP cheniere Chevron China CNQ ConocoPhillips COVID Delek Devon Diamondback Enterprise EOG eqt ESG European Gas EVs ExxonMobil Hess hollyfrontier India Inflation Iran li-cycle LNG Marathon Petroleum MPC Natgas Natural gas Oil Demand Oil Markets Oil Prices Oils share of S&P500 OPEC Ovintiv Oxy PBF Pioneer PSX refiners Refining Russia Shell solar Suncor Sunrun Tellurian Tesla TOTAL Energie Trump Ukraine US$ US Natgas US Oil Demand US Oil Production Valero Washington DC

Links to Research

Morning Sankey

Macro / Oil Markets

Companies / Micro

Sunday Sankey

Quote of the day: “I need the cash in charge if I want to finance the diversification,” CEO Patrick Pouyanne said at International Energy Week in London in February. “I need to maintain this dance. I need to continue to develop oil and gas.”
Energy Transition
Paul Sankey

Royal Dutch / Shell: You Can Rely on Wael

Before he hit the podium at the Shell 2025 analyst meeting yesterday, I had a nice and very humorous chat with CEO Wael Sawan about being part of a group of stealth-Canadians – with Murray Auchincloss the CEO of BP and Greg Ebel the CEO of Enbridge – who had hockey jerseys under their suits in the Trump Oil Executive White House summit last week. Evidently they were all at one end of the table

Read More »
Paul Sankey March 26, 2025 8:57 PM No Comments
Energy Transition
Paul Sankey

Letter from a Bunker in London

Concepts in United States Isolationism Feeling very British, I apologise in advance for this longer more personal note that is less about oil, gas & energy than we typically endeavor, although as the US Energy Secretary would tell you, ultimately everything is relevant to energy, and vice versa. As comedian John Cleese said, a “Public School” Englishman, such as me, at dinner asks for the salt as follows: <Awkwardly raises finger, vaguely waves it> “Um…

Read More »
Paul Sankey March 23, 2025 12:44 PM No Comments
Energy Transition
Paul Sankey

Happy Norwuz! Fresh From the White House Lawn?

TODAY will be Diamondback CEO-designate Kaes Van’t Hof on Happy Hour, 4pm ET. Premium event. Register here. This might be the best-timed C-chat we have ever had. https://sankeyresearch.com/conference/sankey-strategy-session-diamondback-cfo-president-kaes-vant-hof-interest-form/ Great timing? According to very limited reports Diamondback is fresh from meeting Mssrs Trump, Wright, and Burgum at the White House, don’t have the exact corporate execs in attendance, but there is an unofficial list of the companies. Nobody energy company seems to want to say much,

Read More »
Paul Sankey March 20, 2025 8:23 AM No Comments

Sunday “How Not to IPO”

Greetings, Today we feature Greg on “how not to IPO” after the travails of Venture Global and now Net Power. We were initially positive on Net Power, but subsequently became very concerned on costs and timing. On Venture Global, we were just outright negative. We update in this note. Highlight of this week will be Kaes Van’t Hof on Happy Hour, 4pm ET. Premium event. He is CEO designate at Diamondback $FANG. https://sankeyresearch.com/conference/sankey-strategy-session-diamondback-cfo-president-kaes-vant-hof-interest-form/ ~ A

Read More »
Paul Sankey March 16, 2025 9:41 AM No Comments
Energy Transition
Paul Sankey

Whip-smart Yanks and Clueless Brits

Hi, Please join Happy Hour tonight at 4pm ET, which right now is 8pm London Time, and for this confusion, I hope Donald Trump crushes Daylight Savings Time. Stroke of a pen! Source: Wikipedia Premium Events: Today Thursday, March 6th, 4PM ET Robert Mullin – General Partner Marathon Resource Advisors, CIO, PM, Natural Resources Fund. Robert has strong chat based on deep experience in running money in our space. Prior to founding Marathon, 1996-1998, Mr.

Read More »
Paul Sankey March 13, 2025 7:22 AM No Comments

Chris Wright: The Price is Wrong

This week on Happy Hour we have an outstanding guest, a CIO, PM, and natural resources expert that I really enjoy chatting to. He has a really sophisticated view of markets, across the board. Note, for example our very brief positive view this past week on non-Canadian uranium play Kazatomprom, our notes on Gold and Copper, and of course Robert does coal, oil, gas and refining. This is our man! Date/Time – Thursday, March 6th,

Read More »
Paul Sankey March 11, 2025 7:19 AM No Comments