By Paul Sankey
Published on November 17, 2024 at 11:28 AM
We sent you a thematic yesterday at a slightly odd time, late Saturday evening for me here in London, on the UK North Sea and APA. We were very negative on both. This morning, a major long only client wrote from the US: “This [North Sea/APA] write up should be taught in both history classes and policy classes TODAY. Wonderful work and I love reading these. Thank you.” Awww, shucks, kudos as ever to Greg …
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By Paul Sankey
Published on November 16, 2024 at 3:33 PM
In this note we outline the bear case for the UK North Sea, and for APA (formerly Apache Oil) with a price target of $15 on APA (stock closed Friday at >$22) “before we get interested”. We postulate takeover and activist strategy at the end of this note. We slam the UK government and UK eco-fascists for abject lack of global context in their pursuit of “Net Zero”. The UK economy is low emission, and …
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By Paul Sankey
Published on November 10, 2024 at 2:21 PM
Afternon, Back in London. Where was memorialized this Sunday morning the 11th minute, 11th hour of the 11th day of the 11th month that spelled the end of World War I. We were out this morning at the Horse Guards Parade (photo above) to watch the Remembrance Sunday parades, with a friend of mine solemnly marching as an officer in the front row of the Black Watch (Royal Highlanders) regimental group. It was moving to …
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