By Paul Sankey
Published on July 11, 2024 at 12:51 PM
Today shortly 2pm Rob West of Thunder Said on Happy Hour: Sankey Strategy Session | Rob West – Interest Form Chevron-Hess intraday Source: Bloomberg *CHEVRON-HESS DECISION DELAYED BY FTC TO AFTER EXXON ARBITRATION Guess it kind of makes sense, international asset or not, if the FTC wants to know the final nature of the deal before judging it. The bigger deal is the arbitration decision anyway, we think. Is there a timing agreement issue between …
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By Paul Sankey
Published on May 1, 2024 at 6:23 PM
First the shock news… FTC to approve XOM-PXD deal. Then the condition: Pioneer CEO Scott Sheffield cannot join ExxonMobil’s board because of anti-competitive collusion with OPEC. All this is as reported by the Wall Street Journal this evening. Knee jerk first thoughts: Very first thought? You have to suppress a wry smile. Imagine the weeping and wailing at ExxonMobil’s “God Pod” management floors at this loss; get the Pioneer acreage, but not Scott Sheffield. Gosh darn …
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By Paul Sankey
Published on December 24, 2023 at 1:56 PM
Season’s Greetings! The salutations are from a warm central London, 60°F (15°C), but guess what, grey. Scattered showers. Very windy “up North”. In this note, just some graphics for you: Red Sea – Houthis $2,000 fireworks after ships – US whack-a-moles them with $2.1m missiles UK wind generation and power costs – wind 65% of current power supply Migrants – high level comments ~ As we entered the market lull for this very extended seasonal …
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