Sunday Kingdoms and Princesses

By Paul Sankey Published on June 2, 2024 at 1:55 PM

Summer Greetings, Mexico and India elections culminate today in one of the busiest democratic years in history – the greatest in terms of number of voters. Incredible positive really. Violence in emerging markets/ Mexico and the limits on Indian growth because of democracy are two mega-themes. People want to live in Fascist States? Former case, we are expecting a major global leader assassination or deposal; we can only speculate on who and what impact in …

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US E&P M&A: Gobbler’s Knob – Again

By Paul Sankey Published on June 1, 2024 at 12:27 PM

“That must mean we’re up here at Gobbler’s Knob, waiting for the forecast from the world’s most famous weatherman, Punxsutawney Phil.” Phil Connors (Bill Murray), Groundhog Day (1993) We are back to writing about E&P M&A … again. Our conclusions are broadly unchanged: Big companies are being incentivized by the market to take over the small, but with an evolution on the margin that finds asset quality now of equal importance to valuation; we are …

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OPEC, Happy Hour, One Day, Next Week

By Paul Sankey Published on May 30, 2024 at 10:38 AM

Focus OPEC for the next two Happy Hours. At 4pm today, this evening a quick check-in with Kathleen Kelley “OPEC Whisperer” into this weekend’s meeting. It’s not long since we did a full session with Kathleen, so this evening is a quick tyre-kick. Next week, going into much more depth on oil markets, we have barrel counting legend Mr Jan Stuart, energy market economist, and my first office-mate at my first post-college career job: we …

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