Sunday Guyana, the Sequel: Namibia

By Paul Sankey Published on April 21, 2024 at 6:02 PM

Today, after a preamble, perhaps ramble, a rant, we talk about Namibia. It is clearly emerging as the next Guyana. What does that mean for the world? More market supply shift towards the Atlantic Basin, offsetting Russia, pressuring capital & quota discipline in the Middle East. Structurally adds to the death of Peak Oil Supply as a concept, if you missed the burial. Namibia can add incremental oil that pressures prices to the detriment of …

Sunday Shaggy and the Pool Tan

By Paul Sankey Published on February 25, 2024 at 7:29 PM

Greetings, There is an embarrassing feeling about current equity markets, for us writing this note, a bit like hosting family lunch on the patio at the country club, while trying to ignore the spectacular naked celebrity gloriously sunbathing by the pool. To be less… conceptual: we got our answer to the question we posed last Sunday on NVDA earnings. ~ It’s hard to avoid staring but we pretend to focus on the slightly dry turkey …