By Paul Sankey
Published on November 23, 2024 at 11:54 AM
Barrick Gold held an investor day yesterday Friday 22nd November 2024, which had us pondering the extent to which: Major investors have little interest in gold mining stocks. I have asked them. Thus gold mining stocks trade at muted multiples Despite the fact that investors clearly love gold, which has been hitting record price highs The argument outlined in this somewhat eccentric note – I will be the first to admit that the full biography …
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By Paul Sankey
Published on September 1, 2024 at 4:08 PM
We sent you a rather different Thematic yesterday, covering $NESR, the delisted Middle East oil field service player, and the implications of their commentary on record levels of Middle East oil & gas development activity. So just a quick dash through a couple of charts today. Yesterday’s note is especially pertinent to the opening Keynote Speaker at Tuesday’s Barcap conference commencement – SLB, the artist formerly known as Schlumberger. So, plenty of corporate action this …
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By Paul Sankey
Published on February 11, 2024 at 5:05 PM
Good day, We sent you a juicy note on Devon $DVN yesterday, “STOP. Unleash the FANG Within”. Plenty to read there, and a Valero paean “right now the best refining margins in February history” came out Friday afternoon. BREAKING: 2/11/24 (Wall Street Journal) — Two Permian rivals, Diamondback Energy and Endeavor Energy Resources, are finalizing a merger that would create an oil-and-gas behemoth worth more than $50 billion. Diamondback could announce a deal with the …
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