By Paul Sankey
Published on July 27, 2026 at 7:33 PM
Publishing a note on Sunday has become existential for me, so I apologise for not getting this note out yesterday. This is my Sunday note… so late it is on a Monday. I have stripped it down to be mostly about Halliburton. What started as a quick look at Halliburton’s results for Sunday, then got tangled with Liberty Energy down -25% on its results last week, SLB results then had that stock moving strongly higher …
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By Paul Sankey
Published on May 17, 2026 at 9:53 PM
Just back from lovely Morelia, Mexico, and to my great pleasure, it’s truly beautiful back here in Brooklyn Heights this weekend. Arcadian. The President of the UN General Assembly, and former German Foreign Minister, Annalena Baerbock, no less, has invited me to speak this week, as a panelist at an interactive dialogue of the General Assembly. That is all 193 member states – on commodity markets this Thursday at UN Headquarters in New York. So …
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By Paul Sankey
Published on October 26, 2025 at 7:31 PM
How does value get created and transferred in major energy companies? This past week we had Q3 earnings reports from an interesting representation of key US energy theme companies: Valero in refining, Matador in US exploration and production (E&P), Baker Hughes in transition from oil field service to new technologies, and GE Vernova as a play on “picks and shovels”: for US power demand growth. ~ And the winner was? Not the cheapest (Matador), not …
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