US Oil Civitas: Pay to Play

By Paul Sankey Published on May 4, 2024 at 2:03 PM

The best E&P earnings performance at the 2/3 mark through reporting season gets a deep dive. Source: Bloomberg, Sankey Research Civitas is the company that sparked our Heavyweights thematic note of 2023. A living, breathing case study in our Heavyweight thesis that bigger is better in energy today. We debated timing a note on CIVI – publish in front of the earnings print last week (so before CIVI reported after the market Thursday) or publish …

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And the ’68 Summer Festival Wallflowers are Thinning*

By Paul Sankey Published on May 2, 2024 at 12:28 PM

Today 4pm Happy Hour is open mike Sankey vs Bordelon. We can discuss FTC vs Scott Sheffield – press release today from PXD – earnings, oil & gas markets, everything! Register to me and Greg here: Next week, macro maven Luke Gromen. Register for Luke here: ~ We are not super-bearish! Except natural gas … equities. And onshore service. A reader said she was reading our distillate note from Saturday and stopped reading …

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Morning Kinder, and Gentler Marchetti

By Paul Sankey Published on April 18, 2024 at 8:48 AM

<Brooklyn rap radio/Jamaica DJ horn> BBBRRRRAAAAP!: Tonight on Happy Hour, Tommy Marchetti. 4PM ET open mike. Plenty of chat as energy earnings started last night with Kinder and continue tomorrow with Schlumberger. Fresh from his four years at Cornerstone Macro then Piper Sandler as Global Energy Strategist, oil on Wall Street legend Tom Marchetti will be giving his stream of consciousness tonight. Starting as an accountant with KPMG, Marchetti joined J Aron/Goldman Sachs in 1994, …

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