Sunday Armageddons and Sushi Lunches

By Paul Sankey Published on June 9, 2024 at 12:33 PM

Good day, Jan Stuart talked me off the bear ledge on Happy Hour this past Thursday. He highlighted, like the Saudis themselves, that there is still a high degree of market control here by Saudi. In this note we focus on this week’s comments by the Saudi Oil Minister, while in Russia. This week shareholder vote on Tesla is a big deal, we highlight it, but add little else, other than a chart showing that …

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Morning Career Moments

By Paul Sankey Published on April 25, 2024 at 10:14 AM

Today – yesterday’s DOE data. Hess earnings commentary: “Good morning.  HES 1Q results are out … and are not bad if I do say so!” Valero out: slight beat. NESTE terrible, stock getting crushed. FTI really good results supporting our long offshore short onshore thesis. Antero OK ~ THIS AFTERNOON 4PM ET Mark Rossano and Fernando Valle of G6 private equity are on Happy Hour. Both are outstanding on the entire energy complex from rig …

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Sunday Satya

By Paul Sankey Published on February 4, 2024 at 6:07 PM

Greetings, Having started last week upbeat on Big Oil results vs the market, expounded in this note last Sunday, my mood darkened throughout the week, culminating in depressed mood by Friday. Why? This oil sector’s performance vs the market. On Friday, with me optimistic on an earnings beat, ExxonMobil released its Q4 2023 results with a beat, right enough, and announced Q4 capex above Q3’s guidance. You can imagine the groan from Sankey Research HQ, …

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