By Paul Sankey
Published on September 8, 2024 at 2:34 PM
Greetings from Lake George, Upstate New York, where the oak leaves have begun to turn to Fall; driving yesterday was four hours to Boston to watch Harry play college soccer, then another four hours to upstate forests. We spent two hours charging the EV, it was highly inconvenient. That’s a lie, we drive gasoline, nobody takes epic drives in EVs. The extra half an hour was in truth grabbing the best pizza in the world, …
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By Paul Sankey
Published on August 31, 2024 at 12:53 PM
Quote in this note: “this is the first time that the Middle East has more rigs than the United States. And it’s not now more, it’s almost double.” We were very interested in the quarterly report of a delisted SPAC international oilfield service (OFS) company this past week. So interested, that we wrote you a thematic today on NESR (National Energy Services Reunited) vs ExxonMobil. We found NESR’s results call to be a terrific refresher …
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By Paul Sankey
Published on August 18, 2024 at 4:07 PM
On Friday I chatted to a major & long term client, a gen-u-ine hedge fund portfolio manager, and I realized that all our stock views right now are about multiple expansion/contraction; because we cannot get there on a bullish macro call. So today we talk multiples. ~ People kindly ask me how its going at Sankey Research, and the response is that the primary driver of our business is “Oil’s share of the S&P500”. Below …
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