Sunday Poison, Antidotes, Infestations and Condemnations

By Paul Sankey Published on September 22, 2024 at 3:07 PM

Good day! Today we go thematic, on the energy landscape in Washington DC, as the week ahead is relatively quiet for cyclical events. Bits and bobs on companies reporting, and economic news, but nothing big, in our view. Except watch out this week on Manhattan travel, for the annual end-September UN General Assembly and gridlock in Midtown. CNN: Slovenia’s UN envoy Samuel Žbogar, who is also the current president of the UN Security Council, described …

Casey’s take it to Beaver

By Paul Sankey Published on June 14, 2024 at 9:14 AM

What segment of the global oil value chain saw a structural increase in margins post-COVID? ~ You got it! Gas Stations is indeed the correct answer. Source: Bloomberg Not only have margins doubled in pump sales – historically a brutally competitive, low margin business, but the industry has growth. Shown below, Casey’s has scaled from 1,700 locations to 2,800 locations in the last decade. Source: Bloomberg We can argue that while a more efficient US …