Sunday Shaggy and the Pool Tan

By Paul Sankey Published on February 25, 2024 at 7:29 PM

Greetings, There is an embarrassing feeling about current equity markets, for us writing this note, a bit like hosting family lunch on the patio at the country club, while trying to ignore the spectacular naked celebrity gloriously sunbathing by the pool. To be less… conceptual: we got our answer to the question we posed last Sunday on NVDA earnings. ~ It’s hard to avoid staring but we pretend to focus on the slightly dry turkey…

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Sunday Suddenly Presidents’ Day

By Paul Sankey Published on February 18, 2024 at 4:28 PM

Suddenly we are all bullish oils. Last week went well. Certainly it went well by oil’s atrocious recent standards vs the wider market. In fact, last week might just be a very bullish set up for the oils. But that statement depends a lot on NVDA results ahead. NVDA reports this week 21st February Wednesday after the market, going head-to-head with oil laggard APA, formerly Apache. We do not expect APA results to change the…

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Sunday Super Bowlers, Bowls and (Not) Buds

By Paul Sankey Published on February 11, 2024 at 5:05 PM

Good day, We sent you a juicy note on Devon $DVN yesterday, “STOP. Unleash the FANG Within”. Plenty to read there, and a Valero paean “right now the best refining margins in February history” came out Friday afternoon. BREAKING: 2/11/24 (Wall Street Journal) — Two Permian rivals, Diamondback Energy and Endeavor Energy Resources, are finalizing a merger that would create an oil-and-gas behemoth worth more than $50 billion. Diamondback could announce a deal with the…

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