By Paul Sankey
Published on June 19, 2024 at 4:56 PM
Happy Hour tomorrow Frank Kelly, our politics correspondent, leaning on 40 years of experience in DC. Frank knows everyone, I asked him on after our Trump note last weekend, wondering what the theories are on this upcoming election. We think it could be huge for oil. Tomorrow 4pm ET – note we are moving Happy Hours towards lunchtime for summer, but this one sticks at 4pm. Register for Frank here: Sankey Strategy Session | Frank …
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By Paul Sankey
Published on May 12, 2024 at 7:08 PM
We have hit that point in oil markets when suddenly, just like that, all the newsflow turns bearish. Better put “seems bearish”. Once again, like our commentary on US distillate looking less terrible when you add back renewable diesel (note published last week), latest reports of the death of the oil market are over-stated. Prior reports have proven completely wrong. While there may be bearish fears regarding the upcoming June 1st OPEC meeting, the reality …
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By Paul Sankey
Published on March 25, 2024 at 2:11 PM
Gas station stocks: low end consumer weakening. Gas station play Alimentation Couche Tard ($ATD) profit warning. Negative implication for refiners with gas stations, such as DINO. We are backing off our “long gas station stocks” stance but still prefer MUSA (Murphy USA), with its massive buyback and low volatility. But watch for a couple of tough quarters ahead. We like long gasoline (equity ETF is $UGA) as a trade into Memorial Day on supply tightness, …
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