By Paul Sankey
Published on September 1, 2024 at 4:08 PM
We sent you a rather different Thematic yesterday, covering $NESR, the delisted Middle East oil field service player, and the implications of their commentary on record levels of Middle East oil & gas development activity. So just a quick dash through a couple of charts today. Yesterday’s note is especially pertinent to the opening Keynote Speaker at Tuesday’s Barcap conference commencement – SLB, the artist formerly known as Schlumberger. So, plenty of corporate action this …
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By Paul Sankey
Published on August 25, 2024 at 3:00 PM
Hello, The last week of Summer 2024 is upon us. Welcome to the first week of 2024/5! Source: Bloomberg, Sankey Research Good luck to you & yours, may it be a great year. ~ Briefly noted: still no Prime Minister appointed in France, which is causing a continuing political crisis there. And next thing you know the founder of Telegram is arrested this weekend at Le Bourget, Paris’s private airport. Telegram, and that story, are …
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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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