By Paul Sankey
Published on July 30, 2024 at 9:04 AM
*George Orwell wrote a great book “Down and Out in Paris and London” where he lived homelessness, privileged son notwithstanding. If you think there are meth issues in downtown cities, you can read that book, or “Road to Wigan Pier”, and consider how life in big cities was in the 1930s. City life today – London or Paris, San Francisco – is a cake walk. So thereby, all my notes “Letter from…” or “Homage to…” …
Read More
By Paul Sankey
Published on June 27, 2024 at 10:08 AM
A friendly banker called this morning on today’s latest oil deal, by $SM, and let’s just slightly varnish this: He asked “What the fk are they doing?” $5bn market cap SM was seen as a takeover target. Stock is down -8% here. SM ENERGY ANNOUNCES HIGHLY ACCRETIVE $2.0 BILLION UINTA BASIN ACQUISITION, 11% INCREASE TO FIXED DIVIDEND AND RELOADED $500 MILLION SHARE REPURCHASE PROGRAM I couldn’t provide a value add answer to his question, but …
Read More