Morning: Tide’s Half Way Out, Who’s Wearing Trunks?

By Paul Sankey Published on April 16, 2025 at 10:04 AM

Happy Hour 4pm tomorrow we got us an engineer! Macro guru Michael Kao is well-known for Kaoboy Musings – on Substack and Kaos Theory. His twitter handle is UrbanKaoboy. In a crisis, we all become credit analysts. Michael is a stone-cold macro expert. Register Here: https://sankeyresearch.com/conference/sankey-strategy-session-michael-kao-urbankaoboy-interest-form/ Source: Toptradersunplugged.com ~ Here are a couple of charts I have been looking at, rather back of a beermat, pondering that the tide is half way out. The tide …

Morning BP, Tell, Plug, Talos and Share Counts

By Paul Sankey Published on January 19, 2024 at 9:55 AM

This week we had two share issuances in energy, one that we HATED and one that we liked. The hated was Plug Power, the hydrogen play. The liked was Talos, the deepwater Gulf of Mexico (GoM) exploration and production (E&P) play. One of these companies has a positive future, as we outline in this note. If you want to satisfy environmentalists AND Wall St, then undertake orderly liquidation. Issuing shares is the opposite of this. …