OPEC, Happy Hour, One Day, Next Week

By Paul Sankey Published on May 30, 2024 at 10:38 AM

Focus OPEC for the next two Happy Hours. At 4pm today, this evening a quick check-in with Kathleen Kelley “OPEC Whisperer” into this weekend’s meeting. It’s not long since we did a full session with Kathleen, so this evening is a quick tyre-kick. Next week, going into much more depth on oil markets, we have barrel counting legend Mr Jan Stuart, energy market economist, and my first office-mate at my first post-college career job: we …

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Sunday Dow Theory, Green, and Browne

By Paul Sankey Published on January 21, 2024 at 4:55 PM

Good day, There it is: Market at a record high. Congratulations to the wealthy of the USA. The top 10% of wealthiest Americans own 89% of stocks ($28 trillion). Americans in the 50th to 90th percentile of wealth own 11% of stocks ($3.4 trillion). Americans in the bottom 50% own <1% of stocks ($19 billion). As we say, the rich get richer and the poor migrate. Today we take a graphic-heavy run through some charts, …

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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. …

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