By Paul Sankey
Published on November 20, 2025 at 2:31 PM
Greetings! Main thing today is Mark Viviano of Kimmeridge on Happy Hour at 4pm. Shortly. Premium subscribers get the replay tomorrow. Register here. He is a terrific public speaker. Clear as a bell. Rational. Logical. Highly experienced. https://sankeyresearch.com/conference/sankey-strategy-session-kimmeridge-mark-viviano-interest-form/ As you are probably aware, Kimmeridge has taken activist stakes in Coterra and Devon, and we shall discuss that. One hedge fund client would like to see the two companies combined, driven by Kimmeridge. Others argue along …
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By Paul Sankey
Published on June 8, 2025 at 12:11 PM
“There is a Lot of Land in West Texas” One of the oldest oil companies in currently quoted US oil equities, Texas Pacfiic Land, originating in 1871, is a barely known outsider that emerged seemingly from nowhere to S&P500 inclusion in 2024: TPL now has a larger market cap (no debt) than Devon, Coterra, Halliburton, Antero or Permian Resources. In this note we deconstruct TPL’s valuation, and establish the massive implied AI Data Center land …
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By Paul Sankey
Published on June 1, 2025 at 2:48 PM
Greetings, Just like that, the month of May 2025 was gone. Always a blink, the wonderful month of blossoms. Thus, Panama hats, white linens and blue seersucker summer wardrobe-ready, Wall Street summer is upon us. Enjoy your weekend, let’s try to relax. A stroll today, to help you think easy, let me give you a reminder of the famous (and generic) Sunday Sankey Pimm’s recipe, which drink converted at least one hedge fund portfolio manager …
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