Morning Klipperty, Becks and Loudermilk

By Paul Sankey Published on January 26, 2024 at 8:32 AM

Mark Viviano of Kimmeridge private equity is always impressive. He was on our Happy Hour last evening, to a good crowd of investors. In 2020 Viviano launched a first fund for Kimmeridge, as a “public activist” model. That fund has now returned money to investors, which triggers Viviano’s return. OVV and Oasis were two high profile investments there. Oasis merged with Whiting to form Bakken play Chord Energy. OVV awaits a strategic move, in the…

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Morning Reed, Jeff, Olivier, Rich & Scott

By Paul Sankey Published on January 24, 2024 at 11:23 AM

4Q23 Earnings 1/19-1/23 (HAL, SLB, KMI, UAL, JBHT) On Sunday we said “Netflix to beat, Tesla to miss”. The Netflix call was hardly heroic, we just found re-setting all our accounts to be super-easy, those thrown off my ID happily subscribed themselves (son) and the Netflix film Society of the Snow is outstanding. One down, one to go, so if Tesla pulls a huge upside surprise, we are in coin flip territory on earnings call…

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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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