By Paul Sankey
Published on March 2, 2025 at 3:27 PM
Greetings, Beautiful day here in London, darkening now at 5pm, although temperatures are still wintry-chill, the sun was blazing, and in London, the daffodils are out, following the snowdrops that emerge as early as late January. From here in London, we have another six months of spring, and then go into Autumn. The questionable London summer is a brief transition. By contrast in New York we go from Arctic weather to summer heat with nary …
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By Paul Sankey
Published on November 3, 2024 at 8:45 AM
مرحبًا Greetings. I swam to the Antarctic yesterday. I will explain how I managed that – ha ha ha – later in this note, when we talk about Dubai, which like gold, has become a consensus store of wealth. A measure of Dubai: “There are penguins at the Antarctic” said my host, as he eased his speedboat towards a fake island, as I furiously covered myself in sunscreen, through the 5 kph (knots per hour …
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By Paul Sankey
Published on June 1, 2024 at 12:27 PM
“That must mean we’re up here at Gobbler’s Knob, waiting for the forecast from the world’s most famous weatherman, Punxsutawney Phil.” Phil Connors (Bill Murray), Groundhog Day (1993) We are back to writing about E&P M&A … again. Our conclusions are broadly unchanged: Big companies are being incentivized by the market to take over the small, but with an evolution on the margin that finds asset quality now of equal importance to valuation; we are …
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