Letter from the Quai D’Orsay

By Paul Sankey Published on July 25, 2024 at 2:14 PM

We just took the Eurostar London to Paris, which City of Lights is empty. Above, the Quai D’Orsay, Notre Dame approaching renovation completion (later this year, fire was 2019). The 2024 Olympics are starting, and the streets are closed. No taxis, metro only to get around or foot. Paris is empty, the notoriously grumpy locals ain’t got time for all this. The local barman is berating the quiet. TGV (Train Grand Vitesse, fast French long …

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Letter from Breiddalur

By Paul Sankey Published on July 21, 2024 at 2:03 PM

Greetings again from Reykjavik, This week we will give you a quick look at the week ahead – which will be as mad as last week I reckon, for reasons to be outlined. For the specifics of oil stock performance last week, Sankey Research Global Head of Being Smart Mr Greg Bordelon will publish this evening, a day-by-day diary account of last week’s performance, which you will receive at 6pm ET this evening, “Model Portfolio” …

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Go West; CVX FTC Groan; Refining Scaring Me

By Paul Sankey Published on July 11, 2024 at 12:51 PM

Today shortly 2pm Rob West of Thunder Said on Happy Hour: Sankey Strategy Session | Rob West – Interest Form Chevron-Hess intraday Source: Bloomberg *CHEVRON-HESS DECISION DELAYED BY FTC TO AFTER EXXON ARBITRATION Guess it kind of makes sense, international asset or not, if the FTC wants to know the final nature of the deal before judging it. The bigger deal is the arbitration decision anyway, we think. Is there a timing agreement issue between …

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