By Paul Sankey
Published on November 15, 2026 at 11:41 AM
Good day to you, I recorded a 30mins video of latest situation with NVDA results next week, Devon, BP meeting upcoming, latest DOE data etc etc – this will be released on YouTube channel. https://youtu.be/H6xgsNmNnDg?si=Nw124aLd2AR433LM Note Torsten Slok on Happy Hour this week, terrific guest. Nobody raps more information faster than Torsten, he’s like a verbal machine gun. The presentation linked above is full of slides like this: Source: Sankey Research Have a great day, …
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By Paul Sankey
Published on November 7, 2026 at 2:53 PM
Devon Energy Board’s strategic review culminated with a thud this past week in a “Letter to Shareholders” that accompanied results after the market on Thursday. The letter was met with howls of protest from shareholders (at least the shareholder activists). In this note we consider the Devon board’s memo to itself. The letter was released with good 3Q results, and concluded: “restructuring complete”. The “carry on, as you were” strategy flies in the face of …
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By Paul Sankey
Published on November 4, 2026 at 7:35 PM
Oof well, we have been working a lot on refining valuation these past weeks, and the refiners got absolutely smashed today. Shout out to the trading desk (I can give you their name but don’t have permission right now to quote) for calling $350/share as the bounce point in Valero, which was down over -10% (low $347.25, -10.4% intraday) at that point, the trader nailed the call in an email to clients. Old School Peabody …
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