In this over-view we outline the parameters of considering oil company valuation. Basically Asset PV of future free cashflow x management quality = market value… Continue reading
Happy Hour this week with Michael Lynch, absolutely tenured energy analyst. Michael can explain the last time California had an EV mandate and why it bombed, he had a good article in Forbes this past week about it. Long time MIT, totally established energy expert. I will be chatting to him, and if the attendance is graveyard slot (this Thursday evening before Labor Day weekend) I will persuade him to return. Mike Lynch President at […]
Exciting Events, Tourmaline
Delighted to say that Dr James Henderson is on Happy Hour Strategy Session this week A PREMIUM EVENT. Henderson is an expert in Russia. He started at Amerada Hess, then joined Wood Mackenzie in Edinburgh, where to my eternal gratitude, he was directly responsible for hiring me to join Wood Mac. Great times, Wood Mac and Edinburgh, where my 3 kids were born. Jim moved on from Wood Mac to Russia, heading research at Renaissance […]
OPEC Happy Hour? Yikes!
OPEC tomorrow: Joint Ministerial Monitoring Committee (JMMC) 7am ET; OPEC+ meeting 8am ET Woah it seems the chat from OPEC is they may just stick with the plan. That is, there is potential for an INCREASE in line with the 2021 plan tomorrow. This in spite of Joint Technical Committee (JTC) showing a massive excess of oil in Q1: LONDON, Dec 1 (Reuters) – OPEC+ sees the oil surplus worsening to 2 mbpd in January, […]
Fun July 4th Survey – $250 cash electronically to winner
Fun July 4th Sunday Sankey Survey: shorturl.at/vMQ48