Kimmeridge Coal and Texas Tea

By Paul Sankey Published on November 22, 2025 at 8:06 PM

Mark Viviano, who was on this week’s Happy Hour, is an outstanding presenter. He outlined the background and success of his part of Kimmeridge, the private equity oil firm started by Ben Dell and Neil McMahon, two former sellside Wall Street analysts. Former Wellington Oil & Gas buyside analyst Mark is now on his third Kimmeridge fund since starting up in 2020, same year as Sankey Research sent our first note, July 4th, Independence Day …

BP Results: Beat? Miss? Who Cares, Fire the Board

By Paul Sankey Published on October 29, 2024 at 8:16 AM

Let’s face it, BP can’t miss. The stock sucks. It is just about the worst performing on the FTSE 100 this year, which is hardly a stellar market. Our Q3 results call here is: change the BP board. Somebody has to be held responsible for the performance of this once-great British company, whose last move was to fire the CEO for sexual misconduct. Hardly a “bravo!” for that, especially not as the board then defaulted …