By Paul Sankey
Published on August 24, 2025 at 5:41 PM
Back from my week in Colorado and California. I missed a wet week in Brooklyn as Hurricane Erin passed. Today the weather is perfect, though bearish natgas. Temperatures have been cold and are now ideal. No air con, but a the beautiful summer breeze, we are at 78F, 25C. Top tip: in temperature conversion, 28°C ⇄ 82°F, 16°C ⇄ 61°F, 4°C ⇄ 40°F.~ Natgas bulls look away now: Source: NOAA ~ When in Rome, we …
Read More
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 …
Read More
By Paul Sankey
Published on April 6, 2024 at 2:38 PM
In this note we consider BP’s position in BPX, its US onshore play, in the context of the overall investment case for BP. Source: BP The following thoughts emerged, embracing multiple metaphors: “A camel is a horse designed by a committee”. BP seems designed by committee. It is a jack of all trades, where it should be the master of one. What is the elevator pitch for buying a stock? BP takes a trans-continental train …
Read More
