Oil Earnings Results Post-Performance FWIW

By Paul Sankey Published on April 20, 2024 at 10:16 AM

A major client liked the chart we published last week, highlighting that Schlumberger has a pattern of under-performing quarterly earnings reports. Quod Errat Demonstrandum, as SLB under-performed on its results yesterday, despite a headline beat. All you can analyse is the margins, and guidance outlook change. They came in neutral to mildly negative on a stock that is relatively expensive. SLB was down -2.14% in a tape which saw the mighty energy sector XLE power …

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Morning Whispers and Reality

By Paul Sankey Published on April 4, 2024 at 8:42 AM

This evening 4pm ET HAPPY HOUR with OPEC whisperer Kathleen Kelley, reviewing the latest OPEC chatter after the Joint Market Monitoring Committee met this week. The OPEC powers-that-be said “Carry on”. Kathleen is a former personal advisor to Saudi oil ministers passim, and runs her own consultancy, Queen Ann’s Gate. She is a recognized “OPEC whisperer”, who also consults to major US E&P companies. RSVP to this email or click on this link: Sankey Strategy …

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