By Paul Sankey
Published on December 7, 2025 at 4:42 PM
Snow! To break the jinx, I didn’t mention it this year, but tradition dictates: “Go short oil after Labor Day”, and then, “BUY them again on the first snow in New York City. That’s December 5th”. Old school chat. December 5th, we had actually calculated, was the typical date for first snow in NYC. The analysis was seasonal, and the conclusion was that everyone expects US E&Ps, refiners, to trade seasonally, but actually we showed …
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By Paul Sankey
Published on February 18, 2025 at 9:08 AM
Greetings! It’s a whippy 21°F here in Brooklyn Heights, -6°C. This is the windiest street n New York City, running parallel to the promenade along the exposed hill over looking the grey-icy Atlantic in New York Harbor, with 30mph ice blasts taking wind chill to -7°F, -17°C. This morning at 6:15am at Clark Street, at The Drip coffee kiosk at 6.15am my voice wavered, and cracked, as I asked for my daily “large, ah, iced …
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By Paul Sankey
Published on February 16, 2025 at 4:44 PM
Last night we sent you a note “Valero: Nothing to See Here” jammed with oil market/refining/Valero/PBF/Neste Elliott Management/BP etc chat. In eccentric fashion, the note was approved and distributed yesterday on Saturday night at 11:15pm. Just the perfect timing for a work email. So this note serves to highlight it to you, and keep it brief otherwise. Stay tuned for Sankey Research Partner Greg Bordelon model portfolio update later today, I suspect, but don’t know, …
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