By Paul Sankey
Published on August 18, 2024 at 4:07 PM
On Friday I chatted to a major & long term client, a gen-u-ine hedge fund portfolio manager, and I realized that all our stock views right now are about multiple expansion/contraction; because we cannot get there on a bullish macro call. So today we talk multiples. ~ People kindly ask me how its going at Sankey Research, and the response is that the primary driver of our business is “Oil’s share of the S&P500”. Below …
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By Paul Sankey
Published on June 30, 2024 at 12:31 PM
Okay well you reached half way through the year as of today, and now the nights are closing in as we head towards winter. Wait, let’s not depress ourselves, this week main event? July 4th. We are truly mid-summer and that is a great place to be. Above banner photo, might be invisible as we reduce image quality for file size, but a view of the Statue of Liberty this morning from Brooklyn Bridge Park. …
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By Paul Sankey
Published on March 20, 2024 at 8:55 AM
CERA Week key interest – certainly among the gaggle of merger arbitrage clients that attended this week – was for Chevron, Hess, and ExxonMobil, not least with XOM suddenly releasing a Guyana exploration 8K after the market Friday into the conference open, where Day 1 the star plenary speaker was ExxonMobil CEO Darren Woods. He said a lot, directly pertaining to Guyana, so the 8K was clearly related. One key line was “we are not …
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