By Paul Sankey
Published on September 26, 2024 at 9:10 AM
Today, brief comments on the FT report that OPEC is looking to increase production in December. My major thought is that the FT reporter is relatively new to OPEC, and I do not know him personally (Tom Nelson). There is a clunky first line reference to “unofficial $100/bbl price target” which rattles us, as we explain in this note. However we speculate that Saudi’s sour relationship with several press outlets – notably Reuters, Bloomberg, and …
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By Paul Sankey
Published on July 25, 2024 at 2:14 PM
We just took the Eurostar London to Paris, which City of Lights is empty. Above, the Quai D’Orsay, Notre Dame approaching renovation completion (later this year, fire was 2019). The 2024 Olympics are starting, and the streets are closed. No taxis, metro only to get around or foot. Paris is empty, the notoriously grumpy locals ain’t got time for all this. The local barman is berating the quiet. TGV (Train Grand Vitesse, fast French long …
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By Paul Sankey
Published on June 13, 2024 at 8:45 AM
Noted yesterday: old friend/former colleague in Bulge Bracket General Sales raving about GE Aerospace and the CEO, Lawrence Culp, as being outstanding. Noted yesterday: major long only investor raving about Ivanhoe CEO speaking at a conference this week in New York. “The biggest threat is not climate change, it is thermo-nuclear war”. Well, that’s okay then! Evidently Robert Friedland is a must-listen. We will try to get him on Happy Hour. Both stocks are in …
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