By Paul Sankey
Published on July 25, 2025 at 9:46 AM
It hardly feels like a co-incidence, that Elliott Management are the common denominator between PSX and MPC and Suncor, the similarity being that activist-engaged new CEO Rich Kruger at Suncor blew the doors off operational performance. Remarkable turnaround. Re-worked management systems. And today from nowhere, PSX blew the doors off operational performance that led to a big beat: EPS $2.38 vs the Street at $1.71, with a beat on every line. From a nasty -$328m …
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By Paul Sankey
Published on July 13, 2025 at 6:44 PM
Ola, You might remember my line over the past few years, my line that the biggest danger I face when I travel to Europe, with its land wars, economic and migrant crises etc, is getting hit by a flying champagne cork. Sure enough today’s incredible tennis final at Wimbledon was interrupted by a flying champagne cork landing on court. Congratulations to both players, incredible. A certain Permian Oil CEO and I shared messages of incredulity …
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By Paul Sankey
Published on June 15, 2025 at 4:27 PM
Happy Father’s Day! Having lunch with the three kids this afternoon at 5pm. Specific “Mother’s” and “Father’s Day” as such are American inventions, in West Virginia 1907 for Mother’s Day, and 1909 for Father’s Day as a complement, to be fair to Fathers. Should really be Mom’s Day and Dad’s Day. Mother’s Day in the UK has its origins in the 16th-century custom of ‘Mothering Sunday’, which fell on the fourth Sunday of Lent. So …
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