By Paul Sankey
Published on June 27, 2024 at 10:08 AM
A friendly banker called this morning on today’s latest oil deal, by $SM, and let’s just slightly varnish this: He asked “What the fk are they doing?” $5bn market cap SM was seen as a takeover target. Stock is down -8% here. SM ENERGY ANNOUNCES HIGHLY ACCRETIVE $2.0 BILLION UINTA BASIN ACQUISITION, 11% INCREASE TO FIXED DIVIDEND AND RELOADED $500 MILLION SHARE REPURCHASE PROGRAM I couldn’t provide a value add answer to his question, but …
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By Paul Sankey
Published on June 19, 2024 at 4:56 PM
Happy Hour tomorrow Frank Kelly, our politics correspondent, leaning on 40 years of experience in DC. Frank knows everyone, I asked him on after our Trump note last weekend, wondering what the theories are on this upcoming election. We think it could be huge for oil. Tomorrow 4pm ET – note we are moving Happy Hours towards lunchtime for summer, but this one sticks at 4pm. Register for Frank here: Sankey Strategy Session | Frank …
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By Paul Sankey
Published on May 19, 2024 at 4:33 PM
Congratulations, All but made it! You are in striking distance – a week – of Memorial Day; the hard yards for 2024 are behind us, the brutal January-to-Memorial Day run. Summer is upon us, dust down the seersucker jacket, linen white pants, fabric shoes, break out the Sunday Sankey recipe for Pimms, the great British summer drink, Wimbledon, Henley, Ascot beckon. Or a hot dog at the .444 Mets – the stadium is great! Why …
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