By Paul Sankey
Published on June 25, 2025 at 12:24 PM
Noted WSJ (typically the most reliable M&A source: “Shell in early talks to acquire BP,” Shell were in early talks to acquire BP in 2005, so good luck with that. BP needs a solution though, no question. We note that the Chairman of Shell Sir Andrew Mackenzie had dealings with activist Elliott Management when he was CEO of BHP, that is now involved with BP, at least involved according to press reports. ~ COVID changed …
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By Paul Sankey
Published on April 26, 2025 at 4:55 PM
He said, Xi said (nothing). We all suffer lunacy in tracking the often-antagonistic, sometimes-capitulative iterations of this “nonsensical” trade war. Headlines this week have drifted towards hyperbole, portents of the death of US-China energy trade – especially oil and LNG. In this note we tit-tat US-China energy. Key points: US energy trade with China is one worldscale trade where we, the USA, are in major trade surplus, globally the dominant supply player, and effectively control …
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By Paul Sankey
Published on April 6, 2025 at 6:55 PM
Assuming you have not just returned from a vacation to Mars, there is no need to describe what happened last week. Remember our old line that “OPEC cuts are bearish US natgas prices?” Well, we come back to that later. OPEC increases this past week… bullish natgas. As we noted in the weekly video we sent Thursday/Friday, we like natgas, gold, (and tobacco). We don’t like refining, oil service, and E&P. Watch this week for …
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