Morning Career Moments

By Paul Sankey Published on April 25, 2024 at 10:14 AM

Today – yesterday’s DOE data. Hess earnings commentary: “Good morning. HES 1Q results are out … and are not bad if I do say so!” Valero out: slight beat. NESTE terrible, stock getting crushed. FTI really good results supporting our long offshore short onshore thesis. Antero OK ~ THIS AFTERNOON 4PM ET Mark Rossano and Fernando Valle of G6 private equity are on Happy Hour. Both are outstanding on the entire energy complex from rig …

Morning Rocking the Status Quo

By Paul Sankey Published on March 6, 2024 at 2:33 PM

Loving these markets, and really enjoying the CVX-Hess-XOM-CNOOC drama. Front line stuff. DOE data – time to check in on the market. Verdict: everything okay in oil, we like the bullish trade into driving season. We like Big Oils, but there is tremendous noise and volatility around Chevron for Hess vs ExxonMobil. Today’s headlines have to be read in the context of ExxonMobil’s bid for Pioneer. The most they can say is effectively re-iterate their …