By Paul Sankey
Published on May 4, 2024 at 2:03 PM
The best E&P earnings performance at the 2/3 mark through reporting season gets a deep dive. Source: Bloomberg, Sankey Research Civitas is the company that sparked our Heavyweights thematic note of 2023. A living, breathing case study in our Heavyweight thesis that bigger is better in energy today. We debated timing a note on CIVI – publish in front of the earnings print last week (so before CIVI reported after the market Thursday) or publish …
Read More
By Paul Sankey
Published on May 1, 2024 at 6:23 PM
First the shock news… FTC to approve XOM-PXD deal. Then the condition: Pioneer CEO Scott Sheffield cannot join ExxonMobil’s board because of anti-competitive collusion with OPEC. All this is as reported by the Wall Street Journal this evening. Knee jerk first thoughts: Very first thought? You have to suppress a wry smile. Imagine the weeping and wailing at ExxonMobil’s “God Pod” management floors at this loss; get the Pioneer acreage, but not Scott Sheffield. Gosh darn …
Read More
By Paul Sankey
Published on April 11, 2024 at 8:51 AM
Tonight on Happy Hour, Willie Chiang, CEO of Plains all American Register here for this PREMIUM EVENT. 4PM TODAY BY ZOOM. Sankey Strategy Session | PAA CEO, Willie Chiang – Interest Form This guy is no dummy, quite the contrary, advanced MBA from Wharton-to-CEO, 20 years in big oil C-Suites, a decent effort, to say the least. And like so many other senior oil executives, Willie is just about the nicest, most thoughtful man you …
Read More
