By Paul Sankey
Published on November 17, 2024 at 11:28 AM
We sent you a thematic yesterday at a slightly odd time, late Saturday evening for me here in London, on the UK North Sea and APA. We were very negative on both. This morning, a major long only client wrote from the US: “This [North Sea/APA] write up should be taught in both history classes and policy classes TODAY. Wonderful work and I love reading these. Thank you.” Awww, shucks, kudos as ever to Greg …
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By Paul Sankey
Published on November 16, 2024 at 3:33 PM
In this note we outline the bear case for the UK North Sea, and for APA (formerly Apache Oil) with a price target of $15 on APA (stock closed Friday at >$22) “before we get interested”. We postulate takeover and activist strategy at the end of this note. We slam the UK government and UK eco-fascists for abject lack of global context in their pursuit of “Net Zero”. The UK economy is low emission, and …
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By Paul Sankey
Published on November 12, 2024 at 8:23 AM
Great guests this week on Happy Hour – CEO and team of what has been over time, our favourite North American natgas play: Date/Time – Thursday, November 14th 4PM ET Guest – Mike Rose, Chairman & CEO at Tourmaline Oil & Jamie Heard, VP Capital Markets [and natgas markets wizard] at Tourmaline Oil Registration Link – Click Here Mike Rose is a Calgary legend with good reason, and always a great call. Plenty to talk …
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