By Paul Sankey
Published on May 22, 2024 at 8:58 AM
Hess for Chevron sale shareholder vote Is next week 5/28 Source: Sankey Research, companies for logos Understood that Hess has a high level of passive ownership, around 30%, and insider ownership, around a further ~10% controlled by John Hess. It was therefore seen as a relatively straightforward vote that would be approved, until ISS recommended shareholders vote “Abstain” NOT “Yes”. But ISS seemed to be backward looking, disapproving the deal as agreed, rather than looking …
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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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By Paul Sankey
Published on May 18, 2024 at 4:06 PM
Model Portfolio Launch: Genesis to Revelation “What is your top pick?” – standard buyside question. Not this meeting. This was one of the single largest portfolio managers (PM) in New York, and that’s the world. Running multiple US$10 billions of large cap equities. This PM wanted to hear a whole long-short portfolio. Name the longs; name the shorts. Having taken few notes in the casual conversation up to this point, suddenly their pen was scribbling. …
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