By Paul Sankey
Published on August 11, 2024 at 2:29 PM
Congratulations, you made it to vacation time. The Olympics has added to the media lunacy, and that is over. There is no August interruption in service for Sankey Research, but for clients, hopefully you are taking vacation time. In this note we show the cheapest places to get a Big Mac and a beer, globally. See you at Barcap first week of September: Barclays 38th Annual CEO Energy-Power Conference September 4th to September 5th, 2024. …
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By Paul Sankey
Published on August 4, 2024 at 2:11 PM
We attended a big high-end Italian wedding in New Jersey yesterday, which was a great privilege. If a wedding church service is in Hoboken, and the father of the bride is an “old school bond trader” lavishly hosting 350 people at a top New Jersey wedding venue, how great do you think the crooner strolling through the crowd in black tie doing the Sinatra covers, sings? “Old school bond trader?” I asked the father of …
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By Paul Sankey
Published on July 9, 2024 at 9:27 AM
Devon buys GME! Gamestop? No, Grayson Mills Energy. To be clear, we like Devon management, we don’t like their strategy. We laid out a carefully considered roadmap for Devon in our February 11th note: “Stop! Unleash the FANG Within” whereby Devon should essentially dispose of everything outside the Permian, focus on its decent Permian position (the FANG within), and massively buy back stock, driving the multiple higher. That would leave them in the position to …
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