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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By Paul Sankey
Published on June 6, 2024 at 9:23 AM
Tonight on Happy Hour – 4pm ET – Johannes (Jan) Stuart serves as global energy strategist at Piper Sandler. A self-described oil-geek, Stuart and his team take a micro-fundamentals approach to energy analysis and forecasting – which frequently lands them away from consensus. Previously, Stuart spent 11 years in sell-side research, building leading energy-macro franchises at Credit Suisse, Macquarie and UBS. He was a journalist for much of the nineties and started his career at …
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