By Paul Sankey
Published on November 9, 2025 at 7:51 PM
A certain friend just called regarding today’s Sunday Sankey and said “You have the valuation wrong for Diamondback/FANG”. Which matters because we are arguing about Pure Play valuation in US oils. And so I checked and yes – classic nightmare – the Diamondback share price was hard punched, that old spreadsheet elephant trap, and that was distorting FANG’s position in charts, made Diamondback appear too cheap on the charts. Two charts were affected. You would …
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By Paul Sankey
Published on November 9, 2025 at 5:34 PM
Busy week ahead! ENI ringing the bell on the NYSE tomorrow with management comments meeting for analysts. I’m seeing if I can jump on CNBC while I am on the exchange floor. It is a TV set and bell ringing photo op these days. The traders nowadays are chips in data centers. Those guys on the floor are extras. Woodside CEO Meg O’Neill dinner on Tuesday. CVX post-Hess analyst meeting Wednesday November 12th. Happy Hours …
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By Paul Sankey
Published on October 26, 2025 at 7:31 PM
How does value get created and transferred in major energy companies? This past week we had Q3 earnings reports from an interesting representation of key US energy theme companies: Valero in refining, Matador in US exploration and production (E&P), Baker Hughes in transition from oil field service to new technologies, and GE Vernova as a play on “picks and shovels”: for US power demand growth. ~ And the winner was? Not the cheapest (Matador), not …
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