Thematic: Middle East Oil Production Capacity, $NESR, $XOM and a $60/bbl Occam’s Razor

By Paul Sankey Published on August 31, 2024 at 12:53 PM

Quote in this note: “this is the first time that the Middle East has more rigs than the United States. And it’s not now more, it’s almost double.” We were very interested in the quarterly report of a delisted SPAC international oilfield service (OFS) company this past week. So interested, that we wrote you a thematic today on NESR (National Energy Services Reunited) vs ExxonMobil. We found NESR’s results call to be a terrific refresher …

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Sunday Sticker Shocks and Straws

By Paul Sankey Published on August 25, 2024 at 3:00 PM

Hello, The last week of Summer 2024 is upon us. Welcome to the first week of 2024/5! Source: Bloomberg, Sankey Research Good luck to you & yours, may it be a great year. ~ Briefly noted: still no Prime Minister appointed in France, which is causing a continuing political crisis there. And next thing you know the founder of Telegram is arrested this weekend at Le Bourget, Paris’s private airport. Telegram, and that story, are …

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Speeding in East Hampton, or Not

By Paul Sankey Published on June 19, 2024 at 4:56 PM

Happy Hour tomorrow Frank Kelly, our politics correspondent, leaning on 40 years of experience in DC. Frank knows everyone, I asked him on after our Trump note last weekend, wondering what the theories are on this upcoming election. We think it could be huge for oil. Tomorrow 4pm ET – note we are moving Happy Hours towards lunchtime for summer, but this one sticks at 4pm. Register for Frank here: Sankey Strategy Session | Frank …

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