By Paul Sankey
Published on July 25, 2025 at 9:46 AM
It hardly feels like a co-incidence, that Elliott Management are the common denominator between PSX and MPC and Suncor, the similarity being that activist-engaged new CEO Rich Kruger at Suncor blew the doors off operational performance. Remarkable turnaround. Re-worked management systems. And today from nowhere, PSX blew the doors off operational performance that led to a big beat: EPS $2.38 vs the Street at $1.71, with a beat on every line. From a nasty -$328m …
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By Paul Sankey
Published on April 24, 2025 at 1:58 PM
Postponing today’s Happy Hour owing to a scheduling clash. (Dan Dreyfus CIO at Bornite) – he will be back soon, on a new Thursday. At the very least, next week Greg Bordelon and I will do a State of Union regarding my current trip to the Calgary and the West Coast, and his model portfolio which is weathering extremely well. Huge up days are not his thing, but overall, Greg is performing very well, where …
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By Paul Sankey
Published on April 16, 2025 at 10:04 AM
Happy Hour 4pm tomorrow we got us an engineer! Macro guru Michael Kao is well-known for Kaoboy Musings – on Substack and Kaos Theory. His twitter handle is UrbanKaoboy. In a crisis, we all become credit analysts. Michael is a stone-cold macro expert. Register Here: https://sankeyresearch.com/conference/sankey-strategy-session-michael-kao-urbankaoboy-interest-form/ Source: Toptradersunplugged.com ~ Here are a couple of charts I have been looking at, rather back of a beermat, pondering that the tide is half way out. The tide …
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