By Paul Sankey
Published on October 3, 2024 at 9:44 AM
Greetings from London, Happy Hour tonight, we are going meta and chatting with one of the world’s top finance podcasters, JACK FARLEY who has some 30m downloads for his regular show “Forward Guidance” that has featured a pantheon of top macro and economic gurus for the past several years. Jack is now in transition to a new platform Monetary Matters, and we are grabbing him from the beach, so to speak. Date/Time – Thursday, October …
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By Paul Sankey
Published on May 1, 2024 at 6:23 PM
First the shock news… FTC to approve XOM-PXD deal. Then the condition: Pioneer CEO Scott Sheffield cannot join ExxonMobil’s board because of anti-competitive collusion with OPEC. All this is as reported by the Wall Street Journal this evening. Knee jerk first thoughts: Very first thought? You have to suppress a wry smile. Imagine the weeping and wailing at ExxonMobil’s “God Pod” management floors at this loss; get the Pioneer acreage, but not Scott Sheffield. Gosh darn …
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By Paul Sankey
Published on April 20, 2024 at 10:16 AM
A major client liked the chart we published last week, highlighting that Schlumberger has a pattern of under-performing quarterly earnings reports. Quod Errat Demonstrandum, as SLB under-performed on its results yesterday, despite a headline beat. All you can analyse is the margins, and guidance outlook change. They came in neutral to mildly negative on a stock that is relatively expensive. SLB was down -2.14% in a tape which saw the mighty energy sector XLE power …
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