By Paul Sankey
Published on February 7, 2024 at 5:18 PM
Tomorrow Thursday 8th Feb 2024 morning Zoom continuation of our early January refining conference: Valero management team vs Paul Sankey; Full Valero management team led by CEO Lane Riggs Thursday, February 8th 10AM ET Valero (VLO) Virtual 2024 Sankey Refining Conference – Valero [ptm.sankeyresearch.com] Or just RSVP to this email ~ Some bullets on chat from clients this week: Interest in ConocoPhillips into the print tomorrow: capex capex capex Willow risk; and North American growth. Clients are concerned …
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By Paul Sankey
Published on February 6, 2024 at 9:38 AM
Awoke? Obviously BP wants to hold its results conference call before the UK market opens, writes your correspondent after the conference call ENDS at 5:43am Brooklyn time (it started at 4am Eastern, with a couple of US analysts asking questions from Houston, for that 3am start, local time). “In a real dark night of the soul it is always three o’clock in the morning, day after day”‘ F. Scott Fitzgerald My suggestion, given that BP …
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By Paul Sankey
Published on January 19, 2024 at 9:55 AM
This week we had two share issuances in energy, one that we HATED and one that we liked. The hated was Plug Power, the hydrogen play. The liked was Talos, the deepwater Gulf of Mexico (GoM) exploration and production (E&P) play. One of these companies has a positive future, as we outline in this note. If you want to satisfy environmentalists AND Wall St, then undertake orderly liquidation. Issuing shares is the opposite of this. …
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