Sunday Russia & Tech, Lovers & Losers… Rigged

By Paul Sankey Published on February 9, 2025 at 6:06 PM

With so much macro noise, veritable banging and crashing, headlines emanating from The White House, it is also notable how much micro, company-specific news, we are getting. Stock price divergence has been high to start the year, for example among the Monopoly 7 (Amazon, Apple, Alphabet, Microsoft, Meta, Tesla, Nvidia). In my memory of the “Monopoly 7”, we have never seen one each of the Mag 7 in each performance quadrant on the x-plot below. …

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Chevron, Valero, Venture Global: Wintry Mix

By Paul Sankey Published on February 6, 2025 at 10:34 AM

Freezing winter slush day, very on-brand early February here in Brooklyn Heights. Freezing wet mix, snowy rain settling as sloppy snow. Cold. Black and white; grey. Time for Happy Hour! TONIGHT Happy Hour Zoom 4pm ET Jake Spiering of Chevron Another timely guest, after we did Hess and Jay Wilson last week. Jake is a terrific spokesman/investor relations for Chevron, market cap $275bn, $31.5bn of cashflow from operations in 2024, $15bn capex, production 3.33 mboe/d …

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Venture Global ($VG): Caveat Emptor

By Paul Sankey Published on February 5, 2025 at 6:41 PM

Venture Global is truly an extraordinary story. A massive US LNG export player, in the past decade developed from zero to 30Mt a year; this start-up company “Venture Global” $VG has driven a huge part of the stunning rise in US natural gas exports. Since just 2016, the US has gone from no exports to become the world’s largest liquid natgas – LNG – exporter. VG has been huge in that. We showed you in …

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