By Paul Sankey
Published on November 26, 2025 at 3:37 PM
Assuming you are sitting in a traffic jam in the back of a limo being driven out to your country estate for Thanksgiving, we send a little reading for the holiday. You have no doubt seen or experienced this year’s travel data: all-time records. In this note we explain why every year more and more people drive for Thanksgiving, according to our theory: Ex-urbanisation. Notable for Thanksgiving travel, that we are clearly higher than …
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By Paul Sankey
Published on October 16, 2025 at 10:01 AM
Today Strategy Session at 12pm: Doug Garber, former major hedge fund Portfolio Manager (recently attended Barcap, Jeffries energy conferences, Goldman Tech) and founder of PitchthePM.com. Doug works a lot on process, in portfolio management and research, and if you have up-and-comer analysts on your team, you might want to encourage them to listen. A recording will be distributed. https://sankeyresearch.com/conference/sankey-strategy-session-doug-garber-interest-form/ ~ Cooking oil! You can imagine those of us in a niche segment of Wall Street …
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By Paul Sankey
Published on October 3, 2025 at 9:13 AM
In other major US energy news before we start: Permian Highway Pipeline (PHP) shutdown. Kinder Morgan’s ~2.1–2.65 Bcf/d Permian-to-Gulf Coast natural gas takeaway line is said to have an issue, and WAHA Permian natgas prices have gone “double digit negative”.) Bad news for almost all Permian E&Ps, and we can see this as being a tough earnings season coming up for Q3 earnings, as reports of rising costs and flat crude prices with poor Permian …
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