Swimming Pool Shorts ($POOL) with an Uzi

By Paul Sankey Published on June 25, 2024 at 8:31 AM

Subject to confirmation, this week Happy Hour we have Uzi Yemin, Chairman of Delek USA refining, from Tel Aviv with an update on all things Middle East and refining. With Frank Kelly last week we are on a geopolitical run. Presidential “debate” incoming (June 27th after Uzi). I am valiantly trying to move summer Happy Hour to around 1pm, to allow people their Thursday evening activities. We will confirm Uzi shortly. ~ Weekly video from …

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Ten Companies, Ten Charts, Ten Recommendations

By Paul Sankey Published on February 29, 2024 at 9:03 AM

Market backdrop: our argument that low US refining utilisation this month (Feb 2024) would tend to pressure crude prices, tighten product inventories, and raise product prices, is not working at all, leading us to demand concerns. Refiners have been weak accordingly, even if background GDP data and better than expected China numbers suggest a good year for refiners. It’s not all bad news: crude oil prices are acting well. Generally with seasonality, tough January weather …

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Context & Questions for Refining Conference Jan 3rd 2024

By Paul Sankey Published on December 30, 2023 at 3:45 PM

Excitement is mounting for our refining conference day next week 3rd January. We also have a former big time oil trader and a former CFO of one of our independent refiners joining dinner 2nd January with Ole Slorer. Still space available if you are in Miami by Tuesday, please join. This note has company specific questions for the Tuesday participants, six companies back-to-back. There is no limit to participants if you want to join the …

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