By Paul Sankey
Published on April 11, 2024 at 8:51 AM
Tonight on Happy Hour, Willie Chiang, CEO of Plains all American Register here for this PREMIUM EVENT. 4PM TODAY BY ZOOM. Sankey Strategy Session | PAA CEO, Willie Chiang – Interest Form This guy is no dummy, quite the contrary, advanced MBA from Wharton-to-CEO, 20 years in big oil C-Suites, a decent effort, to say the least. And like so many other senior oil executives, Willie is just about the nicest, most thoughtful man you …
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By Paul Sankey
Published on March 10, 2024 at 6:26 PM
Greetings from the beach, To avoid repetition, let’s not talk about market all-time highs, concentration, and the N-stock. Let’s talk about Mesoamerican history-based opportunities in Mexican real estate. Because I’m in Porto Escondido, State of Oaxaca, Mexico. Photo above. Oaxaca State, capital Oaxaca City, on the southwest Pacific coast, is known as a poor state, with the most indigenous (pre-Hispanic) population, with remarkable history and historic sites, and world famous gastronomy. In this note we …
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By Paul Sankey
Published on February 13, 2024 at 8:47 AM
At 6x pro forma EBITDA, FANG should be worth $180-190/share considering $11-12B EBITDA, less purchase-price adjusted net debt and midstream subsidiary Venom (VNOM) non-controlling interest. From there, it is a gravitational pull to $200. Everyone loves round numbers. Like 5,500 on the S&P500. Or Nvidia $1,000. But for oils, we have to rely on fundamental cashflow-based valuation. Source: Company reports, Sankey Research ~ Today’s WSJ feature on Autrey Stephens, the owner of Endeavor Energy, confirms …
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