By Paul Sankey
Published on January 16, 2024 at 4:48 PM
The hottest company in the Permian right now, and our TOP PICK for 2023 in US Exploration and Production (E&P), is barely known on Wall Street, nay, barely known outside their home city of Midland, West Texas. PERMIAN RESOURCES ($PR) is a $10B market capitalization, $14B enterprise value (EV) company producing some 300 thousand barrels of oil equivalent per day (kboe/d) of which just under half is oil. Management has an excellent reputation among those …
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By Paul Sankey
Published on December 31, 2023 at 4:45 PM
Happy New Year’s Eve, Brooklyn Heights. Three nephews are staying with us from Mexico, they left this morning at 9am… to join the line for the holding pens at Times Square. The pens are opened at 11am, so they will be in line for two hours, then to be admitted to be penned for 13 hours, for the midnight ball drop. Incidentally the ball drop was introduced over 100 years ago when fireworks were banned …
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By Paul Sankey
Published on December 17, 2023 at 5:31 PM
Season’s Greetings! Beautiful mid-December day in London has passed, it is completely dark by 4pm here at this time of year. We had a thematic on natgas yesterday and broke the record for “out of office” replies, so I hope you are reading this from your Scottish castle, readying for feasts, thoughtfully swirling an Oban 16 in your heaviest Baccarat. One of my great friends nipped into see us in London this week; then to …
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