By Paul Sankey
Published on October 10, 2025 at 10:14 AM
With oil wobbling down towards under $60/bbl WTI, we started our Happy Hour with Kaes Van’t Hof talking about a bearish bet that we had shared back when Donald Trump announced the Penguin Tariffs. Here is the recording, it is interesting that neither I, nor more importantly Kaes, can rationalise current commentary that has US oil production as rising quite strongly. It simply does not stack up with what he sees in the Permian, nor …
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By Paul Sankey
Published on October 9, 2025 at 12:25 PM
This evening on Happy Hour, Kaes Van’t Hof, CEO Diamondback. I am also delighted to say we have a major catch: Rich Kruger, President and CEO of Suncor is up in early November. Guest – Kaes Van’t Hof – CEO of Diamondback Today, Thursday, October 9th at 5pm ET – note later time. https://sankeyresearch.com/conference/sankey-strategy-session-diamondback-ceo-kaes-vant-hof-interest-form/ Guest – Rich Kruger – President & CEO of Suncor Thursday, November 13th at 4PM ET Registration – https://sankeyresearch.com/conference/sankey-strategy-session-rich-kruger-president-ceo-of-suncor-interest-form/ ~ The …
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By Paul Sankey
Published on June 8, 2025 at 12:11 PM
“There is a Lot of Land in West Texas” One of the oldest oil companies in currently quoted US oil equities, Texas Pacfiic Land, originating in 1871, is a barely known outsider that emerged seemingly from nowhere to S&P500 inclusion in 2024: TPL now has a larger market cap (no debt) than Devon, Coterra, Halliburton, Antero or Permian Resources. In this note we deconstruct TPL’s valuation, and establish the massive implied AI Data Center land …
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