By Paul Sankey
Published on February 18, 2024 at 4:28 PM
Suddenly we are all bullish oils. Last week went well. Certainly it went well by oil’s atrocious recent standards vs the wider market. In fact, last week might just be a very bullish set up for the oils. But that statement depends a lot on NVDA results ahead. NVDA reports this week 21st February Wednesday after the market, going head-to-head with oil laggard APA, formerly Apache. We do not expect APA results to change the …
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By Paul Sankey
Published on February 11, 2024 at 5:05 PM
Good day, We sent you a juicy note on Devon $DVN yesterday, “STOP. Unleash the FANG Within”. Plenty to read there, and a Valero paean “right now the best refining margins in February history” came out Friday afternoon. BREAKING: 2/11/24 (Wall Street Journal) — Two Permian rivals, Diamondback Energy and Endeavor Energy Resources, are finalizing a merger that would create an oil-and-gas behemoth worth more than $50 billion. Diamondback could announce a deal with the …
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By Paul Sankey
Published on January 28, 2024 at 4:54 PM
Good day to you, We have a brief outlook for the week ahead, which is massive for earnings. Big Oils, and companies like Amazon and Apple. Speaking of Amazon and Apple, these past couple of days I got completely side-tracked by the Virginia power market. Why? Because that market arguably represents the cutting edge of global economic development, being by far the biggest data center market in the world, and one that will be an …
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