By Paul Sankey
Published on January 22, 2025 at 10:06 AM
Hybrid bonus Refining Conference/E&P Session tomorrow Thursday 4PM, leading private equity and refining executive: Jeff A. Stevens. Jeff was a stalwart of the Sankey Refining conference back when he was CEO of Western Refining, which was ultimately sold to Greg Goff’s Tesoro for $6bn in 2017. Subsequently he built and just sold a major Permian private E&P player, Franklin Mountain. He has fascinating insight to US oil investment. Coterra Announces Accretive Permian Basin Acquisitions November …
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By Paul Sankey
Published on January 19, 2025 at 6:51 PM
Welcome to a historic week ahead, Day 1 Trump II… INCOMING SLB opens year-end 2024 oil earnings season with a winner – since the start of 2025 we like the oils. Call us twitchy bulls. The word China scares us, but we are looking for China demand upside starting with winter and scrambling for non-sanctioned oil. Our feeble bull case: Asian LNG is now more expensive than diesel in China, which should reverse marginal demand …
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By Paul Sankey
Published on January 12, 2025 at 5:45 PM
One mega-policy that is emerging for Trump II is an old classic: The Monroe Doctrine. In this note we run through an argument that says, “truly anything can happen with Trump and foreign policy.” Pinball market. The key uncertainty is China, where economic weakness in China suggests Trump holds the power Shipping stocks ripping imply Russia-Ukraine will be a protracted negotiation; we see Biden tightening shadow fleet sanctions as strengthening Trump’s and Saudi’s hands; and …
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