By Paul Sankey
Published on January 25, 2024 at 12:47 PM
Happy Hour will be interesting this evening at 5pm with Kimmeridge: Chesapeake-Southwestern among other subjects for Mark Viviano: Mark Viviano Kimmeridge today Thursday, January 25th, 5:00pm EST Sankey Strategy Session | Mark Viviano – Kimmeridge – Interest Form | Sankey Research or RSVP to this email ~ Invite: Valero Senior Management Zoom call, part of US refining conference, SAVE THE DATE: February 8th at 10am Eastern. 2024 Sankey Refining Conference – Interest Form | Sankey Research Good …
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By Paul Sankey
Published on January 19, 2024 at 9:55 AM
This week we had two share issuances in energy, one that we HATED and one that we liked. The hated was Plug Power, the hydrogen play. The liked was Talos, the deepwater Gulf of Mexico (GoM) exploration and production (E&P) play. One of these companies has a positive future, as we outline in this note. If you want to satisfy environmentalists AND Wall St, then undertake orderly liquidation. Issuing shares is the opposite of this. …
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By Paul Sankey
Published on January 13, 2024 at 11:41 AM
This year started with massive writedowns from both Chevron and ExxonMobil in California. You don’t need to read the all-time classic of industry literature, “Oil!”, by Upton Sinclair (nor watch the classic film “There Will Be Blood” which is based on the book) to know there is a long and storied history of oil in California. In this note we write brief histories that led to the write-downs. Spoiler alert, we start with the conclusions, …
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