By Paul Sankey
Published on February 23, 2025 at 5:27 PM
Greetings, It was requested that I would start this week with the greatest oil management quote of all time, a veritable “How to do it, definitive”, that was raised at drinks last Wednesday: The story pertains to the movie Armageddon. IMDB: When an asteroid threatens to collide with Earth, NASA honcho Dan Truman (Billy Bob Thornton) determines the only way to stop it is to drill into its surface and detonate a nuclear bomb. This …
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By Paul Sankey
Published on October 16, 2024 at 10:10 AM
Mayfair, London, meeting an oil analyst at a major macro fund this morning, we had a most enjoyable meeting – for me at least – as I pitched the lateral nature of Sankey Research, vs the vertical silo nature of Wall St research. Basically he had worked at refiners, E&Ps, banks, and now commodity traders/macro, and I was arguing that barrel counters in global oil analysis are good at oil markets, but horrible at oil …
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By Paul Sankey
Published on September 1, 2024 at 4:08 PM
We sent you a rather different Thematic yesterday, covering $NESR, the delisted Middle East oil field service player, and the implications of their commentary on record levels of Middle East oil & gas development activity. So just a quick dash through a couple of charts today. Yesterday’s note is especially pertinent to the opening Keynote Speaker at Tuesday’s Barcap conference commencement – SLB, the artist formerly known as Schlumberger. So, plenty of corporate action this …
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