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Quote of the day: “I need the cash in charge if I want to finance the diversification,” CEO Patrick Pouyanne said at International Energy Week in London in February. “I need to maintain this dance. I need to continue to develop oil and gas.”
Energy Transition
Paul Sankey

Letter from a Bunker in London

Concepts in United States Isolationism Feeling very British, I apologise in advance for this longer more personal note that is less about oil, gas & energy than we typically endeavor, although as the US Energy Secretary would tell you, ultimately everything is relevant to energy, and vice versa. As comedian John Cleese said, a “Public School” Englishman, such as me, at dinner asks for the salt as follows: <Awkwardly raises finger, vaguely waves it> “Um…

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Paul Sankey March 23, 2025 12:44 PM No Comments
Energy Transition
Paul Sankey

Happy Norwuz! Fresh From the White House Lawn?

TODAY will be Diamondback CEO-designate Kaes Van’t Hof on Happy Hour, 4pm ET. Premium event. Register here. This might be the best-timed C-chat we have ever had. https://sankeyresearch.com/conference/sankey-strategy-session-diamondback-cfo-president-kaes-vant-hof-interest-form/ Great timing? According to very limited reports Diamondback is fresh from meeting Mssrs Trump, Wright, and Burgum at the White House, don’t have the exact corporate execs in attendance, but there is an unofficial list of the companies. Nobody energy company seems to want to say much,

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Paul Sankey March 20, 2025 8:23 AM No Comments

Sunday “How Not to IPO”

Greetings, Today we feature Greg on “how not to IPO” after the travails of Venture Global and now Net Power. We were initially positive on Net Power, but subsequently became very concerned on costs and timing. On Venture Global, we were just outright negative. We update in this note. Highlight of this week will be Kaes Van’t Hof on Happy Hour, 4pm ET. Premium event. He is CEO designate at Diamondback $FANG. https://sankeyresearch.com/conference/sankey-strategy-session-diamondback-cfo-president-kaes-vant-hof-interest-form/ ~ A

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Paul Sankey March 16, 2025 9:41 AM No Comments
Energy Transition
Paul Sankey

Whip-smart Yanks and Clueless Brits

Hi, Please join Happy Hour tonight at 4pm ET, which right now is 8pm London Time, and for this confusion, I hope Donald Trump crushes Daylight Savings Time. Stroke of a pen! Source: Wikipedia Premium Events: Today Thursday, March 6th, 4PM ET Robert Mullin – General Partner Marathon Resource Advisors, CIO, PM, Natural Resources Fund. Robert has strong chat based on deep experience in running money in our space. Prior to founding Marathon, 1996-1998, Mr.

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Paul Sankey March 13, 2025 7:22 AM No Comments

Chris Wright: The Price is Wrong

This week on Happy Hour we have an outstanding guest, a CIO, PM, and natural resources expert that I really enjoy chatting to. He has a really sophisticated view of markets, across the board. Note, for example our very brief positive view this past week on non-Canadian uranium play Kazatomprom, our notes on Gold and Copper, and of course Robert does coal, oil, gas and refining. This is our man! Date/Time – Thursday, March 6th,

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Paul Sankey March 11, 2025 7:19 AM No Comments
Energy Transition
Paul Sankey

Sunday Thematic: Chevron’s Caviar Inflection

With the violent markets and noise, we are reluctant to chase the puck week-by-week, and so we step back almost entirely into a long term thematic: Chevron Tengizchevroil, and a really positive view of Chevron here. That thematic is linked as a pdf just below, hope you enjoy. The key section is highlighted in the contents under the imaginative title “Key Section”. Essentially, the genesis & core of this note was Greg Bordelon going back

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Paul Sankey March 9, 2025 4:43 PM No Comments