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WTI93.73-1.03-1.087%

NATTY3.53-0.05-1.3966%

Quote of the day: “In a time of deceit telling the truth is a revolutionary act.” George Orwell

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Paul Sankey

CVX-Hess Feedback? Pushback.

This evening 4pm – Strategy Session Greg Bordelon on “Model Portfolio” featuring Jim Mooney. Portfolio Manager Death Match, Greg Bordelon vs Jim Mooney. The two friends and former colleagues at Millennium will debate process and application in running money in the oil and oil adjacent sectors. Both fabulously smart, experienced, knowledgeable, I am really looking forward to what they have to say. Register here: Sankey Strategy Session | James Mooney – Interest Form ~ Feedback

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Paul Sankey

CVX-Hess Vote: A Toucan in the Hand is Worth Two in the Amazon Jungles of Guyana

Hess for Chevron sale shareholder vote Is next week 5/28 Source: Sankey Research, companies for logos Understood that Hess has a high level of passive ownership, around 30%, and insider ownership, around a further ~10% controlled by John Hess. It was therefore seen as a relatively straightforward vote that would be approved, until ISS recommended shareholders vote “Abstain” NOT “Yes”. But ISS seemed to be backward looking, disapproving the deal as agreed, rather than looking

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Paul Sankey

Sunday Code Ed

Congratulations, All but made it! You are in striking distance – a week – of Memorial Day; the hard yards for 2024 are behind us, the brutal January-to-Memorial Day run. Summer is upon us, dust down the seersucker jacket, linen white pants, fabric shoes, break out the Sunday Sankey recipe for Pimms, the great British summer drink, Wimbledon, Henley, Ascot beckon. Or a hot dog at the .444 Mets – the stadium is great! Why

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Paul Sankey

* MAJOR NEW PRODUCT LAUNCH * Greg Bordelon Model Portfolio – GBMP

Model Portfolio Launch: Genesis to Revelation “What is your top pick?” – standard buyside question. Not this meeting. This was one of the single largest portfolio managers (PM) in New York, and that’s the world. Running multiple US$10 billions of large cap equities. This PM wanted to hear a whole long-short portfolio. Name the longs; name the shorts. Having taken few notes in the casual conversation up to this point, suddenly their pen was scribbling.

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Paul Sankey

Morning Ed Morse Code: 100kb/d

*** THIS AFTERNOON *** PREMIUM EVENT *** Happy Hour 4pm ED MORSE – the most tenured Wall Street (and DC) Oil guru, now Special Advisor to Hartree Partners, formerly Citi, CS, LCM, Lehman, Barclays, Hess, Phillips, President of Energy Intelligence, DOE under both Carter and Reagan, Princeton PhD, Johns Hopkins… the man is an oil legend. Register interest here: Sankey Strategy Session | Ed Morse – Interest Form ~ With Ed incoming, getting ahead of

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Paul Sankey

When Disaster Strikes: Neste, Vertex and “Renewable” Diesel

*** PREMIUM EVENT *** Tomorrow Happy Hour 4pm ED MORSE – the most tenured Wall Street (and DC) Oil guru, now Special Advisor to Hartree Partners, formerly Citi, CS, LCM, Lehman, Barclays, Hess, Phillips, President of Energy Intelligence, DOE under both Carter and Reagan, Princeton PhD, Johns Hopkins… the man is an oil legend. Register interest here: https://sankeyresearch.com/conference/sankey-strategy-session-ed-morse-interest-form/ Uncutting Ribbons, Restoring Emissions Renewable Diesel (RD) is a real-time disaster that provides a bitter cautionary tale

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