By Paul Sankey
Published on July 9, 2024 at 9:27 AM
Devon buys GME! Gamestop? No, Grayson Mills Energy. To be clear, we like Devon management, we don’t like their strategy. We laid out a carefully considered roadmap for Devon in our February 11th note: “Stop! Unleash the FANG Within” whereby Devon should essentially dispose of everything outside the Permian, focus on its decent Permian position (the FANG within), and massively buy back stock, driving the multiple higher. That would leave them in the position to …
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By Paul Sankey
Published on July 7, 2024 at 1:28 PM
Greetings! I tell you what, with me working from home, most Saturdays and every Sunday… my grip on what day of the working week it is can be confused, but this past week really snuck up on me – who knew the US was calling a week long holiday to celebrate the 4th July 2024? Very French, this just-past Thursday holiday. And during simultaneous Euro 2024 and Copa America soccer-max? I have been like a …
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By Paul Sankey
Published on July 3, 2024 at 10:00 AM
Today graveyard slot, market shuts at 1pm, Greg Bordelon and I will do an “open mike” Happy Hour session today at 12pm into the close. Join us for a final act before July 4th. And remember that as an American you have a constitutional right to take the 5th . Next week Happy Hour we have Rob West, of Thunder Said Energy. Rob is clearly one of the best analysts, doing physics-based analysis, on Wall …
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