By Paul Sankey
Published on June 30, 2024 at 12:31 PM
Okay well you reached half way through the year as of today, and now the nights are closing in as we head towards winter. Wait, let’s not depress ourselves, this week main event? July 4th. We are truly mid-summer and that is a great place to be. Above banner photo, might be invisible as we reduce image quality for file size, but a view of the Statue of Liberty this morning from Brooklyn Bridge Park. …
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By Paul Sankey
Published on June 27, 2024 at 10:08 AM
A friendly banker called this morning on today’s latest oil deal, by $SM, and let’s just slightly varnish this: He asked “What the fk are they doing?” $5bn market cap SM was seen as a takeover target. Stock is down -8% here. SM ENERGY ANNOUNCES HIGHLY ACCRETIVE $2.0 BILLION UINTA BASIN ACQUISITION, 11% INCREASE TO FIXED DIVIDEND AND RELOADED $500 MILLION SHARE REPURCHASE PROGRAM I couldn’t provide a value add answer to his question, but …
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By Paul Sankey
Published on June 25, 2024 at 8:31 AM
Subject to confirmation, this week Happy Hour we have Uzi Yemin, Chairman of Delek USA refining, from Tel Aviv with an update on all things Middle East and refining. With Frank Kelly last week we are on a geopolitical run. Presidential “debate” incoming (June 27th after Uzi). I am valiantly trying to move summer Happy Hour to around 1pm, to allow people their Thursday evening activities. We will confirm Uzi shortly. ~ Weekly video from …
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