By Paul Sankey
Published on June 15, 2024 at 1:06 PM
Trigger warning: today in our “in their own words series” we parse a podcast between Jake Paul and Donald Trump. This note is entirely devoted to that subject, be warned. TLDR: Otherwise lacking a clearly defined policy outline – unless you think the Heritage Foundation’s Project 2025 “let’s combine Church and State” – with few specific campaign promises, Donald Trump is repeatedly saying as he campaigns that he will make peace in the Ukraine, and …
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By Paul Sankey
Published on June 14, 2024 at 9:14 AM
What segment of the global oil value chain saw a structural increase in margins post-COVID? ~ You got it! Gas Stations is indeed the correct answer. Source: Bloomberg Not only have margins doubled in pump sales – historically a brutally competitive, low margin business, but the industry has growth. Shown below, Casey’s has scaled from 1,700 locations to 2,800 locations in the last decade. Source: Bloomberg We can argue that while a more efficient US …
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By Paul Sankey
Published on June 13, 2024 at 8:45 AM
Noted yesterday: old friend/former colleague in Bulge Bracket General Sales raving about GE Aerospace and the CEO, Lawrence Culp, as being outstanding. Noted yesterday: major long only investor raving about Ivanhoe CEO speaking at a conference this week in New York. “The biggest threat is not climate change, it is thermo-nuclear war”. Well, that’s okay then! Evidently Robert Friedland is a must-listen. We will try to get him on Happy Hour. Both stocks are in …
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