By Greg Bordelon
Published on July 14, 2024 at 6:00 PM
SUMMARY Good performance & spilling ink Squeezing refining stones and/or turnips History as earnings guide(s) Growing prospect of gas re-curtailments With great power comes … mobile turbine gensets FANG premium over PXD PERFORMANCE For the week the book was up 51 bps, taking the year to date performance to +773 bps on GMV. Big back-to-back up days on Wednesday and Thursday were more than enough to overcome a small down day on Friday, bringing the …
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By Greg Bordelon
Published on July 13, 2024 at 5:01 PM
PERFORMANCE For the week the book was up 51 bps on GMV, taking the year to date performance to +773 bps on GMV. Big back-to-back up days on Wednesday and Thursday were more than enough to overcome a small down day on Friday, bringing the YTD performance near the highs set in early June. Net $ and Beta exposure are both holding low as I maintain a cautious stance on the group. Hit rate on …
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By Greg Bordelon
Published on July 7, 2024 at 7:00 PM
Summary Treading water and playing defense Gas implosion may accelerate buying opportunity Refiners running too hard …. in peak demand season Tightened portfolio exposures and added new backdoor AI trade Sankey Research Happy Hour Trade IYKYK Performance The model portfolio managed to eke out a gain on the short week, up 3 basis points. For the year, the book is up 720 basis points on gross. Source: Bloomberg, Sankey Research Regards, Greg Bordelon
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