By Greg Bordelon
Published on June 2, 2024 at 7:59 PM
Summary Positive performance on the week on the right side of M&A Life-to-date pair performance lookback Portfolio reshuffling after E&P M&A, gas selloff, and refining nearing bottom Balanced refining, long nat gas E&P, short OFS, long power thematic OPEC risk back in play Performance The model portfolio was +29bps on Gross Market Value (GMV) for the week ended 5/31/24. At the close on 5/31, the model portfolio is +755bps YTD. Strong performance with the MRO …
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By Greg Bordelon
Published on June 2, 2024 at 6:21 PM
Summary Positive performance on the week on the right side of M&A Portfolio reshuffling after E&P M&A, gas selloff, and refining weakness OPEC risk reintroduced Performance The model portfolio was +29bps on Gross Market Value (GMV) for the week ended 5/31/24. At the close on 5/31, the model portfolio is +755bps YTD. Strong performance with the MRO takeout on Wednesday and follow through on Thursday was partially given back in a market unwind on Friday. …
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By Greg Bordelon
Published on May 27, 2024 at 6:00 PM
Summary Positive performance from the book on a down week in Energy Long AI/US power thematics worked while natural gas exposure did not No changes to the portfolio; letting the winners run Messaging lessons from NVDA and why AI narrative makes its way to Energy HES shareholder vote the big headline grabber next week Performance The model portfolio was +49bps on Gross Market Value (GMV) for the week ended 5/24/24. At the close on Friday, …
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