Model Portfolio: Flood Stage

By Greg Bordelon Published on May 4, 2025 at 6:02 PM

Summary Gas finally bounces RINs & cracks; cracks in demand OPEC does it again Hiding where we have to Performance For the week ended 5/2/25, the model portfolio was up 26 basis points on gross market value (GMV). Year to date, the book is +508 bps on GMV. Source: Bloomberg, Sankey Research Considering the whipsawing of headlines, earnings releases, squeezes and selloffs, the day-to-day performance of the book was surprisingly tame. Source: Bloomberg, Sankey Research …

Model Portfolio Update: 4/27/25

By Greg Bordelon Published on April 27, 2025 at 7:00 PM

For the week ended 4/25/25, the model portfolio was down 60 basis points on gross market value (GMV). Year to date, the book is up 483 basis points on GMV. Source: Bloomberg, Sankey Research Regards, Greg Bordelon

Model Portfolio: Second Derivative Second Derivative

By Greg Bordelon Published on April 27, 2025 at 6:08 PM

Summary Down week on a short squeeze Pay no mind to the NGL rejection noise Confused on distillate Short-term gain for long-term pain Performance For the week ended 4/25/25, the model portfolio was down 60 basis points on gross market value (GMV). Year to date, the book is up 483 basis points on GMV. Source: Bloomberg, Sankey Research Down three days and up two on the week, the Hail Mary on Friday was not enough …