By Paul Sankey
Published on April 29, 2022 at 9:03 AM
First quarter reporting season is always a crazy flurry, and this one is no different. To add to the excitement, just as I sat back yesterday having published on Antero, news broke that Elliott Associates had gone activist on Suncor. We had Hess IR Jay Wilson on Strategy Session. Hess could be worth $200/share on a five year view, at $100/bbl oil. For sure, Guyana is just about the only major global oil supply growth. […]
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By Paul Sankey
Published on April 28, 2022 at 7:38 AM
One of the great advantages of the Sankey Research Strategy Sessions (5pm Thursday) is that we get very smart people to join the call, and probably the best stock pick we have had over the past two years has been one client’s unremitting bullishness on Antero Resources. The call really started when we wrote bullishly on propane in a September 2020 note “Propane Sankey”. To give you an idea of the times, part of the […]
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By Paul Sankey
Published on March 27, 2022 at 3:22 PM
This week, a three page thematic overview, followed by supporting charts. First the text, then the charts. ~ Noted refinery explosion last evening, no deaths reported, at ExxonMobil’s small (“only” 60kb/d) Billings Montana niche refinery that is important for local balances. Would drive margins higher for Midcon players such as HollyFrontier, Coffeyville, Delek, and West Coast PBF, and might accelerate ExxonMobil’s long standing attempts to sell the plant (price always said to be too high). […]
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