By Paul Sankey
Published on April 29, 2021 at 8:56 AM
If you have the strength, Happy Hour Tonight 5pm Register Here: https://us02web.zoom.us/j/84981726924 Let’s see who can be the most bullish on the call! Using $60/bbl long term we can get to a $90 net asset value for Hess, but that work is subject to a conversation with the company. At $70 long term oil we get to $100 NAV/share. It is not as crazy as the old Hess, which ostensibly was trading at a 50% […]
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By Paul Sankey
Published on February 18, 2021 at 8:26 AM
Field trip. Speaking to Devon yesterday after their results, I asked to visit the company in Oklahoma, which seemed somewhat ludicrous in the circumstances. There is an energy emergency in Texas and Oklahoma, in case you have been asleep all week. However a visit is okay to go, so if any clients wish to join me on a Oklahoma/Texas run in the week of March 15th, the plan will be to get through next week’s […]
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By Paul Sankey
Published on September 29, 2020 at 10:02 AM
Yet another bull point on propane. The Morning Sankey goes down the rabbit hole. New York City has made outdoor dining permanent, and the City has lifted the post-911 ban on propane canisters in Manhattan (welders were excepted). With indoor dining limited to 25% capacity, operating restaurants are dependent on outdoor dining, and there has been a scramble to buy propane heaters. My neighbour manages three restaurants and said he was about to buy 15 […]
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