By Paul Sankey
Published on September 15, 2020 at 9:19 AM
Spoke to a top Portfolio Manager yesterday who summed it up, “Why buy a company with a dubious track record, in transition, and that could be Shell as much as BP? Service is dead – have you seen BP and Shell’s deepwater plans? They cancelled. E&P looks bad with the current oil market, look at EOG re-valuing to be in line with the group; we only get strong oil balances by end 2021. Refining margins […]
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By Paul Sankey
Published on September 13, 2020 at 10:50 AM
“One thing I know for sure, In the battle between humans and the environment, the environment will win.” This has been one of my standard lines for more than a decade. It sits alongside “environmentalism is a luxury” in terms of the parameters for considering the subject of alternative energy. Another an old line: “the only barrier of entry to being an oil analyst is units.” In this edition of the Sunday Sankey we lay […]
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By Paul Sankey
Published on June 30, 2020 at 1:38 PM
One problem for the oil investment case is the tendency of the Major Oils to run themselves based on corporate ego rather than shareholder return. Certainly, the long term history of all the major oils can be directly traced back more than a century. Standard Oil is broken into components such as the Ohio and Indiana Standard Oils that became Sohio and Amoco, both now part of BP. But more directly, Exxon, Mobil, and Chevron […]
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