By Paul Sankey
Published on February 3, 2022 at 9:39 AM
Strategy Session this tonight 4:30pm with Joe Gorder, Valero Chairman & CEO; Lane Riggs President & COO; Jason Fraser, EVP, CFO; Homer Bhullar, VP IR & Finance. https://www.sankeyresearch.com/2022-refining-conference/ After big volume (Permian) growth numbers from ExxonMobil and Chevron over the past week, today ConocoPhillips held the line with capex guidance in line with previous guidance at $8.2bn. CEO Ryan Lance has said that the company will grow when there is no spare capacity in the […]
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By Paul Sankey
Published on February 2, 2022 at 9:33 AM
What’s going on the market? The Intelligent Investor is back from extended sabbatical and he/she/they is furious. Key current trading ideas: Long Shell into results tomorrow. Long Suncor into results tonight. Stock has lagged CNQ badly, one month, three months, six months, one year. We had strong downstream chat from Suncor’s EVP of downstream Kris Smith on our refining conference, which continues tomorrow with Joe Gorder’s Valero, RSVP. SU has key differentiation from CNQ in […]
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By Paul Sankey
Published on January 30, 2022 at 4:41 PM
Before we argue that Big Cap tech can stabilise the market here, on a fast & personal take of last week’s and next week’s earnings, in recognition that we need to focus on mega-themes, the latest population data from China is extremely important. NYT January 17th, 2022: China announced on Monday that its birthrate plummeted for a fifth straight year in 2021, moving the world’s most populous country closer to the potentially seismic moment when […]
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