By Paul Sankey
Published on March 15, 2022 at 8:55 AM
Emailed question from DC this morning: I’m so confused – why is Brent now below $100??? I thought it would just keep rising and rising! Sankey: Shenzen shutdown is the big one. Also deeply discounted Russian oil coming to market. Also emergency stockpile releases. Also seasonally weak time for demand. In other news, the scale of Devon’s airdrop yesterday relative to a weak sector gives rise to chatter that an M&A deal is coming (and […]
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By Paul Sankey
Published on February 21, 2022 at 7:53 PM
In the grand scheme of things, Putin didn’t “further invade” as Kamala Harris had warned him not to, last week. But you might want to buy a US E&P or two nothwithstanding. This theme note is on Marathon Oil. Contact me for the pdf if you do not receive my email. The old Sankey joke about covering oil stocks: “this job is easy; all you have to do is get the oil price right” broke […]
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By Paul Sankey
Published on February 18, 2022 at 8:41 AM
Having featured a fellow independent researcher on Strategy Session last night – Doomberg – today’s note is a highlight reel of other people’s research. But of course first, Friday you demand jokes, and we are not here to disappoint clients. I used to play the triangle in a band, but it’s just one ting after another. I swallowed a dictionary, and now I have thesaurus throat. My boss arrived at work in a new Lambourghini, […]
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