By Paul Sankey
Published on November 14, 2022 at 5:03 PM
In our thematic note last week “The E&P Inventory Underhang” we explored growing inventory concerns at Coterra and Pioneer after their 3Q22 earnings reports. Citing Pioneer’s well productivity deterioration, ill-defined capital allocation philosophy, and a broader question mark on the reduction of Pioneer’s future drillwell inventory, we offered Diamondback Energy (FANG) as an alternative to PXD for those investors seeking large cap E&P exposure to the Permian Basin. Here, we illustrate the underpinnings of our […]
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By Paul Sankey
Published on August 30, 2022 at 1:29 PM
Happy Hour this week with Michael Lynch, absolutely tenured energy analyst. Michael can explain the last time California had an EV mandate and why it bombed, he had a good article in Forbes this past week about it. Long time MIT, totally established energy expert. I will be chatting to him, and if the attendance is graveyard slot (this Thursday evening before Labor Day weekend) I will persuade him to return. Mike Lynch President at […]
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By Paul Sankey
Published on August 3, 2022 at 9:23 AM
Tomorrow KelleyKelly Hour: Kathleen Kelley on OPEC. Frank Kelly on Washington DC – lots of action there. View share from clients on results and what they expect next. Tomorrow Thursday 4th August 5pm Eastern. Register for this meeting: https://us02web.zoom.us/meeting/register/tZUkc-qvqjgrH9NWL5mVuMMR2AyR3q1cZrtm We increasingly think that we will favour buyback-heavy oils going into the second half, with our year starting, as always, day after Labor Day. What happens next? The Big Oils are all singing from the same […]
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