By Paul Sankey
Published on November 25, 2020 at 8:47 AM
Last week we published a chart showing the x-y plot of trailing year-to-date free cashflow vs volume growth for the big oil group. This if you remember, prompted Silvio’s legendary joke when I called him to tell him I was having a nightmare with x-y charts, which he misheard to be “having a nightmare with ex-wife chat”. Anyway, a major Long Only investor replied immediately to the note last week pointing out that the chart […]
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By Paul Sankey
Published on November 24, 2020 at 8:18 AM
The oils continue to be lively driven by the surprising up-move in Brent & WTI crude prices, that has come at a point that looked by some measures to be max bearish. If you recall, over the last days of October, Brent fell from $43/bbl to $37/bbl and looked like it might have a run at $30/bbl, COVID resurging, Europe shutting down. Libya roaring back with 1mb/d incremental light-sweet supply. That bearish Atlantic Basin picture […]
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By Paul Sankey
Published on November 8, 2020 at 4:29 PM
Ola, Limited here, as I refuse to talk about the election or COVID. BUT we still have the Sunday Sankey for you. Greek bond yields are slide of the week. We are super-bearish thinking about the 30th November OPEC+ meeting. Super bearish outlook right now for oil. Slides are attached, call me with any comments or thoughts. Thanks I’m not flying to the UK during lockdown. I spoke to my parents yesterday; the idea was […]
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