By Paul Sankey
Published on August 12, 2022 at 9:25 AM
We like the long oil trade here, explained Europe is at war. Russian/EU gas expert Jim Henderson was stark on our call: Russia is waging full scale economic war on Europe. Winter is coming. Darling! I never knew you cared Bull trade in oils is back on, in our view. First, we contend that oil equities often predict the next move in oil, the commodity. As shown below, over the past five days E&Ps (and […]
Read More
By Paul Sankey
Published on July 31, 2022 at 4:11 PM
Big week for what should be terrific oil earnings this week. Watching Iraq Highlight charts – market rebounding, oils catching a bid ~ Week ahead: It’s good to see that oil earnings have worked back onto generalist earnings calendars, as shown from “Earnings Whispers” below. Devon aftermarket Monday sure, BP, Marathon Petroleum and Oxy Tuesday, etc, but believe me, a year ago Berry and Callon did not make these lists (see Wednesday below). Marathon Oil […]
Read More
By Paul Sankey
Published on July 14, 2022 at 8:54 AM
Canada from the top rope with the 100bps interest rate rise. US with the 9.1% inflation print. Here’s US inflation since 1914. We argued that the 2020’s have nothing like the set up of the “Roaring 20’s”, in our note written in 2020 “The Cliché-Myth of the Roaring 2020s”. For one, the stock market to start the 1920s had been essentially in a bear market for 15 years, hammered by WWI and Spanish Flu. Not […]
Read More
