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 October 30, 2022 at 6:27 PM
Week ahead: Fed decision and plenty of earnings. Last week was a big one for markets, to say the least. Mega-cap tech bombing the tape. Worked out great for the oils and energy. A client said my chart of oils’ share of market earnings are too low: I have the group at 5% of the S&P500, but 10% of the earnings of the market, he is getting energy earnings at 15% of the market, which […]
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By Paul Sankey
Published on October 26, 2022 at 8:45 AM
Great guest tomorrow, especially as everyone is asking about natgas. Robert Raymond, private equity wizard, the man who gave us our Antero bull stance which he had when the stock was a toddler in 2020. Mr. Raymond is the founding member of RR Advisors LLC/ RCH Energy. He joined Crow Family Holdings in 1994 and subsequently built and managed their energy investment program from 1997-2004. Mr. Raymond oversees all aspects of RCH Energy investment platforms […]
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