By Paul Sankey
Published on November 21, 2021 at 3:55 PM
Presentation today, and commentary below: Thursday evening annoucement: major sellside meeting by ExxonMobil: “updates to their company plan” on Wednesday December 1st. Sellside invited. Virtual. Big deal for ExxonMobil. We had pondered how ExxonMobil would manage their annual capex announcement, due in December, vs their traditional strategy update due next March. We pondered if plans would be ready in time for a December update, given the scale of board and management change that has occurred […]
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By Paul Sankey
Published on November 20, 2021 at 2:30 PM
Continuing our Saturday history series, a single story about what I learned at the St Regis hotel in January 2004: Bad corporate newsflow comes in waves Good management get on great with their employees Don’t be emotional in business; this is the big leagues In 2004 I found myself at the St Regis Hotel, the classic Big Oil event venue in Midtown Manhattan at Park Avenue and 51st, at a major Shell event. I was […]
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By Paul Sankey
Published on November 14, 2021 at 5:25 PM
Good day, Pretty mixed, at best, Q4 so far for oil & gas and “old energy”; but thrilled to see our new energy plays, Li-Cycle and Embark trucks, catching a bid. Oil & Gas are clinging on to our 2021 market leadership. More of that in the attached presentation. Also in the ppt, I ran a whole load of valuation tables, and performance tables. Beautiful day here, although darkness has fallen as I am late […]
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