By Paul Sankey
Published on December 18, 2021 at 1:13 PM
Of the many fine analysts I have had the privilege to know over the years, Greg Bordelon is clearly in the pantheon. A true oil guy, son of a Mobil Oil man, he graduated in 2000 from Tulane, cut his teeth at Exxon, and moved on to finance at FBR Capital Markets and Millennium, and before spending many years as an oil long-short portfolio manager for Citadel, subsequently running his own firm. I extend deep […]
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By Paul Sankey
Published on March 18, 2021 at 8:49 AM
Yesterday’s DOE data was brutal for US refiners and particularly PBF. We had been hoping for a much more bullish picture – we got increases in crude AND product inventories. Imports surged particularly into New York Harbor – hence the PBF reference – as European refiners, desperate for market, scramble to attack the surge in gasoline prices caused by the Texas Crisis. This should be a brutal month for refiners, as the quarter ends and […]
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By Paul Sankey
Published on February 3, 2021 at 9:40 AM
Pondering the results and performance of Marathon Petroleum and ConocoPhillips, led me to thinking to what is really working for clients. The answer below is solar, but onwards! The issue is that Marathon Petroleum is mildly outperforming the XLE energy ETF, ConocoPhillips under-performing, so what? This is a swing for the fences market. Note we do have speculative stock picks, and investment stock picks every week in the Sunday Sankey, and these are both on […]
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