By Paul Sankey
Published on April 26, 2022 at 8:30 AM
Good looking results beat from Valero setting up the “$5 in Q2” call we made over the past week – CEO is Joe Gorder Valero may turn oils performance that was undermined by oil service results last week, Halliburton leading the oil tape lower; we have had a brutal week since my “Mega-bear call: Oils to 10% of S&P500 note”. Sorry about that. ARCH coal announces an $8 dividend up from 25c. Watch Peabody and […]
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By Paul Sankey
Published on April 24, 2022 at 5:46 PM
Quick read today as you got a longer note yesterday on LNG, and I am running late. Just pictures today, and Betsey asked to be on the cover of the Sunday Sankey so it’s a presentation. All the fun favourite charts. Key slides: next week’s earnings highlights starting with Valero. Relative performance, oils performance, high free cashflow yields, and a cash return chart that will be updated on a rolling basis through earnings. Earnings calendar […]
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By Paul Sankey
Published on April 21, 2022 at 9:42 AM
Yesterday on CNBC I repeated the call that oil could get to 10% of the S&P500 based on the current dynamics in global energy. In the segment (link below), which was in the context of Netflix stock collapsing 35% yesterday (down hard further in the pre-market today), I gave a hack explanation of how a growth stock valuation can collapse. Basically, if the market is anticipating huge growth in a zero interest rate environment, the […]
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