By Paul Sankey
Published on October 12, 2022 at 7:37 AM
Greetings from London, Noted, more buyback? Less capex? How about a stealth capex deal, Diamondback for “closely held private” Firebird. Diamondback’s addition of adjacent drilling locations in the Permian underlines that the US oil bonanza has turned from growth to productivity – world oil supply is structurally challenged, “even in the Permian”. The price looks reasonable, even in the context of Diamondback’s own stock price, the point being, where does this sit with their net […]
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By Paul Sankey
Published on September 28, 2022 at 8:37 AM
With markets in flames like something out of a Naked Gun movie, Central Bankers the inept cops, rioting traders burning and looting, we continue our post Labor Day theme of advising on fire prevention and avoiding arrest. So: it is sadly time for another negative earnings revision cycle. We rolled up over 60 US-based energy companies covering upstream, midstream, downstream, integrateds, and oilfield service to see get the booking mugshot for the group. After chasing […]
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By Paul Sankey
Published on September 27, 2022 at 8:59 AM
Trading call: all the world is expecting a market bounce today, quite possibly violent this week, as the Fear/Greed index gets into “Extreme Fear” Territory. We see this as a short term bounce, and are waiting until we are nearer towards full winter before looking for the big bull call on oils into 2023. Weather in Brooklyn: chilling in line with winter starting December 5th, our traditional date for first snow in NYC; key question […]
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