By Paul Sankey
Published on February 9, 2021 at 8:51 AM
It was invariable, in a market with one dimension since the March lows “Don’t fight the Fed, buy-buy-buy with the Fed; cost of capital is close to zero, equity value is close to infinite” that eventually the laggards would have to rip, and so we “energy transition” oil analysts find ourselves basking in the glory of best performing sector in the market year to date. This , which was a joke that was made on […]
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By Paul Sankey
Published on February 7, 2021 at 11:32 AM
Snowing again here in Brooklyn Heights. One thing that is very striking in this week’s charts is the 6-10 Day weather forecast for North America. It is freeeeezing. Bluest map I can remember publishing, and we publish it just about every week in mid-winter and high summer. As noted our Happy Hour this past week was very bullish oil, basically the call is that oil just went up 15% in a month and is rising […]
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By Paul Sankey
Published on February 5, 2021 at 8:34 AM
Max bullish oil here, buy oil leverage. That was the Happy Hour call last evening. By November last year we were saying “All in on the equities” and we ended the year with six investment grade oil stocks and six speculative oil stocks with the call: “buy both groups.” Key specifics: 2022 oil futures a bargain at $52/bbl, Oxy for operational (Brent) and financial (massive debt) leverage. MEG in Canada. Watch out for natgas exposure […]
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