By Paul Sankey
Published on January 31, 2021 at 11:55 AM
The feeling is that oil price action this past week was very bullish given that it is traditionally-weak January and it held up vs US$ up and market down moves. Major clients are highlighting SPACs. We see the SPAC route as a major outlet to address the market imbalance between investment $ seeking renewable energy opportunities, and lack of renewable energy market cap plays. In today’s Sunday Sankey we replicate several slides published by Houston […]
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By Paul Sankey
Published on December 30, 2020 at 8:35 AM
We continue to focus on refiners as we move towards our Monday January 4th refining conference. Register interest above. Before moving on to the subject of Valero and renewable diesel, it is worth noting that while the Dakota Access Pipeline situation is a known negative for PSX, as covered yesterday, the company is clearly, alongside Valero, the premium US refiner. In both cases, highly capable and credible managements led by well-established CEOs – Greg Garland […]
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By Paul Sankey
Published on December 29, 2020 at 9:13 AM
Today we note who benefits from low natural gas prices, especially with propane prices ripping higher, and take a look at a key theme for Phillips 66 at our refining conference, the Dakota Access Pipeline. We will cover other themes for the big refiners this week as we run into our refining conference next Monday January 4th. Basically, a forgotten winner from low natgas prices is refining. Also Canadian heavy oil producers, like refiners, have […]
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