By Paul Sankey
Published on September 15, 2022 at 9:04 AM
PREMIUM EVENT TONIGHT Luke Gromen, high profile strategist, is on Happy Hour this week, Thursday 5pm. Big guest, big views, big themes, Main Event Gromen vs Sankey HH 53. Tonight Sep 15, 2022 05:00 PM ET Register in advance for this meeting: https://us02web.zoom.us/meeting/register/tZMkcemrqDIvHtyqA85Av3APXBad-aTjuSBR Another great call from our Washington DC guru and Happy Hour regular Frank Kelly, who weeks ago said that he did not believe that a rail strike would be tolerable to the […]
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By Paul Sankey
Published on September 1, 2022 at 3:59 PM
One of our favoured, relatively unmined seams of research, pertains to gas station companies, oil retail, helped by their eccentric reporting schedule. Under its frankly weird fiscal calendar, Alimentation Couche-Tard ($ATD) reported earnings at the close yesterday for fiscal 1Q23, a period ending July 12, 2022. In a world of energy ignorance, it is widely perceived that high gasoline pump prices are prima facie evidence of gouging by gas station companies, which politicians somehow think […]
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By Paul Sankey
Published on August 26, 2022 at 9:31 AM
We have spoken about the structural shortage of US refining capacity repeatedly. We have warned that the US refining system has been running very hard, but has been unable to keep inventories from all time lows relative to demand, particularly for distillate. And we have underlined that distillate (think diesel for my newbie readers) is the default “convenience premium” fuel when natgas and coal get short. It is easier to transport, and generally directly substitutable. […]
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