Where is oil as Laura hits? Morning Sankey 8/27/20

By Paul Sankey Published on August 27, 2020 at 8:35 AM

Corporate newsflow remains quiet, with the market awaiting more details on the historic announcement from BP on its climate change plans, due September 14th-16th. Several major US oil investors consider this BP move a 100-year strategy shift for big oil. Notably the stunning -40% oil and gas production reduction, as a strategy pillar. US investors remain cynical, the most negative seeing the announcement as a smokescreen for the dividend cut. Elsewhere re-injection issues for ExxonMobil/Hess […]

Ovintiv Q2 2020 Results

By Paul Sankey Published on July 28, 2020 at 9:47 PM

Why didn’t we pursue this strategy BEFORE the crisis? Harry Hindsight with his take on OVV’s Q2 results. Continue reading

Morning Sankey Biden Time

By Paul Sankey Published on July 15, 2020 at 8:50 AM

Washington Brief: the latest Biden energy plan announced yesterday is essentially roll up of the AOC/Bernie Sanders Green New Deal and Nancy Pelosi’s recent HEROES Act, not passed by the Senate, which represent huge – multi-trillion – US$ government spending. Intelligence from Washington: if the Democrats sweep in November, it’s happening. Intelligence from Washington: will the Democrats sweep in November? Yes. These are opinions based on public facts, but informed and respected opinions. Meanwhile, also […]