S&P 5003768.25-27.29-0.72%

Nasdaq12998.5-114.14-0.87%

VIX24.34+1.09+4.69%

DXY90.77+0.53+0.59%

CO54.84-1.59-2.82%

WTI52.06-1.72-3.2%

NATTY2.75+0.095+3.58%

Quote of the day: “If fascism ever comes to America, it will come in the name of liberalism” – Ronald Reagan Link to Reagan’s comment    

Canadian Majors
Paul Sankey

Morning $NOG

Yesterday was one of those thematic days. “You don’t buy a cheap oil stocks, you buy good management.” We started with an activist getting aggressive on Ovintiv, had a great conversation with the CEO of Northern Oil & Gas, had another activist letter to Delek USA from Carl Icahn’s CVI Refining, and rounded out with Happy Hour. But first, it’s Friday, and that means we start with… What do you call a mythical beast that

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BP
Paul Sankey

Morning Oxy

Really strong relative day for oils yesterday, in fact all energy is running as the Biden administration battles its way to the inauguration. I’m driving my son Max to Emory for college on 21th January, through Washington, and one plan was to drop in and see the action on Inauguration Day, a moment in history and all, but DC has been declared a Federal Emergency Zone for the event and we figure that two mysterious

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BP
Paul Sankey

Morning Ideanomics

Client feedback to Sunday Sankey: 1) Did you see exactly what the stratospheric warming event was?  It’s a fast 100 degree warming…. All the way up there.  100 DEGREES… it’s bananas.  Happens once every couple years. 2) Check out this chart…. Nothing to see here.. just super high intraday correlation of TSLA and Bitcoin!  It’s insane.  TSLA should be $780 based on this… and XBT… well… See below for the chart. Inflation? A current boiling

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The 2021 Sankey Research Virtual Refining Conference

January 4th - 5th

With CEOs from Participating Companies: