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Friday $UAN 10/1/21

Key points: ExxonMobil increased profit guidance As predicted by my BBG TV “it’s a global energy crisis” rant: Chinese government to energy companies: “buy all the energy you can” – link below Positive feedback from “influencer” investors on Embark autonomous trucks $NGAB Small-cap MLP? UAN is a fertilizer producer that uses petcoke feedstock advantage; just the ticket for this macro-environment; almost no coverage on Wall Street. It’s Friday, and in Sankey Research world that means […]

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8:50 AM

About as American as it gets*

Good day! Happy Hour tonight if you fancy a chat. No special guest, but I am in an extremely good mood as tomorrow I head back to Mexico to go fishing offshore Ixtapa on the Pacific Coast. I hope you are getting some time in August, and the market gods give us quiet volumes and a gentle drift higher. Happy hour registration Link: https://us02web.zoom.us/meeting/register/tZIocuuprTooG9SqNZxj9rgUjl9KZxTOEHAJ The Vix looks more and more tempting, but making money from […]

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2:39 PM

Sugar Magnolia 8/6/21

Friday, jokes: Breaking news: Robinhood halts trading in Robinhood. Trevor Milton’s career is rolling downhill. How do you make a bomb out of an apple? Puncture the battery. What do ducks say in Mexico? Guac. My son started dating a girl who plays soccer. He says she’s a keeper. Brian Sullivan does a great job on CNBC and is probably the best TV anchor on oil. Alix Steel on Bloomberg is also great. I first […]

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12:13 PM

Morning StEVe LEVine 6/17/21

Tonight Happy Hour 5pm we are delighted to host Steve LeVine, world battery expert and author of “Powerhouse, America, China and the Great Battery War”, editor at large, Medium, “covering the turbulence all around us, electric vehicles, batteries, social trends”. He writes for The Mobilist, and is ex-Axios, Quartz, WSJ, NYT. 5pm ET tonight, https://us02web.zoom.us/meeting/register/tZEtc-2vqz8jGtxwSq3R416BOuVoJD9v1vnE Steve and the debate that follows will allow me to finish my thematic “Electric Vehicles, not so fast”. The fact […]

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9:22 AM

Sunday Sankey 5/23/21

Watching Iran, but 1mb/d of oil exports are already in the market. Huge week ahead for ExxonMobil, with the Shareholder Meeting and board vote on Wednesday this week. We wrote about it on Thursday, see the note on www.sankeyresearch.com or emailed. Noted that Halliburton shareholders rejected the company’s pay proposal last week, which is encouraging. The pay of oil executives relative to shareholder returns has been an abomination for years. Executives should try a few […]

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12:19 PM

Sunday Sankey 5/16/21

Good day, The week ended with the guided announcement from Marathon Petroleum that its deal with Seven & i to sell the massive Speedway gasoline retail network had closed for $21bn cash, and upside guidance from Marathon Petroleum on an imminent Dutch Auction for $4bn of stock, within a $10bn open buyback authorization. It was uncertain how much debt would be paid down, but that was announced light at $2.5bn. MPLX, the 63% MPC-owned MLP, […]

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12:59 PM

Morning Sankey 4/29/21

If you have the strength, Happy Hour Tonight 5pm Register Here:  https://us02web.zoom.us/j/84981726924 Let’s see who can be the most bullish on the call! Using $60/bbl long term we can get to a $90 net asset value for Hess, but that work is subject to a conversation with the company. At $70 long term oil we get to $100 NAV/share. It is not as crazy as the old Hess, which ostensibly was trading at a 50% […]

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8:56 AM

Morning Sankey 2/5/21

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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8:34 AM

Sunday Sankey 1/24/21

“Does anybody in Washington care about the deficit? I mean 25% of all dollars ever printed were printed in 2020, and the total stimulus at $5trn, so far, exceeds the GDP of Germany… and Biden plans more…” I asked Frank Kelly, head of government affairs at DB, as we sat in Great Falls, just outside Washington DC, in a gastropub. We had driven past the preposterous mansions that line the road of this former farming […]

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12:33 PM
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