Recent Posts

Sunday CRC

I asked a major activist investor if I should zip over to Denver this week for the Enercom conference, (starts tomorrow). It’s a staple of the August energy conference diet, which is not a rich diet. Enercom, you pay to attend and a plethora of smaller oil & gas exploration and production companies make presentations with meet & greet. I’ve been once and a client told me as I headed there, the first time he […]

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11:41 PM

Morning Miss

Tonight Happy Hour: Kathleen Kelley on OPEC. Frank Kelly (invited) on Washington DC – lots of action there. View share on results on what happens next. Today Thursday 4th August 5pm Eastern. Register for this meeting: https://us02web.zoom.us/meeting/register/tZUkc-qvqjgrH9NWL5mVuMMR2AyR3q1cZrtm I was on Bloomberg TV bright and early this morning and… I used the “B” word. Just to note, we are long natgas over oil into the coming economic slowdown, and playing for winter. The announcement that Freeport […]

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8:30 AM

Hone on the Range $RRC

Hess came in on the money, for EPS this quarter, with some noise, but the long term value of Guyana just keeps getting bigger, and this is a remarkable play on the oil age pressing through 2030. Call today. The way things are shaping up in Europe, oil & gas resource in the Americas is severely under-valued. Guyana value is staggering, we have talked about Hess as a $200 stock long term. Besides the chronic […]

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8:22 AM

Sunday Brooklyn Heights

Back in Brooklyn, Happy July 4th weekend, insert my annual joke about my not recognising US independence, or Make America Great Britain Again. Harry and Meghan’s second kid is eligible to be a female US President, being born in California. Based on the recent candidates, not just the winning ones but the primaries, just about anybody will do better than the current political class. Enough, let’s take a quick look at the first half. As […]

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1:30 PM

Morning St Germain des Pres

How did we get murdered? Murdered? CHK took out 3.5% of their share count in just over a month.  Why am I in Paris, writing from St Germain des Pres? Where did it all go wrong? George Best used to tell the story of winning in a casino, while dating Miss World, and lying in a hotel room with her, empty champagne bottles spread across the room. The service guy entered, looked at the scene, […]

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8:45 AM

Chesapeake: On a Mission from God

The concept of this note is “putting the band back together” in the theme of the Blues Brothers, as we see the potential for Chesapeake to merge with Southwestern. The Blues Brothers (1980): Jake: We’re putting the band back together. Mr. Fabulous: Forget it. No way. Elwood: We’re on a mission from God. We could get into a long and tearful reminiscence about US natgas legend and Chesapeake founder Aubrey McClendon (there is a tribute […]

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8:21 AM
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