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Morning Titanic Sankey

Three analyst meetings in two weeks: BP, Apple, Tesla. Confirmed by Tesla Battery Day: the Big Oils need to pursue a strategy of “orderly liquidation” in line with our “Renaissance of US E&P” thesis. Cut capex, reduce growth, return cash to shareholders. Orderly liquidation. Shrink to grow value. We are advising a refiner to go private, we have been for years, arguably we have been for all refiners. No growth capex, buy back stock until […]

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9:17 AM

Sunday Sankey 8/2/20

Our usual round up of the continuing power of growth stocks over value stocks, concerns about the US$, the fact that the oil market is weakening again, watching hurricane season into seasonal slowdown. We cover XOM, CVX, refining, markets, “The New 1950s” and much more besides within! Continue reading

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10:21 AM
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