Recent Posts

Morning Sankey 5/13/21

In the famous TINA market – There Is No Alternative – the question for those who did not get destroyed on “YOLO” calls based on “stonks always go up” – is where to head to if tech is melting down, and cryptocurrencies are airdropping. Cash is likely a short-term move, but a terrible medium and long-term option. You hide in a rising yield on the T Bill, but that too feels like a very poor […]

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8:53 AM

Morning Sankey 5/7/21

A salesman knocks on a door, answered by a 12-year-old boy wearing slippers, an oversized silk dressing gown, smoking a fat cigar in one hand, a huge snifter of brandy in the other. Stunned, the salesman asks “Are your parents in?”  The boy replies “What the fk do you think?” Americans love T shirts. They have the constitutional right to bare arms. Wife: “You need to do more chores around the house.” Husband: “Can we […]

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8:44 AM

Sunday Sankey 5/2/21

All presentation today, see attached link, after the Sunny Saturday Sankey published yesterday and emailed to you, outlined the past week. The week ahead is extremely busy with results – you can see my diary in the attached presentation. The monster week of earnings is behind us, with impressive results from FMAGA – Facebook, Microsoft, Amazon, Google, Alphabet. Week ahead also has Secretary of State Blinken travelling to Ukraine. “I can’t tell you that we […]

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12:25 PM

Morning Athena 4/28/21

We’ve talked about QuantumScape, we have raved about Li-Cycle, a client asked us about Stem Inc, which is coming public through Star Peak Energy Transition SPAC (STPK), to trade as $STEM, assuming deal completion. I have requested to speak with the company, the following are my first impressions. With hearings in Washington on SPACs, we think this is a great opportunity to buy some beaten down names. We don’t think there is any major problem […]

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7:40 AM

Sunday Sankey 4/11/21

This week I am heading to Oklahoma to meet Devon CEO Rick Muncrief and then Houston to bid farewell to outgoing ConocoPhillips COO Matt Fox. Opposite ends of the spectrum for me – never met Rick, have hung out many times over the years with Mr. Fox. The lowlight in professional terms with Matt was doing the first marketing trip for COP in NYC after the dividend cut in 2016. The highlight was Matt making […]

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1:36 PM

Sunday Sankey 2/28/21

One great business for sure is going to be lubricants for windmills. Guess who dominates the specialty oil lubes for windmills market? ExxonMobil. Guess who has their annual analyst day this week? ExxonMobil. March 3rd 9am Eastern, we get the latest iteration of The Big Unit’s story. Will they, like $EOG, get attracted like a moth to the flame of promising growth? We suspect ExxonMobil will, not that we have a problem with their Guyana […]

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12:01 PM

Sunday Sankey 2/7/21

Snowing again here in Brooklyn Heights. One thing that is very striking in this week’s charts is the 6-10 Day weather forecast for North America. It is freeeeezing. Bluest map I can remember publishing, and we publish it just about every week in mid-winter and high summer. As noted our Happy Hour this past week was very bullish oil, basically the call is that oil just went up 15% in a month and is rising […]

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11:32 AM

Morning Sankey 1/28/21

Quote of the day: SINGAPORE, Jan 28 (Reuters) – Shares in small Australian nickel and cobalt explorer GME Resources GME.AX jumped as much as 53% on Thursday, apparently driven by the similarity of its stock ticker code to U.S. retail investor darling GameStop GME.N. Looking forward to Happy Hour tonight! This should be a good one. As always 5pm – please register interest. Just ping me an email to join, it is a great client-only […]

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8:45 AM

Evening Ark Big Ideas

“Go placidly amid the noise and haste, and remember what truth there may be in silence…”  Desiderata* ARK Invest has published its Big Ideas for 2021, and its important to take a look. We can also take a look back at the 2017 predictions. From an investment standpoint, and shareholder returns standpoint, the fund has been staggeringly successful. Obviously by extension so have the predictions, although current zero cost of capital market conditions are perfectly […]

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6:35 PM

Morning $TAN

Your correspondent listened to a loooong podcast yesterday hosting Abigail Hopper, President and CEO of the Solar Energy Industries Association. Hopper was previously head of the Interior Department’s Bureau of Ocean Energy Management (BOEM, big for offshore wind development, and of course offshore drilling). Before that, she was director of the Maryland Energy Administration and an adviser to former Gov. Martin O’Malley. As I learned at quite some expense of time, she was once a […]

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9:24 AM
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