S&P 5003934.38-29.13-0.73%

Nasdaq-100%

VIX22.83+0.54+2.42%

DXY109.66-0.17-0.15%

CO2.9900%

WTI77.78-0.36-0.46%

NATTY5.96+0.01+0.17%

Quote of the day: “The crisp path through the field in this December snow, in the deep dark, where we trod the buried grass like ghosts on dry toast.” — Dylan Thomas

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Paul Sankey

Thanksgiving Performance

Happy Thanksgiving! Beautiful day here in Brooklyn Heights. I am extremely thankful. First, thanks to Greg Bordelon, who has partnered this year with Sankey Research and been a pleasure and a privilege to work with. A former major hedge fund portfolio manager, Exxon employee, son of an Exxon employee, and in the first graduating class of Qatar American High School, he is a true oil guy. Zero interest in soccer his chat is rank. Yesterday…

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Paul Sankey

As Bullish As We Have Ever Been

In this note: most bullish on oil field service (OFS/OSX) in a decade. Sankey Research Special Event: post-OPEC dinner Vienna Sunday 4th December, Park Hyatt (location subject to confirmation). RSVP. Accepted: Kathleen Kelley, Jan Stuart, Major US hedge fund portfolio manager, invited: Helima Croft (RBC), Brian Sullivan (CNBC), Lionel Messi (invited by Instagram DM). Yep, yesterday a combination of the WSJ and Saudi official press agency got me. There is now sufficient controversy around the…

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Paul Sankey

Sunday Offside

Regardless of a tough past week, in this note we highlight just how bullish the fundamentals are in US oil, right as we want to be long into winter. Recall every year we are negative oil prices from Labor Day until December 5th, first snow in NY. We are right at that inflexion. Source: Twitter ~ Busy week ahead… with the World Cup. And of course Thanksgiving on Thursday. Prepare yourself fight back from your…

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Paul Sankey

Peabody Buries It

Imagine my delight when I opened my Peabody Analyst Day gift bag, on leaving the meeting Thursday at the New York Stock Exchange, and saw a lump of coal. I instinctively grasped at it. It was a perfect visual hard coal replica, a lump, but in foam rubber and branded Peabody, a stress reliever. Delighted. Gift a lump of coal. Perfect. Then a pair of Peabody sunglasses in one of those silky petrochemical bags. Tied…

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Paul Sankey

Happy Hour today 5pm: Frank Kelly post mid-terms

Hi there, Happy Hour Zoom with Frank Kelly – again? well the Midterms were a surprise outcome. Were they a major moment in American history, per your correspondant? Or am I getting carried away. Perhaps they were a major non-event. Question for Frank: Sam Bankman-Fried a CIA asset, right? When: Nov 17, 2022 05:00 PM Eastern Time (US and Canada) Register in advance for this meeting: https://us02web.zoom.us/meeting/register/tZwvduGprz8qG9wJGztKambMwAkNzJeqyzs7 Reminder: Frank Kelly: Founder & Managing Partner Fulcrum…

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Paul Sankey

Thematic: Coke & Coal & $BTU

We talked about “Peak ESG” we talked about how “energy transition became energy regression”, but it is still surprising in the arc of a 30 year career in energy to be attending my first coal company analyst meeting today, as Peabody – the biggest US coal company – holding a corporate outlook at the New York Stock Exchange this afternoon, starting 1:30pm. The secret is in the ticker: BTU. The world is chronically short thermal…

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