Natgas Prices, Arbs, $AR, and Snoop

By Paul Sankey Published on June 15, 2022 at 7:01 AM

Our main concern about the Freeport LNG export outage is that it inspires some “consumer hero” politician in Washington to justify an export ban on oil & gas. The price impact of a cut to gas exports was dramatic yesterday, -15% on spot Henry Hub; Freeport said it would be out for 90 days, end 2022 full resumption. It is imperative that Washington understands the importance of free trade and the role in US oil […]

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You said that; Hess, Antero, Suncor

By Paul Sankey Published on April 29, 2022 at 9:03 AM

First quarter reporting season is always a crazy flurry, and this one is no different. To add to the excitement, just as I sat back yesterday having published on Antero, news broke that Elliott Associates had gone activist on Suncor. We had Hess IR Jay Wilson on Strategy Session. Hess could be worth $200/share on a five year view, at $100/bbl oil. For sure, Guyana is just about the only major global oil supply growth. […]

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Antero: the Mets of Natgas

By Paul Sankey Published on April 28, 2022 at 7:38 AM

One of the great advantages of the Sankey Research Strategy Sessions (5pm Thursday) is that we get very smart people to join the call, and probably the best stock pick we have had over the past two years has been one client’s unremitting bullishness on Antero Resources. The call really started when we wrote bullishly on propane in a September 2020 note “Propane Sankey”. To give you an idea of the times, part of the […]

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