Friday Sankey 5/14/21

By Paul Sankey Published on May 14, 2021 at 8:28 AM

“Darling I think the new clothes drier is shrinking my clothes.” “No honey, that is caused by the fridge.” On the other side: “Does this outfit make me look fat?” “No your fat makes you look fat.” Don’t spell part backwards. It’s a trap. Our tortoise was falling in love, but now he’s only falling apart. There’s nothing I can do, it’s a turtle eclipse of the heart. Yesterday it felt like the market confirmed […]

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Sunday Sankey 3/21/21

By Paul Sankey Published on March 21, 2021 at 12:36 PM

Morning! Iran and China. Mr. Biden has his hands full with Putin asking for a live debate further to Biden being asked “is Putin a killer?”, that caused Russia to immediately withdraw its US ambassador. Big week for global geopolitics. There is no question that China is becoming ever-more diplomatically, geopolitically, aggressive on a sustained rising basis, and buying oil from Iran through smuggling is clearly at the top of the defiant self-interest list. Official […]

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Morning Sankey 2/4/21

By Paul Sankey Published on February 4, 2021 at 9:11 AM

Shell results, meh. We argue that to out-perform, Big Euro Oils need major US fund managers buying at the margin. For ever, Euro oils have looked cheap relative to US. It never changes. See chart below, the same at the most extreme applies to Russian oils. Right now, Big US buyers are either not buying any oil, buying oil leverage, or buying ExxonMobil. The Supermajor Euro oils are not attractive, ex TOTAL. The track record […]

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