Friday Sankey 6/4/21

By Paul Sankey Published on June 4, 2021 at 8:57 AM

I’ve just had my vaccine, but they administered it in my leg. My Pfizer hurting. I got my first shot. I’ll get my second one as soon as I get the bartender’s attention. Why do gay people have parades in June? Because Pride comes before the Fall. What do you call an Englishman at the Euro 2021 soccer final? Referee. Surgeon: “Don’t be nervous Jeff, you should be able to handle this operation easily.” Patient: […]

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Morning Sankey 6/2/21

By Paul Sankey Published on June 2, 2021 at 8:44 AM

The ostrich school of analysis would suggest that I resolutely defend my short term bear call on oil and oil stocks made only at lunchtime on Monday, but the fact is that no sooner had I hit send on the email to clients and website post, than the short term thesis caught fire and sank like Iran’s biggest warship just did: June 2, 2021, Associated Press: “The largest warship in the Iranian navy caught fire […]

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Morning Sankey 5/26/21

By Paul Sankey Published on May 26, 2021 at 9:06 AM

Of course one of the most egregious aspects of Oxy’s deal for Anadarko was that a shareholder vote was deliberately avoided by CEO Vicki Hollub. This doubly bad because a preferred $10bn deal with Warren Buffett was the route taken to get a deal cash-rich enough to avoid a shareholder vote. Activist Carl Icahn took revenge by issuing warrants to all shareholders – but not to preferred Buffett – and effectively capped the Oxy share […]

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