Morning Garland

By Paul Sankey Published on December 29, 2020 at 9:13 AM

Today we note who benefits from low natural gas prices, especially with propane prices ripping higher, and take a look at a key theme for Phillips 66 at our refining conference, the Dakota Access Pipeline. We will cover other themes for the big refiners this week as we run into our refining conference next Monday January 4th. Basically, a forgotten winner from low natgas prices is refining. Also Canadian heavy oil producers, like refiners, have […]

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Morning Sankey 7/7/20

By Paul Sankey Published on July 7, 2020 at 8:08 AM

On the inflationary impact of Dakota Access Shut Down; and US oil production growth… Continue reading

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Dakota Access Shock

By Paul Sankey Published on July 6, 2020 at 4:07 PM

PSXP stock is getting hit hard on today’s surprise Dakota Access shutdown ruling, alongside Energy Transfer (ET) and Bakken players such as Contintental, OAS, WPX, NOG and diverse names such as MRO. Winners: Canadian suppliers, Permian and other Basins than Bakken, and in refining “Valero wins by not losing.” Of course in the grand scheme of things, the most environmentally-friendly way to move oil is by new pipeline, less by rail, least by truck. But […]

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