Morning Joe

By Paul Sankey Published on January 5, 2021 at 8:41 AM

Valero webinar today! Me vs CEO Joe Gorder and team. Not too late to register on www.sankeyresearch.com Briefly OPEC+ noted: Russia wants to increase production, to satisfy its own private oil companies and probably thinking of inflicting sustained pain on US E&Ps as much as anything. Saudi wants to maintain cutback discipline, probably concerned about future oil supply shortages if the global industry faces another year of low prices in the $40/bbl on high OPEC […]

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Morning Sankey 12/28/20

By Paul Sankey Published on December 28, 2020 at 9:00 AM

Good morning! Back from a week in Springs, out in the Hamptons. In retrospect I should have not only logged off, as I did,  but also deleted Twitter, where the tag of the week was “ATH” All-Time High, and an upsetting drivel of “I told you so” posting on Bitcoin and Tesla, among others. Most interesting Twitter post came from Lightshed, a fellow AnalystHub platform (which hosts Sankey Research for compliance etc) covering media, with […]

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Morning Refining Series II

By Paul Sankey Published on December 10, 2020 at 9:01 AM

Invitation to our all-C-Level conference below. 4th January. In this note we continue our series on refining, which we started yesterday. Two key detail points that are very important, that we will cover during this series: Super bullish: Net operating losses (NOLs) for refiners from 2020 will mean they pay effectively no taxes through 2021 and beyond. On the bear side, renewable identification number (RIN) prices that prove that refiners have met their blending requirements […]

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