By Paul Sankey
Published on November 11, 2020 at 8:16 AM
Well for sure my timing in the Sunday Sankey making the uber-bear call for oil was completely destroyed one day after I made it, on Monday, by Pfizer’s announcement of a 90% effective COVID vaccine. My old joke is that I am never wrong, it’s just sometimes my timing can be WAY off. And the question of this note, given oil dynamics next move is positive, is timing of entry. Clearly the market was coiled […]
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By Paul Sankey
Published on November 5, 2020 at 8:17 AM
*** This note is election commentary-free. We got definitive results last night. From Pioneer $PXD, Marathon Oil $MRO, Apache $APA, Energy Transfer $ET, and Delek $DK, boom, boom! Really notable sell-off on solar stocks which came into the past month flaming hot, and have seen major corrections led by Sunrun $RUN – 31% past month, SolarEdge -22% which compounded $RUN’s weakness with a guidance warning this week, and First Solar $FSLR down -15% this past […]
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By Paul Sankey
Published on June 30, 2020 at 10:42 PM
Oil so fundamentally saturates global economic activity, that the impact of financial markets is both derivative and primary on on oil commodity markets and oil equities. In this section we start by simply showing the latest data on Oil vs US$ and Oil vs Fed 10 year interest rates. As 90% of world oil & gas trade is denominated in US$, the strength or weakness of the currency tends to have a direct impact on […]
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