Sunday Sankey 12/13/20

By Paul Sankey Published on December 13, 2020 at 12:18 PM

Last week we highlighted the difference between speculation and investment. We continue that theme with six Big Oil investment picks for 2021, and six speculative picks. We defer on refining until our January 4th refining conference. NOTE we have verbal confirmation from Greg Goff, that he will join the conference for a fireside chat. See inside for details, and register on the website www.sankeyresearch.com Greg and I have to discuss what we discuss, as there […]

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Morning Game Theory

By Paul Sankey Published on November 30, 2020 at 9:20 AM

“We are not going to have an easy meeting. Some members oppose extending the previous production cut. And this makes it difficult.” – Iranian oil minister Zanganeh comments this morning as the meeting kicks off in Vienna. The OPEC meeting started virtually at 8am NY time. There is no more classic modern day example of Game Theory, and more specifically the Prisoner’s Dilemma, than an OPEC meeting. Cortez burned his conquistador boats in front of […]

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Morning Sankey 11/18/20

By Paul Sankey Published on November 18, 2020 at 9:02 AM

There are lots of interesting stories out there to consider, hoping to publish on Iran later this week, a sort of primer. Also in this note: UK Energy Policy, Bitcoin, Non-OPEC Guyana & Norway. As tweeted yesterday on my Sankey Research Twitter @crudegusher it only takes a 10% rotation OUT of Tesla into oils, to generate $36bn of buying pressure on this emasculated S&P Energy sector with a $694bn market cap. Energy (S&P ex utilities) […]

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