Morning Sankey 3/17/21

By Paul Sankey Published on March 17, 2021 at 8:26 AM

Noted: $PLUG – has said it will restate financials within a couple of months of a major stock offering of 28m shares at $65 per share around January 29, 2021. Not good, unless you are a lawyer. Stock is half that level in the pre-market after yesterday’s shock announcement. The IEA has produced a double whammy today of the Monthly Oil Market Report and their Oil 2021 outlook for global oil markets to 2026. As […]

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Morning Sankey 3/3/21

By Paul Sankey Published on March 3, 2021 at 8:51 AM

NOTE KATHLEEN KELLEY OPEC EXPERT ON HAPPY HOUR THIS WEEK THURSDAY 5PM A year ago, March 6th 2020, I walked into the ExxonMobil analyst meeting day 2 – the deep dive sessions between senior company management and sellside analysts – and by way of introduction to the small group that had gathered drinking coffee before sitting down at the conference table, said what I had just heard from Vienna: “Russia are not going to cut.” […]

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Morning Generac 2/16/21

By Paul Sankey Published on February 16, 2021 at 8:15 AM

Big growing move in Treasuries. Supports long oil and growth to value rotation. We always said that the Fed will not get inflation without oil inflation. The continuation of the theory was that the Fed/Treasury can control dollar printing, and buying US$. But what is the major factor over which they have zero control? Oil. And now natural gas. The point is that treasury rates are moving, quite aggressively by the standards. Charts at end […]

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