Sunday Sankey 3/7/21

By Paul Sankey Published on March 7, 2021 at 12:19 PM

This past week saw the worst market for US crude since modern records begin in 1990. We saw the lowest US domestic crude oil demand in thirty years or more. Who would have known it from the oil price action and oil market mood? Right when the scale of the Texas crisis hit, in terms of lost power, I was writing to you and on Bloomberg TV saying that this is a full-scale national crisis, […]

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Morning Sankey 3/5/21

By Paul Sankey Published on March 5, 2021 at 8:55 AM

It’s Friday. What do you call an overweight kidney doctor who also predicts the weather? A meaty urologist. My thoughts on Mongolian poetry: It has its prose and its Khans. Why do astronauts use Linux? Because you can’t open Windows in space. Noted: Ovintiv results this morning, former rival big oil analyst, and buddy, Kate Minyard has been appointed to the board at the behest of activist Kimmeridge’s Mark Viviano. Viviano/Kimmeridge publish excellent “white papers” […]

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Morning Sankey 3/4/21

By Paul Sankey Published on March 4, 2021 at 8:13 AM

ExxonMobil didn’t poll me for a question after their analyst presentation yesterday, which is annoying, given the feeble nature of the analysts’ polled questions (a lot are now bullish the stock, which always leads to patsy questions), and that nobody asked about the slide below, which was my question. It is interesting because it confirms the abandonment of growth targets, and shows ExxonMobil’s declines. One thing for your analyst, who has attended every meeting for […]

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