Afternoon $PUMP

By Paul Sankey Published on December 22, 2021 at 3:58 PM

One of the great conundrums of oil is decline rate One of the unconsidered factors is oil field SERVICE decline rates of 20% per annum Oil field inflation is colliding with US E&P capital discipline US production growth next year over/under is just +500kb/d with downside We spoke to ProPetro $PUMP and others around our recent trip to Midland, the core of the Permian. Adding US production volumes over 2022 is going to be a […]

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Friday Sankey 11/5/21

By Paul Sankey Published on November 5, 2021 at 8:35 AM

Ezra’s first quarter as EOG CEO and he lofts it out of the park – massive increase in regular dividend, big special, buyback, he is in NYC next week, take a victory lap Pioneer wanes yesterday after weak buyback guidance Apache on fire We like Denbury on CO2 negative oil, and encourage Oxy carbon ventures Sunrun – we expected either a crashing miss or wild beat and massive stock reaction; we got neutral Delek beats; […]

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The City Sankey 10/7/21

By Paul Sankey Published on October 7, 2021 at 8:53 AM

Marketing in The City – Denbury highlighted by Europe Being long (client) and short (Pioneer $PXD) European natural gas Europeans worried as always about US E&Ps growing – EOG seen as likely to ramp A note on re-repricing options with special dividends Shell profit winning & warning – but no unknown unknowns HAPPY HOUR TONIGHT WITH KATHLEEN KELLEY – OPEC EXPERT. 5PM Eastern. Marketing in The City of London yesterday, I sat down to lunch […]

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