Sit Chat Get Banged

By Paul Sankey Published on May 20, 2022 at 10:47 AM

Strategy Session was back to the round table stock discussion. It was sufficiently enjoyable that we will now have a monthly round table on stock ideas. Next week we have Tourmaline, week after Bob McNally. In between, Memorial Day is a week Monday, check the whites in your wardrobe and start yelling at the pool guy’s voicemail. Companies mentioned last night: Long Inventory E&P’s. We discussed oil volatility and beta skew as oil holds over […]

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The Value in Scarcity: US Refining

By Paul Sankey Published on May 18, 2022 at 8:37 AM

Re-iterate Price Target: Valero $150/share by June 30th. Re-iterate Overweight all US refiners. Illustrating Valero $190/share argument. This is a time of year when the weekly Department of Energy US oil data is crucial: it will be released at 10:30am today. We see an emerging crisis in US oil product markets, depending on how much of that crisis we export to Atlantic Basin markets. It will be a battle of demand destruction: who blinks first […]

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Shorts and Shortages

By Paul Sankey Published on May 12, 2022 at 8:55 AM

PREMIUM EVENT TONIGHT Sankey Strategy Session: Kaes Van’t Hof – President and CFO, Diamondback Energy May 12, 2022 05:00 AM Eastern Time (US and Canada) https://us02web.zoom.us/meeting/register/tZ0rcuyorD8rEtFYFdOdB79bWBSDY7MFzYzP Quote of the week: “I am a dinosaur, but I have never seen these things,” Saudi minister Prince Abdulaziz bin Salman (AbS), who’s been attending OPEC meetings since the 1980s, said Tuesday at a conference in Abu Dhabi, referring to the recent surge in prices for refined products. “The […]

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