Morning Speedway

By Paul Sankey Published on August 3, 2020 at 8:55 AM

Huge deal from XOM on Friday, committing to no more debt and paying its dividend. The revelation that the company is 70% retail owned was an update to a number we have spoken about many times, that XOM was 50% retail held. Our number was stale! The imperative to pay dividend is clear, the commitment highly meaningful. Arguably XOM may now need to liquidate to pay dividend, which is actually what the market wants. We […]

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Marathon / Speedway NAV

By Paul Sankey Published on August 3, 2020 at 7:04 AM

MPC/Speedway updated NAV. Conference call 9:30am ET. Continue reading

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Sunday Sankey 7/26/20

By Paul Sankey Published on July 26, 2020 at 8:52 AM

As you float behind your wraparound shades, tan-topping on your infinity pool with the Bose underwater speakers cramming Dr Dre’s The Chronic, Kamikaze in hand, I will hunched pale white indoors in Brooklyn watching the final day of the UK Premiership. See slide within. New season starts Sept 12th, what a mess this year has been. There is the resolution of the European Champion’s League to fit in, and we have postponed the Euro 2020 […]

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