Sunday Mega E&P – and Fred

By Paul Sankey Published on August 21, 2022 at 4:02 PM

So I am back in Brooklyn after vacation (Nizuc Resort, Cancun), needless to say muttering and grumbling to myself. We left some calls hanging before the week away, updated in this note. It was a week this past week where performance reverted to year-to-date performance (see first chart);  we are still bullish US natgas, led by AR, bullish Oxy led by Warren Buffett, bullish the US oil sector on the structural improvement in the companies […]

Read More

Hone on the Range $RRC

By Paul Sankey Published on July 27, 2022 at 8:22 AM

Hess came in on the money, for EPS this quarter, with some noise, but the long term value of Guyana just keeps getting bigger, and this is a remarkable play on the oil age pressing through 2030. Call today. The way things are shaping up in Europe, oil & gas resource in the Americas is severely under-valued. Guyana value is staggering, we have talked about Hess as a $200 stock long term. Besides the chronic […]

Read More

Chesapeake: On a Mission from God

By Paul Sankey Published on May 25, 2022 at 8:21 AM

The concept of this note is “putting the band back together” in the theme of the Blues Brothers, as we see the potential for Chesapeake to merge with Southwestern. The Blues Brothers (1980): Jake: We’re putting the band back together. Mr. Fabulous: Forget it. No way. Elwood: We’re on a mission from God. We could get into a long and tearful reminiscence about US natgas legend and Chesapeake founder Aubrey McClendon (there is a tribute […]

Read More