Morning Sankey 4/1/21

By Paul Sankey Published on April 1, 2021 at 8:16 AM

ExxonMobil is clawing its way to earnings respectability, after a brutal run of end-quarter 8k earnings guidance that were introduced as part of the company’s major push into more open and improved communication. The bad news is that the open communication policy introduction coincided with the nadir of ExxonMobil’s modern strategy and operational performance. The good news is that the company is grinding its way off the lows. There is a battle for board seats […]

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Sunday Sankey 1/17/21

By Paul Sankey Published on January 17, 2021 at 12:06 PM

Trying to get up this morning, I was pondering whether the US military could split and part go renegade. However we continue to believe the US constitution will prevail. Rather a negative start to the day, but I moved on to put together the Sunday Sankey for you, with energy, be it alternative, or regular oil and gas, starting the year very well. We continue to be obsessive about the US$ impact on oil prices, […]

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Refiners Overview

By Paul Sankey Published on June 30, 2020 at 1:25 PM

It was in 2017 that the inspiration to write “The Renaissance of US Exploration and Production equities” came upon me, because I realized that US E&Ps had become truly hated. The E&P stocks had the best industrial opportunity set in 50 years, in the Permian and other plays, in their own backyard, far from the hostile frontiers. Oil demand was approaching 100mb/d. And the stocks were hated. And I well knew a group in the oil sector that once had been truly hated. The refiners. Continue reading

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