Who We Are

…No, that is not the title of our future autobiography (could have fooled me though), but rather a key takeaway from our extremely detailed and massively (self-proclaimed) nerdy data analysis of our SOL (shares-on-loan) utilization…

source: The Internet; Rumpelstiltskin (1987) For anyone who missed the meme: In the 1987 retelling of Rumpelstiltskin – pictured above (a German fairy tale classic by the Brothers Grimm), a miller’s daughter is locked in…

Once again, this is not your typical earnings note. We went back through the last four KMI calls (plus two September conferences) and graded every guide, beat and backlog promise. The result is our ~30-slide…

Following up on our initial note earlier this week (No Country for Old Wells: Where We Believe the Street Is Too Bullish (and Too Bearish) on Texas and Permian (incl. NM) Supply, we decided to…