Who We Are

TAS = My initials. Figured we needed some sort of new branded publication. In any case… We believe oil’s risk/ reward remains unusually asymmetric. Not because we know what the next Middle East headline will…

Within we present our latest Love/ Hate Portfolio (LHP17), with marks as of ~12:00 ET on Monday. Looks like a fun one. An MLP we haven’t talked about in a long time emerges as the…

CITGO largely moves under the radar in the public sphere – there is no public equity, disclosure remains limited and the ownership structure remains stuck in a uniquely complicated legal and regulatory process. But the…

Full details within. Timm Weekend Update The weekend takeaway: Markets look calm, but the energy and macro plumbing is getting shakier. Hormuz is not reopened and Iran is still treating it as leverage, the U.S….