Who We Are

We don’t believe clients were surpised seeing last night’s Financial Times article (we don’t have a subscription – so only got the Bloomberg recap) that WES apparently approached KNTK. There had always been a perception…

…which we added on Tuesday along w/ GNRC and NRG shorts. Smaller weights at ~2% each. We actually believe DTM is a very well run company – it just comes down to price vs. (elevated)…

TRGP remains a ~9% long weight in the Model Portfolio, tied w/ FANG (notice a theme here?) – with respective total returns of ~30% and ~20% since inception on January 9th 2026. TRGP reported earlier…

Kidding, of course, but breakevens continue to trend lower. Seems highly +ve for Midstream and infrastructure exposed to volumes as well as those benefiting from volatility. That is why we rent E&P stocks! (Despite the…