Who We Are

Williams (WMB) didn’t hit every expectation this quarter – apparently it didn’t need to (yet…). It filled out the buzzword card: ‘Scalable,’ ‘First of many,’ ‘Announce soon’ and ‘11% plus.’ Traditional sell side scored the…

Officially it’s an ‘Iron Condor,’ but we believe it behaves more like a (Times Square) pigeon: It stays within a few blocks (i.e. within range), lives off small crumbs of premium and tries to ignore…

Key Take: We believe the Northeast forward curve already prices another cold winter, and Q1-27 consensus sits even higher on Henry Hub. This is not a hot take on the weather. It is a leverage…

…ahead of the company’s scheduled business update call on December 15th 2026. Key Take: We like integration. But we also believe in portfolio optimization. In our opinion, among other things, BP’s fuels and convenience business…