Who We Are

In our view, we’ve squeezed every drop out of this one: Every filing, every proxy, every buyer, every test, and this is the answer (time for a drink tbh). Truth be told, we see zero…

We are calling this one a win, barely. Love/ Hate Portfolio 19 (LHP19; short-term sentiment/ quant-driven) closed its two-week run today up ~140bps. In our view that headline number undersells how much work the rest…

Based on our read, Devon’s activist moment is being framed as a simple choice: sell the gas and unlock the Delaware, or sell the company. We believe that framing is oversimplified. We built an extremely…

…and this is a big one… We have built a detailed, scenario-based framework for a potential Saudi Aramco GasCo listing designed to quantify a wide range of possible outcomes. Caveat: We have no idea what…