Our Research

Thx everyone for all the interesting discussions and feedback to our recent Natural Gas Storage note (Natural Gas Storage: Seizing the ‘V^2>P’ Opportunity in a Transforming Market). Even though our prior interactions on domestic storage…

We are rolling out a new product – a closer look at the most recent (preliminary) options positioning for Natural Gas (Henry Hub). We have not dabbled in natural gas options, but believe Open Interest…

The natural gas storage market is at an inflection point – undergoing a structural shift fueled by unprecedented volatility in both supply and demand. At a high level, this aligns squarely with our V² >…

For the news, we include a brief summary description for each headline. We only include links to news sources that do NOT require you to have a subscription to the respective site, or if they do, they are…

Please see the detailed note within for which stocks survey takers (Read On) have gotten right, and which ones have been duds. Recall On November 14th we went live with the ‘Survey Portfolio.’ This is a…

…is just one of the pessimistic comments from E&P operators per the latest Dallas Fed Survey. Full analysis within. Yikes… Never seen the comments box this plentiful and we look at all of these when…

For the news, we include a brief summary description for each headline. We only include links to news sources that do NOT require you to have a subscription to the respective site, or if they do, they are…

Our recent shift to a long position in the mid $3.90s on Friday (NG1; expiring Mar-27th) has placed us in a challenging spot based on weekend data runs (Read On). Position sizing is manageable as…

Please see the detailed note within for which stocks survey takers (Read On) have gotten right, and which ones have been duds. Recall On November 14th 2024 we went live with the ‘Survey Portfolio.’ This is…

take a look inside to find out… Timm Real-Time SOL Utilization Insights imply investors have gotten relatively less bearish on 1) SUN; 2) NFE; 3) VG; 4) RES; 5) CHRD; 6) DEC; 7) ACDC; 8)…

Please see within for updated thoughts on 1) Our positioning; 2) Real-Time Supply & Demand balances; and 3) Latest weather model runs (including displacement). We are still confident in our near-term trading range of ~$4 –…

Within we refresh our most recent analysis around share price returns required to reach previous 52-week highs. We also include performance over the past 30 days, as this roughly ties out with the 2025 high…

…which is a ‘must have’ not a ‘nice to have’ disclaimer in natural gas markets (the all else equal). We had a marginal short position on for NG1 (April; ~$4.19 mark; 10% of our max…

Our latest analysis provides a brief summary of the current state of affairs in the ‘PSX vs. Elliott’ saga. We are incorporating all publicly available materials issued by both parties, including PSX’ latest fireside chats…

For the news, we include a brief summary description for each headline. We only include links to news sources that do NOT require you to have a subscription to the respective site, or if they do, they are…