Our Research

Effective immediately we have made weighing adjustments in the Model Portfolio for FANG/ LNG/ PR as follows: FANG (LONG) to a 5% weight from a 9% weight. Total return since inception on January 9th ~20.5%….

Ignore that title if this turns out to be a one-to-two week ‘nothing-burger’ BUT we’ve spent the past few hours going down various ‘rabbit holes’ around the Iran crisis and more specifically the 1) Strait…

As a side note, we’ve already heard a bunch of comparisons of Operation Epic Fury (OEF) to Operation Iraqi Freedom (OIF). Having spent a fair bit of time on the ground in Iraq around that…

…or buy some Private Energy (or Adjacent)? PLS FILL OUT —-> https://www.surveymonkey.com/r/Y9673PM One question. 100% anonymous via surveymonkey. Now that we have your attention… Saturday morning is much busier than we expected with the current…

‘TL;DR’ Summary: Natural gas has had another wild month. We’re tactically long the front, even as storage now looks more ‘comfortable’ on the surface. The key shift is that projected end‑of‑season storage has moved much…

…sorry – we didn’t feel like waiting for DKL, SOBO, WBI, PPL.CN and VG. Earnings should be done by the end of February… In any case a few thoughts within: Whether midstream should be valued…

As a follow‑up to our note last nigh (Building Momentum: Is This the Next Haynesville LNG Corridor Deal?), this note force‑ranks 16 potential buyers on a blend of 1) qualitative strategic fit; and 2) practical likelihood of…

Earlier today, Bloomberg news reported that Momentum Midstream (Company page) sponsors might be looking to sell the asset (see our previous e-mail) for over $5bn, according to people familiar with the matter. Not sure if…

We expect elevated volatility this week with March options expiration on the 24th and the H26 contract rolling off on Friday. The near‑term trading range screens as sub‑$3 on the downside to above ~$3.50+ on the upside…

…as we are putting digital pen to digitial paper. With the last real week of earnings ahead of us, the conversation has shifted from results to positioning – who (and what) investors want to own for…

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 free of charge. However,…

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…