Our Research

EPD is the first large MLP structure that reports. Within we provide a few puts and takes on the quarter. More importantly, we believe today’s trading action could be telling with respect to our thesis…

Lot of speculation as the release is not full of a lot of details but the main feedback we are getting is that WES is for sale now. We have run several M&A scenarios prior…

We partially covered (unfortunately…) some of the NG2 (Dec) Short position earlier today at $2.87 and $2.849 (more so from a risk management perspective – near-term fundamentals remain quite bearish; Read On) but maintain a…

We partially covered (unfortunately…) some of the NG2 (Dec) Short position earlier today at $2.87 and $2.849 (more so from a risk management perspective – near-term fundamentals remain quite bearish; Read On) but maintain a…

Most discussed stocks and topics this week (irrespective of Model Portfolio): RRC; EQT; CTRA; PR; DVN; TLN; NEP; TRP vs. ENB; PSX; Nat Gas; Election Impacts Model Portfolio Total Relative Return (+16.8% Total Return) versus Major…

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…

…Just kidding, people from Baltimore! Harbor East isn’t bad… also I should not be talking… I live outside of Philadelphia in the sticks. So we will be on our way to Baltimore tomorrow am for…

We are not replacing the short position at this time. RRC was one of our bigger weights in the short book at ~7%. RRC reported earnings earlier in the week. Please reach out if you…

Within, we share with you real-time 1) Current Absolute Shares-on-Loan Utilization; 2) W-W % Changes in Absolute Shares-on-Loan Utilization; 3) Borrow; and 4) Changes in 4-week moving average shares-on-loan utilization for ~200 publicly traded corporates…

Post MTDR/ NBR/ RRC results we are pressing front end of the curve (Nov 24) short to the max. We are still long Feb-25.  We may close the front month short depending on what happens…

And… another Energy IPO on deck. Happy to chat on this one. Set to price later this week. They have a publicly available roadshow video. Let me know if you would like to see the…

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…

Last week, Q3 earnings season kicked off. Since we don’t just focus on one Energy sub-sector (like our Sell-Side counterparts) we believe we have a unique angle in identifying both ongoing and developing themes in…

Most discussed stocks and topics this week (irrespective of Model Portfolio): KMI/ LBRT/ SLB Read Throughs; What is happening in Natural Gas markets (i.e. how much worse can it get); DVN; COP; RRC; CTRA; EXE; EQT;…

Within, we share with you real-time 1) Current Absolute Shares-on-Loan Utilization; 2) W-W % Changes in Absolute Shares-on-Loan Utilization; 3) Borrow; and 4) Changes in 4-week moving average shares-on-loan utilization for ~200 publicly traded corporates…