Our Research

***Charts best viewed on website (link below)*** We believe the individual stock break-down is most helpful for those investors trying to gauge short-term sentiment changes. Stocks that caught our attention this week (happy to talk…

Within, we run a detailed (just for fun everyone, relax) accretion/ dilution analysis with NVDA as a Buyer for XOM; CVX; COP (Long); SHEL; CEG; VST; NRG; NEE; ET (Long); and EPD. We look at…

As of 7AM today, shares of NEE are down ~5.5% to $68.40. Could it be possible that the LNG Long and NEE Short actually both work today?! ***We maintain our short positions and respective 17…

At the time of this writing (~18:00 ET), shares of NEE are trading down ~5% on the heels of a $2bn equity sale that was announced post close (link). Link to prospectus (SEC website): NEE…

Tomorrow at 10AM CST, shareholders of both SWN and CHK will be voting on the pending merger announced January 10th 2024. We had noticed the arb spread on the deal has widened into the vote,…

This morning, front month NYMEX futures are off ~3.4% to $2.783/mcf as elevated domestic supplies are overshadowing bullish weather demand. At the time of this writing we are long a small position in the BOIL…

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…

Key Takes: Our most profitable open position since the Model Portfolio inception on January 10th 2024 is now our NFE short for a total return of ~36% (despite the Friday bounce back on the first…

…How many of the below ‘thought’ transactions will get done before Year-End? We’d like to see at least four or five… Given U.S. presidential election timing dynamics, we believe end of summer is somewhat of…

This is Part II of our Deep-Dive Energy Sector M&A Series (‘The Summer of M&A’), focused on Midstream Transactions. Recall we published Part I focused on Upstream combinations yesterday (EOG Should Buy DVN. SHEL Should…

As we noted earlier today, within we provide a detailed (hypothetical) transaction-by-transaction overview of why select deals could make sense, or not. Deals that are highly accretive on paper and also carry strategic rationale are:…

Earlier this morning, NEE released an updated ~160 page slide deck outlining longer term expectations (through 2027). Mid-point EPS CAGR remained unchanged through 2027 at seven percent Adjusted mid-point EPS are – on average –…

We closed our our DO Long in the Model Portfolio earlier today on the heels of the NE for DO merger announcement. DO had been one of our best performers in the Long book since…

First of all, thank you for all the feedback on our recent comprehensive sector M&A note (link). This remains one of our most read notes with ~1,000 reads over the past five days. Recall in…

Effective immediately, we are closing our DO Long in the Model Portfolio. DO had been one of our best performers on the Long side, with a total return of ~30% since inception on January 10th….