Our Research

Within we share some of the feedback from our discussions with investors. Shares of FANG finished the day up ~14% to ~$166 per share. This makes FANG the best performer out of our Upstream coverage,…

But is it really a weather (demand… or lack thereof) or production (supply) story? Interested in your thoughts, as always… We had a lot of discussions on natural gas this week, despite a very busy…

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…

At the time of writing, the author currently holds a ‘1) long’ position in shares of ARLP, Alliance Resource Partners L.P.; 2) a ‘long’ position in shares of Citigroup (C); and 3) a short position…

Of course, we can’t say for sure, BUT equities of both entities are (as of 13:00 EST) actually outperforming the overall group today. Further, PAA is up ~2% YTD versus MLP peers ET up ~0.70%,…

…there is a 0% chance BP is a buyer of anything… Thx to all!.  The impetus for the survey was our note from February 6th 2024: BP Just Became the ‘Belle of the Ball:’ SHELL or COP…

Shares of ENPH are up ~15% AH at the time of this writing. The quarter (not great) itself wasn’t the reason for the jump in the share price. That said, the CEO noted on the call…

e-mail for thoughts… I can’t listen to this analyst meeting anymore. ***WHY IS EVERYONE MISSING THE POINT. BP IS NOW THE PRIME TAKEOUT TARGET*** …We have a lot of thoughts on this. But like I…

Please let us know if you would like to discuss some of the relative set-ups. Please note at the time of writing, the author holds: 1) a ‘long’ position in shares of ARLP, Alliance Resource…

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…

PLUG went from ‘Worst’ to ‘First’ (relative versus our last note) on the heels of first hydrogen production at its Georgia plant, catching shorts on the wrong side of the trade (though PLUG is still…

…as ‘Short’ side pares some of last week’s outsized gains. Overall, the model portfolio is up ~7.2% since inception on January 10th. The ‘Long’ return stands at ~2.1% and the ‘Short’ return is ~5.1%. Recall…

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…

…Though today’s joint merger call made sure to convey this is strictly a SUN acquisition. Also, does one ‘bag’ a whale or ‘catch’ a whale? Bag the elephant, catch the whale? Whatever… here you go:…

Please let us know if you would like to discuss some of the relative set-ups into earnings! Overall notable w/w changes (Active ‘SOL’) utilization: Higher (Bearish – with the caveat shorted shares will need to be covered,…