Our Research

After listening to a plethora of earnings calls and meeting with folks (and head of next week’s meetings in Texas), I kind of want to be positioned: 1) Long oily E&P; 2) Short gassy E&P;…

See within for detailed stock & sector observations as well as a brief tutorial for interpreting the SOL analysis.  We believe the individual stock break-down (we limit to top three for ease of viewing) is…

We had a small short position on ENLC. The set up was stacked against the company. Sell-side pushing this as a huge long into the quarter. To be sure we do not love the assets…

Extremely timely obviously given current gyrations in global energy markets! If you are interested please use the link below. I am going to try to allocate spots by this Wednesday. Unlike our bulge bracket counterparts,…

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…

Antero Resources (AR)… we had a good run with a total return of ~46% since inception. We had an implied Northeast pair on of Long AR vs. Short RRC, which we closed out and marked…

…I am, however, bullish natural gas 1) Volume; and (extremely bullish) 2) Volatility. I am officially branding this the ‘V^2 > P’ thesis. To be sure, I believe there will be pockets of temporary natural…

AR: Positive HP: Negative We have a long position in shares of AR in the Model Portfolio at a 6% weight. We reiterated our relative (E&P) call yesterday of 1) Long AR. Vs Short RRC…

***See within for detailed stock & sector observations as well as a brief tutorial for interpreting the SOL analysis. We believe the individual stock break-down (we limit to top three for ease of viewing) is…

While we do not specifically pair stocks within the portfolio (we look at it more holistically as the long book vs. the short book), the long AR vs. short RRC kind of stands out as…

As both our NEE short (17% weight) and NEP short (10% weight) gave back ~2.7% and ~5%, respectively, since Friday’s close. We provide a quick summary of NEE & NEP results within. Overall, we only…

We spent most of last week on the road speaking with investors in NYC and the Mid-Atlantic. Within we provide some high level feedback and thoughts post our meetings. Most important, if you have not…

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…

…and we are left to wonder why this would be a big deal for the oil market (from a geopolitical perspective) over the near-to-medium term. We do not believe global oil flows will be impacted in…

…i.e. Plug Power (PLUG), up ~36.4% since inception on January 10th. We are starting to think about how much meat is left on the bone, but not ready to take the short off in the…