Our Research

***Excel Data Available Upon Request. Full Company Level Details (~200 Corporates) Within*** The following equities exhibited notable w/w changes in their active shares on loan utilization… Higher: SUN/ GEL/ PAGP/ NPWR/ BE/ RUN/ FCEL/ VTLE/ SD/…

Thank you for the well over 200 responses! This is one of the most comprehensive M&A surveys we have ever performed! Affiliation of survey takers: 1) ~37% Portfolio Company/ Corporate; 2) ~21% Long-Only; 3) ~17%…

…For the boos… Happy Sunday! 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,…

Effective immediately, we are removing DVN as an Overweight from our Model Portfolio Number 1 (our Core Portfolio), for a one percent relative loss since inception. ***We are adding SHEL to replace DVN*** We believe…

The total return for this trade is ~3% based on closing prices on 10/25/2023. We initially put this trade on 9/25/2023: Link This is not a call on the respective quarters. Please see within for…

Tell us what you really think… Multiple choice for your top three ‘marriage’ pairs. As always, 100% anonymous. LINK: The Schneider Capital Group ***M&A Outlook Survey*** Please feel free to share this link within your…

…Dead Lifts… So much going, so little time. Shoot us an e-mail if you want to catch-up on positioning etc. Quick model portfolio and trade idea performance updates below. ***Model Portfolio 1: Total Return since…

***Excel Data Available Upon Request. Full Company Level Details (~200 Corporates) Within*** The following equities exhibited notable w/w changes in their active shares on loan utilization… Higher: GEL/ ARLP/ MPLX/ NPWR/ PAL/ TPIC/ EVA/ MTDR/…

One of the greatest joys of moving out of Manhattan has been an abundance of delicious, reasonably priced chain food restaurants. Who needs L’Artusi anyways! Chilis is probably my favorite but may switch it up…

Did you Know: New Jersey is the only state left where it is illegal to pump your own gas. Hence most people in New Jersey prefer to pump their fists. New Jersey law states that…

So we got a few more unconfirmed M&A tales this week (links to Bloomberg news reports below). We’ve been aggregating some of the general comments and feedback we have collected. See within for details.  As…

In a recent note (XOM for PXD is the Largest Announced M&A Deal Globally YTD) we highlighted some of the most discussed questions and topics with investors. We attempt to answer these within. Is this…

Leading with the conclusion (full details within): We continue to like this infrastructure laggard (-2.5% vs. broader infra Q3 thru today). There are a few items to look for on the call tomorrow, but no one…

…though November Oil & Gas production is still indicated lower by ~0.5%. See report for details. Realize some folks don’t like the EIA data but the new drilling productivity report just got released today. LINK…

***Excel Data Available Upon Request. Full Company Level Details (~200 Corporates) Within*** We are now including a few high level observations and set-ups in the body as well. Shares on Loan (‘SOL’) are simply shares…