Our Research

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…

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… no exposure to natural gas…

First of, our thoughts go out to all of those impacted by this tragedy. We have not received a lot of media coverage of the incident up here in the Northeast, so we have had…

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…

OKE reported earnings and rolled out 2024 guidance post close last night. EBITDA guide of ~$6.1bn was in-line with consensus. Total capex came in higher than expected (~8%), with an upside bias if additional projects get…

As a follow up to our initial email from earlier (link) highlighting some language from CVX’s S-4 filing, we are further highlighting some initial feedback we have received on the situation. Please keep ideas coming! Here…

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…

Other than losing copious amounts of money trading levered gas futures on leverage, I spend most of my time thinking about Energy markets, and when it gets warm(er) out, some golf. BUT since I live…

Shares of GEL are up ~5.5% at the time of this writing, outperforming the AMLP index by ~525bps. Is it because of our comment? No idea (Nor do we care). But we figured it warranted…

I am over the nat gas trading fiasco from yesterday. Win some, Lose some. I got ‘Boiled’ out today so it’s a net wash. I think I need a less volatile commodity to day trade. Can…

…Going short natural gas after closing my long way too early post close last night. All on leverage. And on a 2x underlying (either inverse or direct) ETF. I closed the position at a loss…

…on massive CHK production cut. Read On. ***We closed our levered long speculative gas position (we don’t own the physical commodity, we play this via the levered 2x ETF BOIL on the ‘long’ side and…

Units of WES are up ~6.5% on the news at the time of this writing… and actually currently halted (at the risk of this note coming out post some sort of news release). Reuters article:…

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…