Our Research

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, in order to access the…

scha*den*freu*de. Noun. German. Pleasure derived from another’s misfortune. …Model Portfolio up ~12% in Q3 as UW NEE (+30%) & UW PLUG (+37%) add outsized gains. Refining UW was biggest loser in Q3. Refiners overall were…

…As promised on Wednesday (If Pushback to UW Plains (PAA/GP) is ‘They Are a Takeout’… Who Could (Would) Buy Them?!). So far: Realizing this was a lot more fun (for me) when I had an…

We published a trade idea on Friday: OW OKE vs. UW PAA/GP (link) Today we published feedback to the trade idea: The ‘Bakken Sucks’ and ‘Plains is a Takeout Candidate…’ Ok great! So you think…

…has been one piece of pushback that has been lobbed at us on the heels of our OW OKE vs. UW PAA/PAGP call (link). Truth be told, this isn’t a new thesis and has simply…

***Excel Data Available Upon Request. Full Company Level Details (~200 Corporates) Within*** Shares on Loan (‘SOL’) are simply shares that lenders (agent + other) have lent to market participants wanting to ‘short’ a particular security. For…

On Friday September 22nd, we moved OKE to an OW (Moving OKE to OW. Is Permian Oil the Fitting UW?). We spent the weekend contemplating various underweight ‘match-ups,’ following our initial comments from Friday. Quick…

…I personally think it’s not great. Interested in your take. Random question – I know – but I keep thinking about it. I kind of like the ‘question of the week’ adder… hopefully will get…

Happy Saturday – This week, we closed four tactical trade ideas on the heels of the OKE/ MMP deal vote approval (Effective Immediately We Are Closing Four Tactical Trade Ideas and *ALL* U/W OKE Positions)….

So… we actually didn’t realize (until now) that OKE puts the pronunciation of their company name in the press releases (‘ONE-OAK’), BUT figured in that case we will add it as well. Just to make…

***Happy to run this for E&P/ Renewables/ OFS/ Integrateds + Refiners/ Utes… Let me know*** Tough day in the market with the QQQ (NASDAQ 100) & SPX (S&P 500) down ~2% and ~1.65%, respectively. S&P…

Following the approval of the OKE/ MMP combination earlier today, we are closing out four tactical trade ideas into today’s vote. Please see within for full details. For MMP, ~76% of the voted units were…

The OKE/MMP vote is on deck for Thursday, September 21st. We expect results to be released at 10AM CST/ 11AM EST on Thursday. Per the partnership agreement, MMP can adjourn the meeting for an additional…

Realize some folks don’t like the EIA data but the new drilling productivity report just got released today. Here is the link: EIA Drilling Report Released 9-18-2023 A few key observations: Versus the August release,…

***Excel Data Available Upon Request. Full Company Level Details (~200 Corporates) Within*** Shares on Loan (‘SOL’) are simply shares that lenders (agent + other) have lent to market participants wanting to ‘short’ a particular security. For…