Our Research

Within, we provide our thoughts on The Texas Railroad Commission (RRC) most recent monthly ‘Summary of Drilling Permits, Completions and Plugging Reports Processed’ for the month of April 2025. This report is especially telling as it…

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…

Within we take a closer look at Friday’s (May 2nd) option positioning data for Natural Gas focused on: Overall market sentiment; Volume and open interest trends; Price levels and changes; Top changes in positioning; and…

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…

…was the most frequent question we received this week. This comes on the heels of another tough week for crude, and a bullish one for nat gas (we started shorting the front month too soon…

details within. Have a nice weekend. In Austin & Houston next week still have slots for Houston if you want to catch up! Wed – Friday. Timm Here you go… source: LinkedIn; The Schneider Capital…

…and I say that only halfway joking. Unfortunately, I believe my time has passed for the switch (eye roll – just kidding, love energy, power and utilities). But that doesn’t stop us from commenting on…

Sometimes it is helpful to listen to earnings calls outside of the traditional energy value chain. We never used to do this in our former ‘traditional’ sell-side seat as we had to deal with too…

EXE reported results post the close today. EXE is one of the largest positions in the Long book of the Survey Portfolio – and the second best weighted performer (since inception in early Nov 2024),…

…if we asked questions on earnings calls (which we don’t, as we prefer more personalized catch-ups with management teams). OKE reported Q1 2025 earnings post close today. Shares are off ~400bps afterhours at the time…

Initial feedback within. Live Q&A at 8AM ET. We maintain the short position in the survey portfolio despite increasing voices the company should sell itself. We do not disagree and have written about this extensively…

Earlier today, Alliance Resource Partners (a Tulsa based coal MLP), hosted their Q1’25 conference call. We do not have a position in ARLP in the Survey Portfolio, but have owned this in the past in…

Earlier today, Alliance Resource Partners (a Tulsa based coal MLP), hosted their Q1’25 conference call. We do not have a position in ARLP in the Survey Portfolio, but have owned this in the past in…

…since ‘Liberation Day’ on April 2nd? On February 15th, 2025, we published our highest conviction M&A ideas for 2025 across the Energy space. These combinations were the result of our proprietary 2025 M&A outlook survey….

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…