Our Research

And we only ask on the heels of this Barron’s article that came out earlier this afternoon: Magellan’s Deal With Oneok Could Derail. Should Berkshire Step In? (Barron’s June 26th, 2023). Lead us lead with our…

***Please let us know if you have questions on the data. We show 1) w/w changes (%) in active utilization; 2) w/w changes in ‘borrow;’ and 3) Absolute current shares on loan utilization (%)*** For…

Thx for the over 110 responses! Participant breakdown was as follows: 1) Corporate/ Portfolio Company (~31%); 2) Private Equity/ Infrastructure Fund (~22%); 3) Buy Side (~21%; LO + HF); 4) Capital Markets (~16%); 5) Other…

… Not surprisingly: OKE-MMP Preliminary Survey Results Reveal Interesting Hypothetical Outcomes We will try to have the full 2H’23 Outlook survey results out over the weekend/ early next week. On OKE- MMP, we can’t help…

Great call earlier today! Slides available upon request. Please find the replay here: link For your convenience, we have also time stamped the replay below. 00:21 – Timm Schneider Intro 01:25 – Doug Getten –…

If you have not filled out our 2H’23 outlook survey, please do so here: link We asked a question around the recently announced merger proposal between Oneok (NYSE: OKE) and Magellan (NYSE: MMP). Read On. So far, we…

First of, please keep filling out the 2H’23 Outlook survey if you have not done so already (100% anonymous/ works on mobile/ 2 min… and so on): Link Within we provide 1) a visual summary…

LINK TO SURVEY: ***2H’23 All Energy/ Utes Outlook Survey*** It’s back! Our outlook surveys were some of the highest read publications at our previous employer, so we figured why not bring them back with the…

***Please let us know if you have questions on the data. We show 1) w/w changes (%) in active utilization; 2) w/w changes in ‘borrow;’ and 3) Absolute current shares on loan utilization (%)*** For…

We hosted an extremely comprehensive and informative webinar last week on the global LPG & Ammonia Trade markets, featuring expert speaker Michael Panas from NGLS. ***Please reach out if you’d like to see the slide…

This will be an interesting one to watch… Linking our previous summary and preliminary thoughts (*this has been one of our most read notes to date btw): Rice Rice Baby – The SPAC is Back….

…versus early May, or the end of Q1 earnings. Some exceptions apply. See within for full detail. For Midstream & Energy Infrastructure, ~70% of companies in our universe saw ‘SOL’ utilization decrease. For Renewables &…

NVDA stock’s meteoric rise this week made me ponder what would (could?) have been if I didn’t make the choice (almost twenty years ago) to sign on with Halliburton, pack my bags, move to the…

…Will be one of the key topics we will be discussing at our next ‘Legends of Energy’ Dinner featuring Doug Terreson. Most of you know Doug from his extensive time on the Sell-Side as the…

Post our EIC conference ‘quick takes:’ Takes From Florida in 30 Seconds… ***The number one question for we keep going over after looking at all this stuff (AGAIN; any lawyers on the list pls let us know…