Our Research

Within we provide a detailed summary of key takeaways from DOW/ EMN/ LYB and PSX as we believe these chemical giants are extremely important barometers for the direction of the overall economy. They are also…

…Natural Gas the commodity (Natural Gas: 2025 Lows (Reluctantly) Push Us into the Bull Camp), not Natural Gas equities. The latter call has been quite accretive. We do not have a position in RRC, but…

MTDR is the first ‘oily-ish’ E&P to report under our coverage universe. We don’t have a horse in the race w/ MTDR (no position in survey portfolio), but thought some of the industry implications from…

With natural gas hovering around 2025 lows, we have put on a small long position with an average mark at ~$2.98 (NG1; May). The contract expires on April 28th so we will be looking to…

…for DVN to put out a press release with actions they should have been doing all along?!’ Was one of the investor responses we received. Others must have liked what they read, as DVN was…

Really two key takes: 1) It’s good to have a large portion of your business anchored in a ‘demand-pull’ model (KMI) vs. ‘supply-push’ (LBRT/ HAL); and 2) we love our non-traditional business model at The…

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…

In addition to our latest note (Discussions post ‘Liberation Day’ are all over the place) we are sharing with you some of the client questions/ discussions that popped up in our NYC trip this week….

It’s been a while since we published our latest thoughts on our favorite commodity – domestic Natural gas – thx to some Liberation Day equity market volatility. But back to the drawing board we go……

The chatter post ‘Liberation Day’ (April 2nd) has been active – but tellingly subdued. Despite the buzz (if that is the correct nomenclature), phones *aren’t* ringing off the hook. That’s a signal we’ve seen before:…

Please see the detailed note within for which stocks survey takers (Read On) have gotten right, and which ones have been duds. Recall On November 14th we went live with the ‘Survey Portfolio.’ This is a…

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…

We will have a more detailed summary on our recent client discussions out over the weekend (since ‘Liberation Day’), but thought it would be interesting to take a look at current implied probabilities for Fed…

…screen as more ‘disliked’ equities as of 4-10-2025 compared to our last publication in mid-March per our real-time active shares on loan (short interest) utilization analysis… Interested in your thoughts! Inside, we provide real-time data…

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 March 2025. ***Happy to chat on specific stock takes…