Our Research

Most discussed stocks and topics this week (irrespective of Model Portfolio): Natural Gas Macro; Hurricane Milton impacts; Geopolitical Tensions (on crude oil side); Positioning into quarter; KMI; ET; WMB; NFE; EXE; DVN; VTLE; EQT; Model Portfolio…

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 September. ***Happy to chat on specific stock takes and…

Please see within for our 1) updated storage balances; 2) preliminary injection estimate for next week; 3) a few hypothetical scenarios; and 4) our current trading positioning on the gas side. As always, please let…

We will have updated storage balance projections tomorrow post the EIA release at 10:30AM ET. We currently have no open positions, though that may change w/ electronic trading overnight or in the am. A few…

This will be a two part series to make it easier to digest. We using our underlying real-time shares-on-loan utilization estimates as a foundation for the analysis. As we continue to build out this product…

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…

Following SWN’s acquisition by CHK. The combined company is now trading under symbol EXE. We are not replacing the SWN short position at this time pending additional analysis. The weight has moved to cash. SWN…

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…

Guess the survey takers were correct back in Mid-July when they voted that energy sector performance into 2H’24 was simply a de-facto call on 1) oil price; and 2) fund flows: https://theschneidercapitalgroup.com/2024/07/23/sadly-our-proprietary-2h24-outlook-survey-shows-energy-sector-performance-thru-year-end-is-simply-a-de-facto-call-on-1-oil-prices-and-2-fund-flows-capital-allocation-decisions-by-firms-dont-mat/ Our utility sector…

First off, if you live in the affected areas of the Hurricane, our thoughts are with you and we hope you and yours are staying safe. Within, we use real time power outage trackers for…

Shares of BKV priced after the close today at $18. This is 10% below the mid-point of the initial range of $19 – $21 and in-line with our expectation of both 1) a re-price lower;…

Within, we share with you real-time 1) Current Absolute Shares-on-Loan Utilization; and 2) W-W % Changes in Absolute Shares-on-Loan Utilization for ~200 publicly traded corporates across 1) Midstream & Energy Infrastructure; 2) Clean Tech &…

Earlier this week, we shared with our clients our expected valuation range (~$18-ish per share) for shares of BKV, which are set to price today, Wednesday 9-25-2024. This compares to an initial pricing range of…

Full Details and Updated Storage Balances as well as our current positioning within. Interested in your thoughts. Timm At the time of this writing we have a Natural Gas spread trade on: 1) Long Nov-24…

…So Which Clean Tech/ Renewables Sub-Sectors are Most *Overhyped* and *Underhyped?* A little blast from the past from our 2H’24 Outlook Survey: Sadly, Our Proprietary 2H’24 Outlook Survey Shows Energy Sector Performance Thru Year-End is…