Our Research

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…

Truth be told, we do not get a ton of client questions on the OFS sector these days, as most see better value elsewhere. I do have a soft spot for the sector given my…

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…

Barring any last-minute surprises, we expect this deal to price on Monday, January 23rd – and as of now, we haven’t heard otherwise. What we also haven’t heard? Any definitive updates on potential adjustments to…

SLB kicks off another round of quarterly Energy earnings reports tomorrow. We figured this would be a good time to catch-up on some recent talking points. The Venture Global (VG) IPO remains (by far) the…

Ok fine! I will share with clients within (see link below or check out our website). If you are not a client yet (??) and want to guess, send me your estimate (and any thoughts…

We are adding this to spice up our weekly real time short interest analysis a bit. We believe investors are not fully utilizing this sentiment gauge, all else equal. So now we will be sharing…

We have published numerous reports on this, but in the interest of time let’s distill this down to the lowest common denominator: The current preliminary pricing range of ~$40 – $46p/s is not attractive to…

We are attaching our most up-to-date VG IPO prep deck (in convenient powerpoint/ pdf format). Clients can access this directly via the link below. Within we show: Our updated per share valuation and how that…

…let me answer the last question (3) first: It keeps me actively engaged with shorter-term market dynamics and overall has been quite additive to my understanding of natural gas markets (from more of a trading/…

We have made several changes to our initial (preliminary) VG NAV analysis from last night after listening to the company’s road show presentation (available online). Within, we provide a sensitivity analysis to various marketing spreads,…

We have made several changes to our initial (preliminary) VG NAV analysis from last night after listening to the company’s road show presentation (available online). Within, we provide a sensitivity analysis to various marketing spreads,…

We just finished our preliminary Venture Global NAV analysis. Excited to get this out… While the operating model itself is not entirely finished, we have put together a detailed asset level summary to derive preliminary…

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…

Please see 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 collection of 33…