Our Research

…An Interactive Discussion w/ Danny Rice (CEO) and Akash Patel (CFO) of NetPower (NYSE: NPWR) Details:  Tuesday, July 11th | 11AM ET Format: Virtual Registration: Click this link to submit interest NPWR started trading on the NYSE on…

We published our initial thoughts on XOM’s Q2’23 earnings considerations update yesterday: XOM 8-K Implies Nat Gas & Refining Margin Headwinds for Q2; +ve Chemicals. Based on some ongoing dialogues we believe: Buy-Side was ahead…

Link to document: XOM 8-K July 5th Q2’23 Earnings Details: Release at 6:30AM ET on Friday, July 28th 2023 on www.exxonmobil.com XOM 8-K out discussing some Q2’23 earnings considerations – all else equal. The biggest…

***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…

With Q2 officially drawing to an end yesterday, we took a quick look at Energy & Utility sector returns required to hit previous 52-week share price highs. There is a lot of wood to chop….

In case they get a hole in one! Yes, we liked that one as well… in any case… we are attaching links to a few of our recent most read notes. As always, happy to…

Happy Friday – ***Excel Available Upon Request*** We spent the last few days sifting through the S-4 in more detail and constructing a detailed sensitivity/ cash flow analysis around various moving pieces. We had been…

On Sunday, we published Part 1 of our 2H’23 Outlook survey focused on 1) Sector Positioning; and 2) Key Stock Picks. To quickly recap from a macro perspective, the survey showed respondents like a basket…

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…