Our Research

Within we provide some brief investor feedback and add some context to our write-up from yesterday: WATCH: David Einhorn Loves Belgian Soda Ash. What if I Told You here is a U.S. Way to Play it!…

Please let us know if you would like to discuss some of the relative set-ups. At the time of writing, the author holds: 1) a long position in the KOLD ETF (Short Nat Gas 2x levered);…

Our quick note comes on the heels of David Einhorn’s (Greenlight Capital) presentation at the New York Sohn conference earlier today. His top pick is Solvay (SOLB:BB), a Belgian specialty chemicals company. We know Solvay well…

Just Kidding – of course! April Fools’ Day! Interpret the data as you wish… Due to the chart sizing this is best viewed on the website. But with the end of Q1 as a marker,…

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…

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 believe the market was never really worried about SB24-159, which would have banned new oil and gas drilling in the State of Colorado. Afterall, Colorado has a balanced-budget requirement. We estimate the oil &…

***See Within for Full Portfolio Details*** Overall, the model portfolio is up ~11.5% since inception (up 0.5% on the week) on January 10th. The ‘Long’ return stands at 15.1% (+2.9% w/w) and the ‘Short’ return is…

…BUT we do not believe the proposed bill has a realistic shot at passing. Colorado needs to balance its budget, afterall. Why are we mentioning it? For those so inclined to follow various legislative processes,…

Please let us know if you would like to discuss some of the relative set-ups. Also for this publication we comp vs. 3-12-2024 as we were out of office last week at CERA. **Excel Data…

***Unrelated but certainly relevant: Video link to detailed storage market overview (including time stamps) w/ David Marchese – CEO of Caliche within. Deck available upon request*** One key theme out of CERA week is 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…

We have some great takeaways from CERA. Especially around the ‘hallway chatter.’ Specifically around some of the broader M&A themes and some of the nuances around ongoing transactions. Headed up to NYC shortly so don’t…

At the time of writing, the author currently holds no personal security or commodity positions. Had an order in Friday to go long gas (May) after the rig count numbers but it was not filled…

…for a 15.4% total loss since inception on January 10th. KNTK is our second biggest loser in the model portfolio. Only our HP short has been a worse call (down ~19.3% since inception). We are…