Our Research

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…

PLUG went from ‘Worst’ to ‘First’ (relative versus our last note) on the heels of first hydrogen production at its Georgia plant, catching shorts on the wrong side of the trade (though PLUG is still…

…as ‘Short’ side pares some of last week’s outsized gains. Overall, the model portfolio is up ~7.2% since inception on January 10th. The ‘Long’ return stands at ~2.1% and the ‘Short’ return is ~5.1%. Recall…

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…

…Though today’s joint merger call made sure to convey this is strictly a SUN acquisition. Also, does one ‘bag’ a whale or ‘catch’ a whale? Bag the elephant, catch the whale? Whatever… here you go:…

Please let us know if you would like to discuss some of the relative set-ups into earnings! Overall notable w/w changes (Active ‘SOL’) utilization: Higher (Bearish – with the caveat shorted shares will need to be covered,…

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…

…with an almost 8% weighted return versus a ~1.6% weighted loss on the Long side. To all the Buy-Siders always complaining there are not enough ‘short’ recommendations, we have plenty within. Recall the core model…

…at least according to your responses to our proprietary 2024 Energy Outlook Survey! This will be the final installment of the survey results. Within we discuss: 1) Favorite and Least Favorite Energy Sub-Sectors; 2) Most…

‘…to those who saw the story less positively was, you’ll sell, I’ll buy, and we see who comes out best in the long run’ – Richard Kinder, Kinder Morgan Q4’13 Earnings Call (January 16th 2014)…

Within we discuss the results of our recent 2024 Energy Outlook Survey (~200 responses) focused on participant commodity price expectations for 2024. We believe this is an important piece in the overall process of defining…

Please let us know if you would like to discuss some of the relative set-ups into earnings! Overall notable w/w changes (Active ‘SOL’) utilization: Higher (Bearish – with the caveat shorted shares will need to be covered,…

I can’t take credit for any of it at this point. These are all of the survey responses. See the website for details. Short portfolio beat out the longs by ~100bps relative. ***Please see within…

GasMasters United, of course, is the name ChatGPT suggested would be appropriate for the newly merged CHK-SWN when I queried a few days ago. It’s so bad, I’m almost starting to like it. But to all the…

As promised, here is Part II of our proprietary 2024 Energy Outlook Survey, focused on the M&A landscape. Recall we published Part I (The composition of our core model portfolio earlier this week: link). We…