Our Research

Most discussed stocks this week (irrespective of Model Portfolio): EQT (N/R); RRC (N/R); TLN (Long); VST (N/R); BP (N/R); SHEL (N/R); ENPH (N/R); TRP (Short); ET (Long) Key Takes: Our long book pared ~134bps and our short…

…according to our proprietary 2H’24 outlook survey. Recall we published our Midstream/ Infrastructure results yesterday (link). Respondents also provided some interesting thoughts around assets sales and potential asset swaps versus just vanilla corporate M&A. Companies…

thx again to everyone who filled out our proprietary 2H’24 outlook survey! Whoever picked ET buying KMI (lol?)… I like the spirit of the mega-deal, but unfortunately this combination would be a train wreck from…

***Charts best viewed on website (link below). Full details within*** Shares on Loan (‘SOL’) are simply shares that lenders (agent + other) have lent to market participants wanting to ‘short’ a particular security. For our analysis,…

See within for initial takes as well as our updated estimates for Thursday’s injection number. Please note at the time of this writing we are 1) Long the OCT-24 NYMEX natural gas contract; and 2)…

Within we share the commodity and industry focused results of our proprietary 2H’24 outlook survey (14 questions total). Once again, thx to the ~150 responses. The make-up of our responders was as follows: 1) ~35%…

Thx for the ~150 responses! In order to keep the information more digestible, we have separated our proprietary 2H’24 Outlook survey into three parts. Part 1 (details within) focuses on most liked and most disliked…

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 do not have a horse in the race with either company via our model portfolio. Our larger Midstream Longs are ET (10%); OKE (9%); and LNG (9%). We have a small TRP short at…

Most important… please continue to fill out our outlook survey if you have not done so:  TSCG 2024 2H Energy Outlook Survey ***Charts best viewed on website (link below). Full details within*** We believe the…

Effective immediately, we are adding Talen Energy (TLN) as a Long to our model portfolio with a 7% weight. We are reducing our 17% Long weight on ET to 10%. ET remains one of our…

There is still time to fill out our 2024 2H Outlook Survey: SURVEY LINK (PLEASE FILL OUT) Kinder Morgan kicks off Energy Earnings Season on Wednesday July 18th. Putting together a few one-liners (everyone likes…

…by DVN (Long; 6% weight in model portfolio). *But* we can run this for any potential acquirer as we have put together a full CLR operating model. Let us know if you would like us…

***Most important*** If you have not filled our our 2H’24 Outlook Energy & Utility Outlook survey, please do so. Link to survey: https://www.surveymonkey.com/r/TL6V8BL Most discussed stocks this week (irrespective of Model Portfolio): Refiners; KMI (N/R); WMB…

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…