Obliterating Peak Oil Demand: A Progress Update
In this week’s post we assess near-term “peak oil demand” signposts, none of which support the idea that a peak is imminent by or around 2030.
CROCI Deep Dive Discussion
We follow up on last week’s deep post on cash return on gross capital invested (CROCI), which we view as a complementary profitability metric to return on capital employed (ROCE).
Diving Deeper Into CROCI, A Cash Returns Complement To ROCE
This week we dive deeper into cash return on gross capital invested (CROCI), a “cash-on-cash” corporate profitability metric that we see as an excellent complement to our long-standing use of return on capital employed (ROCE).
Spring Check-In On Growth And Returns
This week we check-in on what in essence are the ultimate drivers of any sector: growth and returns. In our view, traditional energy valuations reflect skepticism on the sustainability of both metrics.
The Energy Transition Narratives
We spent this past week in Houston attending CERAWeek 2024. It was another great event; thank you and congratulations to everyone at S&P Global for hosting and putting on a great show!
Will AI Be Our Salvation Toward A Healthier Energy Evolution?
For the first time since Super-Spiked’s creation in November 2021, we see “green shoots” that the world may be ready to evolve to a healthier energy evolution from what has been a “messy energy transition era”—our inspiration for starting Super-Spiked.
Pragmatizing The Energy Narrative
We focus on some of the big macro themes that have emerged from earnings season across the broader stock market, with a focus on electric vehicle (EV) adoption S-curves, artificial intelligence (AI), ongoing US energy sector M&A, and the role of Canadian energy companies looking forward
Geopolitical and Environmental Implications of US Oil & Gas M&A
his week we take a look at geopolitical and environmental implications of the wave of M&A (merger and acquisition) activity in the US oil and gas sector.
Should I Stay Or Should I Go? E&P M&A Takeaways
We follow up on our look at recent Super Major M&A activity with thoughts on what has been a steady flow of transactions in the E&P space, highlighted most recently by transformational mergers between Diamondback Energy and privately-owned Endeavor as well as Chesapeake Energy with Southwestern Energy.
Goodbye Europe, Hello Rest of World
We return to our sub-theme of “Goodbye Europe, Hello Rest of World” sparked by Barclay’s updated Climate Change Statement, evidence of structural de-industrialization in Germany, and our recent analysis on Norway’s resilient overall oil demand despite gasoline erosion due to its electric vehicle (EV) ramp.