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.
The EV S-Curve Rorschach Test
We start this week with a look at some recent electric vehicle (EV) headlines: Yes, with EVs, you can find a narrative that fits your world view. Are you in the “urgent climate crisis,” “Just Stop Oil” camp and believe we need to ban new sales of internal combustion (ICE) vehicles by an upcoming round […]
Pause: LNG Permits, Saudi Capacity, TSLA
We had intended to follow-up last weeks’ ROCE Deep Dive post with examples of how to apply it to macro forecasting as well as sub-sector and company analysis.
Profits Over Prices: A Returns-Based Normalized Framework For Evaluating Traditional Energy
Be wary of deep cyclicals, like traditional energy, when over-earning is a classic caution rightfully exhibited by investors, or at least those not in the momentum trading camp.
Growth, Returns, and Sub-Sector Themes
In this video we bring those together with an expanded discussion on a number of sub-sectors including the international oil companies (IOCs) & Canadian “Big-4” oils, US “Big-3” downstream, midstream (includes pipelines and MLPs), and gassy E&Ps.