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SailingStone Year End 2023 Commentary
In their Year End 2023 Commentary, the SailingStone team explores the future of decarbonization and identifies investment opportunities within.
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March 12, 2024
May 2023 – Commentary from Dan Pickering
May 2023 was another ugly month for the energy sector on an absolute and relative basis. We recently talked about liking oil markets more than the stock market. This is still true, but the stock market is working and oil markets are not…
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June 16, 2023
April 2023 – Commentary from Dan Pickering
In the face of uncertainty, we fall back to our long-held belief that oil supply is restrained and any demand problems will be moderate, not severe.
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May 10, 2023
March 2023 – Commentary from Dan Pickering
Underneath the collapse of Silicon Valley bank and the resulting fears of a financial/banking crises, March’s stock market remained about the tug-of-war between the economy and interest rates...
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April 12, 2023
February 2023 – Commentary from Dan Pickering
Two years into Value over Volume, most US upstream players have adopted similar mantras which de-emphasize production growth and have a strong commitment to returning capital to shareholders…
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March 13, 2023
2022-2023 PEP Macro Outlook from Dan Pickering
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February 28, 2023
Dan Pickering Discusses Oil Companies Slowing Pivot to Renewables on NPR
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February 21, 2023
January 2023 – Commentary from Dan Pickering
Now that’s how you start a year. January saw the stock market explode out of the gates with the S&P500 rallying +6.3% and the Nasdaq Composite jumping +10.7%...
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February 9, 2023
Dan Pickering Talks Stock Opportunities
Dan Pickering shares his outlook for energy stocks – alongside Energy Aspects’ Amrita Sen – on CNBC’s The Exchange.
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January 19, 2023
December 2022 – Commentary from Dan Pickering
Going forward, our quarter-end commentaries will include an additional "Decarbonization / Energy Transition" commentary from Dan in addition to his "Traditional Energy" commentary. We hope you enjoy our first iteration including both topics.
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January 18, 2023
Dan Pickering Discusses Energy Stocks on CNBC
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January 9, 2023
Dan Pickering Talks 2023 Energy Markets
With the start of a new year, Dan Pickering joins CNBC’s Squawk Box Asia to share his energy market outlook and price predictions for 2023.
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January 6, 2023
Dan Pickering Discusses Oil Supply and Demand on CNBC
Dan Pickering joins Brian Sullivan on CNBC’s The Exchange to discuss the implications of the recent rise in oil prices. Despite increased concerns around impacts from the energy transition, economy and policy outcomes, Dan anticipates oil demand imp
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December 29, 2022
November 2022 – Commentary from Dan Pickering
November was a generally sidewise month for energy while the S&P500 enjoyed a bear market rally...
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November 28, 2022
October 2022 – Commentary from Dan Pickering
Payback. October was a strong recovery month for risk assets, with energy extending its YTD outperformance. The energy environment remains s
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November 9, 2022
Dan Pickering Talks Oil Majors’ Earnings on CNBC
Dan Pickering joins CNBC’s Squawk Box Asia to discuss recent earnings announcements and what it means for the energy investment landscape.
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October 31, 2022
September 2022 – Commentary from Dan Pickering
The world is as complicated and nuanced as we have seen in our career. On the macro front, we have global inflation, sticky US employment and a strong dollar, central banks raising rates around the world, the remnants of the pandemic in China, a Eur
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October 14, 2022
Dan Pickering Weighs in on OPEC+ Production Cuts
Following the OPEC+ decision to cut oil production by 2 million barrels per day, Dan joins CNBC to discuss when and how this might affect the global energy market and U.S. consumers.
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October 6, 2022
Dan Pickering Shares Energy Sector Outlook on CNBC
With OPEC+ scheduled to meet on Wednesday and consider a potential production cut, Dan Pickering discusses his predictions for energy inflation on CNBC’s Street Signs Asia.
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October 3, 2022
Dan Pickering Talks Energy Trends on CNBC
Amidst fears of a recession, Dan Pickering joins CNBC’s The Exchange to discuss what he has on his radar in the energy space – such as oil demand and prices, inventory data, and expectations for Europe.
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September 19, 2022
Pickering Energy Partners Announces Energy Transition Advisory Board
Energy Transition Leaders to Provide Strategic Guidance, Insight and Ambassadorship
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September 13, 2022
August 2022 – Commentary from Dan Pickering
August was anything but a boring summer month. The macro dance continued as the main driver of oil markets. US Federal Reserve Chairman Powell’s speech put a damper on sentiment and heightened fears of recession
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September 8, 2022
Dan Pickering Weighs in on the European Energy Crisis
Dan Pickering joins CNBC’s The Exchange – along with Rapidan Energy Group’s Bob McNally – to share his take on Russian sanctions on European energy supplies and what it means for the global energy landscape.
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September 7, 2022
Dan Pickering Discusses Oil Markets on CNBC
In light of OPEC+’s recent decision to implement a small production cut, Dan Pickering joins CNBC’s Street Signs Asia to share his thoughts on oil price caps, supply and demand trends, and his predictions on Russia.
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September 6, 2022
Dan Pickering Talks Clean Energy on CNBC
Reflecting on the recent passage of the Inflation Reduction Act, Dan Pickering joins CNBC’s Worldwide Exchange to discuss what the legislation will mean for the clean energy landscape and for renewable energy investors.
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August 15, 2022
Dan Pickering Discusses Global Oil Market on CNBC
In light of OPEC+ agreeing to a small increase to its oil output, Dan Pickering joins CNBC Asia to share his thoughts. He predicts that this will be a drop in the bucket in the global market and that we’ll be focused instead on the economy in recessi
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August 5, 2022
July 2022 – Commentary from Dan Pickering
Better. July saw a bounce in risk assets with the S&P500 jumping +9.1% and energy generally outperforming. There were no particular fundamental epiphanies in the crude oil markets during July. The commodity traded in line with other risk assets, gene
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August 3, 2022
Dan Pickering Talks Biden’s Proposal to Suspend the Federal Gas Tax
In light of President Biden’s proposal to suspend the federal gas tax for 90 days, Dan Pickering joins CNBC’s Power Lunch – alongside ClearView Energy’s Kevin Book – to share his thoughts about global supply and demand and potential impacts on gasoli
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July 23, 2022
Dan Pickering Weighs in on Oil and Natural Gas Prices
Looking at the U.S. compared to Europe, Dan Pickering discusses the current market’s impact on natural gas and oil prices. He predicts that gas likely has more favorable 15-year trends, but that both oil and gas stocks make sense in the near term. Wa
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July 20, 2022
Pickering Energy Partners Announces Strategic Partnership to Acquire and Develop Permian Oil and Gas Assets
Over the next two years, PEP Development will focus on deploying at least $300 million of equity capital alongside highly experienced public and private operating companies in the Permian Basin.
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July 14, 2022
Dan Pickering Joins CNBC to Discuss Gas Prices and Energy Stocks
In his latest thoughts on gas prices, Dan Pickering predicts that even if oil prices continue to go up, it’s unlikely that we’ll see gasoline prices push upward at the same pace. Watch the full CNBC interview for his take on China’s impact on the oil
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July 9, 2022
June 2022 – Commentary from Dan Pickering
Well, that deteriorated quickly. June was a terrible month for energy stocks. While the S&P 500 was dismal at -8.4%, energy was worse with Diversified Energy dropping -17.4% (S&P 1500 Energy, S15ENRS). When parsing through the events of June, it is l
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July 8, 2022
May 2022 – Commentary from Dan Pickering
If it ain’t broke, don’t fix it. May 2022 was another excellent month for energy. The S&P 500 was dead flat for the month (+0.0%), while Diversified Energy added +14.8% (S&P 1500 Energy, S15ENRS).
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July 8, 2022
Dan Pickering Talks Russia’s Declining Relevance to OPEC
As Europe and the rest of the world sanction Russia, Dan Pickering predicts that we’ll see countries like Saudi Arabia and the UAE start to step up. Watch for his take on demand destruction and the Biden Administration’s trip to Saudi Arabia on CNBC.
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June 6, 2022
Dan Pickering Discusses High Gas Prices on CNBC
As the energy industry continues to see high demand and tight supply markets, at what point do we reach demand destruction? Dan Pickering shares his thoughts about natural gas prices with Kelly Evans on CNBC’s The Exchange.
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May 26, 2022
April 2022 – Commentary from Dan Pickering
April 2022 saw energy as the best house in a bad neighborhood. The story in April was the awful financial markets, the worst equity performance in years or decades depending on which index you assess.
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May 18, 2022
Dan Pickering Talks Energy Security and Pricing Volatility on CNBC
The Biden Administration must balance energy security amid the war in Ukraine while lowering gas prices before midterm elections. How will their decisions impact the market this year and beyond? Watch Dan Pickering on CNBC to get his take.
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April 21, 2022
Dan Pickering Predicts Impact of Biden's SPR Release
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April 7, 2022
March 2022 – Commentary from Dan Pickering
Newton’s First Law of Motion says an object in motion tends to stay in motion, unless acted on by a force. There were many forces in the energy markets during March 2022, but energy stocks clearly stayed in motion.
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April 6, 2022
Dan Pickering Joins CNBC to Discuss Record-Breaking Release of Oil Reserves
The United States is looking to draw a record amount of oil from emergency reserves. How will this affect demand – and how are investors responding? Dan Pickering discusses his predictions on CNBC’s The Exchange with Kelly Evans.
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April 1, 2022
Dan Pickering Explores Oil Supply Disruption on CNBC
On CNBC’s Market Rally, Dan Pickering discusses what he calls “normal volatility in a very abnormal time.” Watch for his take on the need for more trustworthy oil sources in the next three to five years.
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March 10, 2022
Dan Pickering Sets Expectations for Solutions to Oil Price Increases
Facing energy insecurity and high oil prices, the U.S. weighs solutions while geopolitical tensions rise. Dan Pickering joins Sonali Basak on Bloomberg to discuss what it’ll take for the U.S. to offset global dependence on Russia’s oil supply.
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March 8, 2022
February 2022 - Commentary From Dan Pickering
February was a good month for energy stocks, but most importantly, it will wind up being viewed as strategically significant for energy markets and energy investors.
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March 3, 2022
Russian/Ukrainian Conflict and the Market Impact | Commentary from Dan Pickering
How will the Russian/Ukrainian conflict affect the energy market?
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February 25, 2022
Dan Pickering Talks Oil Prices Amid Russia-Ukraine Tension
Dan Pickering joins Kelly Evans on CNBC’s The Exchange to discuss what the turmoil in Russia and the Ukraine mean for oil prices in the near- and long-term – and what the situation teaches us about the fragility of the hydrocarbon ecosystem.
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February 22, 2022
January 2022 - Monthly Commentary from Dan Pickering
Thinking about stocks, the chickens came home to roost in January. Rising interest rates and tightening commentary from the Federal Reserve sparked a meaningful downdraft by the major stock indices.
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February 10, 2022
Dan Pickering Advises Oil Stocks to Watch on CNBC's The Exchange
Oil stocks are up more than 15 percent. Dan Pickering covers the best stocks to keep an eye on right now – and why he predicts demand will improve – with Kelly Evans on CNBC’s The Exchange.
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January 21, 2022
December 2021 - Monthly Commentary from Dan Pickering
December was an OK finish to a very good year.
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January 5, 2022
Merge Completes Series A Funding, Continuing Pickering Energy Partners’ Leadership in Energy Transition
Series A financing to accelerate market growth for PEP-backed fleet electrification solutions firm.
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December 9, 2021
November 2021 - Monthly Commentary from Dan Pickering
November was generally a bust across the market, but energy was worse.
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December 7, 2021
October 2021 - Monthly Commentary from Dan Pickering
Decent back-to-back months. October was another good period for energy.
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November 2, 2021
September 2021 - Monthly Commentary from Dan Pickering
A September to remember. Energy had a strong month while overall markets were lackluster/weak.
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October 13, 2021
MERGE Electric Fleet Solutions announces a new pilot program in the Permian Basin area
MERGE is launching pilot programs in the Permian - offering two Ford Lightnings for 31 days and a fleet assessment to oilpatch customers.
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October 6, 2021
2021-2022 PEP Macro Outlook from Dan Pickering
2021-2022 Summary
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September 8, 2021
August 2021 - Monthly Commentary from Dan Pickering
August was a flattish month overall for energy, but there was plenty of activity beneath the surface.
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September 1, 2021
July 2021 - Monthly Commentary from Dan Pickering
July was a soggy month for energy.
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August 1, 2021
June 2021 - Monthly Commentary from Dan Pickering
June was another solid month for the stock market, the oil market, the gas market and energy stocks.
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July 1, 2021
May 2021 - Monthly Commentary from Dan Pickering
Evidently the oilpatch loves “May flowers” as all energy indices meaningfully outpaced the S&P500 during the month.
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June 1, 2021
April 2021 - Monthly Commentary from Dan Pickering
Energy was flat/mixed during April.
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May 1, 2021
March 2021 - Monthly Commentary from Dan Pickering
After a very strong February, energy mostly scratched out additional gains in March.
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April 1, 2021
January 2021 - Monthly Commentary from Dan Pickering
After years in the doghouse, energy has been leading the stock market for the past few months.
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February 1, 2021
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