Lloyd Byrne

Welcome to episode five of Barrels to Bytes.

I'm Ben Dell with Lloyd Byrne and John Oldway.

Five episodes into these podcasts about the role of energy in the world, and the volatility in the sector only grows.

In oil, the war with Iran is in its eighth month.

McDonald's has one shot to turn around its dreadful year tomorrow morning.

They're hosting an analyst meeting.

I love analyst meetings.

I love investor updates.

I'm not a fan of McDonald's food, but I went on record last week and said, I think the stock has to be bought for me.

It powers trucks, construction equipment, farm machinery, and it's also used for heating in parts of the country.

Unlike gasoline, diesel demand can actually increase during the colder months, while farmers also use significant amounts during harvesting season.

So Jeffrey's analyst Lloyd Byrne downgraded Valero and Marathon Petroleum to buy from Hold, saying, this run-up that we've had, it's time to let it go.