Suphanat Khumsap/iStock via Getty Images “The U.S. economy is hard to hold back, even if you try,” says midstream fund manager Jay Hatfield in an interview May 15. The context in which we speak is assessing the fundamentals in oil, gas, and some transition dynamics as it relates to policy, the U.S. economy, and the…
esemelwe Thesis The US natural gas industry has been in growth mode for over a decade. Accommodating this growth requires extensive infrastructure and capital investment. The most discussed infrastructure topics for natural gas are pipelines or export terminals. What does not get discussed, is the compression equipment market that supplies the equipment necessary to send…
Magnolia Oil & Gas Corporation (NYSE:MGY) Q1 2024 Earnings Conference Call May 8, 2024 11:00 AM ET Company Participants Tom Fitter – IRChris Stavros – President and CEOBrian Corales – SVP and CFO Conference Call Participants Neal Dingmann – TruistLeo Mariani – ROTH MKMCharles Meade – Johnson RiceOliver Huang – Tudor Pickering Holton CompanyZach Parham…
Argentina’s energy sector is increasingly turning to Bitcoin, this time with a state-owned facility using stranded natural gas from oil fields that would otherwise be wasted. JUST IN: 🇦🇷 Argentina state-owned company’s subsidiary will mine $BTC with Stranded Gas: Forbes Eventually, every country will be mining #Bitcoin pic.twitter.com/bu6sCXEUJ1 — Bitcoin Magazine (@BitcoinMagazine) May 8, 2024…
batuhan toker The ProShares Ultra Bloomberg Natural Gas ETF (NYSEARCA:BOIL) is a leveraged ETF designed to produce twice the daily return of the Bloomberg Natural Gas Subindex. I’ve written about the ProShares Ultra Bloomberg Natural Gas ETF twice in the past year, rating it a Strong Sell late last July in “BOIL: A Deeply Flawed…
DenGuy/E+ via Getty Images Thesis Shares of Aris Water Solutions, Inc. (NYSE:ARIS) nearly doubled in the past three months. They grew from $7.74 on January 19 to $15.15 on April 9. However, we need to take those numbers in context, because the shares had been at more than $20 in the summer of 2022, and…
PhotoTalk Thesis In my original coverage of Marathon Petroleum (NYSE:MPC), I highlighted the company’s diverse revenue streams, strong cash balances, and undervaluation given the sum of its individual parts. Following my original buy recommendation, the company is up over 100%. Now, after more than doubling in share price, the obvious reaction is to wonder if…
PM Images ONE Gas, Inc. (NYSE:OGS) recently promised dividend growth for the next four years, and envisions significant regional growth driven by growing population in the I-35 corridor in the United States. Given recent efforts for clean energy solutions, and recently announced capital expenditures, I believe that the company will most likely be under the…
bjdlzx Dear readers/followers, In the past few months, about half a year, I’ve been pushing money to work in a new undervalued sector of the market – that sector being the utilities sector, specifically US utilities that show undervaluation. European utilities, such as Enel (OTCPK:ENLAY) have shown significant undervaluation for quite some time – but…
bjdlzx I initially started coverage of Range Resources (NYSE:RRC) back in February of 2023 with a “Hold” rating, saying that low natural gas prices were likely to hamper the company the rest of the year. Gas prices have been pretty weak, but RRC’s stock has managed to gain over 40% since my write-up. Let’s catch…
Saturn Oil & Gas Inc. (OTCQX:OILSF) Q4 2023 Earnings Conference Call March 13, 2024 12:00 PM ET Company Participants Kevin Smith – Vice President, Corporate Development John Jeffrey – Chief Executive Officer Justin Kaufmann – Chief Development Officer Scott Sanborn – Chief Financial Officer Kevin Smith Hello and thank you for joining Saturn Oil’s Fourth…
bjdlzx No longer bearish, but not bullish either After being sold relentlessly throughout almost the entirety of the US winter months, natural gas prices look to have finally found a bottom. The front-month futures contract briefly bottomed out around the $1.4-$1.5 MMBtu mark in late February, and has since rallied to around $1.9 MMBtu. US…
Jeremy Poland Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) is a passively managed exchange-traded fund. The fund tracks the Dynamic Energy Exploration & Production Intellidex Index. The fund provides exposure to oil and natural gas companies that explore, extract, and refine these resources, creating gasoline, liquid natural gas and other finished products. This fund is…
Richard-P-Long/iStock via Getty Images The United States Natural Gas Fund (NYSEARCA:UNG) is an exchange-traded fund (ETF) that’s designed to track natural gas futures traded on the New York Mercantile Exchange (NYMEX). I’ve written about UNG a few times here on Seeking Alpha, most recently in a May 23, 2023, piece titled “United States Natural Gas…
El Niño has become stronger again, preventing any major, sustained cold weather for key natural gas regions natatravel/iStock via Getty Images There have been some incredible moves in energy and agricultural commodities the last month or so. Most notably based on the weather, cocoa (NIB), and natural gas (NYSEARCA:UNG). These two markets have gone in…
Caroline Purser/The Image Bank via Getty Images The ProShares Ultra Bloomberg Natural Gas (NYSEARCA:BOIL) is an exchange-traded fund (ETF) that’s designed to produce twice the daily performance of the Bloomberg Natural Gas Subindex. In turn, the Bloomberg Natural Gas Subindex tracks the price of natural gas futures traded on the New York Mercantile Exchange (NYMEX)….
Arseniy45/iStock via Getty Images Prairie Operating Co. (NASDAQ: PROP) (Prairie) is engaged in the exploration and production (EandP) of oil, natural gas, and natural gas liquids (NGLs). The company has secured approximately 45,000 acres in Weld County, Colorado, above the Niobrara and Codell formations in the Denver-Julesburg (DJ) Basin, known for its estimated reserves of…
mysticenergy Saturn Oil & Gas (OTCQX:OILSF, TSX:SOIL:CA) is a small capitalization Canadian oil & gas company that has confused investors by growing primarily through acquisition with enough change in the complexion of the company that it has been largely ignored. Last February, Saturn acquired Ridgeback oil & gas for (all funds in Canadian dollars) $516…
Javier Ghersi/Moment via Getty Images Methanex Corporation (NASDAQ:MEOH) delivered EPS better than expected in the last quarter, and the expectations for 2024 increased significantly. I believe that the new capacity coming from the new G3 project, the new two-year supply agreement recently announced, and the repairs announced have all contributed to the recent optimism in…
9dreamstudio/iStock via Getty Images Introduction Although the natural gas price is still weak, I’m keeping an eye on the entire sector and after having a closer look at Crew Energy (CR:CA) and dividend-paying Tourmaline Oil (TOU:CA), I wanted to have a look under the hood of Advantage Energy (TSX:AAV:CA) (OTCPK:AAVVF), a natural gas producer with…
SL_Photography/iStock via Getty Images Introduction In a recent article on Tourmaline Oil (TOU:CA, OTCPK:TRMLF), I explained why the company stock was a good way to have exposure to natural gas prices. However, I obviously also wanted to have another look at some of my older ideas. Crew Energy Inc. (TSX:CR:CA, OTCQB:CWEGF), for instance, is a…
onurdongel Even for a commodity like natural gas, the last three months have been incredibly volatile. Think about this; over the last month, front-month natural gas futures are up over 40%, but over the last three months, they’re actually down. A 40% rally and it’s still in the red over the last three months. Incredible….
jaochainoi/iStock via Getty Images Investment Rundown The most recent earnings report from Southwest Gas Holdings, Inc. (NYSE:SWX) had some mixed results in my view. Firstly the company has made strong progress on building up the bottom line again. Last year during the Q3 quarter the bottom line was negative but it most recently came in…
The Sandbox is celebrating the launch of its marketplace on Polygon with a new NFT collection by 30 artists from its Creator Fund. Virtual gaming world The Sandbox has announced that its NFT marketplace is now available on the Polygon blockchain. The Sandbox Marketplace on Polygon was created to ‘further empower’ creators and enable the…
hedidwhat/iStock via Getty Images Chesapeake Energy (NASDAQ:CHK) investors had a disappointing 2023, including the last few weeks. Warmer than normal temperatures recently and the report last week of a delay in the Gold Bass LNG terminal project caused a continued drop in natural gas prices. CHK stock price has dropped about 15% since I downgraded…
AntonioSolano/iStock via Getty Images UGI Corporation (NYSE: UGI) is an attractive 36-year dividend champion utility company headquartered in King of Prussia, PA. being incorporated in 1882 and having an S&P credit reading of “A”. It can blow up your income with its current 6.9% yield with a nice potential for capital gains, but patience is…
6381380/iStock Editorial via Getty Images Shares of EQT Corporation (NYSE:EQT) have recovered nearly all of their losses this year, down just marginally from twelve months ago. This has been despite meaningfully lower natural gas prices, which have weighed on profitability. While hedges do provide some near-term protection, the natural gas market has proven surprisingly weak,…
Mny-Jhee/iStock via Getty Images Purpose I look at the high frequency weekly indicators because while they can be very noisy, they provide a good nowcast of the economy, and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available. They are also an excellent way to “mark your…
mysticenergy Antero Resources Corporation (NYSE:AR) has performed well since my initial write-up, up nearly 27% since I placed a “Buy” rating on the stock in March versus an 11% gain in the S&P over the same time period. With the Appalachian natural gas E&P reporting its Q3 results, I wanted to catch up on the…
TerryJ/E+ via Getty Images These are still good days for process end-markets like oil/gas and chemicals, and Flowserve (NYSE:FLS) is reaping the benefits as the company continues to generate strong growth from its backlog, as well as ongoing aftermarket demand. Beyond this near-term momentum, the company has leverage to several new growth markets, including LNG,…
marketlan Co-authored by Treading Softly There’s a classic saying that sometimes “it’s better to be lucky than smart.” This can feel exceptionally true when you’re fighting against the grain. When it came to the mortgage-backed securities market in 2008, Michael Burry, among others, recognized that the commonly accepted logic wasn’t correct. They actively bet against…
zhengzaishuru Comstock Resources (NYSE:CRK) is still likely to burn cash during the second half of 2023, but natural gas strip prices have improved enough so that it is now projected to generate a bit over $200 million in 2024 free cash flows before dividends. With approximately $139 million in annual dividends, Comstock should thus be…
AlexLMX Introduction There will be major implications for both agricultural and energy commodities based on the fate of El Niño over the next few months. I wanted to share a bit about my weather forecasting techniques in this report. We’re diving into the nitty-gritty of El Nino and how it might impact global crop and…
Gabrijelagal/iStock via Getty Images Introduction As I explained in a previous article, I don’t see a whole lot of fundamental value in Pine Cliff Energy (OTCPK:PIFYF) (TSX:PNE:CA) as the reserve life is pretty limited and in my personal situation as an offshore investor, receiving the incoming free cash flow as dividends is not the most…
mysticenergy Southwestern Energy (NYSE:SWN) is a primarily natural gas exploration and production company headquartered in Houston, Texas. The company currently trades with a market cap of $7 Billion. The company was started all the way back in July 1929, just as the Great Depression was about to get underway. Over the years, the company plodded…
Pla2na/iStock via Getty Images Natural Gas Services Group, Inc. (NYSE:NGS) recently delivered double digit net sales growth, and management expects even more improvement coming. I believe that further diversification of its compressors, geographical expansion, outside the Permian Basin, and lower net leverage could bring further stock price increases. There are a number of risks coming…
jitendrajadhav/iStock via Getty Images Investment Thesis Investors interested in natural gas often find themselves compelled to invest in the ProShares Ultra Bloomberg Natural Gas ETF (NYSEARCA:BOIL). The BOIL ETF is designed to double the gains or losses of natural gas prices for a single day. So, if natural gas prices go up by 1%, this…
onurdongel The time to invest in a commodity like natural gas is when the market is leaving the whole sector for “dead”. At that point, prices are usually so good that the downside risk is minimal while the upside potential is considerable. Antero Resources (NYSE:AR) appears to be at a cyclical bottom. Management believes this…
Iurii Garmash Investment Rundown Investing in the natural gas business I think will remain very appealing for decades to come. There is a push towards renewables, but it’s not fast enough to push aside companies like ONE Gas Inc (NYSE:OGS). The company still has a strong asset base and customers are expected to grow further…
Jeremy Poland North European Oil Royalty Trust (NYSE:NRT) owns rights to royalties from a concession of oil and gas extraction in Oldenburg. Their performance this year was negatively impacted by YoY price declines and some maintenance projects that hit volumes. We think that run-rate incomes understate the potential picture as we approach winter, but still…
Editor’s note: Seeking Alpha is proud to welcome Yahor Zaikou as a new contributor. It’s easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » onurdongel/iStock via Getty Images Introduction It is not news…
Deep divisions over how to combat global warming at the next climate summit were on display this week, as efforts to green the world’s energy system were challenged by oil and gas executives, and petrostates. As world leaders and top officials gathered in New York ahead of the UN COP28 climate summit in ten weeks,…
claffra/iStock via Getty Images Listen below or on the go on Apple Podcasts and Spotify Chris DeMuth Jr. talks about investing in 2023, the current state of the market (0:30) and why he likes the energy sector, especially oil and gas (4:40). This is an abridged conversation from Seeking Alpha’s Investing Experts podcast. Subscribe to…
Torsten Asmus Magnolia Oil & Gas (NYSE:MGY) made some positive revisions to its 2023 guidance, indicating stronger production growth expectations along with reduced capex expectations. As well, Magnolia’s lease operating expenses dropped below $5 per BOE in Q2 2023. These positive revisions may allow Magnolia to generate over $250 million in free cash flow in…
CreativeNature_nl I first recommended purchasing National Fuel Gas (NYSE:NFG) in the spring of 2020. Since my article, the stock rallied up to 80% within two years. The stock has incurred a 25% correction in the last 12 months due to the plunge in the price of natural gas this year but still it has offered…
onurdongel EQT Corporation (NYSE:EQT) management has a lot of accomplishments to their credit. This management is a huge improvement over what came before they arrived. However, one of the challenges this management faces is getting better prices for natural gas production. The reason is that midstream transportation contracts are long-term and therefore take time to…
pryzmat PHX Minerals Inc. (NYSE:PHX) is an independent exploration and production company that primarily operates in the SCOOP and Haynesville Shale plays in Oklahoma, Texas, and Louisiana: PHX Minerals The company does have operations in a few other regions, however. The substantial presence in these regions makes PHX Minerals somewhat unique among exploration and production…
RiverNorthPhotography/iStock Unreleased via Getty Images Getty Realty Corp (NYSE:GTY) is a specialized REIT that focuses on developing, owning or financing single-tenant properties operating in 39 states in addition to DC. Almost 90% of the company’s roughly a thousand properties are gas stations, convenience stores and car wash stations (in many cases all three in one…
Europe’s benchmark natural gas prices surged on Tuesday mid-day in Amsterdam as the market is closely watching whether LNG exporters in Australia will manage to avert a workers’ strike that could cripple 10% of global LNG supply. So why can’t US natural gas (NYSEARCA:UNG) prices rally in the face of extreme global heat, lower U.S….
peshkov Listen to the podcast below or on the go via Apple Podcasts or Spotify. Chris DeMuth Jr. returns to talk the state of the markets (2:20) M&A, deal financing and arbitrage. (5:50) Activision, Microsoft, the FTC and why Chris sees the deal closing (15:40) Opportunity today is in energy, especially oil and gas (24:30)…