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…
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…
zhengzaishuru Article Thesis Canadian Natural Resources (NYSE:CNQ) is a leading Canadian oil sands company that has an excellent track record and strong management. Thanks to superior cash generation, Canadian Natural Resources has recently achieved its net debt target, which will allow the company to return even more cash to its owners. While the share price…
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…
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…
Canadian Natural Resources Limited (NYSE:CNQ) Q4 2023 Results Conference Call February 29, 2024 11:00 AM ET Company Participants Lance Casson – Investor Relations Tim McKay – Vice Chairman Scott Stauth – Chief Operating Officer, Oil Sands Robin Zabek – Chief Operating Officer, E&P Mark Stainthorpe – Chief Financial Officer Conference Call Participants Doug Leggate –…
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…
Galeanu Mihai THE NORWEGIAN ILLUSION “Electric vehicles (EVs) are piling up on lots across the country as the green revolution hits a speed bump, data show.” USA Today, November 14, 2023 “Hertz Global Holdings announced Thursday it planned to cut one-third of its global EV fleet over the year. Following the announcement, Hertz CEO Stephen…
Northwest Natural Holding Company (NYSE:NWN) Q4 2023 Earnings Conference Call February 23, 2024 11:00 AM ET Company Participants Nikki Sparley – Director, Investor Relations David Anderson – Chief Executive Officer Brody Wilson – Chief Financial Officer, Vice President, Treasurer and Chief Accounting Officer Conference Call Participants Selman Akyol – Stifel Operator Hello and welcome to…
Wolterk Synopsis Natural Grocers by Vitamin Cottage (NYSE:NGVC) is a retailer of natural and organic groceries and dietary supplements that aims to provide consumers with affordable, high-quality products. Although NGVC’s revenue growth has been accelerating over the last three years, it has not reached its 10-year median growth. On the flip side, margins have remained…
I attended the Bitcoin Freedom Festival in Uvita, Costa Rica from January 18th through 20th. It was a unique event that was unlike any bitcoin gathering I’ve ever attended. There were over 30 speakers during the festival so I won’t try to cover each but there was one session that stood out and it involved…
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…
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…
peshkov The Adams Natural Resources Fund (NYSE:PEO) invests across energy and materials sector stocks as an actively managed closed-end fund. The attraction here is a strong record, with PEO outperforming sector benchmarks including several indexed ETFs over the past five years. We also like the compelling 6% yield through a quarterly distribution. Emerging from a…
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…
mysticenergy Introduction and Investment Thesis Canadian Natural Resources (NYSE:CNQ) is the largest oil and gas producer in Canada. The stock has returned an impressive ~18% in 2023, despite oil prices experiencing downward pressure, contrasting with other Canadian oil peers who suffered declines in the year. While the company has a strong history of dividend increases…
DanielIngelhart/iStock via Getty Images Investment Thesis Mach Natural Resources (NYSE:MNR) is an oil and natural gas firm that develops, acquires, and produces oil, NGL reserves, and natural gas. It has recently reported its quarterly results and experienced resistance in its growth, mainly due to macroeconomic pressures. However, I believe the company can boost its profitability…
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…
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,…
RomoloTavani By Patrick O’Connell, CFA, John Huang, CFA, Larry Bellinger, CFA, and Sam Wilamowsky, CFA Investors need to understand the potential physical damage from natural hazards before they can assess their financial implications. From hurricanes to earthquakes to droughts, natural disasters are becoming more numerous, extreme and costly. To assess the potential financial damage, investors…
Thomas Barwick Investment thesis Our current investment thesis is: UNFI has achieved healthy growth in the last decade but this has seemingly come at the expense of margins, a poor trade-off in our view. This has made the business less attractive to investors but also contributed to the business being (partially) oversold. Investors understand that…
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…
bjdlzx A Quick Take On Mach Natural Resources LP Mach Natural Resources LP (MNR) has filed proposed terms to raise $200 million in gross proceeds from the sale of its common stock units in an IPO, according to an amended SEC registration statement. The company operates as an upstream oil & gas exploration company in…
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…
The announcement of this landmark deal follows a recent report which hinted at the two companies’ progress toward an agreement. Since that report, Pioneer shares have surged by over 10%. ExxonMobil Corp (NYSE: XOM) has announced its agreement to acquire shale rival Pioneer Natural Resources Co (NYSE: PXD) for a staggering $59.5 billion in an…
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…
CHUNYIP WONG Exxon Mobil (NYSE:XOM) is a $435 billion multinational oil and gas company, the largest publicly traded in the world besides Saudi Aramco. Rumor has it the company is considering a massive $60 billion acquisition of Pioneer Natural Resources (NYSE:PXD), which would make a massive Permian producer at a 20% premium and represent one…
A filing with the SEC shows that Exxon Mobil’s third-quarter earnings received a major boost from the high crude oil prices Oil and gas giant Exxon Mobil Corp (NYSE: XOM) is said to be in advanced talks to acquire shale-focused company Pioneer Natural Resources Co. According to a Wall Street Journal report citing an anonymous…
jitendrajadhav/iStock via Getty Images Investment Thesis Investors interested in natural gas often find themselves compelled to invest in the ProShares Ultra Bloomberg Natural Gas ETF (NYSEARCA:BOIL). The BOIL ETF is designed to double the gains or losses of natural gas prices for a single day. So, if natural gas prices go up by 1%, this…
onurdongel The time to invest in a commodity like natural gas is when the market is leaving the whole sector for “dead”. At that point, prices are usually so good that the downside risk is minimal while the upside potential is considerable. Antero Resources (NYSE:AR) appears to be at a cyclical bottom. Management believes this…
zhengzaishuru Pioneer Natural Resources (NYSE:PXD) has been on a tear lately. Up more than 34% since mid-March, the mid-sized Oil & Gas production company has surged in price on the back of two impressive earnings reports, in addition to a resurgent underlying oil market: TradingView While we like the company and believe that management has…
Pla2na/iStock via Getty Images All financial numbers in this article are in Canadian dollars unless noted otherwise. Please note that oil and gas prices are always in US$. Introduction Things are developing very quickly – even quicker than I expected. Almost two months ago, I wrote an article titled Canadian Natural Resources Is One Of…
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…
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…
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….
David-Prado/iStock via Getty Images Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) recently announced an optimistic outlook, which includes further opening of stores, increasing basket size, and growing consumer interest in nutrition and wellness. In my view, announced economies of scale, discounts, and promotions may accelerate net sales growth and the FCF margins. I did see…