SafakOguz Following our last update, “Too Cheap To Ignore,” and an expectation reset in early December 2023, Anglo American (OTCQX:AAUKF, OTCQX:NGLOY) reported its FY 2023 results and the just-released Q1 production report. For our new readers, Anglo-American is one of the world’s most prominent diversified mining players. The company is headquartered in London and listed…
Bogdanhoda/iStock via Getty Images Synopsis Concrete Pumping (NASDAQ:BBCP) specializes in concrete pumping and concrete waste management services in both the US and the UK. BBCP’s historical financials have shown strong top-line growth and improvements to net income margin. In 1Q24, revenue continued to report growth. However, margins contracted due to adverse winter conditions. Looking ahead,…
MelkiNimages Carbios (OTCPK:COOSF) is well shored up with advantaged financing, and its PET plant project, which in our last article we pointed out was early on track to completion, is already mostly financed, with industrial agreements covering the majority of the PET plant’s capacity already in place. We’re not sure exactly what sort of deals…
zhengzaishuru Granite Ridge Resources (NYSE:GRNT) appears capable of delivering a modest amount of free cash flow in 2024 before dividends. If it maintains its quarterly dividend at $0.11 per share, its net debt is projected to increase by $41 million during the year. This appears manageable for now, although Granite Ridge’s dividend is at risk…
Chun han Use of coal in power generation fades. Cheap US natural gas has been hard to beat for 15 years. Coal consumption in the US plunged another 17.4% in 2023 from the prior year, to 426 million short tons, the lowest since 1963 (red line in the chart), according to data from the Energy…
Tran Van Quyet/iStock via Getty Images A month ago, we wrote an article titled, “U.S. Oil Production Report Out With Far More Questions Than Answers.” The gist of the article was that if we added adjustment to U.S. oil production, total crude supplies in December came out to 13.719 million b/d. We wrote at the…
maroke By Min Joo Kang Tokyo consumer prices unexpectedly rose 2.6% YoY in March A leading indicator of nationwide consumer prices, Tokyo consumer prices rebounded to 2.6% year-on-year in March (vs a revised 2.5% in February, 2.5% market consensus). Core inflation excluding fresh food, a preferred measure for the BoJ, eased to 2.4% (vs 2.5%…
onurdongel Overview Vermilion Energy (NYSE:VET) is a Canadian oil & natural gas producer, with production in North America, Europe, and Australia. The stock is listed in the U.S. & Canada (TSX:VET:CA), and the reporting currency is Canadian Dollars. I have covered Vermilion frequently over the last couple of years and those articles can be found…
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…
wenbin/Moment via Getty Images A guest post by Ovi All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM which provides updated information up to November 2023. U.S. November oil production increased by 84 kb/d to 13,308 kb/d, a new record…
angel_nt A guest post by Ovi Below are a number of Crude plus Condensate (C + C) production charts, usually shortened to “oil”, for oil-producing countries. The charts are created from data provided by the EIA’s International Energy Statistics and are updated to September 2023. This is the latest and most detailed/complete World Oil production…
PhonlamaiPhoto Potential has a shelf life.”― Margaret Atwood, Today, we put American Battery Technology Company (NASDAQ:ABAT) in the spotlight. The company came public late in 2020. Like most IPOs/SPACs that debuted in 2020/2021 in this space when interest rates were basically zero, the stock has destroyed a massive amount of shareholder value to date. Competitor…
asbe By Jon Forrest Little The quote and chart below is from Crescat Capital’s Tavi Costa. Mexico’s silver production is now declining double digits annually for the first time in almost a decade. Historical trends indicate that substantial contractions in new supply have presented excellent opportunities to invest in the metal. More importantly: Consider that…
pidjoe Co-authored with Philip Mause. This is a follow-up article discussing the macroeconomic forces at play in energy that have influenced our stock selection in the sector. There has been a shift for the U.S. from being a net consumer of energy to a net producer. This means opportunities for income investors like us! Part…
ssstep There is a lot of hype about U.S. shale oil production going into year-end, and let me tell you like it is, it’s almost all fluff. HFIR Note: Figures following November do not include “transfers to crude oil supply.” Instead, it’s a more realistic reflection of U.S. oil production. Looking at our real-time tracker,…
If all goes to plan, Aliko Dangote, Nigeria’s most successful businessman and the richest person in Africa, is about to bring online a $20bn oil refinery outside Lagos that could transform the continent’s biggest economy. Starting operations at the vast facility would mark the culmination of a career in which Dangote, whose personal wealth is…
Rinsch is now asking for an additional $14 million, claiming Netflix owes him the money despite not submitting any completed episodes. A Hollywood movie director is making the news for receiving millions of dollars to fund a project that may never see the light of day, and using the show’s budget to invest in Dogecoin…
Michael M. Santiago It has been about a month since Exxon Mobil (NYSE:XOM) and Pioneer Natural Resources (NYSE:PXD) announced their $59.5b merger. This highly accretive merger is expected to close sometime in 1h24 and will significantly bolster Exxon’s upstream daily production volumes by 16% and total upstream revenue by 30% as well as provide margin-expanding…
Ever since the Bitcoin community embarked on discussions surrounding the optimization of covenants, there’s been a growing interest in learning more about their tradeoffs and the covenants already deployed on the Liquid Network. In light of this renewed interest and to encourage further discussion, let’s review some of Liquid’s current covenant offerings, comparing them with…
As a result of all the challenges faced by Tesla, its long-time partner Panasonic is also bearing losses. It has lowered its full-year operating profit forecast for its battery unit to ¥115 billion ($771 million) from ¥135 billion, as the demand for Tesla EVs in North America slowed down. Shares of Tesla Inc (NASDAQ: TSLA) have…
bjdlzx Quick Business Overview Arrow Exploration is mainly UK listed/traded but also Canada and US listed whilst top management are located in Canada and the bulk of production comes from Colombia. Management have a successful history of building up small oil companies and exiting these in sales to strategic acquirers after several years at high…
mysticenergy APA Corporation (NASDAQ:APA), the holding company for what many recognize as Apache Resources/Corp is an oil and gas exploration company with a market cap of $13 billion. The company is led by CEO John Christmann who has been the CEO since 2015. Since 2008-09, the company has performed rather dismally. The stock reached a…
grandriver Thanks to the EIA’s new quest of eliminating the adjustment factor, people are now completely misunderstanding U.S. oil production. EIA In EIA’s latest weekly oil storage report, it re-benchmarked U.S. weekly oil production higher by ~300k b/d. For those of you who are unfamiliar with the re-benchmarking method, the weekly U.S. oil production figure…
imaginima The Industrial Production and Capacity Utilization Report, corresponding to activity during the month of September 2023, was published by the U.S. Federal Reserve on October 17, 2023, at 9:15 AM. This report is widely considered to provide some of the best indicators of the production of goods in the U.S. economy, available at a…
RHJ Introduction Fortuna Silver Mines (NYSE:FSM) released its third-quarter 2023 production results on October 5, 2022. Note: This article updates my May 19, 2022, article. Fortuna Silver Mines owns five production mines, including the Séguéla Mine in the Ivory Coast, which started to produce on May 24, 2023. FSM Map Assets (FSM Presentation) Third Quarter…
Hryhorii Bondar/iStock via Getty Images By Charlotte de Montpellier Industrial production down Industrial production contracted in August, falling by 0.3% over the month. Manufacturing output also fell, by 0.4% over the month. In addition, July’s figures were revised sharply downwards, losing 0.3 points. There was a clear downturn in August in most sectors of activity,…
bodnarchuk Introduction Galiano Gold (NYSE:GAU) operates and manages the Asanko gold mine, or AGM, located in Ghana, West Africa, jointly owned with Gold Fields (GFI). Also, Galiano Gold owns the Asumura project indicated below (see map below). Note: Galiano is the joint venture operator and receives an annual service fee from the JV. Gold Fields…
mgdwn Obsidian Energy (NYSE:OBE) unveiled an ambitious three year plan that aims to grow its production to 50,000 BOEPD in 2026 (about 56% above 2023 levels), fueled by Peace River heavy oil development. Along with that production growth, Obsidian is aiming to nearly eliminate its net debt by the end of 2026 at US$75 WTI…
Funtay Oil and gas producer, Kosmos Energy (NYSE:KOS) reported Q2 2023 revenue of $273.32 million, indicating a drop of 55.98% (YoY). It missed Wall Street forecasts by $27.21 million, while its EPS of $0.06 missed estimates by $0.03. Despite the revenue decline, the stock is up 20.10% (YoY) and is trading 17.54% below the 52-week…
imaginima Co-authored with Philip Mause. There are macroeconomic forces at play in energy that have influenced our stock selection in the sector. There has been a shift for the U.S. from being a net consumer of energy to a net producer. This means opportunities for income investors like us! We’ve already benefited greatly from a…
simonkr On September 15, 2023, at 9:15 AM, the U.S. Federal Reserve released its monthly report on Industrial Production and Capacity Utilization. In this article, we provide in-depth analysis of the data and their implications for the US economy and for financial markets. Summary Data and Analysis A summary of key data and analysis is…
JacobH I last covered Uranium Energy Corp. (NYSE:UEC) in May, assigning the stock a Sell rating. My thesis revolved around the fact that the company does not produce any uranium and has been relying on the sale of existing inventory for almost all of its revenue. If a picture is worth 1000 words, then the…
Torsten Asmus By Ovi All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM which provides updated information up to June 2023. U.S. June oil production increased by 207 kb/d to 12,844 kb/d. The large increase is primarily due to a…
imaginima US manufacturers reported another tough month of trading in August. Output has fallen back into decline after a brief respite in July amid an increasingly steep deterioration in order books. Orders are in fact falling faster than factories are cutting output, suggesting firms will need to continue scaling back their production volumes into the…
zhengzaishuru Vital Energy’s (NYSE:VTLE) operational performance has been pretty good so far in 2023. It has increased its oil production guidance for the year by approximately 8% (excluding the impact of acquisitions). Including acquisitions, Vital’s oil production may end up around 20% higher than its original expectations. Vital is now expected to generate around $96…
Apple CEO Tim Cook is claiming that India simply offers a “huge opportunity”, so, the firm has been ramping up iPhone production in the region. It appears that Apple Inc (NASDAQ: AAPL) may be attempting to diversify the production of its iPhones from its manufacturing base in China. This follows after a recent Bloomberg report revealed…
bodnarchuk Introduction Saint Helier, Jersey-based Caledonia Mining Corporation Plc (NYSE:CMCL) released its second-quarter results on August 10, 2023. Caledonia’s primary asset is Blanket Mine, a gold mine in Zimbabwe. However, it also produces gold in the Bilboes mine. The company owns 64% of Blanket Mine and 100% of the Bilboes oxide mine. Caledonia is a…
Following to the progress achieved in Q2, Rivian is expecting to raise its previous full-year production guidance from 50,000 units to 52,000 units. Electric vehicle maker Rivian Automotive Inc (NASDAQ: RIVN) has released its Q2 2023 earnings, delivering great results and beating experts’ expectations. Besides, Rivian reduced its losses and increased gross profit per vehicle. With…
grandriver/iStock via Getty Images Part I – Introduction Houston-based EOG Resources, Inc. (NYSE:EOG) released its second quarter 2023 results on August 3, 2023. Important note: This article updates my preceding article, published on July 11, 2023. I have followed EOG on Seeking Alpha since 2016. EOG Resources produces from five Premium Basins and is a…
AMD is gearing up for its AI progress and is pushing to launch its top-notch MI300 AI chips in the last quarter of the year. On Tuesday, August 1, Advanced Micro Devices Inc (NASDAQ: AMD) posted moderately better-than-expected results for the second quarter earnings. AMD reported non-GAAP earnings of 57 cents per share for the…
sasacvetkovic33 Antero Resources (NYSE:AR) has underperformed since my initial write-up, but rebounded nicely after my May “Buy” reiteration, up over 18% since then, outpacing the S&P 500’s under 10% return. With the stock reporting its Q2 results, I wanted to catch up on the name. Q2 Results For Q2, AR delivered revenue of $953.3 million,…