The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Highlighting the opportunity in SQZ with current sp at lows against the fundamentals of cash in bank, low pe, very decent divi levels, profits and free cash flow generation included in a top 6 stocks to consider with potential for a much higher sp from current levels ....
Https://twitter.com/surprised_trade/status/1725458186293940470
If they win/settle out of court re IP case infringed by Maxwell it could multi bag from here, risk v reward looks tempting, broker latest is 7p target
Great podcast today regarding energy transition and the unaffordability of renewables (solar and wind) and the false 'net zero' narrative believed by politicians and investors that will bankrupt nations and individuals and the essential need for oil and gas.
https://twitter.com/surprised_trade/status/1725444766899265634
Shorting renwables (wind/solar) has been hugely profitable as the narrative of cheap wind is misleading & fundamentally politicians & investors don't understand power generation.
'No rationale person would build anymore wind or solar' states Barry Norris of UK hedge fund Argonaut Capital Partners,😳
Https://twitter.com/surprised_trade/status/1725197345250316485
Current price weakness is significantly oversold & oil markets may soon record a big rally....The shorts have returned to the oil markets with a vengeance & the scale of the current speculative downward move in oil is not justified by fundamental data
https://oilprice.com/Energy/Heating-Oil/Unwarranted-Demand-Pessimism-Could-Lead-To-Big-Oil-Price-Rally.html
It doesn’t take a big bump in capital spending to sink an offshore wind project. Putting up turbines as tall as skyscrapers many miles out at sea is already a costly business due to the unique technical challenges and the need for specialized vessels that are often in limited supply. The turbines are much more expensive to produce now that steel and other materials are dearer.
Companies have faced cost increases of 40% in the space of 12 to 18 months, according to an executive at Swedish utility Vattenfall AB. Higher interest rates make it more expensive for wind developers to borrow their way out of trouble. That could make the returns on wind power investments less appealing, draining money from the sector.
In cloudy Britain, wind farms produce five times more electricity than a similar-sized solar farm. For some developers, the numbers no longer add up and they’re walking away.
Wind farms sprung up in Europe, China and the US as governments chased emissions-reduction targets. Then a series of setbacks — some self-inflicted, others not — has tipped an industry that’s critical to the world’s decarbonization goals into crisis.
Https://oilprice.com/Energy/Energy-General/OPEC-Says-Demand-Concerns-Are-Overblown-As-Fundamentals-Stay-Strong.html
OPEC continues to believe that oil market fundamentals are strong, with the group suggesting recent negative sentiment is exaggerated.
Oil prices have slid dramatically in the last two weeks, with WTI now trading at $77.20 and Brent only slightly above $81.50.
OPEC now sees global oil demand growing by 2.5 million bpd this year, thanks to upward revisions to China’s oil demand in the second half.
OPEC continues to view the oil market fundamentals as strong with Chinese crude imports set to increase to a new annual record in 2023, the cartel said on Monday, describing the most recent negative market sentiment as exaggerated.
“Recent data confirms robust major global growth trends and healthy oil market fundamentals,” OPEC said in its closely-watched Monthly Oil Market Report (MOMR), echoing last week’s comments from Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman.
Last week, the energy minister of OPEC’s top producer and the world’s largest crude oil exporter, Saudi Arabia, said that oil demand continues to be robust and blamed speculators for the most recent drop in oil prices.
Https://oilprice.com/Latest-Energy-News/World-News/IEA-Raises-Oil-Demand-Outlook-For-2023-And-2024.html
global oil demand continues to exceed expectations, according to the International Energy Agency (IEA) which raised its demand growth forecasts for both 2023 and 2024.
Https://twitter.com/surprised_trade/status/1724342214636060808
Another high dividend. Production reverting to normal
• The 3Q23 production of 10,909 bbl/d and the liquidity position at the end of September had already been reported
. • Amazon river levels are now gradually increasing. Production in October was 11,808 bbl/d and is now 13,420 bbl/d. It is expected to reach ~20 mbbl/d consistently by the last week of November.
• The current quarterly dividend of US$0.02 per share (US$0.08 per share per year) represents a dividend yield of ~15%.
The ongoing share buyback programme represents a further return of >2% per year.
We re-iterate our target price of £1.50 per share
Https://twitter.com/surprised_trade/status/1720383879977083312
A free cash flow monster, with 11%+ divi & buybacks in operation.......initial target 100p+
Revenue increased by 9.8%, to £608.3m from £554.2m,
The Group delivered adjusted EBITDA growth of 13.0%, to £121.4m from £107.4m
Profit before tax increased by 49.7% to £53.9m from £36.0m
Proposed dividend per share (p)7.5p+7.1%
Cash generated from operations (£m) £107.9m+15.9%
https://www.cvsukltd.co.uk/wp-content/uploads/2023/10/CVS-Group-plc-2023-Annual-Report-and-Financial-Statements.pdf
Https://twitter.com/surprised_trade/status/1718897615973011946
generated more than $170m in free cash flow ytd, 'confident that we can conclude our transformational acquisition of MPNU'
Increase of $391.0 million cash at bank (9M 2022: $305 m) net debt down & quarterly divi @ 2.4p
Increasing confidence that President Tinubu's administration will approve our acquisition of ExxonMobil's share capital of Mobil Producing Nigeria Unlimited (MPNU).
CEO states
"Seplat Energy's operational performance was strong in the third quarter, particularly September which mitigated some of the outages experienced on third party infrastructure and supported production growth of 11% on the same period in 2022.
Our balance sheet remains strong and thanks to higher commodity pricing and our proactive approach to cash management, we have generated more than $170m in free cash flow year to date.
2023 will deliver further strengthening of our cash position. This keeps us on track for an excellent year that will support the increased quarterly dividends we announced in April and allow us to continue our commitment to reward shareholders.
We remain confident that we can conclude our transformational acquisition of MPNU''
A lot to like :-)