Core Viewpoint - Canadian Natural Resources (CNQ) is recommended as a core position in energy portfolios due to its substantial low-cost reserve base and low maintenance capital requirements [1]. Company Analysis - The analysis is conducted by Energess Resources, which has over 15 years of experience in oil and gas operations, focusing on production engineering and field-level supervision [1]. - The analysis aims to provide objective, actionable insights for investors to better understand the energy sector, emphasizing fundamentals such as valuation, capital and operational efficiency, asset quality, and shareholder alignment [1]. - Initial coverage will focus on exploration and production (E&P) companies in the United States and Canada, with plans to expand to midstream and royalty companies in the future [1]. Investment Perspective - Investments in the energy sector can yield strong total returns and enhance diversification in long-term portfolios when approached with discipline and a value-oriented strategy [1]. - Despite the cyclical nature of commodity prices, quality companies with experienced management can deliver shareholder value even in challenging pricing environments [1].

Core Insights - Great Lakes Dredge & Dock Corporation (GLDD) is experiencing margin expansion, indicating its competitive strength in securing large-scale capital and coastal protection projects alongside mainstream dredging services [1] - The company's adjusted EBITDA margin increased by 230 basis points to 24.7%, and gross margin rose by 570 basis points to 28.6% in Q1 2025, driven by a new build program and robust public infrastructure spending [1][8] - GLDD's stock has risen 31.8% over the past three months, outperforming the broader construction sector and S&P 500 index [7][8] Company Developments - The new build program initiated in 2020 aims to modernize GLDD's fleet for coastal restoration and shoreline protection projects, expected to conclude by the end of 2025 or early 2026 [2] - The construction of Acadia, the first U.S.-flagged Jones Act-compliant subsea rock installation vessel, is part of this modernization effort [2] - GLDD is optimistic about the new hopper dredge, Amelia Island, designed for efficient operation in shallow and narrow waters along U.S. coastlines [2] Market Environment - Increased government funding for infrastructure projects at both state and federal levels is contributing to GLDD's top-line growth and margin expansion, reducing payment failure risks and enhancing revenue visibility [3] - Other heavy construction firms, such as Orion Group Holdings, Inc. and Granite Construction Incorporated, are also experiencing margin expansion due to favorable public infrastructure spending [4] Financial Performance - Orion Group reported an adjusted EBITDA margin of 4.3%, up 180 basis points year over year, supported by government initiatives like the Infrastructure Investment and Jobs Act [5] - Granite Construction's adjusted EBITDA margin expanded by 190 basis points to 4%, benefiting from improved project execution and higher volumes [6] - GLDD's current valuation is attractive, trading at a forward P/E ratio of 12.01X, indicating a potential entry point for investors [10] Earnings Estimates - GLDD's earnings estimates for 2025 and 2026 have increased by 39.1% to $0.96 per share and 11.8% to $0.95 per share, respectively, with 2025 showing a 14.3% year-over-year growth [12]

Core Viewpoint - Myriad Genetics, Inc. is focusing on expanding its companion diagnostics and oncology business while facing challenges from the end of UnitedHealthcare's GeneSight coverage and macroeconomic pressures [1][8]. Company Performance - Myriad Genetics' shares have decreased by 79% over the past year, contrasting with a 12.6% decline in the industry and a 9.2% gain in the S&P 500 [2]. - The company has a market capitalization of $463.7 million and an earnings yield of 0.2%, outperforming the industry's -29.4% yield [2]. - Myriad Genetics has consistently surpassed earnings estimates over the last four quarters, achieving an average surprise of 210% [2]. Growth Opportunities - There is significant potential in oncology testing, particularly through partnerships and new offerings such as the integrated program with Gabbi and the addition of AI technology from PATHOMIQ [3][4]. - Myriad Genetics has seen an 11% year-over-year growth in MyRisk testing volume and plans to launch new products like the Prequel and Precise MRD tests [5]. - The women's health segment, especially MyRisk cancer screening, targets approximately 50 million women in the U.S. who meet hereditary cancer testing guidelines, with prenatal testing revenues increasing by 11% year over year [6]. Strategic Initiatives - The company is investing in electronic medical records (EMR) solutions to enhance customer and patient experiences, which is expected to drive future volume growth [9]. - Myriad Genetics has been granted two new patents for its MRD test, building on previous patents, and plans to launch the Precise MRD test in the first half of 2026 [4]. Financial Health - As of the first quarter of 2025, Myriad Genetics had cash and cash equivalents of $92 million and no short-term debt, indicating strong solvency [10]. Challenges - The end of UnitedHealthcare's coverage for the GeneSight test has resulted in a 20% year-over-year revenue decline for this product [12]. - The company faces macroeconomic pressures, including rising labor costs and tariffs, which could impact profitability [11].

Since the last coverage in April, AppLovin’s (NASDAQ: APP ) stock has surged 53%, outperforming the S&P 500’s 13% price gain. Previously, the thesis focused on AppLovin’s early pivot beyond gaming. Its AI-based AXON platform began gaining traction in e-commerce. Now, the current thesis assessesHi, I'm Yiannis. Spotting winners before they break out is what I do best.Experience: Previously worked at Deloitte and KPMG in external/internal auditing and consulting. Education: Chartered Certified Accountant, Fel ...

JR Research is an opportunistic investor. He was recognized by TipRanks as a Top Analyst. He was also recognized by Seeking Alpha as a "Top Analyst To Follow" for Technology, Software, and Internet, as well as for Growth and GARP. He identifies attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500. He has also demonstrated outperformance with his picks. He focuses on identifying growth investing opportunities that present the most attracti ...

I have been closely following GigaCloud Technology Inc. (NASDAQ: NASDAQ: GCT ) and I must say this is the kind of stock that you take with a pinch of salt. Why? Because I would say that the stock has had decent factorAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other th ...

Comerica Bank and client Monex USA work together to introduce new OBO capabilities. DALLAS, June 16, 2025 /PRNewswire/ -- Comerica Bank "Comerica" announced it will become an early adopter of The Clearing House's revised rules for domestic On-Behalf-Of (OBO) payments on the RTP® network, the largest and most utilized instant payments network in the United States operated by The Clearing House. Comerica Bank, and its client Monex USA, a leading provider of international payments, corporate FX and currency ri ...

Key Takeaways The 2025 report from Equinor presents four scenarios shaped by cooperation, policy shifts and tech progress. Rising emissions and shifting political priorities signal that the world is off track from the climate target. The EQNR "Bridges" scenario is the only one that meets Paris goals, demanding rapid global action.Equinor ASA (EQNR) , the Norwegian energy giant, has released its Energy Perspectives 2025 report, presenting four divergent scenarios for the world economy, energy markets, and ...

Key Takeaways DTE plans $30B in capex over five years to enhance infrastructure and meet earnings growth targets. DTE Electric has deployed 2,300 MW of renewables as of March 31, 2025, with more growth ahead. DTE stock has risen 12% in six months, outperforming the industry's 7.1% growth in the same period.DTE Energy Company (DTE) has long-term capital expenditure plans to upgrade and extend its infrastructure to provide customers with more efficient services. The company is also making ongoing investment ...

Construction giant Tutor Perini Corporation ( TPC ) turned a profit in the first quarter of 2025, its first quarterly black ink since Q2-2024. It’s also one of just three profitable quarters since Q3-2022.Robert F. Abbott has been investing his family’s accounts since 1995, and in 2010 added options, mainly covered calls and collars with long stocks. He is a freelance writer, and his projects include a website that provides information for new and intermediate-level mutual fund investors. A resident of Aird ...