Core Insights - The Trump administration is seeking a 10% equity stake in Lithium Americas in exchange for renegotiating a $2.26 billion Department of Energy loan [1][2] - The Thacker Pass mine in Nevada, developed by Lithium Americas, is expected to produce enough lithium for 800,000 electric vehicles annually [3] - GM holds a 38% stake in Lithium Americas, having invested $625 million, and has rights to purchase the entirety of the first phase of production [4] Group 1 - The U.S. government has previously negotiated stakes in companies like Intel and MP Materials, indicating a trend in government involvement in key industries [2] - The Trump administration's support for the lithium project is framed as a balance between project success and taxpayer fairness [2] - The loan for the Thacker Pass project was awarded under President Biden, highlighting bipartisan interest in lithium production [3] Group 2 - The total lithium production from the Thacker Pass mine over two decades could support 1.6 million electric vehicles [4] - The Trump administration is reportedly asking GM to guarantee lithium purchases, despite efforts to limit the transition to electric vehicles [4]

ST. JOHN’S, NL, CANADA, Sept. 24, 2025 (GLOBE NEWSWIRE) -- North Atlantic France SAS reaches a key milestone in its project to acquire a majority stake in Esso Société Anonyme Française SA and 100% of ExxonMobil Chemical France SAS, with the signing of a share purchase agreement ST. JOHN’S, NL, CANADA, September 24, 2025 – North Atlantic France SAS (“North Atlantic”) announced on May 28, 2025, that it had entered into exclusive negotiations with ExxonMobil France Holding SAS (“ExxonMobil”) for the acquisit ...

Last year, I began coverage of specialty contractors, noting that they were clearly benefiting from favorable policies such as the IRA (Inflation Reduction Act) and the IIJA (Infrastructure Investment and Jobs Act), as well as secular megatrends such as AI and theI'm an avid investor with a long-term, and sometimes contrarian, approach to equities investing. I started out as a Tech analyst but now also cover Commodities and Energy sectors as the world navigates the energy transition.Analyst’s Disclosure:I/w ...

Last year, I began coverage of specialty contractors, noting that they were clearly benefiting from favorable policies such as the IRA (Inflation Reduction Act) and the IIJA (Infrastructure Investment and Jobs Act), as well as secular megatrends such as AI and theI'm an avid investor with a long-term, and sometimes contrarian, approach to equities investing. I started out as a Tech analyst but now also cover Commodities and Energy sectors as the world navigates the energy transition.Analyst’s Disclosure:I/w ...

Antero Midstream Corporation (NYSE:AM) is one of the Best Undervalued Stocks to Invest in According to Reddit. On September 8, the company announced the pricing of an upsized private placement to eligible purchasers of $650 million in aggregate principal amount of 5.75% senior unsecured notes due 2033 at par. Antero Midstream Corporation (NYSE:AM) expects to receive net proceeds of approximately $642 million, after deducting the initial purchasers’ discounts and estimated expenses. Antero Midstream Corpora ...

Core Viewpoint - California Resources Corporation intends to offer $400 million in senior unsecured notes due 2034 to finance the repayment of existing indebtedness related to the pending business combination with Berry Corporation [1][2]. Group 1: Offering Details - The offering consists of $400 million in aggregate principal amount of senior unsecured notes due 2034, guaranteed by existing and certain future subsidiaries [1]. - The net proceeds will be used to repay Berry Corporation's existing indebtedness and cover fees and expenses related to the merger and the note offering [1]. Group 2: Redemption Conditions - If the Berry Merger does not occur by March 14, 2026, or if the merger agreement is terminated, the notes will be subject to a special mandatory redemption at 100% of the initial issue price plus accrued interest [2]. Group 3: Regulatory Information - The notes will not be registered under the Securities Act of 1933 and will be offered only to qualified institutional buyers and non-U.S. persons [3]. - The company will file a registration statement with the SEC in connection with the Berry Merger, which will include a proxy statement and prospectus [8]. Group 4: Company Overview - California Resources Corporation is an independent energy and carbon management company focused on energy transition and environmental stewardship [7].

Strategic Direction - Iberdrola is focusing on A-rated countries and prioritizing regulated/long-term contracted businesses for predictable and profitable growth[52] - The company aims to increase its regulated and long-term contracted EBITDA profile to approximately 75% by 2028-2030, up from approximately 60% in 2021-2024[109, 110] - Iberdrola reaffirms its shareholder remuneration policy, targeting a payout ratio between 65% and 75% of EPS and a DPS floor at EUR 064/Share[118, 119] Investment and Growth - Gross investments are projected to reach approximately EUR 58 billion, with approximately EUR 8 billion contributed by partners[70] - Approximately 2/3 of gross investments are allocated to the UK and the US, representing approximately 65% of the total[70, 71] - Networks investments are expected to double by 2030 and triple by 2035[34] - Renewable investments are projected to increase by over 50% by 2030[36] Financial Performance - EBITDA is projected to reach approximately EUR 18 billion by 2028, an increase of approximately EUR 3 billion from 2024[100, 101] - Adjusted Net Profit is expected to grow at a high single-digit CAGR from 2024 to 2028, reaching approximately EUR 76 billion by 2028[114, 115] - The company aims to increase its RAB (Regulated Asset Base) by approximately 40% in just 4 years[82]

SLB (NYSE: SLB) announced it will acquire RESMAN Energy Technology, whose advanced tracer technology enables ultra-precise monitoring of reservoir flow across oil, gas, CO2 storage, and geothermal applications. The acquisition gives SLB access to RESMAN’s chemical tracer systems, which detect fluids at parts-per-trillion accuracy and allow operators to track water, oil, gas, and CO2 movement within wells without disrupting production. These insights help extend well life, reduce unwanted fluids, and optim ...

Core Insights - The U.S. stock market is performing better than expected, with the S&P 500 increasing by 13.3% year-to-date, defying bearish expectations [1] Group 1: Market Performance - The S&P 500 index has shown a significant increase of 13.3% in the current financial year [1] Group 2: Analyst Background - The analyst has a long-term, contrarian approach to equities investing and has experience as a Tech analyst, now also covering Commodities and Energy sectors [1]

Core Insights - Keppel Ltd. has experienced a 29% year-to-date increase in share price due to strong business execution and a strategic shift from a conglomerate model to an asset-light global alternative real asset manager focusing on digital and green energy infrastructure [1][2] Business Transformation - The company is divesting legacy businesses and assets, reallocating proceeds into recurring income-generating assets such as data centers, renewables, and sustainable infrastructure, which aligns with long-term growth trends [2] - Keppel's urban development projects span multiple countries, providing a long-term pipeline for growth [9] Financial Performance - In 1H2025, Keppel reported a 5% year-on-year decrease in revenue to S$3.06 billion, while net profit surged 24% year-on-year to S$378 million [3] - Recurring income (excluding non-core portfolio for divestment) increased by 7.2% year-on-year to S$444 million [3] - The Real Estate segment saw a 45% year-on-year revenue increase to S$95 million, with net profit of S$98 million due to higher asset management fees and lower costs [4] - Infrastructure revenue declined 12% year-on-year to S$2.0 billion, accounting for 65.7% of total revenue, while net profit decreased 5% year-on-year to S$346 million [5] - Connectivity revenue increased 14% year-on-year to S$743 million, but net profit fell 19% year-on-year to S$57 million due to lower valuation gains [6] Growth Drivers - Singapore's Green Plan 2030 aims for 80% green buildings and increased solar energy, indicating a growing demand for green energy infrastructure [7] - As of 1H2025, Keppel has S$91 billion in funds under management, with S$25 billion undeployed, and secured an additional S$2.3 billion from institutional investors for investment in data centers and sustainable urban renewal [8] Debt and Dividends - Keppel's net debt stood at S$9.9 billion as of June 30, 2025, with a net gearing ratio of 0.9 times [13] - A dividend of S$0.15 per share was declared for 1H2025, translating to a yield of approximately 3.9% at the current share price of S$8.82 [13] Market Outlook - The company's successful transition and execution are critical for maintaining share price momentum, with current valuation at 17.8 times trailing earnings [14] - Continuous execution is necessary for Keppel to compound value in its new growth pillars [15]