he US is attempting to ramp up production https://t.co/jFdC6vPQ2U ...

We are going to talk about energy. Oil prices above $90 a barrel. That's up about 36% in a week.Gas prices, $3.45% a gallon. That is up about $0.45% in a week. Daniel Yergin, writing in the Financial Times on Friday of this week in an opinion piece titled Is the Nightmare Scenario for Global Energy.Here I'll read a little bit from it. Crude oil prices in the nineties are far from the worst case scenario, but right now the world is looking at the biggest disruption in oil production in history, as well as a ...

Core Viewpoint - SandRidge Energy, Inc. reported a decline in stock performance despite a year-over-year increase in net income and production, indicating mixed results in the context of fluctuating commodity prices and operational efficiency [1][2][6]. Earnings & Revenue Performance - The company reported a net income of $21.6 million, or 59 cents per share, for Q4 2025, up from $17.6 million, or 47 cents per share, in Q4 2024 [2]. - Adjusted net income was $12.5 million, or 34 cents per share, slightly down from $12.7 million, or 34 cents per share, in the previous year [2]. - Total revenues from oil, natural gas, and NGLs reached $39.4 million, a 1% increase from $39 million a year earlier [3]. Production & Operating Metrics - Average daily production increased to 19.5 thousand barrels of oil equivalent per day (MBoe/d) in Q4 2025, compared to 19.1 MBoe/d in Q4 2024 [4]. - Production for the quarter was 1.797 million barrels of oil equivalent (MBoe), up from 1.754 MBoe in the same quarter last year [3]. Commodity Prices - Realized oil prices fell to $57.56 per barrel from $71.44 in the prior-year quarter, while natural gas prices improved to $2.20 per Mcf from $1.47 [5]. - Overall realized price per barrel of oil equivalent decreased slightly to $21.92 from $22.22 in the prior-year quarter [5]. Cost Structure & Operational Efficiency - Lease operating expenses were $7.8 million in Q4, or $4.34 per Boe, down from the previous year due to efficiency gains [7]. - General and administrative expenses for Q4 were $3.6 million, with adjusted G&A at $2.7 million, or $1.53 per Boe [8]. Operational Activity - The company turned six wells to sales from its Cherokee Shale program in 2025, achieving average peak 30-day initial production rates of approximately 2,000 gross Boe per day [9]. Management Commentary - Management highlighted 2025 as a strong operational year, with the Cherokee development program contributing to a multi-year production high [10]. - The company emphasized a disciplined capital allocation strategy, focusing on projects with strong full-cycle returns [11]. Guidance & Outlook - For 2026, SandRidge expects total production between 6.4 and 7.7 million barrels of oil equivalent, with oil production projected between 1.2 million and 1.7 million barrels [13]. - Capital expenditure is forecasted between $76 million and $97 million, with specific allocations for drilling and completions [14]. Other Developments - As of December 31, 2025, the company held $112.3 million in cash and cash equivalents, with no outstanding debt [15]. - In 2025, SandRidge returned $15.9 million in dividends and repurchased 0.6 million shares for $6.4 million [16].

Financial Data and Key Metrics Changes - Copper production in 2025 reached 52.4 thousand tons, down 8% year-over-year due to processing stockpiles with higher precious metal content [5] - Silver production was 15.6 million ounces, a 1% increase from 15.5 million ounces in the previous year [6] - Gold production decreased by 18% year-on-year to 121,000 ounces, primarily due to lower output at Orcopampa and Tambomayo [6] - EBITDA for 2025 was $112 million, an 88% increase from $431.5 million in 2024 [6] - Net income for 2025 was $830 million, compared to $460 million in 2024, including $157.3 million from the sale of Chaupiloma [6] - The company ended the year with a cash position of $530 million and total debt of $710 million, resulting in a leverage ratio of 0.22 times [7] Business Line Data and Key Metrics Changes - The company anticipates stable copper and silver production at El Brocal and Uchucchacua Yumpag, maintaining consistent output levels [8] - CapEx for 2025 is expected to be between $385 million and $415 million, with $200 million-$220 million allocated for sustaining CapEx [8] Market Data and Key Metrics Changes - The company received $98 million in dividends from its stake in Cerro Verde after the quarter ended [7] - The board approved a dividend of $0.9904 per share, totaling $1.135 per share at ADS over the past 12 months [7] Company Strategy and Development Direction - San Gabriel is expected to become the main gold-producing asset, playing a key role in the long-term growth strategy [8] - The company is focusing on exploration investments to reinforce reserves and resources while enhancing operational efficiency [13] Management Comments on Operating Environment and Future Outlook - Management highlighted a supportive environment for exploration investments and a strong cash flow generation [13] - The company is transitioning San Gabriel from project execution to ramp-up, aiming for stable production of 2,000 tons per day by the third quarter of 2026 [12] Other Important Information - The company produced its first gold bar at San Gabriel and received the initial operating permit [10] - The water license is expected in the coming weeks [11] Q&A Session Summary Question: CapEx increase and reasons behind it - Management explained that the increase in CapEx is primarily due to pending works related to earthworks and ramp-up of the San Gabriel project [15][16] Question: Lower production guidance for San Gabriel - Management indicated that the lower guidance is due to pending construction and permitting issues, as well as the need to improve ventilation systems [19][22] Question: Exploration and G&A guidance for 2026 - Management expects G&A for 2026 to be around $60 million-$70 million, with exploration budget increased to $90 million-$100 million [30][31] Question: Status of asset sales and Coimolache sulfides study - Management confirmed that they are analyzing the feasibility of selling certain mines and expect to provide updates on the Coimolache study in the first half of the year [34][61] Question: Dividend payment timeline - The dividend payment is expected in April, with $200 million in dividends from Cerro Verde anticipated throughout the year [67]

Exon Mobile beating on both the top and the bottom lines. Joining us right now for an exclusive interview is Exxon Mobile's chairman and CEO, Darren Woods. Darren, welcome.Um, it's great to see you this morning. We know oil prices have been down, but how has Exxon been mo operating under those uh lower oil prices. >> Well, I think we had a, as you saw in the quarter, really strong quarter which topped off a really strong year as you said, oil prices down, commodity prices down across the year.That took abou ...

Financial Data and Key Metrics Changes - In 2025, the company achieved production levels that exceeded guidance, with a year-end production of 182,000 barrels of oil equivalent per day, while projecting a decrease to 171,000 barrels of oil equivalent per day for 2026 [10][11] - Lease operating expenses were reduced by 20% year-over-year, and capital expenditures were kept below guidance due to efficiency gains [6][10] - The company reported an 80% success rate in exploration efforts for 2025 [14] Business Line Data and Key Metrics Changes - The Eagle Ford Shale production is expected to remain flat in 2026 with a 25% reduction in capital spending [11] - The Tupper Montney natural gas volumes are projected to decrease due to higher gas prices leading to increased royalties, but the cash flow impact is expected to be muted [10][11] Market Data and Key Metrics Changes - The company is expanding its exploration portfolio with new blocks in the Gulf of America and an entry into offshore Morocco, indicating a proactive approach to securing new opportunities [12][13] - The average reserve life in the industry is noted to be 12 years, with a focus on maintaining a solid balance sheet and low leverage ratio [13] Company Strategy and Development Direction - The company plans to strategically invest in development, exploration, and appraisal activities in the Gulf of America, Vietnam, and Côte d'Ivoire to enhance shareholder value in the mid to long term [9][14] - The focus is on intentional investments that set the groundwork for growth beyond the next few quarters, differentiating the company from its peers [10][14] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the unpredictable market environment and softening commodity prices but expressed confidence in the company's positioning to withstand downturns [10][14] - The company anticipates modest growth in production profiles, particularly from the growing Vietnam business, while maintaining a cautious approach to capital expenditures [50][51] Other Important Information - The Hai Su Vang appraisal well reported a successful result with 429 feet of net oil pay, significantly above initial estimates, indicating potential for a new growth business in Vietnam [8][9] - The company is cautious about providing specific resource estimates until further appraisal wells are completed [40][41] Q&A Session Summary Question: Inquiry about Hai Su Vang 2X stem test and 2026 CapEx flexibility - Management confirmed that the 12,000 barrels per day production rate is not facility-constrained and discussed the flexibility of 2026 CapEx, indicating a potential 10% reduction if necessary [19][23][29] Question: Details on Civette drilling failure and its impact on future prospects - Management explained that the Civette well tested multiple objectives but did not yield commercial quantities of oil, emphasizing that this does not affect the probability of success for Caracal and Bubal prospects [33][36] Question: Expectations for Vietnam's production growth - Management projected that peak production from Hai Su Vang could occur by 2033, with ongoing appraisal wells expected to provide more clarity on resource estimates [115] Question: Clarification on royalty mechanisms in Tupper Montney - Management detailed that the royalty rate is a sliding scale based on commodity prices, projecting an increase from 4.6% in 2025 to approximately 8.4% in 2026 [62] Question: Plans for Morocco exploration - Management expressed excitement about the Morocco entry, highlighting the low cost of entry and existing seismic data that will be reprocessed to assess prospectivity [86][87]

YesThe Rabbit Hole (@TheRabbitHole):“One of the sad signs of our times is that we have demonized those who produce, subsidized those who refuse to produce, and canonized those who complain.”— Thomas Sowell https://t.co/1Dci8grbHU ...

Yes, but:(1) Relative strength is critical because the US business model is issuance of the global reserve currency. Losing relative status means losing that.(2) Much of the US economy is fake & financialized. Look at the debt and production graphs.https://t.co/rhWLOzMui5Inev May (@InevMay):@balajis You might be right but this graph is misleading. If you look at the USA for example, its proportion of global economy has shrank (% on the graph), but the actual volume of its "piece of the pie" has increased. ...

Variable costs move with production, while fixed costs stay steady. The mix between the two affects everything from pricing to profit margins. Here’s how businesses find the right balance:https://t.co/jZMpiUKfFM https://t.co/4PdNTbvdUc ...

OPEC+ Strategy & Rationale - OPEC+ brought back 137,000 barrels a day to the market as expected but decided to hold off on further increases for the first three months of next year [1] - OPEC's rationale is based on monitoring the market and digesting customer demand [2] - The decision to hold off on further increases may be influenced by Russia's production capabilities due to sanctions on Rosneft and Lukoil [3][4] Market Dynamics & Oversupply Concerns - The market is moving towards an oversupplied state, despite OPEC+ increasing output since earlier this year [5] - Chinese buying, which previously helped absorb increased output, may slow down going into 2026 [6] - US output has remained strong despite WTI being in the low $60 range [7][12] Chinese Demand & Economic Factors - Analysts are watching refinery run rates and teapot purchases to determine if Chinese demand is faltering [8] - Industrial output from China needs to be monitored to assess the overall Chinese economy [9] - EV sales in China are strong, suggesting that long-term gasoline demand may not grow as it has in the past [10] - China's industrial and economic growth has not met expectations, and has not significantly pushed up oil demand [11]