Reliance on cheap gas has been a “double-edged sword” for Mexico, says a consultancy. It has left the country exposed to price swings—and behind its peers in the transition to renewable energy https://t.co/ufCkDplxIZ ...

Core Viewpoint - Southwest Gas Holdings has successfully completed the public offering of Centuri Holdings, selling 27,362,210 shares at $19.60 per share, resulting in net proceeds of approximately $525 million, and has exited its investment in Centuri [1][2][3]. Group 1: Financial Impact - The company received net proceeds of approximately $525 million from the offering after deducting underwriter's discounts and commissions [2]. - Following the offering, Southwest Gas Holdings has no remaining shares of Centuri's common stock [2]. Group 2: Strategic Transformation - The exit from Centuri positions Southwest Gas Holdings as a fully regulated natural gas company, enhancing transparency and aligning with long-term value creation in the utility sector [3]. - The company has fully repaid all holding company debt, including a term loan, and has about $600 million in cash on hand, providing significant financial flexibility for future capital investments [3]. Group 3: Future Plans - The resources from the offering are expected to primarily support future capital investments at Southwest Gas Corporation, including a potential expansion of Great Basin Gas Transmission Company in 2028 [3].

Market Dynamics - Woodside Energy downplays concerns about decreased Asian liquefied natural gas demand following Gazprom's announcement of the Power of Siberia 2 pipeline to China [1]

Energy Industry Dynamics - Russia's potential pipeline deal with China could reshape its energy future and the global gas trade [1]

Energy Security - Germany has reached a critical gas reserve storage level ahead of schedule, specifically two months early [1] - This achievement alleviates concerns regarding potential heating shortages during the winter season [1]

SNC Investment Highlights - SNC shares offer an attractive dividend yield of 6.3% (8.5% grossed up for franking)[15] - The SNC portfolio can be acquired at a 9.8% discount to its Net Tangible Assets (NTA)[11, 15] - As of July 31, 2025, the company possesses solid profits reserves and franking credits amounting to 42.7 cents per share[11] - SNC has paid and announced 65.8 cents per share in dividends and 24.9 cents per share in imputation credits since its inception[18] SNC Performance - SNC's gross performance to July 31, 2025, shows a 1-year return of 19.0%, a 3-year return of 13.8% per annum, and a since-inception annualized return of 9.9%[22] - SNC's investment selection and portfolio discipline are highlighted by a win/loss ratio of approximately 70%[24] - SNC's gross performance in rising markets averaged 2.9%, while in falling markets, it averaged -3.3% since inception[26] Portfolio Companies - Carbon Conscious Investments Ltd (CCIL) manages large-scale projects of approximately 17,000 hectares[28] - SNC received a fully franked dividend of $720,000 from CCIL in February 2025 and currently holds approximately $1.7 million in cash[30] - QPM Energy Ltd (QPM) has gas reserves exceeding 400PJ and an enterprise value of $143.8 million[31]

Market Performance - The three major A-share indices collectively closed higher, with the Shanghai Composite Index rising by 1.45%, the Shenzhen Component Index increasing by 2.07%, and the ChiNext Index up by 3.36% [2] - The North Stock 50 index saw a gain of 0.69% [2] - The total trading volume in the Shanghai and Shenzhen markets reached 25,788 billion yuan, an increase of 872 billion yuan compared to the previous day [2] Sector Performance - Over 2,800 stocks in the market experienced an increase [2] - The semiconductor sector showed strong performance, with stocks such as Shengmei Shanghai, Haiguang Information, Hanwha, and Chengdu Huamei hitting the daily limit of 20% [2] - The securities sector also performed well, with Everbright Securities and Xinda Securities reaching their daily limit [2] - The CPO sector saw gains, with stocks like Founder Technology and Xuguang Electronics hitting the daily limit [2] - Conversely, the dairy sector weakened, with Keta Bio falling nearly 4% [2] - The gas sector also declined, with Hongtong Gas dropping over 2% [2]

Market Overview - The three major A-share indices collectively rose on the 22nd, with the Shanghai Composite Index increasing by 0.67%, approaching 3800 points, the Shenzhen Component Index rising by 1.32%, and the ChiNext Index up by 2.56% [2] - The North China 50 Index also saw a gain of 0.50% [2] - The total trading volume in the Shanghai and Shenzhen markets reached 15,307 billion yuan, a decrease of 606 billion yuan compared to the previous day [2] Stock Performance - Over 1900 stocks in the market experienced an increase [2] - The semiconductor sector showed strong performance, with stocks like Shengmei Shanghai hitting the daily limit, and Haiguang Information, Hanwha Technology, and Shengke Communication rising over 10% [2] - The securities sector also performed well, with Xinda Securities reaching the daily limit [2] - The CPO sector saw gains, with Fangzheng Technology and Zhishang Technology hitting the daily limit [2] - Conversely, the dairy sector weakened, with Keta Bio falling over 4% [2] - The gas sector also declined, with Hongtong Gas dropping over 3% [2]

Market Overview - The A-share market saw all three major indices close higher on August 12, with the Shanghai Composite Index rising by 0.50%, the Shenzhen Component Index by 0.53%, and the ChiNext Index by 1.24%. The North Star 50 Index, however, fell by 0.62% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.9052 trillion yuan, an increase of 55.3 billion yuan compared to the previous day, with over 2,000 stocks rising across the market [1] Sector Performance - The gas, photolithography, and brain-computer interface sectors experienced gains, while the energy metals and military equipment sectors underwent adjustments [3] - The photolithography sector led with a rise of 2.26%, followed closely by the brain-computer interface sector at 2.37%. The liquid cooling server sector increased by 1.46%, while the military sector declined by 0.59% [4] - Notable stocks included Oriental Hanyu, Xinjiang Torch, and Hongtong Gas, which all hit the daily limit up, while energy metal stocks like Yongshan Lithium and Rongjie shares fell nearly 4% [4] Local Stocks - Local stocks in Xinjiang saw a resurgence, with Ba Yi Steel, Beixin Road and Bridge, Xinjiang Communications Construction, and Xinjiang Torch all achieving three consecutive limit-up days. Hongtong Gas recorded five limit-ups in six days [6]

New ‘Well To Water’ Gas Company Integrates From Fracking To LNG Exportshttps://t.co/qVmGVIV4JI https://t.co/PhKd0NEobB ...