Group 1 - Expand Energy expects U.S. Gulf Coast LNG export capacity to double to approximately 28 billion cubic feet (bcf) a day by 2030 [1]

Industry Overview - The U.S. Energy Department's natural gas storage report indicated an injection of 75 billion cubic feet (Bcf), aligning with market expectations and close to the five-year average [3] - Total natural gas stocks reached 3,508 Bcf, which is 22 Bcf (0.6%) above the 2024 level and 203 Bcf (6.1%) higher than the five-year average [3] - Natural gas supply averaged 111.7 Bcf per day, showing a slight decrease of 0.1 Bcf per day, while consumption rose to 101.3 Bcf, driven by stronger power demand due to warmer weather [4] Price Movement - Natural gas futures closed at $3.206, marking a roughly 10% increase for the week, supported by stronger LNG flows and a temporary reduction in domestic production [5][10] - Despite mild early-October weather keeping heating demand subdued, the market showed resilience, indicating a strong outlook as it approaches winter [6] Future Outlook - Analysts project a constructive outlook for natural gas, citing robust industrial demand, expanding LNG export capacity, and the potential for a colder winter as key price catalysts [7] - The sector is expected to offer stability and upside potential as it nears peak winter months, with structural drivers like resilient production and strong exports supporting this trend [7] Recommended Stocks - The Williams Companies is well-positioned to benefit from long-term U.S. natural gas demand growth, with a significant portfolio of large-scale projects and an extensive network [11] - Expand Energy, as the largest natural gas producer in the U.S., is poised to capitalize on increasing demand driven by LNG exports and electrification trends [12] - Coterra Energy focuses on natural gas exploration and production, with a significant share of natural gas in its overall production, primarily from the Marcellus Shale [13]

Core Insights - AI stocks are currently attracting significant investor interest due to their potential impact on various industries and strong growth prospects [1][2] - There is a growing concern regarding the valuations of AI stocks, with some analysts suggesting that the market may be overly aggressive in its pricing [2][3] - Specific companies like Oracle and Broadcom are being highlighted as key players in the AI and cloud sectors, potentially warranting inclusion in elite stock groups [2] AI and Technology Sector - AI stocks are capturing investor imagination, with strong growth reported in the sector [1] - Market nervousness is evident regarding the stretched valuations of AI stocks, leading to a cautious outlook despite bullish sentiments on certain themes [2][3] - The AI power generation trade is viewed as a reliable investment, although there are concerns about the tactical valuations being high [3] Energy Sector - Baker Hughes Co (NASDAQ:BKR) is noted for its strong recovery and demand in power-generation solutions, despite recent oil price declines [8][7] - EQT Corp (NYSE:EQT) is positioned to benefit from rising energy demand driven by AI and data centers, being the largest gas producer in the US [10][11] Entertainment Sector - Walt Disney Co (NYSE:DIS) faces challenges with its ABC network, which is negatively impacting its growth; shutting down ABC could unlock significant value [13][14] - Netflix Inc (NASDAQ:NFLX) is expected to see long-term growth due to its expanding content and advertising revenue, with analysts recommending significant positions during pullbacks [16][18] Automotive Sector - Tesla Inc (NASDAQ:TSLA) has faced a downgrade due to high earnings expectations and stock valuation concerns, particularly after the loss of emissions tax credit revenue [15] - Despite challenges, Tesla's advancements in AI technologies and the rollout of its robotaxi business are seen as potential growth drivers [15]

Core Viewpoint - The European Union's proposed ban on Russian liquefied natural gas (LNG) imports could lead to a redirection of shipments to other regions, such as Turkey and India, as TotalEnergies' CEO suggests that the Yamal LNG facility may not face sanctions despite the ban [1][2][4]. Group 1: Company Insights - TotalEnergies holds a long-term contract for 5 million tonnes of LNG from the Yamal facility, with 2 million tonnes designated for Europe, 2 million tonnes for Asia, and 1 million tonnes not geographically linked [8]. - The CEO of TotalEnergies indicated that if sanctions are imposed on the Yamal facility, the company would need to halt deliveries and invoke force majeure [6]. - TotalEnergies is a shareholder in the Novatek-led Yamal LNG plant, which is currently not under restrictions unlike newer projects in Russia [1]. Group 2: Industry Context - The EU's proposed ban on Russian LNG imports is part of a broader sanctions package aimed at phasing out Russian fossil fuels due to the ongoing conflict in Ukraine [4]. - European gas traders are closely monitoring the situation, as further sanctions could heighten global competition for LNG cargoes, potentially driving prices up in the short term [7]. - The market is expected to be well supplied with alternatives to Russian gas by 2027, 2028, and 2029, according to industry insights [9].

Core Insights - The article emphasizes the effectiveness of investing in dividend growth stocks and reinvesting dividends as a strategy for long-term wealth growth [1] Group 1: Investment Strategy - The individual investor has explored various investment styles over 25 years, concluding that dividend growth stocks are a reliable method for wealth accumulation [1] - The investor operates a blog focused on S&P Dividend Aristocrats and other dividend growth stocks, indicating a commitment to sharing knowledge in this investment area [1] Group 2: Investment Vehicles - The investor has experience with a range of investment vehicles, including stocks, options, ETFs, treasury notes, and mutual funds, showcasing a diverse investment background [1]

(v) This author is a registered US equity research analyst who is subject to US FINRA Rule 2241 and who may write debt research under FINRA Rule 2242. Please see analyst certifications and important disclosures beginning on page 22. Completed: 24-Sep-25, 22:15 GMT Released: 25-Sep-25, 04:00 GMT Restricted - External SIGNATURE Equity Research 25 September 2025 Equity Strategy Lost My Chain-of-Thought: Could the AI narrative stumble? We remain constructive on AI as an investment theme, but explore some 'what- ...

China’s imports of liquefied natural gas in September are poised to drop more than a fifth from a year ago, extending a slump in purchases as domestic supplies and piped flows remain robust. https://t.co/gdTwhkrove ...

Core Viewpoint - Growth stocks are regaining popularity among investors due to decreased market volatility and optimism surrounding artificial intelligence and economic conditions, with the S&P 500 recovering all losses from previous trade tariff shocks [2][3] Group 1: Market Trends - The Cboe Volatility Index has decreased from a peak of 60 in April to 17, indicating market stabilization [2] - U.S. small-cap equities have slightly outperformed European counterparts, with the S&P 500 increasing by 7% in the last quarter [3] - Weekly inflows into U.S. stock funds reached approximately $58 billion, marking a year-to-date high and reflecting strong investor demand [3] Group 2: Investment Methodology - The evaluation of companies for potential doubling in value over the next five years is based on current-year EPS growth, five-year EPS growth, and hedge fund sentiment [5] - Hedge fund sentiment is gauged using Q2 2025 13F filings from over 900 hedge funds, focusing on companies with significant earnings growth and growing institutional interest [5] Group 3: Featured Stocks Flutter Entertainment plc (NYSE:FLUT) - Flutter has 87 hedge fund holders, with an EPS growth this year of 3,498.60% and expected 5-year EPS growth of 154.77% [7] - The company reported a strong Q2 2025 performance with 15.63% year-over-year revenue growth to $14.89 billion and EBITDA of $2.2 billion [10] - Flutter is expanding its operations in the U.S. and strengthening its international positions, supported by innovations and strategic acquisitions [9][11] Carvana Co. (NYSE:CVNA) - Carvana has 91 hedge fund holders, with an EPS growth this year of 216.91% and expected 5-year EPS growth of 51.40% [12] - The company raised its price target to $425, citing strong fundamentals and market share expansion despite facing challenges [13] - Carvana operates an online marketplace for buying and selling used automobiles, offering various services including financing and logistics [14] EQT Corporation (NYSE:EQT) - EQT has 96 hedge fund holders, with an EPS growth this year of 609.89% and expected 5-year EPS growth of 51.40% [15] - The company announced the sale of GlobalConnect, expected to be valued at approximately €8 billion, reinforcing its growth potential [16] - EQT produces and transmits natural gas and liquids in the Appalachian Basin, benefiting from favorable pricing conditions and strong financial health [17]

Core Insights - Natural gas is currently trading in a sideways range around $3.20, but significant price movements are anticipated as winter progresses [1][4]. Price Levels - Upside targets for natural gas are projected between $4.50 and $5.00, with a potential spike towards $6 if certain catalysts materialize [4]. - The downside support level is approximately $2.85, indicating a near-term floor for prices [4]. - The current trading range is around $3.20, reflecting a "shoulder season" lull between summer and winter demand [4]. Catalysts - Bullish drivers include colder-than-expected winter weather in the U.S., escalation of sanctions against Russia, energy supply disruptions in Europe, and rising demand from data centers and electricity generation, which accounts for 45% of U.S. power generation [5]. - Bearish drivers include a warmer winter leading to reduced heating demand and stable LNG exports without geopolitical shocks [3][8]. Trading Strategies - For traders seeking exposure, the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) is recommended as a short-term trading vehicle due to its 2x leverage [6]. - It is advised to use leveraged products like BOIL and its inverse counterpart, the ProShares UltraShort Bloomberg Natural Gas ETF (KOLD), tactically rather than as long-term investments [6]. - Diversified exposure can be achieved through Barchart's ETF Finder for Energy, which screens for ETFs focused on natural gas and energy equities [7]. Actionable Insights - Traders should monitor the downside of $2.85 against the upside potential of $4.50 to $6 [9]. - Weather patterns and geopolitical developments should be closely watched for potential market catalysts [9]. - Utilize futures, ETFs, and leveraged products for tactical trading strategies [9].

Core Viewpoint - BKV is experiencing a bullish rebound, breaking past a new buy point as oil prices have rallied, indicating potential growth in the natural gas sector [1]. Company Overview - BKV is a Denver-based company focused on U.S. onshore natural gas exploration, development, and production [1]. - The company operates four business lines: natural gas production, natural gas gathering, processing, and transportation, and power generation [1]. Market Performance - BKV stock is featured on Investor's Business Daily's IPO Leaders screen, highlighting its strong market performance [1]. - The stock has received a technical rating upgrade, indicating rising relative price strength [4].