Core Viewpoint - The conditions have been met for TotalEnergies to lift force majeure on its $20 billion liquefied natural gas (LNG) project in Mozambique [1] Group 1 - Mozambique President Daniel Chapo announced the lifting of force majeure for TotalEnergies' LNG project [1]

Core Insights - Cheniere Energy Partners, L.P. (NYSE:CQP) is recognized as one of the most profitable oil stocks currently available for investment [1] - The company offers a strong dividend yield of 6.05% and has secured long-term contracts, enhancing its position in the industry [2] - Management aims to generate over $25 billion in available cash by 2030 and achieve an annual run-rate of more than $25 per share in distributable cash flow [3] Company Overview - Cheniere Energy Partners, L.P. is a Texas-based provider of liquefied natural gas (LNG) to integrated energy companies, utilities, and energy trading companies, founded in 2003 [4]

Core Insights - Cheniere Energy, Inc. (NYSE:LNG) is recognized for its low beta, making it a stock that can outperform market volatility [1] - BMO Capital initiated coverage with a price target of $268 and an Outperform rating, highlighting Cheniere's expanding LNG export capacity as a key strength [1] - The company is viewed as a core long-term investment for energy infrastructure investors [1] Company Operations - Cheniere Energy, Inc. is an American provider of liquefied natural gas storage and transportation services, operating through subsidiaries such as Cheniere Marketing, LLC and Cheniere Energy Partners, L.P. [3] Financial Stability - BMO Capital emphasizes that Cheniere's operations are safeguarded by long-term take-or-pay contracts with an average remaining life of 16 years, providing excellent earnings visibility and risk mitigation [2] - These contracts create a balanced risk-reward profile, allowing for potential profits from favorable short-term price fluctuations in LNG [2]

Group 1: Stephen Curry's Career and Business Ventures - Stephen Curry is entering his 17th year in the NBA, emphasizing that work ethic has been his superpower throughout his career [1] - As a star guard for the Golden State Warriors, Curry holds the record for the most three-pointers in NBA history and has won four championships [2] - Curry's new book, "Shot Ready," details his journey and the importance of preparation and growth, highlighting that a strong work ethic is a universal philosophy [3] - Curry's company, Thirty Ink, generated $173.5 million in revenue in 2024, encompassing brands like Unanimous Media and Underrated Golf [3] Group 2: Leadership and Sports Influence - A 2023 Deloitte study indicates that 85% of women who played competitive sports believe the skills gained were crucial for their professional success [4] - Elena Gomez, president and CFO of Toast, shares how her basketball experience has shaped her leadership skills, particularly in scenario planning and adaptability [5][6] - Gomez emphasizes the importance of knowing when to take the lead or support others in a team setting, drawing parallels between sports and business leadership [7] Group 3: Economic Outlook and CFO Insights - The CFO Survey indicates a slight improvement in the outlook for the U.S. economy among finance chiefs in Q3 of 2025, with reduced uncertainty [9] - Concerns about tariffs remain the top issue for CFOs, with firms attributing nearly 40% of expected unit cost growth in 2025 and 2026 to tariffs [10][11] - The survey includes a diverse range of firms, from small businesses to Fortune 500 companies, across various industries [12] Group 4: McKinsey's Influence on Leadership - A new feature article discusses how McKinsey has shaped the leadership landscape, with 28 current Fortune 500 and Global 500 CEOs being former consultants [14] Group 5: Venture Global's Growth - Venture Global, a major exporter of liquefied natural gas, has experienced rapid growth, surprising industry analysts, and plans to continue expanding through the early 2030s [15]

Market Overview - U.S. stock index futures showed little change as investors awaited the Federal Reserve's monetary policy announcement after a two-day meeting [1] - The Fed is expected to reduce borrowing costs by at least 25 basis points, influenced by indicators of a weakening jobs market [1] Interest Rate Expectations - Market participants anticipate a total interest rate reduction of approximately 68 basis points by the end of the year, based on data from LSEG [2] - Investors are particularly focused on Chair Jerome Powell's speech and the "dot plot" projections to assess future rate cuts [2] Market Sentiment and Volatility - Any hawkish signals from the Fed could disrupt positive investor sentiment and lead to market volatility [3] - The recent rally in Wall Street, with the S&P 500 and Nasdaq reaching record highs, is being tested by the upcoming Fed meeting [4] Company-Specific Developments - New Fortress Energy's stock surged by 48% after securing a liquefied natural gas supply agreement with the Puerto Rican government [5] - Workday's shares increased by 5.6% following news that activist investor Elliott Management acquired a stake exceeding $2 billion in the company [5]

Group 1 - New Fortress Energy Inc. shares rose 41% to $2.82 in pre-market trading after announcing a long-term gas supply agreement with the Puerto Rican government [1] - The agreement involves the long-term supply of liquefied natural gas to Puerto Rico, reached with the Third-Party Procurement Office and the Puerto Rico Public-Private Partnerships Authority [1] Group 2 - SciSparc Ltd. shares gained 186.2% to $5.27 following a court-granted stay in merger proceedings with AutoMax Motors Ltd. [5] - Educational Development Corporation shares increased by 47.8% to $2.02 after gaining 8% on the previous day [5] - Presidio Property Trust, Inc. shares rose 47.5% to $9.00 after an 8% gain on Tuesday [5] - Oruka Therapeutics, Inc. shares gained 18.6% to $17.68 after disclosing positive interim Phase 1 results and announcing a $180 million private placement [5] - Baidu Inc. shares rose 8.5% to $134.31 after an 8% increase on Tuesday [5] Group 3 - Kindly MD, Inc. shares fell 6.7% to $1.60 as the company will redeem $203 million convertible debenture with a 1.5% payment premium [5] - Co-Diagnostics, Inc. shares dipped 29.2% to $0.4501 after an 80% jump on Tuesday due to a memorandum of understanding with a partner in Saudi Arabia [5] - FGI Industries Ltd. shares declined 25.7% to $7.05 after a 139% increase on Tuesday [5] - Turbo Energy, S.A. shares fell 24.1% to $9.41 after surging 359% on Tuesday due to a $53 million contract for energy storage projects in Spain [5]

Core Viewpoint - Puerto Rico has successfully negotiated a $4 billion liquefied natural gas contract with New Fortress Energy, as announced by Governor Jenniffer Gonzalez [1] Company Summary - New Fortress Energy is the company involved in the $4 billion liquefied natural gas contract with Puerto Rico [1]

Core Insights - Excelerate Energy, Inc. operates in the liquefied natural gas (LNG) sector, facing competition from several companies in the utilities market [1][6] - The company's Return on Invested Capital (ROIC) is 5.21%, which is below its Weighted Average Cost of Capital (WACC) of 7.17%, indicating inefficiency in capital utilization [2][6] - Excelerate Energy's ROIC/WACC ratio is 0.73, suggesting there is potential for improvement compared to its peers [5][6] Financial Performance - Excelerate Energy's ROIC of 5.21% is lower than its WACC of 7.17%, raising concerns about its ability to generate returns exceeding its capital costs [2][6] - Among peers, PNM Resources has a significantly negative ROIC of -122.19% against a WACC of 4.24%, indicating severe capital inefficiency [3] - Black Hills Corporation leads in capital efficiency with a ROIC of 4.87% and a WACC of 5.40%, resulting in a ROIC/WACC ratio of 0.90, the highest among competitors [3][5] Peer Comparison - IDACORP, Inc. has a ROIC of 3.66% and a WACC of 5.62%, leading to a ROIC/WACC ratio of 0.65, which is lower than Excelerate Energy's ratio [4] - Avista Corporation and Southwest Gas Holdings have ROIC/WACC ratios of 0.81 and 0.59, respectively, both lower than Excelerate Energy's [4] - Overall, while Excelerate Energy's performance is not the best, it is better than some peers, indicating room for improvement in capital efficiency [5]

Core Viewpoint - New Fortress Energy Inc. is entering restructuring talks due to prolonged project delays impacting its ability to cover debt costs, with advisers signing non-disclosure agreements to explore options for reducing debt and interest expenses [1] Group 1: Debt and Financial Status - The company is seeking a waiver from lenders as it anticipates not meeting requirements for a revolving loan for the quarter ending September 30, which could trigger accelerated repayments [2] - Trading activity in New Fortress' nearly $9 billion debt has increased, particularly ahead of an interest payment due on September 15 for a $237 million first-lien bond, which has seen its trading price drop significantly from 25 cents on the dollar to 11.2 cents [3] - Interest expenses for New Fortress have more than doubled to $420 million from $158 million for the six months ending June 30 compared to the previous year [4] Group 2: Advisory and Creditor Engagement - Various groups of New Fortress Energy debtholders have engaged multiple advisory firms, including Evercore Inc. and Akin Gump Strauss Hauer & Feld, while another group is advised by Paul Weiss Rifkind Wharton & Garrison and Perella Weinberg Partners [5]

Prime Minister Mark Carney wants to speed construction of a major expansion of LNG Canada, a large-scale liquefied natural gas export project on Canada’s west coast https://t.co/9l2OXYLNnZ ...