Core Insights - Energy Transfer (ET) is currently trading below its 50-day simple moving average (SMA), indicating a short-term bearish trend, with a stock price of $16.39 as of December 24, 2025, down 23.6% from its 52-week high of $21.45 [1][7] - Over the past six months, ET units have declined by 6.4%, which is worse than the Zacks Oil and Gas - Production Pipeline - MLB industry's loss of 1.7% [5] - The company generates 90% of its revenue from fee-based contracts, which limits its exposure to commodity price fluctuations [7][12] Company Overview - Energy Transfer operates over 140,000 miles of pipelines and related infrastructure across 44 U.S. states, with a diversified asset portfolio that supports stable earnings [10][11] - The firm plans to invest $4.6 billion in growth projects in 2025 to further enhance its asset base [10] - Energy Transfer is a leading exporter of liquefied petroleum gas and is expanding its natural gas liquids (NGL) export facilities to meet rising global demand [8] Financial Performance - The Zacks Consensus Estimate for Energy Transfer's earnings per unit indicates year-over-year growth of 3.91% for 2025 and 15.25% for 2026 [17] - The current quarterly cash distribution rate is 33.25 cents per common unit, with a distribution yield of 8.11%, outperforming the industry average of 6.21% [24] - Energy Transfer's trailing 12-month return on equity (ROE) is 10.71%, which is lower than the industry average of 13.28% [25] Market Position - ET's current trailing 12-month Enterprise Value/Earnings before Interest Tax Depreciation and Amortization (EV/EBITDA) is 8.9X, compared to the industry average of 10.53X, indicating that ET is trading at a discount relative to its peers [21] - The company has contracted over 6 billion cubic feet per day (Bcf/d) of pipeline capacity under agreements with a weighted average term of 18 years, expected to generate over $25 billion in firm transportation fee revenues [13][15]

Core Viewpoint - The domestic futures market for crude oil and related products experienced a decline on December 9, with significant drops in prices across various contracts, indicating a bearish trend in the market. Group 1: Price Movements - As of December 9, the main crude oil futures contract fell by 2.32% to 445.80 CNY per barrel [1] - The main fuel oil futures contract decreased by 2.67% to 2410.00 CNY per ton [1] - The low-sulfur fuel oil futures contract dropped by 2.09% to 3002.00 CNY per ton [1] - The liquefied petroleum gas (LPG) futures contract declined by 1.02% to 4261.00 CNY per ton [1] Group 2: Futures Price Data - The opening price for SC crude oil was 451.60 CNY, with a previous close of 457.60 CNY and a last settlement price of 456.40 CNY [2] - The fuel oil opened at 2470.00 CNY, with a previous close of 2508.00 CNY and a last settlement price of 2476.00 CNY [2] - The asphalt futures opened at 2940.00 CNY, with a previous close of 2959.00 CNY and a last settlement price of 2955.00 CNY [2] - The LPG opened at 4283.00 CNY, with a previous close of 4291.00 CNY and a last settlement price of 4305.00 CNY [2] - The low-sulfur fuel oil opened at 3035.00 CNY, with a previous close of 3089.00 CNY and a last settlement price of 3066.00 CNY [2] Group 3: Inventory Data - As of December 8, the inventory data showed that the futures warehouse receipts for asphalt remained unchanged at 1370 tons, while the warehouse receipts for asphalt decreased by 2000 tons to 2690 tons [3] - The futures warehouse receipts for fuel oil remained at 26090 tons [3] - The low-sulfur fuel oil warehouse receipts remained unchanged at 370 tons [3] - The medium-sulfur crude oil futures warehouse receipts were stable at 3,464,000 barrels [3] - The LPG futures warehouse receipts remained at 4194 lots [3] Group 4: Basis Data - The basis data indicated a phenomenon of "backwardation" for fuel oil, LPG, and low-sulfur fuel oil, where spot prices exceeded futures prices [3] - The basis for fuel oil was 2861 CNY with a basis rate of 53.60% [3] - The basis for asphalt was -11 CNY with a basis rate of -0.37% [3] - The basis for LPG was 298 CNY with a basis rate of 6.58% [3] - The basis for low-sulfur fuel oil was 26 CNY with a basis rate of 0.82% [3]

Core Insights - The Oil and Gas Development Company (OGDCL) has commenced oil production from the Pasakhi-14 well in Hyderabad district, Sindh, Pakistan, producing 1,100 barrels of oil per day, which supports the company's strategy for exploration and national energy security [1][3] Company Operations - OGDCL holds a 100% working interest in the Pasakhi and Pasakhi North Development and Production Lease, with the Pasakhi-14 well drilled to a depth of 2,183 meters targeting the upper sands of the Lower Goru formation [2] - The company employed advanced drilling technologies including a Rotary Steerable System (RSS), Electromagnetic Measurement While Drilling (MWD), and a nitrified mud system for the drilling of Pasakhi-14, marking the first use of a nitrified mud system to enhance directional control and formation integrity [2][3] - The well is equipped with electric submersible pump technology to facilitate production [3] Strategic Developments - The addition of Pasakhi-14 aligns with OGDCL's strategy of focused exploration, efficient drilling, and production optimization to meet the energy security needs of Pakistan [3] - In the previous year, OGDCL began production at Kunnar West Well-3, which produces 3.5 million cubic feet of gas, 30 barrels of condensate, and 3.8 tonnes of liquefied petroleum gas daily [5] - Recently, OGDCL and its joint venture partners secured a provisional award for eight exploration blocks offshore Pakistan following a government-led competitive bidding round [6]

Core Insights - Indian state refiners have awarded their first joint, long-term tenders to Chevron, Phillips 66, and TotalEnergies for the import of U.S. liquefied petroleum gas (LPG) in 2026 [1] Group 1: Companies Involved - Chevron, Phillips 66, and TotalEnergies are the companies awarded the tenders for importing U.S. LPG [1] - This marks a significant step for Indian state refiners in securing long-term supply agreements [1] Group 2: Industry Implications - The awarding of these tenders indicates a growing reliance on U.S. liquefied petroleum gas by Indian refiners [1] - This move may enhance energy security for India as it diversifies its sources of LPG imports [1]

Group 1: Skillsoft Corp. (SKIL) - Skillsoft is an instructor-led training services company with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 240.9% over the last 60 days [1] - Skillsoft has a PEG ratio of 0.36 compared to the industry average of 0.98, and it possesses a Growth Score of B [1] Group 2: Micron Technology, Inc. (MU) - Micron Technology is a memory and storage products company with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 24.4% over the last 60 days [2] - Micron has a PEG ratio of 0.51 compared to the industry average of 1.45, and it possesses a Growth Score of A [2] Group 3: Ultrapar Participaçoes S.A. (UGP) - Ultrapar is a distributor of liquefied petroleum gas, gasoline, ethanol, diesel, fuel oil, and kerosene with a Zacks Rank 1 [3] - The Zacks Consensus Estimate for its current year earnings has increased by 51.9% over the last 60 days [3] - Ultrapar has a PEG ratio of 1.96 compared to the industry average of 2.44, and it possesses a Growth Score of A [3]

Group 1: Khor Mor Gas Expansion Project - Dana Gas and Crescent Petroleum have commenced gas sales from the Khor Mor gas expansion project in the Kurdistan Region of Iraq, completing the project eight months ahead of schedule [1] - The KM250 project adds 250 million standard cubic feet per day (MMscf/d) of capacity, increasing total output to 750 MMscf/d, along with producing 7,000 barrels per day of condensate and 460 tonnes per day of liquefied petroleum gas [1] - The Khor Mor site currently meets around 80% of the Kurdistan Region's power needs, with a total financing of US$1.1 billion for the expansion project [1] Group 2: Geopolitical Context - The West is aiming to re-establish influence in Iraq, particularly to reduce Iran's longstanding dominance, with major U.S. and European oil and gas companies returning to the region [2] - The strategy includes fostering closer cooperation between the Federal Government of Iraq and the Kurdistan Region, with a focus on reducing ties with Chinese, Russian, and Iranian companies [3] - The UAE's cooperation is seen as crucial for the success of Western strategies in the Middle East, especially in light of its previous concerns regarding China's influence in the region [4]

Group 1: Skillsoft Corp. (SKIL) - Skillsoft is an instructor-led training services company with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 240.9% over the last 60 days [1] - The company has a PEG ratio of 0.51, compared to 0.96 for the industry, and possesses a Growth Score of B [1] Group 2: Construction Partners, Inc. (ROAD) - Construction Partners is a civil infrastructure company with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its next year earnings has increased nearly 2% over the last 60 days [2] - The company has a PEG ratio of 1.03, compared to 1.71 for the industry, and possesses a Growth Score of B [2] Group 3: Ultrapar Participaçoes S.A. (UGP) - Ultrapar is a distributor of liquefied petroleum gas, gasoline, ethanol, diesel, fuel oil, and kerosene with a Zacks Rank 1 [3] - The Zacks Consensus Estimate for its current year earnings has increased by 33.3% over the last 60 days [3] - The company has a PEG ratio of 1.97, compared to 2.56 for the industry, and possesses a Growth Score of A [3]

Group 1: Skillsoft Corp. (SKIL) - Skillsoft is an instructor-led training services company with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 240.9% over the last 60 days [1] - The company has a PEG ratio of 0.47 compared to the industry average of 0.93 and possesses a Growth Score of B [1] Group 2: Lam Research Corporation (LRCX) - Lam Research manufactures and services semiconductor equipment and holds a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased nearly 3% over the last 60 days [2] - The company has a PEG ratio of 1.72 compared to the industry average of 3.41 and possesses a Growth Score of B [2] Group 3: Ultrapar Participaçoes S.A. (UGP) - Ultrapar is a distributor of liquefied petroleum gas, gasoline, ethanol, diesel, fuel oil, and kerosene, with a Zacks Rank 1 [3] - The Zacks Consensus Estimate for its current year earnings has increased by 33.3% over the last 60 days [3] - The company has a PEG ratio of 2.01 compared to the industry average of 2.56 and possesses a Growth Score of A [3]

Core Insights - Three stocks with strong growth characteristics and buy ranks are highlighted for investors: Ultrapar Participacoes, Skillsoft, and Western Digital [1][2][3] Group 1: Ultrapar Participacoes (UGP) - Ultrapar Participacoes is a major Brazilian industrial group, one of the largest distributors of liquefied petroleum gas in Brazil, and a leading producer of petrochemicals [1] - The company has a Zacks Rank of 1 (Strong Buy) and has seen a 33.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Ultrapar has a PEG ratio of 1.98, which is lower than the industry average of 2.56, and possesses a Growth Score of A [2] Group 2: Skillsoft (SKIL) - Skillsoft provides digital learning, training, and talent solutions and also carries a Zacks Rank of 1 [2] - The company has experienced a significant increase of 240.9% in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Skillsoft has a PEG ratio of 0.43, compared to the industry average of 0.99, and holds a Growth Score of B [2] Group 3: Western Digital (WDC) - Western Digital is a leading developer and manufacturer of data storage devices and solutions based on NAND flash and hard disk drive technologies [3] - The company has a Zacks Rank of 1 and has seen a 1.9% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3] - Western Digital has a PEG ratio of 0.98, significantly lower than the industry average of 2.31, and possesses a Growth Score of B [3]

Core Insights - Three stocks with strong growth characteristics and buy ranks are highlighted for investors: Ultrapar Participacoes, Skillsoft, and Seagate Technology [1][2][3] Group 1: Ultrapar Participacoes (UGP) - Ultrapar Participacoes is a major Brazilian industrial group, one of the largest distributors of liquefied petroleum gas in Brazil, and a leading producer of petrochemicals [1] - The company has a Zacks Rank of 1 (Strong Buy) and has seen a 33.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Ultrapar has a PEG ratio of 11.13, which is lower than the industry average of 18.70, and possesses a Growth Score of A [2] Group 2: Skillsoft (SKIL) - Skillsoft provides digital learning, training, and talent solutions and also carries a Zacks Rank of 1 [2] - The company has experienced a significant increase of 240.9% in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Skillsoft has a PEG ratio of 0.40, compared to the industry average of 0.78, and holds a Growth Score of B [2] Group 3: Seagate Technology (STX) - Seagate Technology specializes in data storage technology and infrastructure solutions, holding a Zacks Rank of 1 [3] - The company has seen a 4% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3] - Seagate has a PEG ratio of 0.87, which is lower than the industry average of 1.35, and possesses a Growth Score of B [3]