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The global demand for lithium metal is projected to rise 8.9 percent per year through 2019 to 49,350 metric tons. In lithium carbonate equivalent (LCE) terms, the value of the global lithium market is projected to reach $1.7 billion
Leaders in the lithium mining markets are aiming to capitalize on this momentum via expansion of mining operations to advance extraction efforts. According to research group Freedonia Group, World Lithium growth will be driven by rapid expansion in the lithium-ion battery industry as world demand for hybrid and electric vehicles, energy storage systems, and high-drain portable electronics continues to grow.
Ramp up in Lithium-ion battery production due to rapidly grown global demand has driven lithium prices to an all time high.
I? don’t have the link but name change was delayed due to filings as per FINRA if I’m not mistaken. Anyone else?
Nice to see some updates on this one. Adding some here.
$BAYP - reads very good!
Caterpillar (CAT -0.7%) and China Energy Investment also signed a five-year deal that outlined future agreements for mining equipment sales and rentals; no investment figure was provided.
The agreements were made as part of Pres. Trump’s visit to China this week.
Cheniere Energy (LNG +0.1%) has signed an $11B memorandum of understanding on long-term sales of liquefied natural gas to China National Petroleum (PTR +0.5%), the U.S. State Department says.
I don’t know about the whys. But this has taken way to long. The market has clearly spoken on that side. Will post anything I? hear.
The contracts include market-indexed dayrates and the estimated backlog is subject to change based on market conditions.
The contracts are for a period of ten years and the total additional backlog for the new contract awards is estimated at $1.4 billion, excluding performance bonuses.
In April, North Atlantic Drilling announced the contract rewards and extensions for the jack-ups West Elara and West Linus with ConocoPhillips (COP), for work in the greater Ekofisk Area.
Many of these rigs were scheduled to come off of their previous contracts and were also due for their five-year classification surveys. When we consider the oversupplied market and the low dayrates being awarded to those drilling rigs that are able to receive contracts, it is much more economical to scrap these rigs than for the owner to pay in excess of $100 million to perform those surveys.
We can expect this increased rate of rig scrapping to continue going forward as older drilling rigs continue to come off of their current contracts. This will have the effect of steadily reducing the supply of rigs in the market as thus reducing the current oversupply.
As Seadrill pointed out in its fourth quarter 2016 and first quarter 2017 results, the offshore drilling market has begun to improve, albeit slowly.
As was expected, offshore drilling companies around the world have begun scrapping the older drilling rigs in their fleets, especially those that are 25 years of age or older.
Revenue of $16.6M (+112.3% Y/Y) beats by $0.39M.
Ring Energy (NYSEMKT:REI): Q3 EPS of $0.06 beats by $0.02.
Just seems they are butting heads regardless and haven’t wanted to compromise, which is the most frustrating. Let’s hope they do what’s best for America instead of individual party as this would be a big win for America.
Speaking of politics: Think we may see bi partisan support behind a US infrastructure bill?
Increased free cash flow gives the company an enhanced ability to distribute dividends to shareholders and increase the payout in the future.
Compared to its Price to Free Cash Flow Ratio, Valero has become undervalued relative to the free cash flow it produces.
Over the past year, Valero has been able to increase its free cash flow considerably which has, and will, increase shareholder value.
Some of the best hopes and dreams never materialize so we have to keep that in mind. But the timing and climate is right for this type of play.
US demand for asphalt will rise 3.0% yearly to 27.6 million tons in 2021.
Vision yes. But execution is what is required.
Solid steady growth of numbers.
Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17
1,174 1,668 1,225 1,525 1,263 1,395
Seems Market is getting ready for strong boom prospects in roads.
COP also cuts its estimate of how much it needs to spend each year to keep production flat to $3.5B from $4.5B, and the amount the company needs to spend to keep its various elements of production flat now averages less than $11/bbl.
"Conoco's progress to date is undeniable," Bloomberg's Liam Denning summarizes. "And with the oil market's horizon distinctly hazy, investors should be pleased with this new road-map."
"We can sustain our production, pay our dividend, below $40/bbl," Lance told CNBC today. "That's part of the transformation that we've been through."
After selling higher cost assets such as Canada's oil sands, COP says its resources that break even at oil prices below $40/bbl have increased by 30% from a year ago, including the cost of facilities, logistics, corporate overhead and a 10% return on investment.
ConocoPhillips (NYSE:COP) CEO Ryan Lance says his company is preparing itself to make profits even if oil prices dip to $40/bbl as part of its new three-year operating plan that targets at least a 20% cash return on capital employed by 2020.
DK expects the deal to simplify its corporate structure, reallocate cash flow from distributions to growth investments and enable the efficient dropdown of logistics assets to Delek Logistics Partners (NYSE:DKL) in the future.
DK had acquired Alon USA (NYSE:ALJ) earlier this year.
ALDW unit owners will receive a fixed exchange ratio of 0.49 DK shares for each ALDW unit, implying a 5% premium to the 30 trading day volume weighted average ratio through Nov. 7.
Delek US Holdings (NYSE:DK) agrees to acquire the remaining 18.4% of Alon USA Partners (NYSE:ALDW) it does not already own in an all-stock deal.
Looks like a strong proposition.
$FECOF - Been watching this one. Promising activity.
That’s what I? think tailwinds are showing. Been so tough but it seems to be stepping up.
The Baltic Dry Index at 1,477 is at the highest level since March 2014 as are many base metals prices.
Shipping Index:
https://www.bloomberg.com/quote/BDIY:IND
The Baltic Dry Index at 1,477 is at the highest level since March 2014 as are many base metals prices.
Shipping Index:
https://www.bloomberg.com/quote/BDIY:IND
The Baltic Dry Index at 1588 is at the highest level since March 2014 as are many base metals prices.
The demand for shipping commodities from points of production to consumption is telling us that while China has been a major buyer of raw materials over recent months, the phenomenon is not limited to the Asian nation.
The BDI is an economic indicator, and in many ways, it is an inflationary gauge. While the U.S. Fed probably does not monitor freight rates when making inflation projections, they should as the index provides insight into the demand for the commodities that often are the best indicators of inflationary pressures on the global economy.
Good comments and agreed nothing has changed in companies fundamentals.