In today’s briefing:
- Braskem Idesa – ESG Report – Lucror Analytics
- CF Industries: Decarbonization of the Agriculture Supply Chain & Other Drivers
- FMC Corporation: Major Drivers
- Jericho Energy Ventures (JEV CN) – Strategic Partnership to Accelerate Boiler Sales
- Pemex – ESG Report – Lucror Analytics
- Ring Energy Inc. – Expanding Central Basin Platform Core Area
- Sibanye Stillwater: Newly Released Mining Data To Shock The Market
- WestRock Company: A Tale of Resilience in the Face of Declining Demand! – Major Drivers
![](http://www.smartkarma.com/assets/plugins/a3-lazy-load/assets/images/lazy_placeholder.gif)
Braskem Idesa – ESG Report – Lucror Analytics
- Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
- We view Braskem Idesa’s ESG as “Adequate”, in line with its scores for the Environmental, Social and Governance pillars. Controversies are “Material” and Disclosure is “Strong”.
- Braskem Idesa (Bakide), a single-asset 75%/25% JV between Braskem and Idesa, is Mexico’s largest polyethylene (PE) producer.
CF Industries: Decarbonization of the Agriculture Supply Chain & Other Drivers
- CF Industries Holdings managed to exceed the revenue expectations as well as the earnings expectations of Wall Street.
- The company had net earnings of $560 million for the first quarter of 2023.
- We give CF Industries Holdings, Inc. a ‘Hold’ rating with a revised target price.
FMC Corporation: Major Drivers
- FMC delivered a mixed result in the recent quarter, with revenues below market expectations but it managed to surpass the analyst consensus in terms of earnings.
- North America experienced a substantial quarter with significant sales growth, driven by high customer demand, price increases, and a favorable product mix.
- Despite revised market conditions, FMC’s management is confident about achieving revenue growth through pricing gains, new product offerings, and expanded market access.
Jericho Energy Ventures (JEV CN) – Strategic Partnership to Accelerate Boiler Sales
- Jericho announced a strategic industrial partnership with Sofinter Group and EXOGEN Hydrogen to manufacture, implement, and service a new hydrogen steam plant (the HSP3000).
- The HSP3000 will be a scalable and modular solution featuring HT’s DCC boiler technology which will be produced by Sofinter and marketed by Exogen.
- The HSP3000 is being produced and assembled by Sofinter Group and features Hydrogen Technologies’ (100% owned by JEV) patented DCC boiler technology.
Pemex – ESG Report – Lucror Analytics
Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
We assess Pemex’s ESG as “Weak”, in line with the “Weak” Environmental, Governance and Social scores. Controversies are “Material”, but Disclosure is “Adequate”.
Ring Energy Inc. – Expanding Central Basin Platform Core Area
- Ring is pursuing a strategy to position the company to ultimately return capital to shareholders.
- Execution involves accretive acquisitions that generate free cash flow, which can be applied to the balance sheet to reduce leverage.
- Please see our June 22, 2023, Management Series Report “Conventional Path to Shareholder Value” for discussion of the strategy.
Sibanye Stillwater: Newly Released Mining Data To Shock The Market
- Statistics South Africa released new mining data on Thursday morning.
- Sibanye Stillwater Limited stock and ADRs surged shortly after the release.
- However, our analysis highlights the risk of year-end impairments, according to our analysis.
WestRock Company: A Tale of Resilience in the Face of Declining Demand! – Major Drivers
- WestRock delivered an all-around beat in the most recent quarterly result.
- Low demand, increasing inflation, and shifting consumer spending continue to affect the company’s Corrugated Packaging and Global Paper businesses.
- With new client wins and rising income from plastic replacement, WestRock has seen improved stability in its consumer packaging market.