In today’s briefing:
- Global Commodities: How to Gain $10 in Three Months
- Merger Arb Mondays (12 Feb) – JSR, Benefit One, Lawson, Welbe, YSK, Hollysys, Silver Lake
- Maithan Alloys (NSE:MAITHANALL) – Monday, Nov 13, 2023
- Bullion Ballet: Trading the Gold Platinum Ratio
- PetroTal Corp (AIM: PTAL): Replacing >165% of 2P Reserves in 2023
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Global Commodities: How to Gain $10 in Three Months
- Observable crude inventories in key regions have steadily drawn down, reaching 40 million barrels below December levels.
- Global onshore crude inventory is at a record low of 4.4 billion barrels, signaling increased demand.
- Refinery runs and healthy refinery cracks and margins are drawing down on crude inventories, supported by strong gasoline cracks.
This podcast is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only.
Merger Arb Mondays (12 Feb) – JSR, Benefit One, Lawson, Welbe, YSK, Hollysys, Silver Lake
- We summarise the latest spreads and newsflow of merger arb situations we cover across Hong Kong, Australia, New Zealand, Singapore, Japan, Indonesia, Malaysia, Philippines, Thailand and Chinese ADRs.
- Highest spreads – Welbe Inc (6556 JP), Probiotec Ltd (PBP AU), JSR Corp (4185 JP), Shinko Electric Industries (6967 JP), Genetron Holdings Ltd (GTH US), Lithium Power International (LPI AU).
- Lowest spreads – Tietto Minerals Ltd (TIE AU), Orecorp Ltd (ORR AU), QV Equities Ltd (QVE AU), Pact Group Holdings (PGH AU), CPMC Holdings (906 HK), Irc Ltd (1029 HK).
Maithan Alloys (NSE:MAITHANALL) – Monday, Nov 13, 2023
Key points (machine generated)
- Maithan Alloys is a leading manufacturer of Manganese (Mn) alloys used in the production of hardened steel.
- The company operates three plants in India and recently acquired a fourth, indicating its growth and expansion in the industry.
- India, where Maithan Alloys is based, is the largest exporter of Mn alloys in the world, providing 25% of global imports, and maintains its position as a low-cost supplier despite structural disadvantages.
This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.
Bullion Ballet: Trading the Gold Platinum Ratio
- Gold platinum ratio (“GPR”) measures the price of gold relative to platinum. it is affected by recessions, monetary policy, and stock market returns.
- GPR has been rising since 2008, it has outperformed gold and platinum individually since 2006 and other gold spreads (gold-silver, gold-palladium, gold-copper) since 2000.
- The outlook for both gold and platinum remains uncertain. A bullish view of the GPR looks more favorable.
PetroTal Corp (AIM: PTAL): Replacing >165% of 2P Reserves in 2023
- YE23 1P, 2P and 3P reserves were estimated at 48 mmbbl, 100 mmbbl and 200 mmbbl respectively.
- This represents an increase of 6%, 4% and 19% respectively compared to YE22.
- The YE23 1P and 2P reserves estimates imply a Reserves Replacement Ratio of 150% and 167% during 2023.