Daily Brief Energy/Materials: Greatview Aseptic Packaging, Crude Oil, Clearwater Paper, Mercer International , Silver and more

• In the UK, once a Bidder is named in a possible offer announcement, the Bidder has 28 days to either announce a firm Offer intention or walk away. 
• This is known as a ‘put up or shut up’ or ‘PUSU’ deadline. Hong Kong’s takeover rules has no such provision.
• It’s ~21 weeks since co-founders Jeff Bi and Gang Hong tabled a non-binding Offer. With no firm Offer in sight, AND contesting a SAMR ruling, they should fold their tent.

• The US oil and gas rig count remained unchanged for the third straight week at 589 for the week ending on 27/Dec.
• For the week ending 20/Dec, US oil production moderately fell to 13.59m bpd from 13.6m bpd the week prior.
• The number of active US oil and gas rigs remained steady at 483 and 102, respectively. US producers added one rig in North Dakota and cut one in Texas.

• CLW sells tissue business to Sofidel America for $1.06 billion, expected to close in late 2024
• Proceeds will be used to reduce debt and invest in other SBS grades, despite slightly weaker Q2 performance
• Despite stock price surge to $55, currently trading at $30, CLW remains #2 Paperboard producer of SBS grades in US, recently acquired paperboard mill from Graphic Packaging for $700 million

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• Mercer International is a US-listed company with segments in Pulp and Solid Wood
• Recent supply closures in the softwood pulp industry have created a positive catalyst for the company, potentially improving price levels
• Despite concerns over poor recent results and high financial leverage, the stock and bonds offer asymmetric risk/reward with potential for significant returns

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• According to Graph 1, during the period October 28th, 2024 – November 25th, 2024, a bearish trend was reflected in the price of silver futures.
• During this timeframe, there was a significant decrease in the price of the commodity from above $34 to below $31.
• The MA-10 line was recorded to perform remarkably higher than MA-20 line in the beginning of the period under consideration, until November 8th when it crossed below it, indicating a downward momentum.