In today’s briefing:
- Copper Is the New “GOLD”: India’s Rush for Rare Minerals
- Permian Resources Corporation: Initiation Of Coverage – 5 Major Drivers
- Delta Dunia Makmur – Event Flash – Tender Offer And Consent Solicitation – Lucror Analytics
- Enterprise Products Partners L.P.: Is There A Potential Increase in Bahia’s Volumes That Could Drive Growth? – Key Drivers
- GeoPark Limited (NYSE: GPRK): Dutch auction for 10% of the market cap at significant premium to the share price
- Ovintiv Inc.: Initiation Of Coverage: 4 Biggest Factors Driving Its Growth! – Financial Forecasts
![](http://www.smartkarma.com/assets/plugins/a3-lazy-load/assets/images/lazy_placeholder.gif)
Copper Is the New “GOLD”: India’s Rush for Rare Minerals
- Copper, known as the “red metal” and vital in modern civilization, has seen a significant surge in demand globally, especially in sectors like electrical, electronics, construction, and transportation.
- Global and Indian reserves of copper, use cases, production process and government push towards Copper mining and overall analysis of existing new entrants in the industry.
- India possessing only 0.25% of the world’s reserves, the overall view from mining to distribution and consumption of copper across India and companies involved in the space.
Permian Resources Corporation: Initiation Of Coverage – 5 Major Drivers
- This is our first report on Permian Resources, a Delaware-based independent oil and natural gas company.
- The company reported its Q4 and full-year 2023 earnings with significant growth and progress.
- The company finished the year delivering industry-leading returns, exceeding both internal and external expectations.
Delta Dunia Makmur – Event Flash – Tender Offer And Consent Solicitation – Lucror Analytics
Delta Dunia Makmur has launched a tender offer for the USD 7.75% 2026 notes (USD 365.7 mn outstanding), with a concurrent consent solicitation. We recommend that noteholders tender their bonds, and close our “Buy” call on the BUMAIJ 7.75 ’26s.
Enterprise Products Partners L.P.: Is There A Potential Increase in Bahia’s Volumes That Could Drive Growth? – Key Drivers
- Enterprise Products Partners L.P. displayed robust financial and operational achievements in 2023.
- The company’s distributable cash flow touched $7.6 billion, contributing to a 1.7x coverage and retained $3.2 billion.
- The year 2023 saw Enterprise products set nine financial records and thirteen operating records.
GeoPark Limited (NYSE: GPRK): Dutch auction for 10% of the market cap at significant premium to the share price
- The key takeaway from the 4Q23 results press release is the announcement of a modified Dutch auction tender offer to purchase up to US$50 mm of GeoPark shares at a price of US$9-10 per share.
- This represents ~10% of the current market cap of the company.
- The tender price range represents a premium of 8-20% to the prior day close.
Ovintiv Inc.: Initiation Of Coverage: 4 Biggest Factors Driving Its Growth! – Financial Forecasts
- This is our first report on Ovintiv Inc, a leading producer of oil, condensate, and natural gas.
- The company’s fiscal performance in 2023 was commendable, with its operational success translating into stellar financial results, a net income of $2.1 billion, and a cash flow of $3.9 billion.
- The company’s capital investment during the year was $2.7 billion, generating a free cash flow of around $1.2 billion.