In today’s briefing:
- POSCO Holdings Is Selling Nippon Steel Shares Worth 468 Billion Won
- Ramelius-Spartan Merger As Gold Ekes Out New Highs
- Yokohama Shuts Three Plants In Quick Succession, Relaunches Another In China
- [US Crude Oil Options Weekly 2025/11] WTI Snaps Losing Streak on Rising Geopolitical Tensions
- [US Nat Gas Options Weekly 2025/11] Henry Hub Slipped on Mild Weather Forecasts and Surging Output
- Ecolab: The Untold Truth Behind Its Razor-and-Blade Model—And Why It’s a Cash Machine!
- NESR US. – Exposed to the World’s Steadiest Oilfield Service Markets
- Kinder Morgan: These Are The 5 Biggest Challenges In Its Path In 2025 & Beyond!
- APM: Record Q4 & 2024 Financials Beat Expectations
POSCO Holdings Is Selling Nippon Steel Shares Worth 468 Billion Won
- On 19 March, POSCO Holdings (005490 KS) announced that it is selling its stake in Nippon Steel Corporation (5401 JP) worth nearly 468 billion won (US$320 million).
- POSCO Holdings’ sale of nearly US$320 million worth of Nippon Steel would be about 1.3% of its market cap.
- POSCO Holdings’ sale of its stake in Nippon Steel is a positive move for POSCO Holdings as the company is continuing to execute its strategy of selling off non-core assets.
Ramelius-Spartan Merger As Gold Ekes Out New Highs
- After being outbid for Karora Resources (KRR CN) and rebuffed by Westgold Resources (WGX AU), Ramelius Resources (RMS AU)has inked a merger with Spartan Resources (SPR AU).
- The cash scrip merger – with Ramelius shareholders holding 60.5% of MergeCo – combines operations around the Mount Magnet and Dalgaranga region in Western Australia.
- Spartan shareholder will receive A$0.25/share in cash and 0.6957 new Ramelius, or an implied price of A$1.78/share at the time of the merger, and a 27.5% premium to 30-day VWAP.
Yokohama Shuts Three Plants In Quick Succession, Relaunches Another In China
- Trelleborg plant in the US to shut down in April, 2025
- Israel, Prague plants too stop working in 2025
- Hangzhou to have car tire plant producing 9 million tires a year
[US Crude Oil Options Weekly 2025/11] WTI Snaps Losing Streak on Rising Geopolitical Tensions
- WTI futures rose 0.2% for the week ending 14/Mar, reversing a seven-week losing streak, driven by Middle East tensions and tighter-than-expected U.S. crude inventories.
- U.S. rig count remained unchanged at 592, after falling by one last week. The oil rig count grew by one to 487 and gas rigs fell by one to 100.
- WTI OI PCR rose to 0.93 on 14/Mar from 0.91 on 07/Mar. Call OI increased by 5.6% WoW, while put OI rose by 7.6%.
[US Nat Gas Options Weekly 2025/11] Henry Hub Slipped on Mild Weather Forecasts and Surging Output
- For the week ending 14/Mar, U.S. natural gas prices fell by 6.7% due to milder weather forecasts and increased U.S. production.
- Henry Hub hit a two-year high early in the week but quickly retreated due to warmer-than-expected winter forecasts. Prices ended the week below the 9-day and 21-day moving averages.
- Henry Hub OI PCR increased to 1.03 on 14/Mar compared to 1.00 on 07/Mar. Call OI rose by 3.1% WoW, while put OI grew by 7%.
Ecolab: The Untold Truth Behind Its Razor-and-Blade Model—And Why It’s a Cash Machine!
- Ecolab has reported another record-setting year with impressive growth in sales, earnings, margins, and free cash flow in 2024, amid a steady organic sales growth of 4% in the last quarter.
- The firm sees consistent success in its largest and most profitable market, the United States, where organic sales increased by mid-single digits.
- Nonetheless, geographic variations persist, with other global regions experiencing low single-digit growth, affected by mixed macroeconomic trends.
NESR US. – Exposed to the World’s Steadiest Oilfield Service Markets
- NESR is the largest publicly listed pure-play diversified oilfield service company focused solely on serving national oil company (NOC) and international oil company (IOC) customers in most of the major Middle East and North Africa (MENA) region markets where it competes with much larger international oilfield service companies, including SLB and Halliburton.
- It operates in more than 15 countries, from an original anchor business in the Kingdom of Saudi Arabia and Oman.
- The company now has major operations in Kuwait, the UAE, Iraq, Algeria, and Egypt, in addition to its original anchors.
Kinder Morgan: These Are The 5 Biggest Challenges In Its Path In 2025 & Beyond!
- Kinder Morgan Inc. (KMI) presented its quarterly results with a focus on strategic growth in the natural gas sector, highlighting both opportunities and challenges.
- The company announced substantial capital projects and acquisitions aimed at expanding its capacity and reinforcing its presence in the midstream natural gas market.
- Here’s a breakdown of the critical aspects of this announcement: On the growth front, Kinder Morgan has sanctioned four significant projects, including the expansion of the GCX system, the SS4 expansion, the Mississippi crossing line, and the new Trident line.
APM: Record Q4 & 2024 Financials Beat Expectations
- Andean reported strong Q4 financial and operating results from both of its assets with Golden Queen producing 11.8Koz AuEq (+106% YoY) and San Bartolome producing 1.4Moz AgEq (+14% YoY).
- Revenue in Q4 came in at $72.8M (+49% YoY) vs. our estimate of $69.3M, supported by the strong precious metals prices.
- Adjusted EBITDA was $18.9M (+272% YoY) compared to our estimate of $17.1M.
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