In today’s briefing:
- Weekly Wrap – 29 Sep 2023
- China’s Sinopec Dives Deeper Into Geothermal Energy
- TPL: The Unhedged
- Celanese Corporation: 3 Predicted Uplifts Boosting 2024’s Profit Game! – Financial Forecasts
- Hunt Oil – ESG Report – Lucror Analytics
Weekly Wrap – 29 Sep 2023
Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and also showcase a list of the most-read reports.
In this Insight:
and more…
China’s Sinopec Dives Deeper Into Geothermal Energy
- China Petroleum & Chemical Corp., the state-owned energy giant known as Sinopec, is making a bigger push into a renewable energy generated by heat within the earth as the country looks to diversify its sources of green energy.
- Sinopec’s push could serve as a catalyst for fast-tracking the exploration and use of geothermal energy, and spur the development of related technologies in the country, experts said.
- The company said on social media on Sept. 14 that it was expecting a “major development” in its geothermal heating segment and that it was on track to expand its service to more than 60 cities in over 10 regions in China by the end of the year.
TPL: The Unhedged
- The return of higher crude oil prices could result in Texas Pacific Land (TPL) reporting higher than expected revenue in the third and fourth quarters of 2023
- TPL does not hedge its exposure to energy prices, which would have an outsize benefit when prices move higher like they have in the third quarter
- Crude oil production has been rising even though total rig count has also declined from levels reached earlier in the year
Celanese Corporation: 3 Predicted Uplifts Boosting 2024’s Profit Game! – Financial Forecasts
- Celanese Corporation’s results were a major disappointment as it failed to meet the revenue expectations as well as earnings expectations of Wall Street.
- Additionally, $150 million in M&M synergies, aided by the first-quarter SAP integration, are anticipated to enhance cost savings.
- In this report, we have carried out a fundamental analysis of the historical financial statements of the company.
Hunt Oil – ESG Report – Lucror Analytics
- Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
- We assess Hunt Oil’s ESG as “Adequate”, in line with its Social and Governance scores. However, the Environmental pillar is “Weak”. Controversies are “Immaterial” but Disclosure is “Weak”.
- Hunt Oil Company of Peru LLC, Sucursal del Peru (HOCP) is a wholly owned, indirect subsidiary of Hunt Oil Company, one of the largest privately owned hydrocarbon companies in the US.