FDA feedback 'significant step forward' for Iovance, says H.C. Wainwright » 10:31 IOVA Iovance commentary supports potency assay progress, says Goldman Sachs 11:23 IOVA Folks I'm not looking! I'm sure it's not up a lot and in this market could be down. All I know is right before this mess the biotech index was about to move. I swear- It was right F*ing there with chart turn ups in all the relevant big names the mid and small then would follow.... After under performance the move up in Biotech could of been large with names flying around- Now I don't know.
NFE is down hard today 8% / Really dig the CEO- I can't tell yet if this is a worthy investment... a dipped my toe in but learning they don't actually produce... there are pluses and minuses to that. Billionaire Outlines Massive LNG Plan to Feed World Hungry for Gas 1/ 2 Billionaire Outlines Massive LNG Plan to Feed World Hungry for Gas Wed, April 6, 2022, 10:13 AM In this article: NFE -8.18% (Bloomberg) -- New Fortress Energy Inc. is new to the LNG-export game, but its billionaire chief has big plans. Within a couple of years, he aims to supply as much as 11 million metric tons of the superchilled fuel annually -- the equivalent of almost 16% of total U.S. exports. For a company that’s mostly a buyer of the fuel, the plan sounds like a pipe dream. Wes Edens, the private equity investor who founded the company, says he will use fast-track permits, recycled jack-up rigs and deep-water drill ships to get there. His big ambitions speak to how much the global market for the power-plant and heating fuel has exploded on the back of an energy crisis in Europe and the war in Ukraine. “If you want to make a great fortune, solve a great problem,” Edens, a billionaire co-owner of the Milwaukee Bucks NBA team, said in an interview. “And the problem of energy poverty and the problems of energy insecurity are gigantic.” The threat of supply disruptions has driven prices for the fuel to record highs, handing a windfall to its suppliers and financially stressing its buyers. It’s also improved the prospects for new LNG export projects that didn’t have the financing to get off the ground. “Not only is the price likely to stay high, but the duration of the crisis could be materially longer than what people might otherwise expect,” Edens said. “We’ll be providing gas at the most needed time”. New Fortress owns gas-to-power projects and relies on LNG supplied by others under long-term contracts. In the long term, becoming an exporter could help New Fortress shield its import businesses from surging prices a time when the company eyes opportunities for new power projects in Europe, Brazil and South Africa. That would also allow it to benefit from booming prices in the spot market. New Fortress has soared almost 87% this year, more than twice the average gain for the companies in the S&P 500 Energy Index, to the highest in a year, with investors rushing to buy LNG stocks after the conflict in Ukraine began. Last week, the company announced plans to build its first liquefied natural gas production facility off the coast of Louisiana with capacity to produce about 2.8 million metric tons of LNG per year. Edens says that the roughly $1.4 billion project could be completed in less than a year by avoiding much of the complex permitting process that new onshore export terminals are typically faced with. The company has adequate funds and capital to fund it, he said. Since making the decision to move into LNG production in early 2021, New Fortress has acquired three jack-up rigs and two deep-water drill ships that will be recycled into LNG facilities with the installation of liquefaction equipment that’s been manufactured in Texas. The company has also reached terms for a fourth rig. Roughly a dozen proposed terminals authorized by U.S. regulators over the past several years haven’t been built because developers are still trying to line up funds. What makes offshore projects easier to advance, according to Edens, is the fact that they can rely on old ships for storage as opposed to building new storage tanks. “The storage tanks are the challenge,” he said. “They cost a lot of money, a lot of time to permit and they’re environmentally very sensitive.” U.S. LNG exports are also constrained by limited pipeline capacity. “Wes Edens is an entrepreneurial leader on a mission,” said Rob Thummel, portfolio manager at Tortoise, a firm that manages roughly $8 billion in energy-related assets. “I would expect the New Fortress Energy project to cost more and take longer to build than what is currently estimated but it could be part of the global solution of replacing Russian gas imports into Europe.” Sempra (SRE) 168.27+3.24(+1.97%) As of 01:02PM EDT. Telurian Inc. (TELL) 6.16+0.15(+2.58%) As of 01:03PM EDT Cheniere Energy, Inc. (LNG) 141.60+0.84(+0.60%) As of 01:04PM EDT. Sector is mildly up so this is some hot money coming out of NFE -- I might send this idea to the HF.... I think it's a buy right here- New Fortress Energy Inc. (NFE) 41.50-3.61(-8.00%) As of 01:06PM EDT. Market open.
Green Organic Dutchman posts strong Q4 revenue. God Bless The Dutchman-- this was my first foray into pot stocks... Didn't end well. Apr. 06, 2022 12:40 PM ET The Green Organic Dutchman Holdings Ltd. (TGODF) The Green Organic Dutchman's (OTCQX:TGODF)net revenuerose 37% Y/Y to C$9.47M, helped by higher sales from its cannabis products. Sales inmedical cannabis productsrose 69% Y/Y to C$0.99M, while adult-use cannabis products revenue was up 46% Y/Y to $11.06M. The company said it expects gross margin and net revenue in Canada to continue to increase as it sells proportionately more premium flower, which should result in achieving breakeven Adjusted EBITDA. The company posted Q4 Adjusted EBITDA loss of C$3.31M for Q4 2021, representing a 40% improvement compared to Q3 2021. The company ended the year with C$4.31M in cash, including $0.22M of restricted cash. TGODF said the cash will be used primarily towards covering working capital requirements and operating costs. "We also began the process of integrating the Galaxie Brands acquisition in the fourth quarter, and we should see the benefits of that transaction throughout 2022," said said Sean Bovingdon, CEO of TGOD, in an earnings call.
Got It! what a battle. EARN TOMORROW VAN! SHALL WE? Constellation Brands Reports Earnings Thursday. Here’s How Goldman Thinks It Will Perform. Updated April 6, 2022 11:22 am ET / Original April 6, 2022 9:28 am ET Demand is healthy for Constellation Brands' beer, Goldman Sachs says. Beer is a Bare Essential GBA says Demand remains strong while inventories are rising back toward normal levels at Constellation Brands , Goldman Sachs says, reiterating a Buy rating on the alcoholic-beverage stock ahead of the release of its quarterly earnings on Thursday. Goldman analyst Bonnie Herzog said she sees a favorable setup for the stock, highlighting Nielsen data showing strong demand for the company’s beer brands, with sales volumes up 7.5% in the fourth quarter compared with a year earlier. The trend is led by Modelo Especial and Corona Extra, up 9.7% and 15.6%, respectively, in the quarter that ended in February. Constellation Brands stock (ticker: STZ) was flat, at $230.37, in recent trading. Goldman analysts have a target of $275 for the price. Herzog’s reiteration of the Buy rating comes after Constellation offered additional information about its inventories and confirmed it is seeing strong demand at a recent industry conference. “We continue to believe STZ is well-positioned with its portfolio of strong/trusted brands and therefore we reiterate our Buy rating on the stock,” Herzog wrote in a research note. The analyst expects Constellation to beat her $2 billion net sales estimate for the fourth quarter and that momentum will continue into the 2023 fiscal year. Her estimate is 6% higher than the $1.889 billion the company reported last year when adjusted for the divestiture of its wine business, Herzog told Barron’s. Analysts tracked by FactSet predict $2.02 billion in sales. She has a $2.21 earnings-per-share estimate for the quarter, while analysts tracked by FactSet expect $2.09 a share. Herzog expects management to be conservative in forecasting its performance for fiscal 2023, predicting beer net sales growth of 7% to 9%. That would be in line with the preliminary guidance it provided with its third-quarter earnings, she said.
Company has a history of talking down estimates so... maybe lets wait till the morning and this will be first on the buy list. re: Constellation Brands price target lowered to $294 from $299 at Morgan Stanley 06:46 STZ, CGC Morgan Stanley analyst Dara Mohsenian lowered the firm's price target on Constellation Brands (STZ) to $294 from $299 and keeps an Overweight rating on the shares ahead of the company's Q4 earnings report due on April 7. While Mohsenian continues to identify Constellation as his Top Pick and argues that strong, above-consensus top-line growth not fully priced into valuation, he expects below-consensus FY23 guidance due to the company's pattern of issuing a typically conservative initial outlook, as well as due to margin headwinds and the exclusion of buybacks in guidance. He is trimming his own FY23 EPS forecast, ex-Canopy (CGC), by 2%, to $11.70 from $11.92, Mohsenian noted.
It's been low vol but it was $3.16 when I started coverage this week. and now WATCH! Whitehaven Coal Limited (WHITF)<-- Australian coal!!! It was a great idea... 3.3350+0.1650 (+5.21%)<-------- As of 12:46PM EDT.
$6.97 at 2 pm // $7.05 now WATCH****** Evolution Petroleum Corporation (EPM) NYSE American - Nasdaq Real Time Price. 7.05-0.03 (-0.43%) As of 02:35PM EDT.
Good AM. The toughest thing ever to do is admit when you are wrong. Even if you were proven correct in some ways you still have to be ready to adapt. When investing types were trying to force me into tech a whiles back I refused. The last two days of 4% free fall in Nasdaq confirmed I was correct. However the corresponding move in re opening stocks failed to materialize burdened by the Russian Ukraine war. Now what. The call to buy tech increases.