I mean this is ridiculous... talk about a perfect stock for the current environment. Even after accounting for the Q4 special dividend, Tourmaline expects to end 2021 with net debt of approximately $815M, which equates to 0.26x trailing D/CF. The company will have the cash available to nullify its entire net debt in the first half of 2022 should it choose to. That's very low debt.
Wow... after that it's hard to get up for CHK. Certainly an old school name. You know I just can't do it... I think CHK operates at a loss.. it's no comparison these Canadian guys are tops.... GUMMYBEAR WATCH LIST ALERT** TRMLF- AR- .. and that is stonedinvesting. It's like surfing although I have never surfed. It like hang gliding although I have never hang glided.. it's like a fabulous threesome which once in my life I did have. What are we without the memories.
From Barrons The invasion of Ukraine—and Europe’s reliance on Russian energy—spotlights the strategic importance of American natural gas.It also opens up another opportunity for U.S. producers, whose stock prices do not adequately reflect the growing global demand for gas. Even after doubling in price over the past year, natural gas remains cheap in the U.S. compared with the rest of the world—roughly a 10th of what Europe pays. Arun Jayaram, a J.P. Morgan analyst, expects U.S. prices to close part of the gap. “The U.S. was structurally oversupplied for gas for most of the past eight to nine years,” he says. “With capital discipline and growing export demand, that is changing.” The U.S. is exporting about 10% of its daily output as liquefied natural gas. More of that LNG is likely to go to Europe as customers there shun Russian gas. In January, U.S. exports of LNG to Europe topped Russian pipeline volumes there for the first time. As new facilities are built, LNG exports from the U.S. are projected to rise by as much as 50% by 2027. In the U.S., meanwhile, overall gas demand is expected to rise 10% by 2025. according to the U.S. Energy Information Administration. Producers like EQT(ticker: EQT),Chesapeake Energy(CHK), and Coterra Energy(CTRA) stand to benefit. While their stocks have risen lately, their ample free cash flow, strong or rapidly improving balance sheets, and higher capital returns to shareholders make them still look attractive. “As more investors have entered the energy sector, they’ve gone to the biggest, liquid stocks like Exxon Mobil and Chevron. But as they start to look more deeply into the sector, the gas producers may stand out,” says Josh Silverstein, energy analyst at Wolfe Research. Here are seven natural-gas producers to consider. 7 Gas Stocks to Turn On Here are some leading North American natural-gas producers to consider. Chesapeake Energy / CHK $79.37 Antero Resources / AR 24.34 Coterra Energy / CTRA 25.67 EQT / EQT 24.88 Range Resources / RRC 25.19 Southwestern Energy / SWN 5.26 Tourmaline Oil / TRMLF 40.55 EQT shares have underperformed because the company hedged the bulk of its 2021 output and 65% of its 2022 output at well below current prices. The good news is that it is just 40% hedged for 2023. The shares at about $25 have a projected free-cash-flow yield of nearly 20% this year and over 25% in 2023. It recently began a 50-cent annual dividend for a 2% yield. “This shouldn’t trade [at $25] with a 25% free-cash-flow yield,” with an improving balance sheet and bad hedges rolling off in 2023, says Silverstein, who thinks the stock could trade at $35. Coterra, formed from the merger last year of Cabot Oil and Gas and Cimarex Energy, is largely free of hedges this year. And it has one of the better balance sheets in the industry. Like a growing number of energy peers, Coterra is paying both a base dividend and a variable dividend that shifts with earnings. The shares at about $26 yield about 8.7% between the base and variable dividend. The base dividend is 60 cents a share annually. Chesapeake, which exited bankruptcy last year with a clean balance sheet, has what it calls a “best in class dividend program” of a base and variable payout that now results in a 9% yield at the recent stock price of $79. Silverstein has an Outperform rating and a $96 price target. Antero Resources (AR) benefits from its position as the country’s second-largest producer of natural-gas liquids like propane and butane, whose prices have risen sharply in the past year. ““In addition to its leverage to U.S. gas-price strength, the NGLs are a unique earnings driver for Antero,” says J.P. Morgan’s Jayaram, who also points to a 25% projected free-cash-flow yield this year, one of the highest in the sector. The company is 50% hedged <--- Could that be bad... on its gas for this year and a little for 2023. He has an Overweight rating and a $28 price target on Antero, whose shares trade around $24. Southwestern Energy(SWN), whose shares trade around $5, has been the worst performer in the group in the past year. This reflects acquisitions and a relatively high debt load. It’s also about 75% hedged on its gas output for 2022. Yet it trades cheaply with a projected 25% free-cash-flow yield this year. Like Antero,Range Resources(RRC) benefits from significant NGL production, which accounts for about 25% of its output. The company has announced a $500 million repurchase program for 2022 and plans to pay a 32-cent annual dividend starting later this year. That should result in a 1.3% yield at the recent stock price of $25. Despite its name,Tourmaline Oil(TRMLF) is the largest natural-gas producer in Canada. The U.S.-listed shares trade around $40 and carry a yield of 4% between the base and special dividend. The company has low debt and expects over $2 billion of free cash flow this year. It is a top pick of Peters & Co. analyst Tyler Reardon, who has a price target that equates to about $60 on the U.S. shares. Even with the recent rally, U.S. gas is just a quarter of the cost of oil on an energy-equivalent basis. With global demand poised to grow, investors should tap into the sector.
- I heard a rumor a top Jewish diplomat was in the air to Russia. - It would be nice if we end this incursion next week. - I doubt it but Russia is in a bad place right now. US funnels tons of spy info to Ukraine army and brings in anti tank stuff and we can pick apart Russia without being involved as we crash their economy. You thought we were going to have a recession....
- Russia Fighter Jets needed! That's what they know how to fly... - efforts under way to get them Russian made craft from far flung places.
Siege of Leningrad The siege of Leningrad was a prolonged military blockade undertaken from the south by the Army Group North of Nazi Germany against the Soviet city of Leningrad (now Saint Petersburg) on the Eastern Front in World War II. The Finnish army invaded from the north, co-operating with the Germans, and completed the ring around the city. The siege began on 8 September 1941, when the Wehrmacht severed the last road to the city. Although Soviet forces managed to open a narrow land corridor to the city on 18 January 1943, the Red Army did not lift the siege until 27 January 1944, 872 days after it began. The blockade became one of the longest and most destructive sieges in history, and it was possibly the costliest siege in history due to the number of casualties which were suffered throughout its duration. In the 21st century, some historians have classified it as a genocide due to the systematic starvation and intentional destruction of the city's civilian population. German soldiers near Leningrad in 1941. In the background are burning houses and a church Leningrad's capture was one of three strategic goals in the German Operation Barbarossa and the main target of Army Group North. The strategy was motivated by Leningrad's political status as the former capital of Russia and the symbolic capital of the Russian Revolution and the hated Bolshevism, the city's military importance as a main base of the Soviet Baltic Fleet, and its industrial strength, housing numerous arms factories. By 1939, the city was responsible for 11% of all Soviet industrial output. It has been reported that Adolf Hitler was so confident of capturing Leningrad that he had invitations printed to the victory celebrations to be held in the city's Hotel Astoria. By Monday, 8 September, German forces had largely surrounded the city, cutting off all supply routes to Leningrad and its suburbs. Unable to press home their offensive, and facing defences of the city organised by Marshal Zhukov, the Axis armies laid siege to the city for "900 days and nights". The air attack of Friday, 19 September was particularly brutal. It was the heaviest air raid Leningrad would suffer during the war, as 276 German bombers hit the city killing 1,000 civilians. Many of those killed were recuperating from battle wounds in hospitals that were hit by German bombs. Six air raids occurred that day. Five hospitals were damaged in the bombing, as well as the city's largest shopping bazaar. Hundreds of people had run from the street into the store to take shelter from the air raid. The two-and-a-half-year siege caused the greatest destruction and the largest loss of life ever known in a modern city. On Hitler's direct orders the Wehrmacht looted and then destroyed most of the imperial palaces, such as the Catherine Palace, Peterhof Palace, Ropsha, Strelna, Gatchina, and other historic landmarks located outside the city's defensive perimeter, with many art collections transported to Germany.[69] A number of factories, schools, hospitals and other civil infrastructure were destroyed by air raids and long range artillery bombardment. The diary of Tanya Savicheva, a girl of 11, her notes about starvation and deaths of her sister, then grandmother, then brother, then uncle, then another uncle, then mother. The last three notes say "Savichevs died", "Everyone died" and "Only Tanya is left." She died of progressive dystrophy shortly after the siege. Her diary was used by the prosecution at the Nuremberg trials. The 872 days of the siege caused extreme famine in the Leningrad region through disruption of utilities, water, energy and food supplies. This resulted in the deaths of up to 1,500,000 soldiers and civilians and the evacuation of 1,400,000 more (mainly women and children), many of whom died during evacuation due to starvation and bombardment. Piskaryovskoye Memorial Cemetery in Leningrad holds half a million civilian victims of the siege alone. Economic destruction and human losses in Leningrad on both sides exceeded those of the Battle of Stalingrad, the Battle of Moscow, or the bombing of Tokyo. The siege of Leningrad ranks as the most lethal siege in world history, and some historians speak of the siege operations in terms of genocide, as a "racially motivated starvation policy" that became an integral part of the unprecedented German war of extermination against populations of the Soviet Union generally.
New York Times: Brittney Griner, two-time Olympic gold medalist and WNBA all-star, arrested in Russia on drug charges By Wayne Sterling and Emma Tucker, CNN Updated 3:46 PM ET, Sat March 5, 2022 Brittney Griner #42 of the Phoenix Mercury during a game against the Chicago Sky October 10, 2021 in Phoenix, Arizona. (CNN)Brittney Griner, a two-time Olympic gold medalist and seven-time Women's National Basketball Association All-Star with the Phoenix Mercury basketball team, has been arrested in Russia after customs officials detected cannabis oil in her luggage at an airport near Moscow, The New York Times reported. The Russian news agency TASS cited a law enforcement source identifying the American woman who was arrested on drug charges as 31-year-old Griner, upon arriving from New York, the report said. The Russian Federal Customs Service did not identify the woman as Griner in a statement quoted in a report from Russia's Interfax News Agency, which reads: "'As a US citizen was passing through the green channel at Sheremetyevo Airport upon arriving from New York, a working dog from the Sheremetyevo Customs canine department detected the possible presence of narcotic substances in the accompanying luggage.'" "'The customs inspection of the hand luggage being carried by the US citizen confirmed the presence of vapes with specifically smelling liquid, and an expert determined that the liquid was cannabis oil (hash oil), which is a narcotic substance,'" the customs service said in the statement. As the Russian invasion of Ukraine enters its second week, President Vladimir Putin on Saturday issued a series of threats against Ukraine and Western powers, saying the sanctions introduced on his country are "equivalent of a declaration of war." Interfax, citing the customs service, said the US citizen was detained and arrested and noted a criminal case has been opened against her. A spokesperson for the State Department told CNN Saturday, "We are aware of reports of a US citizen arrested in Moscow. Whenever a US citizen is arrested overseas, we stand ready to provide all appropriate consular services." Griner currently plays for the Russian team, UMMC Ekaterinburg. Griner has played with the team since 2015 during the WNBA offseason. In five games this season, she is averaging 13.2 points and 4.2 rebounds per game. The star player, who won the WNBA championship with the Mercury in 2014, averaged 20.5 points and 9.5 rebounds per game last season with Phoenix. Griner is also a two-time medalist at the FIBA Women's Basketball World Championship with Team USA. CNN has reached out to Griner's representative for comment. USA Basketball, the Women's National Basketball Association (WNBA), the Mercury and the WNBA players' union publicly shared their concerns for Griner. USA Basketball, the governing body for sport in the United States, said in a statement it is "aware of and closely monitoring the legal situation facing Brittney Griner in Russia. Brittney has always handled herself with the utmost professionalism during her long tenure with USA Basketball and her safety and wellbeing are our primary concerns." The WNBA said Griner has its "full support," adding its main priority is "her swift and safe return to the United States."