Our Research

Shares of BKV priced after the close today at $18. This is 10% below the mid-point of the initial range of $19 – $21 and in-line with our expectation of both 1) a re-price lower;…

Within, we share with you real-time 1) Current Absolute Shares-on-Loan Utilization; and 2) W-W % Changes in Absolute Shares-on-Loan Utilization for ~200 publicly traded corporates across 1) Midstream & Energy Infrastructure; 2) Clean Tech &…

Earlier this week, we shared with our clients our expected valuation range (~$18-ish per share) for shares of BKV, which are set to price today, Wednesday 9-25-2024. This compares to an initial pricing range of…

Full Details and Updated Storage Balances as well as our current positioning within. Interested in your thoughts. Timm At the time of this writing we have a Natural Gas spread trade on: 1) Long Nov-24…

…So Which Clean Tech/ Renewables Sub-Sectors are Most *Overhyped* and *Underhyped?* A little blast from the past from our 2H’24 Outlook Survey: Sadly, Our Proprietary 2H’24 Outlook Survey Shows Energy Sector Performance Thru Year-End is…

Within we provide some feedback to our initial BKV IPO note from earlier today. Link to original publication: We Are Passing on the Expected BKV IPO at the Suggested $19 – $21 per share Range…

Full Details within. Please let us know if you have any questions or want to chat. Link to BKV SEC filings: SEC Database (All BKV Filings) source: Company Presentation Timm Thesis: BKV offers an interesting…

For the news, we include a brief summary description for each headline. We only include links to news sources that do NOT require you to have a subscription to the respective site, or if they do, they are…

Most discussed stocks and topics this week (irrespective of Model Portfolio): Natural Gas Macro; Positioning into 2H’24/ easing cycle; CEG; TLN; VST; ET; EQT; RRC; AR; BKV; LNG; COP; NEE; NEP Model Portfolio Total Relative Return…

…which is why we (temporarily) closed our Jan-25 short position pre-market, ahead of the 10:30AM ET release. To be sure, we fundamentally believe winter 24/25 contracts remain broadly overvalued, but a bullish injection would likely…

…with V^2 > P, of course, being the formulaic representation of Our 1) Volume; and 2) Volatility over 3) (Commodity) Price Thesis. At a high level, this equates to a sub-sector preference of 1) Midstream…

The better question is, who would not want to chat about the largest gas producer in the Barnett?! There is more to the business mix… Almost like a throwback to the early 2000’s… Unlike our…

Within we share with you 1) Current Absolute Shares-on-Loan Utilization; and 2) W-W Changes in Absolute Shares-on-Loan Utilization for ~200 publicly traded corporates across 1) Midstream & Energy Infrastructure; 2) Clean Tech & Renewables; 3)…

Most discussed stocks and topics this week (irrespective of Model Portfolio): Takes from EQT Fireside Chat; Potential Gulf of Mexico Regulatory Issues; TRP/ SOBO; Broader sector positioning into FOMC meeting Wednesday; Model Portfolio Total Relative Return…

For the news, we include a brief summary description for each headline. We only include links to news sources that do NOT require you to have a subscription to the respective site, or if they do, they are…