Our Research

and thank you for stopping by. We will be back next Tuesday. Just kidding – but we could not help to chuckle at that headline. Forget the initial banker range of $18 to $22 –…

RGSI launched today with a pricing range of C$19 – $C22 per share. Our analysis around valuation is mostly complete. Details from the IPO Roadshow (available on Bloomberg) below: source: Company Filings Within, we provide…

Wanted to share a concise breakdown on why we believe Occidental (OXY) might consider (link to article below) the sale of its OxyChem business and how this could reshape the chemicals M&A landscape. Within, you’ll…

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 free of charge. However,…

Side note: I’m headed to NYC from bucolic central PA later today – three hours in the car if anyone wants to talk Fermi (or anything sector-related). I’ll be at the Yale Club by Grand…

I feel like these videos were more flattering when I used to record them at my old employer in a full TV studio… but hey – it is what it is. In any case, (super-ish)…

Hopefully this will be our last Fermi email for the day… But we always get great feedback via these surveys. We run this via surveymonkey. All responses are anonymmous. As always, we will be going…

Within we provide an ‘easy-to-digest’ updated snapshot (this supercedes our earlier version) of Fermi’s cap structure, implied valuations (and key metrics), as well as a list of peer comps spanning from Merchant Generation/ IPPs to…

Given the heightened interest and fast-moving developments around the Fermi (FRMI) IPO (set to price next week), we’re sharing a comprehensive list of suggested management questions you may wish to consider in upcoming diligence or…

Amarillo, TX isn’t just home to the Quarter Horse Hall of Fame (Quarter horses are an American breed that excels at sprinting short distances) – it may soon host one of the most ambitious behind-the-meter…

But the truth shall set you free. We are long the following positons as of the time of this writing: Oct (NG1) $3.15 Calls (LNE); Expiry Sep 25th 2025 (#hide); DEC (NG3) $4.50 Calls (LNE);…

…based on the most recently filed Joint Letter to Stockholders of Crescent Energy Company and Vital Energy Inc (link). Of course, we can’t say for sure, but we always like to play the ‘who were…

Summarizing key chatter and high-level discussions from the week… Within we focus on: Most discussed stocks during the past week (we will rank these in terms of investor interest); Most discussed macro/ industry themes discussed…

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 free of charge. However,…

Effective immediately, we are initating a new Long/ Short Pair Trade Idea in the Energy Infrastructure/ Midstream Space – all marks as of ~13:55 ET. Full details within. Clients can reach out directly to discuss….