Maritime Transportation’s Post

The “renewables” sell off is now under way. The big corporates know the real future profits are. In the fossil fuel related industries that are desparately needed, to continue world economic growth and improvements to the well being of its inhabitants.

"[Diamondback Energy's Chairman of the Board and Chief Executive Officer Travis Stice] said in a letter to shareholders that was part of a filing with the Securities and Exchange Commission, that on April 29 the company had received a second request for information and documents from the Federal Trade Commission. " 'This second request was factored into our previously announced closing timeline. We still expect the Endeavor transaction to close in the fourth quarter of this year and will provide more information when possible,' he wrote." The Federal Trade Commission recently withdrew its objections to ExxonMobil's merger with Pioneer Natural Resources Company only after XOM agreed to not place Pioneer's CEO Scott Sheffield on its board of directors: "ExxonMobil gets regulatory OK to acquire Pioneer," MRT, 5/2/24: LINK: https://lnkd.in/gzAxQJry "ExxonMobil announced that the company has received clearance from the Federal Trade Commission to complete its $60 billion acquisition of Pioneer Natural Resources Company. The deal is expected to close Friday, May 3. "However, ExxonMobil has agreed not to add former Pioneer Chief Executive Officer Scott Sheffield to its board of directors after the FTC raised allegations that Sheffield had colluded with the Organization of Petroleum Exporting Countries and affiliated countries to raise oil prices." h/t Midland Reporter-Telegram. This article requires a free account login to view. It is not behind a paywall, although an MRT digital subscription is certainly worth considering for their excellent industry news! #energy #energyindustry #oil #oilindustry #oilgas #oilandgas #natgas #naturalgas #energystrong #shale #shaleoil #shalegas #oilprice #opec #wti #brent #commodities #hydrocarbons #antitrust #permian #permianbasin #delawarebasin https://lnkd.in/gjEmYyjJ

NTPC Green Energy Limited IPO is a book built issue of Rs 10,000.00 crores. The issue is entirely a fresh issue of 92.59 crore shares. NTPC Green Energy IPO opens for subscription on November 19, 2024 and closes on November 22, 2024. The allotment for the NTPC Green Energy IPO is expected to be finalized on Monday, November 25, 2024. NTPC Green Energy IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, November 27, 2024. NTPC Green Energy IPO price band is set at ₹102 to ₹108 per share. The minimum lot size for an application is 138 Shares. The minimum amount of investment required by retail investors is ₹14,904. The minimum lot size investment for sNII is 14 lots (1,932 shares), amounting to ₹208,656, and for bNII, it is 68 lots (9,384 shares), amounting to ₹1,013,472. Liked the information? Follow Abhishek Rawat for more such insights #stockmarket #finance #business #economy #personalfinance #wealth #nifty50 #sensex #banknifty #stockmarketindia #ipo #cfa #investing #equityresearch

NTPC Green Energy IPO: From Hot to Not? 🔥 ... The NTPC Green Energy IPO started with a bang 💥 with investors buying 1 share of the parent to apply in the Shareholders quote, but the IPO seems to be losing interest. Initially, the price band of ₹25-30 had investors buzzing and the grey market premium (GMP) soaring . But as the price climbed to ₹120-125, finally settling at 108, the valuation appeared less attractive, leading to the disappearance of the GMP and a waning of investor enthusiasm. Several articles have analyzed the reasons behind this shift in sentiment. Moneycontrol and Business Standard highlighted the impact of the increased price band on investor perception, suggesting that the IPO is now overpriced compared to its parent company, NTPC. Livemint echoed this sentiment, emphasizing the valuation gap and suggesting that investors might find NTPC a more appealing investment option. Furthermore, concerns have been raised about the company's financial performance and growth prospects. Business Standard questioned the justification for the high valuation given the company's current profitability, while Financial Express discussed the potential negative impact of the IPO's performance on overall market sentiment. Outlook India stressed the importance of realistic IPO pricing for long-term market health and retail investor confidence. The lukewarm response to the NTPC Green Energy IPO serves as a valuable lesson for merchant bankers and the government, emphasizing the need for fair valuations and investor-friendly pricing strategies in future public offerings.#NTPCGreenEnergy #IPO #Investment #StockMarket #Valuation #RenewableEnergy

https://lnkd.in/dShh-AMs Lehman Brothers | Deal Books "Over 900 deal books, from 1925-1986, are included in the Lehman Brothers Collection. Investment firms like Lehman Brothers created these large bound volumes in the process of conducting various business transactions including mergers, initial and common stock offerings, and debentures. The volumes contain agreements between the sellers and underwriters, prospectuses and other literature advertising an offer, filings of the U.S. Securities and Exchange Commission, and correspondence. The companies represented in the deal books are extremely diverse, from small companies that survived only a few years to Fortune 500 companies that still exist today.The collection testifies to the broad reach Lehman Brothers had in both established and emerging enterprises during the course of its 158-year history." #airproducts #library

Fantasy schemes cannot protect the planet—they defund institutions, investors, and society of the productivity and prosperity needed for real progress. #Germany, it’s time to renew your vision for materials and energy! #efuels #energytransition #materialsfuture #climatetalks

Nel ASA: Exploring a spin-off and separate listing of the Fueling division Nel has initiated a process to explore and prepare for a potential spin-off and separate listing of its Fueling division with the intention to create two independent pure-play companies aiming to become market leaders in their respective fields. "We have seen limited synergies between the Fueling and Electrolyser divisions and believe each business will be better positioned to become market leaders in their respective fields by operating independently,” says Nel’s CEO, Håkon Volldal. One year ago, when Nel presented its fourth quarter 2022 report, the company stated it was considering strategic actions for its Fueling division. Nel is now exploring spinning off the Fueling division as a dividend-in-kind to all existing Nel ASA shareholders and applying for listing of the shares in the separate fueling company on an OSE regulated market during 2024. This will create two streamlined and focused companies that can pursue their individual strategic agendas. Nel will ensure that the independent fueling company will have a sufficient liquidity runway at the time of listing. “The underlying market drivers for electrolysers and hydrogen fueling stations remain strong. We believe that two independent and focused companies represent the structure that maximizes the likelihood of success for each business and therefore long-term shareholder value,” Volldal says. The decision to spin off and separately list the Fueling division has not yet been concluded and no assurances can currently be given that it will be completed. If completed, the shares of Nel (comprising its Electrolyser division) will remain listed on the OSE under the ticker "NEL". #nelhydrogen #fueling

Big Moves by Santos Limited (ASX: STO) Santos Limited (ASX: STO) is stepping up for its shareholders and the planet! Starting 2026, the company plans to increase shareholder returns, raising its free cash flow payout target to 60%, supported by its Barossa gas project and Pikka oil project coming online. When gearing drops below 15-25%, all free cash flow will be returned via dividends and buybacks. Santos is also advancing its sustainability agenda, targeting 14 million tonnes of CO₂ storage annually by 2040, addressing 50% of its scope three emissions. At the time of writing, these steps reflect Santos' commitment to growth and sustainability amidst evolving investor expectations. Stay tuned for more updates! #Santos #ASXSTO #Sustainability #ShareholderReturns #EnergyTransition * Click here to subscribe for free 7-day access to our daily market insights and analysis: https://Inkd.in/gxhra/gd

“The bunker sector is on the brink of a major consolidation and a reinvention of business models, driven by new fuels, regulations, and customer demands.”   Last week, Kenneth Dam, our Global Head of Bunkering, and Margaux Moore, Trafigura’s Head of Energy Transition Group and Venture Capital Investments, contributed to a Lloyd's List article on the ongoing and future challenges of achieving a more sustainable bunkering sector. Read the full article written by Richard Meade and Enes Tunagur below. https://lnkd.in/d6zzMxFJ #MarineFuelsModernised #TFGMarine #MarineFuelTransparency #AlternativeFuels #Bunkering