JMP Securities’ Post

We are thrilled to unveil the 2024 TSX 30, our annual ranking of the top 30 performing stocks on the Toronto Stock Exchange. TSX 30 highlights the companies that have delivered the highest dividend-adjusted share price performance over a three year period. Some key takeaways for our Latam audience: 1. The 2024 TSX30 ranking shows global investor interest in companies supporting the energy transition, particularly in oil and gas, industrial products, and mining sectors.   2. Energy companies lead the ranking, with 16 of the 30 top performers, reflecting their key role in enabling the transition to cleaner energy sources, which is a growing focus in Latin America as well.   3. Half of the mining companies on the list are involved in base metals, which are essential for electric vehicles (EVs), batteries, and low-carbon renewable energy – sectors also gaining traction in Latam.   4. Hammond Power Solutions Inc (HPS.A), a company providing transformers for alternative energy systems like wind power, tops the list with a 928% increase in dividend-adjusted share price over three years, showing the rising importance of energy infrastructure.   5. Celestica Inc. (CLS), which supports grid stability and EV infrastructure, ranks second with a 706% rise, highlighting the critical role of companies building clean energy capacity, relevant to Latin America’s growing clean power initiatives.  6. Traditional energy companies, like Athabasca Oil Corp. (ATH), maintain strong positions with a 429% share price appreciation, emphasizing that oil and gas continue to play a major role in global energy security. 7. Latin American investors and policymakers can draw parallels between the TSX30's emphasis on energy transition and opportunities in Latam, where clean energy projects are on the rise.   8. The mining sector, crucial for the TSX30 companies like Cameco Corp. (CCO) in the uranium space, is also key to Latin America’s natural resource wealth, particularly in metals needed for global energy transition technologies.  9. The focus on electrification and grid stability in TSX30 reflects a global trend Latam countries are also prioritizing, as they look to enhance energy infrastructure and adopt more sustainable energy solutions.   10. Investors globally are attracted to companies that balance traditional energy sources with future-focused clean energy technologies, a lesson Latin American companies can leverage to attract international investment. See the list: https://lnkd.in/d8hy-sRh #TSX30

Global oil and gas companies have read the memo about dividends and shareholder returns. The oil and gas sector is forecast by S&P Global Market Intelligence to be the equal largest dividend paying sector with banks, after several years of being the largest. They write: "[Oil and gas companies in] developed markets are anticipated to continue to prioritize a combination of regular dividends and buybacks as their primary approach for rewarding shareholders" Their analysis is below: https://lnkd.in/gvza-raR

We are pleased to present the results of a Competent Persons Report in relation to the Pensacola discovery on Licence P2252 in the Southern North Sea (#DELT: 30%). This independent assessment by RPS, a leading provider of CPR services in the UK, estimates that the Pensacola Zechstein Reef discovery contains 2C Contingent Resources, net to Deltic, of 21.8mmboe in the combined case and 15mmboe in the gas only case. RPS also estimates a 2C post-tax NPV10 of $199-205m net to Deltic. Read the summary report here: https://lnkd.in/exD4-mNA #Energy #NorthSea #Gas #Oil #OffshoreEnergy #UK

Providing a reliable natural gas source for Alaskans is a good first step as long as it is followed by making this gas available to the world markets. Without the second step it does not make much financial sense.

BP, one of the major players in the oil and gas industry, experienced a decline in its stock price on Tuesday, underperforming the broader market. The decrease in BP’s share price suggests that the company faced challenges or negative sentiment that led to a weaker performance compared to the overall market. Several factors could have contributed to BP’s stock falling and underperforming the market on that particular day: 1. Oil Prices: Fluctuations in global oil prices can impact the stock prices of oil companies like BP. A drop in oil prices on that day may have affected BP’s stock performance. 2. Market Sentiment: Investor sentiment, market trends, or broader economic conditions can influence stock prices. Negative news, geopolitical tensions, or concerns about the energy sector may have weighed on BP’s stock. 3. Company-Specific News: Any company-specific announcements, financial results, operational updates, or regulatory issues could have impacted BP’s stock price negatively. 4. Competitive Landscape: Changes in the competitive environment, industry dynamics, or shifts in market share could have influenced investor perception of BP’s growth prospects and financial performance. 5. Macroeconomic Factors: Macroeconomic indicators, such as interest rate changes, inflation data, or geopolitical events, can affect stock prices across sectors, including energy companies like BP. Investors and analysts may closely monitor BP’s stock performance, track relevant news and developments in the oil and gas industry, and assess the company’s financial health and strategic initiatives to understand the factors driving its stock movements. Understanding the reasons behind BP’s underperformance on a specific day can provide insights into the company’s resilience, market positioning, and potential risks and opportunities for investors in the energy sector.

Here’s why you shouldn't write off natural gas investments just yet! Despite past struggles, natural gas demand is surging due to extreme weather and high LNG exports. Key stocks like Chevron, Kinder Morgan, and Cheniere Energy Partners offer solid dividends and strong market positions. Check out these top natural gas stocks and start earning dividends today! https://lnkd.in/egK8YymP

Despite Exxon Mobil (#XOM) reporting its second-highest earnings of the decade in Q2 24 amid rising oil prices, the company cautioned #investors over a potential drop in upstream earnings for Q3. Check out our latest article for insights and steps to #trade XOM Share #CFDs with FP Markets. #FPMarkets #CFDtrading #ExxonMobil https://lnkd.in/dFftDyeg

Despite Exxon Mobil (#XOM) reporting its second-highest earnings of the decade in Q2 24 amid rising oil prices, the company cautioned #investors over a potential drop in upstream earnings for Q3. Check out our latest article for insights and steps to #trade XOM Share #CFDs with FP Markets. #FPMarkets #CFDtrading #ExxonMobil https://lnkd.in/dFftDyeg

PBF Energy ( $PBF ) social hype LOW KEY. Current probability of distress is under 9%: The company currently falls under 'Mid-Cap' category with a total capitalization of 6.76 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate PBF Energy's market, we take the total number of its shares issued and multiply it by PBF Energy's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. PBF Energy maintains retained earnings of 4.09 b. PBF Energy is trading at 56.29, which is -0.76 percent decrease. Day Low was 55.19. https://lnkd.in/g6gGAhgp #trading #ideas #stocks

Jersey Oil & Gas is pleased to announce its unaudited Interim Results for the six month period ended 30 June 2024. Highlights include: Significant progress made across all engineering, subsurface and regulatory workstreams to position the Buchan Horst for formal approval Second GBA farm-out transaction to Serica Energy completed in February 2024 which enabled JOG to secure a fully funded 20% interest in the Buchan development project Multiple regulatory submissions have been made as part of moving towards Field Development Plan approval As at 30 June 2024, the Company had a cash balance of approximately £13 million and no debt. Andrew Benitz, CEO of Jersey Oil & Gas, commented: “The first half of the year has been marked by both highs and lows for the Company. The high of the farm-out success has been tempered over the course of the year by the fiscal and political turmoil the UK oil and gas industry has faced. Whilst demand for hydrocarbons continues during the energy transition, developing homegrown energy provides the UK with a cleaner and more secure solution than relying on carbon intensive imported fuels. The Buchan project has the potential to create over 1,000 jobs across many parts of the UK supply chain and over 200 project related jobs, attract private investment of around £1 billion into the UK economy, generate hundreds of millions in UK tax revenues and deliver accelerated investment in new offshore renewable electricity generation. Against that backdrop, we hope that the Government will ensure that sense prevails and the right fiscal and regulatory environment is established to enable the UK’s oil and gas industry to continue being a highly valuable contributor to the economy for years to come, whilst we transition to a lower carbon economy.” Read the full report here: https://lnkd.in/gWN3Fu-F #JOG #NorthSea