Fundamental Analyses, Contrarian Cashflows

Contrarian Cashflows

Fundamental Analyses

The purpose of Contrarian Cashflows is to document my investment research and share it with everyone who is interested in value investing. My long term aspiration for Contrarian Cashflows is to become a platform for professional investors and serious amateurs where they can get inspiration and discuss investing-related topics.
I plan to publish one company deep dive per month that is guided by my investment approach. All information I use for my write-ups is publicly available and most of the time directly sourced from public filings issued by the respective companies. To guarantee maximum transparency, for every post I provide a list of all used sources in the resources section.
Contrarian Cashflows is built around the principles of respect, honesty, open-mindedness and a touch of humour. Please consider these principles in any engagement interaction with me, other readers and the content on this blog. Misbehaviour is not tolerated.
If you want to reach out to me directly, the best way is via LinkedIn, Twitter or email. You can find the details at my homepage contrariancashflows.com

Thematic (Sector/Industry)

<ul><li>Each week, I’ll share five intriguing investment ideas that recently caught my attention. These ideas are meant to spark your research and help you kickstart the week ahead with fresh insights.</li><li>Because these ideas are the result of my first-level idea generation process, they require more in depth research. Therefore, the ideas will often be concise, with occasional references to valuable work from other practitioners that I encourage you to explore.</li><li>If you have something fascinating to share that could benefit me and the wider community, don’t hesitate to send it my way—I’d love to hear from you!</li></ul>

Each week, I’ll share five intriguing investment ideas that recently caught my attention. These ideas are meant to spark your research and help you kickstart the week ahead with fresh insights.Because these ideas are the result of my first-level idea generation process, they require more in depth research. Therefore, the ideas will often be concise, with occasional references to valuable work from other practitioners that I encourage you to explore.If you have something fascinating to share that could benefit me and the wider community, don’t hesitate to send it my way—I’d love to hear from you!

Focused on the Climate–Nature Nexus., Carbon Tracker Initiative

Carbon Tracker Initiative

Focused on the Climate–Nature Nexus.

Carbon Tracker and Planet Tracker - part of the Tracker Group - are award-winning, non-profit financial think tanks focused on the climate–nature nexus.

Equity Bottom-Up

<ul><li>What Lies Beneath delivers a clear warning investors cannot afford to overlook: asset retirement obligations (AROs) represent a financially material, fast‑evolving risk for oil and gas companies—and current disclosures fall far short of what is needed to judge that exposure.</li><li>This research provides a rigorous, data‑driven assessment showing that, across 38 companies in Australia, Canada, and the UK, transparency around AROs is deeply inadequate—despite the obligations often reaching levels comparable to, or even exceeding, shareholders’ equity.</li><li>The report reveals that most companies provide only fragmentary insight into the estimated costs, timing, discount rates, and inflation assumptions underpinning their ARO liabilities, leaving investors unable to assess liquidity impacts or the risk of abrupt increases in decommissioning costs as the energy transition accelerates.</li></ul>

What Lies Beneath delivers a clear warning investors cannot afford to overlook: asset retirement obligations (AROs) represent a financially material, fast‑evolving risk for oil and gas companies—and current disclosures fall far short of what is needed to judge that exposure.This research provides a rigorous, data‑driven assessment showing that, across 38 companies in Australia, Canada, and the UK, transparency around AROs is deeply inadequate—despite the obligations often reaching levels comparable to, or even exceeding, shareholders’ equity.The report reveals that most companies provide only fragmentary insight into the estimated costs, timing, discount rates, and inflation assumptions underpinning their ARO liabilities, leaving investors unable to assess liquidity impacts or the risk of abrupt increases in decommissioning costs as the energy transition accelerates.

Energy Transition: Asset Retirement Obligations: What Lies Beneath?

Leading International Investment Research, Edison Investment Research

Edison Investment Research

Leading International Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Centrica plc is a British multinational energy and services company with its headquarters in Windsor, Berkshire. Its principal activity is the supply of electricity and gas to consumers in the United Kingdom and Ireland. It also provides energy solutions and trading to businesses worldwide.

Video: Centrica | Company Presentation | Edison Open House: Transport Futures 2021

United Kingdom

Centrica plc is a British multinational energy and services company that provides electricity and gas supply, energy solutions, and home services. The company connects customers to secure, efficient, and low-carbon energy solutions, including smart technology and energy storage, operating through brands like British Gas and Bord Gáis Energy. It was founded in 1997 and is headquartered in Windsor, United Kingdom.

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Centrica (CNA LN)

Monday Delight: 29/09/25

Each week, I’ll share five intriguing investment ideas that recently caught my attention. These ideas are meant to spark your research and help...

Contrarian Cashflows

Energy Transition: Asset Retirement Obligations: What Lies Beneath?

What Lies Beneath delivers a clear warning investors cannot afford to overlook: asset retirement obligations (AROs) represent a financially...

Carbon Tracker Initiative

Video: Centrica | Company Presentation | Edison Open House: Transport Futures 2021

Centrica plc is a British multinational energy and services company with its headquarters in Windsor, Berkshire. Its principal activity is the...

Edison Investment Research

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