Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Commodities

<ul>
<li>WTI rallied 9.2% last week as Middle East tensions lifted geopolitical risk premiums, before easing diplomacy unwound gains. Positioning suggests markets expect continued volatility rather than a sustained bull market.</li>
<li>Investor flows favoured traditional energy, with XOP, IXC and XLE attracting inflows, while ICLN saw outflows, highlighting continued rotation away from clean energy toward oil and gas.</li>
<li>NextEra's EPS beat masked weaker-than-expected revenue and EBITDA, while stronger operating cash flow and AI-driven electricity demand continued to support its longer-term growth outlook.</li>
</ul>


WTI rallied 9.2% last week as Middle East tensions lifted geopolitical risk premiums, before easing diplomacy unwound gains. Positioning suggests markets expect continued volatility rather than a sustained bull market.
Investor flows favoured traditional energy, with XOP, IXC and XLE attracting inflows, while ICLN saw outflows, highlighting continued rotation away from clean energy toward oil and gas.
NextEra's EPS beat masked weaker-than-expected revenue and EBITDA, while stronger operating cash flow and AI-driven electricity demand continued to support its longer-term growth outlook.


Energy Weekly (W/E 24/Jul): Markets Priced Risk, Investors Rotated Capital, and NextEra Stays Course

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>We will stay near-term bullish as long as crucial support levels of 6780-6824 on SPX and $255-$257 on IWM continue to hold</li>
<li>We see deterioration in market dynamics, and while we still expect a period of consolidation/pullback, aforementioned support levels need to break to give us confidence that the pullback has begun.</li>
<li>We are upgrading Staples (XLP) to overweight, and we are downgrading Services to underweight</li>
</ul>


We will stay near-term bullish as long as crucial support levels of 6780-6824 on SPX and $255-$257 on IWM continue to hold
We see deterioration in market dynamics, and while we still expect a period of consolidation/pullback, aforementioned support levels need to break to give us confidence that the pullback has begun.
We are upgrading Staples (XLP) to overweight, and we are downgrading Services to underweight


Upgrading Staples to Overweight; Downgrading Services. Still Cautious; Market Dynamics Deteriorating

Providing investors with a balanced perspective, Massif Capital

Massif Capital Research

Providing investors with a balanced perspective

Massif Capital

Research focused on providing investors with a balanced perspective on the environmental and economic realities of achieving a carbon-neutral economy for businesses within the Energy, Basic Materials and Industrial industries.

The Massif Capital Real Asset Strategy is a global long/short equity strategy built around bottom-up stock picking. We are focused on creating a portfolio of businesses from within the Energy, Basic Materials and Industrial sectors that balance the environmental and economic realities of achieving a carbon-neutral economy.

Macroeconomics

<h3>This Week's Key Take Aways</h3><ul><li>Volatility suggests markets are not concerned about…anything.</li><li>Crude has a down month.</li><li>Industrials have had a great 8 months, will it continue?</li><li>Renewable investment growth continues, everywhere but the US.</li><li>The market has pre-priced in cuts; will it subdue the economic impact?</li></ul>

This Week's Key Take AwaysVolatility suggests markets are not concerned about…anything.Crude has a down month.Industrials have had a great 8 months, will it continue?Renewable investment growth continues, everywhere but the US.The market has pre-priced in cuts; will it subdue the economic impact?

Real Asset Chartbook Week #19: Volatility Is Low, Crude Is Down, and Industrials Are on a Roll

<h3><strong>This Week's Key Take Aways</strong></h3>
<ul>
<li>Lithium stock run may already be out of steam</li>
<li>Like Oil, the Natural Gas markets appear well supplied and are showing near-term weakness.</li>
<li>No love for North American lumber</li>
<li>Copper continues to have us on edge, love the long-term story, but we have got to survive the short and medium term to get there.</li>
<li>Renewable tax credit qualification has a new physical work standard; the race is on to build.</li>
</ul>

This Week's Key Take Aways

Lithium stock run may already be out of steam
Like Oil, the Natural Gas markets appear well supplied and are showing near-term weakness.
No love for North American lumber
Copper continues to have us on edge, love the long-term story, but we have got to survive the short and medium term to get there.
Renewable tax credit qualification has a new physical work standard; the race is on to build.


Real Asset Chartbook Week #18: Lithium Blinks, Gas Slips, Copper Stalls—Who Survives the Grind?

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

Cross Asset Strategy

<ul><li>Technically, the SET Index is expected to move in a sideways-down pattern, with the support at 1,334/1,330 points and the resistance at 1,350/1,355 points.</li><li>Short-term investment sentiment has turned cautious, with concerns that the index may drop to retest 1,330/1,300 points.</li><li>This follows a sharp reversal yesterday, forming a black candlestick after two days of an upward trend, and raising the possibility of a new sell signal if the index breaks the key support level at 1,334 points today.</li></ul>

Technically, the SET Index is expected to move in a sideways-down pattern, with the support at 1,334/1,330 points and the resistance at 1,350/1,355 points.Short-term investment sentiment has turned cautious, with concerns that the index may drop to retest 1,330/1,300 points.This follows a sharp reversal yesterday, forming a black candlestick after two days of an upward trend, and raising the possibility of a new sell signal if the index breaks the key support level at 1,334 points today.

Composite Manufacturing and Services PMIs of the US, EU, and Japan, and the BoJ Meeting

United States

NextEra Energy, Inc. provides sustainable energy generation and distribution services. The Company generates electricity through wind, solar, and natural gas. Through its subsidiaries, NextEra Energy also operates multiple commercial nuclear power units.

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Nextera Energy (NEE US)

Energy Weekly (W/E 24/Jul): Markets Priced Risk, Investors Rotated Capital, and NextEra Stays Course

WTI surged on Middle East tensions but eased on diplomacy. Investor flows favour traditional energy over clean energy. NextEra's EPS beat, but...

Mint Finance

Upgrading Staples to Overweight; Downgrading Services. Still Cautious; Market Dynamics Deteriorating

Upgrading Staples $XLP to Overweight; Downgrading Services. Cautious $SPX $QQQ; Market Dynamics Deteriorating as Defensives Take the Lead $XLU...

Vermilion Research

Real Asset Chartbook Week #19: Volatility Is Low, Crude Is Down, and Industrials Are on a Roll

This Week's Key Take Aways Volatility suggests markets are not concerned about…anything. Crude has a down month. Industrials have had a great 8...

Massif Capital Research

Real Asset Chartbook Week #18: Lithium Blinks, Gas Slips, Copper Stalls—Who Survives the Grind?

This Week's Key Take Aways Lithium stock run may already be out of steam Like Oil, the Natural Gas markets appear well supplied and are showing...

Massif Capital Research

Composite Manufacturing and Services PMIs of the US, EU, and Japan, and the BoJ Meeting

Technically, the SET Index is expected to move in a sideways-down pattern, with the support at 1,334/1,330 points and the resistance at...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Energy Weekly (W/E 24/Jul): Markets Priced Risk, Investors Rotated Capital, and NextEra Stays Course

​WTI surged on Middle East tensions but eased on diplomacy. Investor flows favour traditional energy over clean energy. NextEra's EPS beat, but...

Mint Finance

Upgrading Staples to Overweight; Downgrading Services. Still Cautious; Market Dynamics Deteriorating

Upgrading Staples $XLP to Overweight; Downgrading Services. Cautious $SPX $QQQ; Market Dynamics Deteriorating as Defensives Take the Lead $XLU...

Vermilion Research

Real Asset Chartbook Week #19: Volatility Is Low, Crude Is Down, and Industrials Are on a Roll

This Week's Key Take Aways Volatility suggests markets are not concerned about…anything. Crude has a down month. Industrials have had a great 8...

Massif Capital Research

Real Asset Chartbook Week #18: Lithium Blinks, Gas Slips, Copper Stalls—Who Survives the Grind?

This Week's Key Take Aways Lithium stock run may already be out of steam Like Oil, the Natural Gas markets appear well supplied and are showing...

Massif Capital Research

Composite Manufacturing and Services PMIs of the US, EU, and Japan, and the BoJ Meeting

Technically, the SET Index is expected to move in a sideways-down pattern, with the support at 1,334/1,330 points and the resistance at...

Krungthai XSpring

WTI surged on Middle East tensions but eased on diplomacy. Investor flows favour traditional energy over clean energy. NextEra's EPS beat, but...