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>For the week ending 03/Jan, U.S. crude inventories fell by 1m barrels, missing expectations of a 1.8m barrel decrease. Gasoline and distillate stockpiles rose more than expected.</li>
<li>U.S. natural gas inventories fell by 40 Bcf for the week ending 03/Jan, moderately beating analyst expectations of a 39 Bcf drawdown. Inventories are 6.5% above the 5-year seasonal average.</li>
<li>Analysts lowered 12-month PTs on Exxon, BP, Halliburton, TotalEnergies, and SLB. Morgan Stanley upgraded rating on Shell to Overweight and raised PT to USD 79.8 from USD 66.5.</li>
</ul>


For the week ending 03/Jan, U.S. crude inventories fell by 1m barrels, missing expectations of a 1.8m barrel decrease. Gasoline and distillate stockpiles rose more than expected.
U.S. natural gas inventories fell by 40 Bcf for the week ending 03/Jan, moderately beating analyst expectations of a 39 Bcf drawdown. Inventories are 6.5% above the 5-year seasonal average.
Analysts lowered 12-month PTs on Exxon, BP, Halliburton, TotalEnergies, and SLB. Morgan Stanley upgraded rating on Shell to Overweight and raised PT to USD 79.8 from USD 66.5.


[ETP 2025/02] Bearish EIA Inventory Report Drags WTI Prices, Henry Hub Rebounds on Tightening Supply

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>Reliance Jio plans a Rs. 40,000 crore IPO, with pre-IPO placements underway, leveraging AI, satellite internet, and 5G growth.</li>
<li>Eicher Motors posts 7% revenue growth, despite slight dip in Royal Enfield sales, with a strategic foray into electric vehicles.</li>
<li>VI plans aggressive 5G rollout with 15% discounted entry-level plans, targeting 75 cities and aiming to rebuild its subscriber base.</li>
</ul>


Reliance Jio plans a Rs. 40,000 crore IPO, with pre-IPO placements underway, leveraging AI, satellite internet, and 5G growth.
Eicher Motors posts 7% revenue growth, despite slight dip in Royal Enfield sales, with a strategic foray into electric vehicles.
VI plans aggressive 5G rollout with 15% discounted entry-level plans, targeting 75 cities and aiming to rebuild its subscriber base.


#78 India Insight: Jio’s ₹40,000 Cr IPO, Eicher Motors' 7% Rev Growth, and VI’s 5G Rollout

<ul>
<li>
<a href="https://www.smartkarma.com/entities/reliance-industries-ltd" target="_blank" data-smartkarma-citation="entities:198:1" rel="noopener">Reliance Industries (RIL IN)</a>  acquires Karkinos Healthcare for Rs. 375 crore, expanding its oncology services and strengthening its healthcare portfolio with technology-driven solutions</li>
<li>
<a href="https://www.smartkarma.com/entities/adani-enterprises-ltd" target="_blank" data-smartkarma-citation="entities:245:1" rel="noopener">Adani Enterprises (ADE IN)</a>  exits its joint venture with Wilmar, raising $2 billion to invest in core infrastructure sectors.</li>
<li>Navi Mumbai International Airport (NMIA), a Rs 18,000 crore public-private partnership, is set to open on April 17th, 2025, boosting India's aviation landscape.</li>
</ul>



Reliance Industries (RIL IN)  acquires Karkinos Healthcare for Rs. 375 crore, expanding its oncology services and strengthening its healthcare portfolio with technology-driven solutions

Adani Enterprises (ADE IN)  exits its joint venture with Wilmar, raising $2 billion to invest in core infrastructure sectors.
Navi Mumbai International Airport (NMIA), a Rs 18,000 crore public-private partnership, is set to open on April 17th, 2025, boosting India's aviation landscape.


#77 India Insight: Reliance Targets Oncology, Adani’s $2 Bn Infrastructure Push, NMIA Opens 2025

Asset Allocation & Fund Positioning, Copley Fund Research

Steven Holden

Asset Allocation & Fund Positioning

Copley Fund Research

Copley Fund Research provide research and data on asset allocation among Global and Emerging Market equity funds.  The analysis details absolute and relative positioning across countries, sectors and industries together with highly granular data on single stock and single fund allocations.  The data is updated monthly with time series going back to January 2011.

Global Research - Analysis of 165 prominent Global equity funds, combined AUM $335bn
GEM Research - Analysis of 127 prominent global EM equity funds, combined AUM $250bn

Asset Allocation - Global and GEM Equity

Cross Asset Strategy

<ul>
<li>Top holdings remain unchanged: TSMC, Samsung Electronics, and Tencent are almost universally owned. TSMC hits record weights but active funds sell into strength as benchmark weights surpass 10%</li>
<li>Hon Hai, Hyundai Motor, and Singtel lead recoveries from prolonged declines. Baidu Inc. and Kweichow Moutai see sharp ownership drops.</li>
<li>Momentum leaders include Accton Technology, CATL, and KE Holdings. By contrast, Axis Bank, PDD, and Reliance face stalling ownership.</li>
</ul>


Top holdings remain unchanged: TSMC, Samsung Electronics, and Tencent are almost universally owned. TSMC hits record weights but active funds sell into strength as benchmark weights surpass 10%
Hon Hai, Hyundai Motor, and Singtel lead recoveries from prolonged declines. Baidu Inc. and Kweichow Moutai see sharp ownership drops.
Momentum leaders include Accton Technology, CATL, and KE Holdings. By contrast, Axis Bank, PDD, and Reliance face stalling ownership.


Asia Ex-Japan Funds:  Stock Positioning Update

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

<ul>
<li>
<a href="https://www.smartkarma.com/entities/reliance-industries-ltd" target="_blank" data-smartkarma-citation="entities:198:1" rel="noopener">Reliance Industries (RIL IN)</a>, is planning to ink a historic deal with Russia's Rosneft, securing a staggering 500,000 barrels of crude oil per day for the next decade: Reuters</li>
<li>The geopolitical fallout from the Russia-Ukraine conflict, coupled with sanctions imposed by Western nations, has created a unique opportunity for India to secure energy resources at a significant discount. </li>
<li>While the deal promises to enhance India's energy security and fuel its economic engine, it also risks straining ties with Western partners and exposing Reliance to potential sanctions. </li>
</ul>



Reliance Industries (RIL IN), is planning to ink a historic deal with Russia's Rosneft, securing a staggering 500,000 barrels of crude oil per day for the next decade: Reuters
The geopolitical fallout from the Russia-Ukraine conflict, coupled with sanctions imposed by Western nations, has created a unique opportunity for India to secure energy resources at a significant discount. 
While the deal promises to enhance India's energy security and fuel its economic engine, it also risks straining ties with Western partners and exposing Reliance to potential sanctions. 


How Reliance's Russian Oil Deal May Reshape India's Energy Landscape?

India

Reliance Industries is an Indian multinational conglomerate with diverse businesses including energy, petrochemicals, oil and gas exploration, telecommunications (Jio), and retail (Reliance Retail). The company is a major producer of petroleum products and a significant player in digital services and consumer goods. Reliance Industries is headquartered in Mumbai, India, and was founded in 1958.

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Reliance Industries (RELIANCE IN)

[ETP 2025/02] Bearish EIA Inventory Report Drags WTI Prices, Henry Hub Rebounds on Tightening Supply

US crude inventories fell less than expected, while gasoline and distillate stockpiles rose; nat-gas withdrawal beat expectations. Analysts...

Mint Finance

#78 India Insight: Jio’s ₹40,000 Cr IPO, Eicher Motors' 7% Rev Growth, and VI’s 5G Rollout

Reliance Jio, Eicher Motors, and VI are all making strategic moves in the tech and telecom industry to drive growth and innovation.

Sudarshan Bhandari

#77 India Insight: Reliance Targets Oncology, Adani’s $2 Bn Infrastructure Push, NMIA Opens 2025

Reliance Industries acquires Karkinos Healthcare, Adani Enterprises exits joint venture with Wilmar, Navi Mumbai International Airport set to open...

Sudarshan Bhandari

Asia Ex-Japan Funds: Stock Positioning Update

Top holdings remain unchanged: TSMC, Samsung Electronics, and Tencent are almost universally owned. TSMC hits record weights but active funds sell...

Steven Holden

How Reliance's Russian Oil Deal May Reshape India's Energy Landscape?

Reliance Industries to secure 500,000 barrels of crude oil per day from Russia's Rosneft, amid geopolitical tensions and potential risks.

Nimish Maheshwari

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52-week Range

Market Cap (USDm)

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Dividend (Yield)

[ETP 2025/02] Bearish EIA Inventory Report Drags WTI Prices, Henry Hub Rebounds on Tightening Supply

​US crude inventories fell less than expected, while gasoline and distillate stockpiles rose; nat-gas withdrawal beat expectations. Analysts...

Mint Finance

#78 India Insight: Jio’s ₹40,000 Cr IPO, Eicher Motors' 7% Rev Growth, and VI’s 5G Rollout

​Reliance Jio, Eicher Motors, and VI are all making strategic moves in the tech and telecom industry to drive growth and innovation.

Sudarshan Bhandari

#77 India Insight: Reliance Targets Oncology, Adani’s $2 Bn Infrastructure Push, NMIA Opens 2025

​Reliance Industries acquires Karkinos Healthcare, Adani Enterprises exits joint venture with Wilmar, Navi Mumbai International Airport set to open...

Sudarshan Bhandari

Asia Ex-Japan Funds: Stock Positioning Update

Top holdings remain unchanged: TSMC, Samsung Electronics, and Tencent are almost universally owned. TSMC hits record weights but active funds sell...

Steven Holden

How Reliance's Russian Oil Deal May Reshape India's Energy Landscape?

​Reliance Industries to secure 500,000 barrels of crude oil per day from Russia's Rosneft, amid geopolitical tensions and potential risks.

Nimish Maheshwari

US crude inventories fell less than expected, while gasoline and distillate stockpiles rose; nat-gas withdrawal beat expectations. Analysts...

Reliance Jio, Eicher Motors, and VI are all making strategic moves in the tech and telecom industry to drive growth and innovation.

Reliance Industries acquires Karkinos Healthcare, Adani Enterprises exits joint venture with Wilmar, Navi Mumbai International Airport set to open...

Reliance Industries to secure 500,000 barrels of crude oil per day from Russia's Rosneft, amid geopolitical tensions and potential risks.