
In today’s briefing:
- Veren Energy: Could Its Infrastructure Optimization & Expansion Be a Game-Changing Move? – Major Drivers
- [ETP 2025/02] Bearish EIA Inventory Report Drags WTI Prices, Henry Hub Rebounds on Tightening Supply
- Frontline Plc.: An Analysis Of Its Fleet Modernization & Expansion! – Major Drivers
- ‘Colorful’ 2024 For Cambodia In Rubber, Tire Sectors
- SM Energy’s Strategic Capital Moves: Will Their Uinta Basin Bet Pay Off Big? – Major Drivers
- UPL Limited – ESG Report – Lucror Analytics

Veren Energy: Could Its Infrastructure Optimization & Expansion Be a Game-Changing Move? – Major Drivers
- Veren has reported its third quarter results for 2024, shedding light on both its operational successes and the challenges it faces.
- The company generated excess cash flow of $114 million, with $85 million returned to shareholders.
- A strategic infrastructure transaction was completed for $400 million, and total net debt is expected to be reduced by $1.3 billion by the end of 2024.
[ETP 2025/02] Bearish EIA Inventory Report Drags WTI Prices, Henry Hub Rebounds on Tightening Supply
- 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.
Frontline Plc.: An Analysis Of Its Fleet Modernization & Expansion! – Major Drivers
- Frontline plc’s Q3 2024 financial results indicate a complex and challenging environment for the company, characterized by mixed external factors influencing market dynamics.
- The company recorded a profit of $60.5 million for the quarter, translating to $0.27 per share, and an adjusted profit of $75.4 million or $0.34 per share.
- This represents a decline in adjusted profit by $62.8 million from the previous quarter, largely due to decreased time charter equivalent (TCE) earnings which fell from $357.7 million to $292.2 million quarter-over-quarter.
‘Colorful’ 2024 For Cambodia In Rubber, Tire Sectors
- Highlights · Set to finish 2024 with a 30% rise in rubber sale values YoY · Exports tires worth US$772.5 million during Jan-Nov 2024 · Minister charts course of action for 2025 Cambodia has made impressive strides in 2024, fueled by higher global rubber prices and exceptional progress in its burgeoning tire production and export industry, marking a pivotal step in its transformation into a key player in the global rubber value chain.
- The Southeast Asian kingdom earned US$472 million from exports of NR latex during January-October 2024, up 22.5% over the same period the previous year.
- On the other hand, it gained US$568 million from exports of the product during January-November 2024, up 26.7% over the same period in 2023.
SM Energy’s Strategic Capital Moves: Will Their Uinta Basin Bet Pay Off Big? – Major Drivers
- SM Energy, an independent energy company engaged in exploration and production, reported its third quarter results for 2024, marked by significant strategic developments and operational highlights.
- The company’s performance this quarter showcases several aspects that are worth examining for investors.
- On the positive side, SM Energy highlighted operational success and welcomed a strategic expansion with the acquisition of assets in the Uinta Basin.
UPL Limited – ESG Report – Lucror Analytics
- Headquartered in Mumbai, UPL Limited is a global agrochemical company listed on the Indian stock exchange.
- It is the fifth-largest generic agrochemical company in the world (after Bayer, Dupont, Syngenta and BASF), with revenues of over USD 5.2 bn in FY 2023-24 (following the acquisition of Arysta LifeScience in 2019 for USD 4.2 bn).
- The bond issuer, UPL Corp, is 78% owned by UPL Limited, with TPG and the Abu Dhabi Investment Authority each holding 11% stakes. UPL Limited is 27.9% owned by the family of Rajnikant Shroff, who is known as the Crop Protection King.