Daily Brief Energy/Materials: Crude Oil, Mammoth Energy Services, Nippon Steel Corporation, Sarda Energy & Minerals, Occidental Petroleum, Coal, Genesis Resources, Sailfish Royalty , Santacruz Silver Mining, Greenroc Mining PLC and more

• Daniel Dicker is a seasoned oil trader and expert on energy markets
• Oil has become less important in the macro landscape, with its influence on stocks decreasing over the years
• Oil’s current price fluctuations are driven more by supply and demand factors rather than financial speculation, with no signs of improvement in the near future, despite recent macro developments.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Mammoth Energy (Tusk) has undergone a transformation and is a potentially undervalued small cap stock with limited downside

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

• Nippon Steel targets over 100 Mt capacity by 2030, focusing on global growth as Japan’s domestic demand shrinks.
• It plans to acquire U.S. Steel for $14.9B and expand in India via AMNS joint ventures.
• FY24 profit rose 36%, but export reliance, ESG lag, and U.S. deal hurdles pose risks.

• Sarda’s near-term growth will be driven by the full-year contribution from SKS Power, boosting earnings visibility.
• The business mix is shifting structurally from steel to power, which now contributes over 60% of EBIT. Low leverage at <1x EV/EBITDA is a positive.
• The recent weakness in spot power prices is seen as temporary; at 15x FY27 EV/EBITDA, the stock offers strong upside.

• Occidental Petroleum’s recent earnings call for the first quarter of 2025 presented a mixed but detailed view of the company’s operational and financial performance, showcasing both strengths and challenges.
• The management highlighted a solid execution across its diversified portfolio, despite facing some market headwinds and external uncertainties.
• On the positive side, Occidental generated $3 billion in operating cash flow before working capital adjustments, maintaining oil and gas production at just over 1.39 million barrels of oil equivalent per day, which aligns with their guidance.

• Global dry bulk trade is facing its sharpest contraction in nearly a decade, with year-to-date 2025 volumes down 1.5%, according to DBX data.
• This decline is primarily driven by weakening demand from China, rising domestic production in key markets, geopolitical instability, and weather-related disruptions.
• Coal, iron ore, and grain exports have borne the brunt, while bauxite flows remain robust. 

• Genesis is set to wrap up a deal with Focus Minerals for their Laverton project next month.
• The potential payback timeline for the project is unclear due to work needed on the resources and the mill.
• Questions remain about the quality and quantity of the reported 4 million ounce mineral resource at the Laverton project.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

• Sailfish Royalty reported Q1 financial results including revenue of $0.6M and adjusted EBITDA of $0.3M.
• Spring Valley continues to advance, most recently receiving an LOI for up to $835M in potential capital from the U.S. Export-Import Bank.
• Mako reported strong drill results from San Albino, potentially expanding its mine life as well as from the El Golfo prospect within the El Jicaro concession, where Sailfish holds a 2% NSR.

• SCZ reported Q4 and 2024 financial results that beat our estimates due to the increased silver price.
• Santacruz reported Q4 revenue of $81.7M (+42% YoY) vs. our estimate of $77.0M and adjusted EBITDA of $23.0M (+300% YoY) beating our estimate of $20.0M.
• Despite rallying 150% YTD, SCZ still only trades at 3.3x 2025E OCF and remains set up for another record year in 2025.

• GreenRoc Strategic Materials Plc (AIM: GROC.L) is unusually well positioned to become a key supplier of high-purity, battery-grade graphite into Western markets increasingly focused on critical material security.
• GROC’s flagship Greenland Amitsoq Graphite Project, has amongst the highest known in-situ graphite grades globally at 20.41% TGC, potential purity is 99.95% (a purity essential to the EV battery value chain looking for lower cost natural graphite vs. synthetic graphite).
• GROC.L’s Thule Black Sands Project (TiO2) aligns with green energy transition trends.