In today’s briefing:
- Quiddity Leaderboard CSI All Share Semiconductors Dec25: Few Changes to Expectations
- Oilfield Services’ Quiet Comeback: Can It Keep Outpacing the Broader Energy Pack?
- Imperial Oil’s Latest Developments: Accelerated Buybacks
- Asia base oils demand outlook: Week of 18 August
- Antofagasta (ANTO LN) H1 2025: Outperforming The Pack
- Pulsar Helium Inc. (TSX-V: PLSR): Very High Flow Rates at Jetstream…
- Standard Lithium Ltd: SWA Phase 1 and East Texas Maiden Resource Report Expected Before End of 3Q25
- Coterra Energy: Strategic Expansion, Resource Development & Other Major Drivers!
Quiddity Leaderboard CSI All Share Semiconductors Dec25: Few Changes to Expectations
- CSI All Share Semiconductors Index represents the largest and most-liquid stocks in the Semiconductor Industry Group from the Shanghai, Shenzhen, and Beijing Exchanges.
- In this insight, we take a look at the potential ADDs and DELs leading the race for the semiannual index rebal event in December 2025.
- We expect up to five ADDs and one DEL for the CSI All Share Semiconductors index during this index review event based on the latest available data.
Oilfield Services’ Quiet Comeback: Can It Keep Outpacing the Broader Energy Pack?
- OIH’s oilfield services focus, bullish technicals, and rebound history position it to outpace XLE, provided crude prices avoid a sharp near-term downturn.
- Since April, OIH has steadily recovered with higher lows, outperforming XLE on the back of a technical rebound and strengthening oil services fundamentals.
- The rebound was led by Baker Hughes, OIH’s second-largest holding, after a Q2 beat driven by expanding gas and LNG technology services, while SLB and Halliburton lagged.
Imperial Oil’s Latest Developments: Accelerated Buybacks
- Imperial Oil has delivered a mixed set of financial and operational outcomes in its second quarter of 2025 earnings report, underscoring both strengths and challenges for potential investors to consider.
- The company reported net income of $949 million, reflecting a decrease from the previous quarter and year due primarily to lower upstream realizations despite higher production volumes.
- This suggests that while production efficiency has improved, market conditions have slightly offset these gains.
Asia base oils demand outlook: Week of 18 August
- Asia’s base oils demand could get support from pick-up in requirements for replenishment volumes to meet seasonal rise in consumption during final weeks of Q3.
- Simultaneous rise in requirements throughout Asia-Pacific region could magnify pick-up in demand and competition for supplies.
- Blenders’ relatively lower stocks would add to need for additional supplies.
Antofagasta (ANTO LN) H1 2025: Outperforming The Pack
- The company has been able to lower costs significantly by 12% YoY, improve on its byproduct credits by 37%YoY due to gold prices increasing, while copper prices rose 3.5% YoY.
- Production for H1FY25 rose 10% YoY, led by a ramp-up in Centinala, resulting in EBITDA/profit improving by 60% YoY.
- While the stock trades at 25x FY25e P/E, we believe that the runway for earnings improvement is enormous as the company ramps up its volumes and manages costs.
Pulsar Helium Inc. (TSX-V: PLSR): Very High Flow Rates at Jetstream…
- Following wellbore clean-up at Jetstream #1, Pulsar Helium achieved a peak natural flow rate of ~0.50 mmcf/d on a 38/64-inch choke at 30 psi wellhead pressure, without compression.
- This marks a more than 3x increase compared to the ~0.15 mmcf/d recorded under similar conditions in April 2024.
- The well also demonstrated sustained flow rates of 0.15–0.30 mmcf/d over 12–18 hour intervals on smaller choke sizes, with no significant decline and rapid pressure recovery—indicative of strong reservoir performance.
Standard Lithium Ltd: SWA Phase 1 and East Texas Maiden Resource Report Expected Before End of 3Q25
- SLI expects to publish a Definitive Feasibility Study (DFS) for its South West Arkansas Phase 1 project in 3Q25 and hopes to reach a Final Investment Decision (FID) by year- end 2025.
- Management continues to work with advisors to secure offtake arrangements and evaluate project finance (debt) alternatives.
- Phase 1 is designed to produce 22,500 tons/year of battery-quality lithium.
Coterra Energy: Strategic Expansion, Resource Development & Other Major Drivers!
- Coterra Energy’s recent earnings call provided a comprehensive overview of the company’s second-quarter 2025 performance, offering insights into both strong points and areas of concern for investors.
- The company outperformed its guidance in natural gas production and surpassed its midpoint targets for oil volumes, leading to substantial revenues of approximately $1.7 billion, with a balanced contribution from both oil and natural gas, including natural gas liquids (NGLs).
- This performance highlights the company’s ability to generate high returns on capital with a reinvestment rate efficiently kept at 50% of cash flow, indicating strong asset quality.
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