In today’s briefing:
- [US Nat Gas Options Weekly 2025/10] Henry Hub Rallies on Colder Weather and Record LNG Exports
- [US Crude Oil Options Weekly 2025/10] WTI Extends Decline Amid Weak Demand and Trade Uncertainty
- The Intel Drama Goes On. No Buyer It Seems, Who Would? More Wafers Made at TSMC for Longer.
- Gold’s Record Rally Meets Resistance: Will USD 3,000 Be the Breaking Point?
- PDYN: Palladyne AI Leading in AI Software for Drones and Smart Machines
- RERE: 4Q24 Earnings – EPS as Expected Investing for Growth to Keep Pace with Accelerating Demand
- AvePoint SGX Secondary Listing – Strong Growth and Large Client Base but Unclear Metrics
- ENSC: NDA Submission in Sight
- ContextLogic (LOGC)
- TRC: Potential Upcoming Catalysts Include Opening of First Terra Vista Units
[US Nat Gas Options Weekly 2025/10] Henry Hub Rallies on Colder Weather and Record LNG Exports
- For the week ending 07/Mar, U.S. natural gas prices surged by 14.7% on the back of colder weather forecasts, rising LNG exports, and supply constraints.
- Henry Hub posted its biggest weekly gain since January, hitting a 26-month high during the week ending 07/Mar. Prices closed above the 9-day and 21-day moving averages.
- Henry Hub OI PCR was 1.00 on 07/Mar, unchanged from 28/Feb. Call OI rose by 8.7% WoW, while put OI grew by 8.6%.
[US Crude Oil Options Weekly 2025/10] WTI Extends Decline Amid Weak Demand and Trade Uncertainty
- WTI futures fell by 3.9% for the week ending 07/Mar, marking its seventh consecutive weekly drop. Prices fell due to trade tensions, rising U.S. crude inventories, and demand concerns.
- The U.S. rig count fell by one to 592, ending a five-week gain streak, with oil rigs unchanged at 486 and gas rigs down by one to 101.
- WTI OI PCR fell to 0.91 on 07/Mar from 0.98 on 28/Feb. Call OI increased by 13.1% WoW, while put OI rose by 5.3%.
The Intel Drama Goes On. No Buyer It Seems, Who Would? More Wafers Made at TSMC for Longer.
- Following Broadcom CEO saying “no” and TSMC investing another US$100bn in Arizona, speculations of an Intel takeover have subsided.
- On the increase, rumors of further Intel 18A delays and production push out. This means more outsourcing to TSMC for longer as mentioned by Intel’s IR last week.
- Now is not a good time to buy Semiconductor stocks, but AMD and TSMC will benefit.
Gold’s Record Rally Meets Resistance: Will USD 3,000 Be the Breaking Point?
- Geopolitical risk and central bank purchases continue to support gold demand, but rising Treasury yields present headwinds. Physical imports to the U.S. are plateauing, easing supply constraints.
- Gold prices are facing resistance at USD 3,000/oz, with technical indicators suggesting potential consolidation before further upside. Historical patterns indicate similar conditions led to stagnant prices.
- Gold leasing rates have normalized, signaling reduced supply stress. Previous spikes above 5% indicated a temporary supply shock, but the recent decline suggests a more balanced market.
PDYN: Palladyne AI Leading in AI Software for Drones and Smart Machines
- Palladyne AI sells real-time learning and reasoning AI software platforms for robots, drones, and smart industrial systems.
- The company engages in the design, development, and manufacturing of industrial robotic systems that augment human performance by combining human intelligence, instinct, and judgment with the strength, endurance, and precision of machines to enhance employee safety and productivity.
- Its mobile robotic systems include the Guardian S, Guardian GT, Guardian XO, and Guardian XT. Palladyne AI was founded in 2015 and is headquartered in Salt Lake City, Utah.
RERE: 4Q24 Earnings – EPS as Expected Investing for Growth to Keep Pace with Accelerating Demand
- Key 4Q24 takeaways include: 1) real-time step ups in trade-in activity and consumer demand for high-quality preowned products on the heels of recently introduced government subsidies and ongoing growth in the supply of new smartphone shipments continue to drive accelerating revenue growth 2) in response to building demand trends, management plans to continue to expand the company’s footprint (800 new store openings planned for this year), branding initiatives via new social media content/channels, and fulfillment capabilities and 3) while we assume adjusted operating income margins hold steady this year, our model calls for material margin expansion looking out to 2026, as revenue growth momentum continues to build and expense inflation moderates.
AvePoint SGX Secondary Listing – Strong Growth and Large Client Base but Unclear Metrics
- AvePoint (AVPT US) , a global provider of data security, governance, and resilience, aims to raise around US$300m in its Singapore secondary listing.
- As of FY24, AP had over 25,000 customers who rely on its Confidence Platform to prepare, secure, and optimize their critical data across environments.
- In this note, we look at its past performance and other deal dynamics that might impact the listing.
ENSC: NDA Submission in Sight
- Ensysce Biosciences is committed to finding a solution to the opioid crisis plaguing the US and other developed countries around the world.
- Through its proprietary TAAP technology Ensysce is in the process of receiving approval for an abuse-resistant yet still pain-relieving opioid.
- The company announced 4Q2024 results that reflected good cash on hand as well as highlighting the progress for its signature non-opioid pain reliever and its plan for submitting an NDA.
ContextLogic (LOGC)
- ContextLogic Inc. (NASDAQ: LOGC) has transformed from an e-commerce operator to a cash-rich shell company possessing substantial tax assets, positioning it as a unique investment opportunity.
- The company’s recent strategic partnership with BC Partners has created a significant value proposition for investors, particularly those seeking to navigate current market volatility.
- This investment opportunity combines tangible cash assets with substantial tax benefits, all supported by sophisticated financial backing.
TRC: Potential Upcoming Catalysts Include Opening of First Terra Vista Units
- The convenience and affordability of Terra Vista housing, as well as proximity to LA, are expected to drive demand from TRCC employees and others.
- The development of the nearby Hard Rock Hotel & Casino Tejon is another likely driver of demand for affordable housing from its employees.
- Upon completion, Terra Vista at Tejon is expected to be the largest rental community in Kern County.
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