GBA Presents: RADIO SAVANT-!

Hewlett Packard is an oil stock?

A couple pages ago maybe 20 a reader asked you Van should they get back into energy stocks you said yes/

I don't have to tell you what happened--

That same reader asked me what to do with a certain position which I said SELL. And saved that reader a fortune./

So we must be careful what we say. Since I am the only one who has perfectly called the oil moves so far to the dollar! I should probably take the ball here.
 
  • Trading below tangible book value with decent operational and growth trends.
  • Positioned for additional energy and infrastructure spending in the Mid-Atlantic region.
  • Undervalued due to minuscule ~$20m market cap, which makes it "uninvestable" for institutional firms.

Business Overview

Energy Services of America (NASDAQ:ESOA) is a dirt cheap holding company with exposure to two different types of infrastructure. Based in Huntington, West Virginia ESOA operates two service companies,CJ Hughesfor pipeline construction and maintenance and another,Nitro Electric, which handles electrical and mechanical services. Revenue split is about 50/50.

From the 10-K issued in December:

Wholly owned subsidiary C.J. Hughes is a general contractor primarily engaged in pipeline construction for utility companies. C.J. Hughes operates primarily in the mid-Atlantic region of the United States. Nitro Electric, Inc. ("Nitro Electric"), a wholly owned subsidiary of C. J. Hughes, is an electrical and mechanical contractor that provides its services to the power, chemical and automotive industries. Nitro Electric operates primarily in the mid-Atlantic region of the United States.

CJ Hughes builds and maintains but does not own intrastate pipelines and sewer systems in the vicinity of the Marcellus Shale. So we're looking at a relatively asset-light, regionally focused subsidiary, which services some pretty big corporate energy, chemical, and utility names, as well as some (probably more predictable) municipal and state customers.

Energy Services of America climbs 8% on announcing buyback for up to 1M shares of common stock
Jul. 07, 2022 3:26 AM ET Energy Services of America Corporation (ESOA)
  • Energy Services of America (NASDAQ:ESOA) said on Wednesday that the company's boardauthorizeda share repurchase program of its common stock for an aggregate repurchase not to exceed 1M shares.
  • The number of shares is equivalent to ~6.0% of its outstanding shares.
  • The program has no expiration date and will begin after the company's next earnings release in August 2022.
  • The current repurchase program accounts for 2.94% of its totalcurrent market cap of $34M as on 07-July.
  • Shares have fallen over 40% over the last 1-year.<-----------
Possible Gummy-
ESOA Pre
1.96
2.09 <------ +6.63%
 
Bed Bath & Beyond-

Bed Bath & Beyond shares boosted by insider buying
Jul. 06, 2022 5:05 PM ETBed Bath & Beyond Inc. (BBBY)



image_643425134.jpg

krblokhin/iStock Editorial via Getty Images



The purchase of 50K shares by newly-minted CEO Sue Gove promoted a pop for Bed Bath & Beyond (NASDAQ:BBBY) in Wednesday’s extended session.

Shares of the New Jersey-based retailer rose over 8% at after-hours highsbefore moderating gains to around 5% as the news settled. Gove was only named as CEO one week ago,acceding to the role after a disastrous earningsrelease at the close of June.

Other insiders reporting purchases included board chair Harriet Edelman and board member Jeffrey Kirwan, each of whom bought 10K shares.

Bed Bath & Beyond (BBBY) stock has declined over 70% since the start of the year.<------
 
  • Crypto lending platform Genesis has disclosed its loan exposure to Three Arrows Capital, the crypto hedge fund that recently filed for Chapter 15 bankruptcy after a raft of liquidations.
  • The loans to 3AC "had a weighted average margin requirement of over 80%," Genesis CEO Michael Moro wrote in a twitter thread Wednesday. "Once they were unable to meet the margin call requirements, we immediately sold collateral and hedged our downside," he added. The total loan amount was not confirmed.
  • Furthermore, Genesis' parent company Digital Currency Group was said to assume some liabilities of Genesis "to ensure we have the capital to operate and scale our business for the long-term," Moro said.
  • And Genesis is "pursuing all strategies to recover any potential residual loss," Moro added.
  • In a backdrop of an increasingly cold crypto winter, Genesis could be facing losses into the "hundreds of millions" given its exposure to 3AC as well as Babel Finance, another crypto lender that has suspended client withdrawals, CoinDesk reported on June 29.
  • At the end of June, Three Arrows Capital was ordered to liquidate.
 
The European Parliament voted Wednesday to include nuclear power and natural gas in the bloc's list of investments deemed sustainable, a move that could trigger more funding of those sectors but that critics said would slowEurope's shift to greener energy sources,The Wall Street Journalreports.

The vote paves the way for the proposal to become law, and would add nuclear plants and natural gas to the European Union's "green taxonomy" rulebook starting in 2023 if they meet various conditions such as limits on greenhouse gas emissions.

---> It will be 2030 before these Nukes are up and running

---> 2024 approval should double stk
Rolls-Royce sees U.K. approval for mini nuclear reactor by mid-2024
Apr. 19, 2022 12:06 PM ETRolls-Royce Holdings plc (RYCEY)RYCEF


A Rolls-Royce (OTCPK:RYCEY) design for a small modular nuclear reactor should receive U.K. regulatory approval by mid-2024 and be able to produce grid power five years later, Paul Stein, chairman of Rolls-Royce Small ModularReactors, told Reuters on Tuesday.

"We are trying to work with the U.K. government and others to get going now placing orders, so we can get power on grid by 2029," Stein said, adding that in the meantime, Rolls-Royce (RYCEY) will start manufacturing parts of the design that are most unlikely to change.

Symbol Last Price % Chg
RYCEY
$1.04
 
Vista Outdoor shares 'especially attractive' into results, says B. Riley 07:50 VSTO

Vista Outdoor enters agreement to acquire Fox Racing for $540M 07:13 VSTO Vista Outdoor announced that it has entered into a definitive agreement to acquire Fox Racing. The purchase price is $540M, with the potential for an additional $50M earnout based on Fox Racing's financial performance. "Over the last four years, we have built a diversified portfolio of iconic outdoor brands led by a proven leadership team that continues to execute well and drive strong results for our shareholders," said Chris Metz, Vista Outdoor CEO. "With the acquisition of Fox Racing, we are continuing the successful implementation of our strategy to use accretive acquisitions to expand our leadership position and ability to capitalize on long-term growth opportunities in outdoor recreation. The Fox Racing acquisition meets all of our financial and strategic acquisition criteria, even before taking into account potential benefits from combining Fox Racing with our existing business. I am pleased that we have been able to continue to add category-leading brands like Fox Racing to our portfolio while maintaining a strong balance sheet and reinvesting in our existing business to drive organic growth... The addition of Fox Racing to our portfolio will allow us to target multiple consumer demographics across mountain and road biking, skiing/snowboarding, and powersports. We expect that Fox Racing and our legacy teams will find multiple opportunities to leverage core competencies, enhance supply chain efficiency and resiliency, and better serve our customers and consumers to drive future growth." Jeffrey McGuane, CEO of Fox Racing, will continue to lead the company following the closing of the acquisition, as will all of Fox Racing's leadership team.

Survey shows ammo demand continues to increase, says B. Riley 07:47 SPWH, VSTO, AOUT B. Riley analyst Eric Wold completed a nationwide survey of 112 firearms and ammo dealers to better gauge the current state of ammo demand and the near-term outlook for the industry. Investors are not confident in the sustainability of pandemic-driven ammo demand as economies reopen and retail inventory levels continue to improve, but this is already reflected in the low valuation multiples assigned to the group, Wold tells investors in a research note. According to the survey results, 67% of respondents noted that ammo sales are the same or higher than last year's elevated levels, with 37% noting that ammo sales are increasing further, Wold tells investors in a research note. He views the current entry points for Sportsman's Warehouse Holdings (SPWH) and Vista Outdoor (VSTO) as "incrementally attractive" and reiterates Buy ratings on the stocks. Wold keeps a Neutral rating on American Outdoor Brands (AOUT) but acknowledges that strengthening shooting sports participation bodes well for overall firearms industry product and accessories demand over the long run.



fdc494d0-7160-11eb-bdff-bdf03c7194b2

Vista Outdoor to Release First Quarter Fiscal 2023 Financial Results


  • Wed, July 6, 2022, 6:55 AM








  • ANOKA, Minn.,July 6, 2022/PRNewswire/ -- Vista Outdoor Inc. ("Vista Outdoor") (NYSE: VSTO) today announced plans to report its first quarter fiscal year 2023 financial results on Thursday, July 28, 2022, before the market opens.
 
Warrior Met Coal price target raised to $48 from $45 at B. Riley 07:47 HCC B. Riley analyst Lucas Pipes raised the firm's price target on Warrior Met Coal to $48 from $45 and keeps a Buy rating on the shares. Coal prices remain well above historical levels, despite the recent drop in Australian premium low-vol coking with softening steel demand, Pipes tells investors in a research note. In the medium term, higher thermal prices, driven up by the war in Europe, will act as a backstop for met coal prices as producers, traders, and consumers arbitrage the price differential, says the analyst. He believes believe the steel group is undervalued following the correction in recent weeks.
 
Git Bullish!

This is about the first upgrade with a higher target that I have seen in tech in a month.-

GitLab initiated with Buy, $70 price target at Needham 07:43 GTLB, MSFT Needham analyst Mik

WTF is GitLab-?
 
Shell revises up value of oil and gas assets ahead of July 28 results 05:56 SHEL Shell said in a trading update ahead of its July 28 results that it would reverse up to $4.5B in writedowns on oil and gas assets after it raised its energy prices outlook following Russia's invasion of Ukraine. "In the second quarter 2022, Shell has revised its mid and long-term Oil and Gas commodity prices reflecting the current macroeconomic environment as well as updated energy market demand and supply fundamentals. This resulted in a review of Shell's Upstream and Integrated Gas previously impaired assets." In the update before second quarter results, Shell said its refining margins almost tripled over the period, boosted by recovering global demand from the pandemic, a lack of refining capacity and lower fuel exports from Russia. Earnings from oil and refined products trading were expected to be strong in the quarter but lower than the first quarter of 2022, Shell said. Shell's indicative refining margin rose in the second quarter to $28.04 per barrel from $10.23 a barrel in the first quarter and $4.17 a year earlier. The upgrade will result in post-tax impairment reversals of $3.5B-$4.5B. Shell also announced that the share buyback program of $8.5B announced for the first half of 2022 was completed on July
 
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