Virtu Financial stock benefits from market volatility, delivering strong earnings growth, but unpredictable trading trends make performance hard to forecast.
Virtu Financial stock benefits from market volatility, delivering strong earnings growth, but unpredictable trading trends make performance hard to forecast.
Hongkongers and visitors will be able to enjoy large-scale events such as beer and barbecue festivals at three public beaches under a pilot scheme that will allow private-sector operators to upgrade facilities, a district councillor has suggested, with a top administrator saying fees must be kept affordable. Director of Leisure and Cultural Services Manda Chan Wing-man told a radio programme on Mo...
Hongkongers and visitors will be able to enjoy large-scale events such as beer and barbecue festivals at three public beaches under a pilot scheme that will allow private-sector operators to upgrade facilities, a district councillor has suggested, with a top administrator saying fees must be kept affordable. Director of Leisure and Cultural Services Manda Chan Wing-man told a radio programme on Monday that the government would not set strict key performance indicators (KPIs) for commercial...
onurdongel/iStock via Getty Images Long Time Since Last Time It’s been a little too long since I covered NGL Energy Partners ( NGL ) I have to admit. When I wrote about the MLP back in November of last year , the stock was trading around the $10 mark, and has since managed to provide an excellent return, beating the S&P 500 by a pretty wide margin. Since Last Coverage (Seeking Alpha) Part of my ar...
onurdongel/iStock via Getty Images Long Time Since Last Time It’s been a little too long since I covered NGL Energy Partners ( NGL ) I have to admit. When I wrote about the MLP back in November of last year , the stock was trading around the $10 mark, and has since managed to provide an excellent return, beating the S&P 500 by a pretty wide margin. Since Last Coverage (Seeking Alpha) Part of my argument in the first article about why NGL was such a solid play then and still is relates to the minimum volume commitments it has. The revenues in this segment are also heavily contracted with an average span of 9 years. This creates long-term reliable revenue generation and visibility for the company. I argued that because of this, NGL was heavily protected from any downside to oil prices. Well, the case has shifted a little bit since then. As most know, the forecast going into 2026 was that oil would average around $50 per barrel. That has not played out, or maybe just for a week or two at the start. At the time of writing, WTI is bouncing between $90 and $100 per barrel. The current forecasts peg oil at $96 on average in 2026 and $76 in 2027. So what the original thesis talked about, namely the core commitments, is still very much part of the core. What the spike in prices has done instead is drastically increase the earnings that NGL generates. This is right now seemingly going towards buybacks and cash distributions . Once again, NGL has proven to be a strong contender as a long-term compounder. The change in energy markets has only benefitted NGL, and I suspect there is more upside to be had. Reiterating my Strong Buy. The Macro Change What often happens when prices surge for commodities like oil and gas is that exploration and production companies will be drilling at much higher rates to target the increased gap between cost per barrel and net selling price per barrel. The positive consequence of this is an increased wastewater production, and a higher demand to hav...
German power prices plunged to record lows on Sunday as solar generation surged and mild weather curbed weekend demand. The hourly price from 1 p.m. to 2 p.m. fell to -€413.77 per megawatt-hour on the Epex Spot SE exchange. In neighboring France, they dropped as low as -€412.55 for the same period. Negative prices are becoming more frequent in Europe’s power market following a vast solar build-out...
German power prices plunged to record lows on Sunday as solar generation surged and mild weather curbed weekend demand. The hourly price from 1 p.m. to 2 p.m. fell to -€413.77 per megawatt-hour on the Epex Spot SE exchange. In neighboring France, they dropped as low as -€412.55 for the same period. Negative prices are becoming more frequent in Europe’s power market following a vast solar build-out in recent years. They underscore a structural challenge: insufficient storage and grid bottlenecks mean the system cannot absorb all the electricity produced, forcing some solar parks to shut down temporarily. While prices slumped during the sunniest hours, they rebounded sharply in the evening. Lion Hirth, a professor of energy policy at Hertie School, said in a LinkedIn post that such volatility highlights the failure to make the power system more flexible. Read: Why Power Prices Can Go Negative and What It Means: QuickTake Clear skies across much of Europe boosted solar generation to as high as 44 gigawatts at noon in Germany on Sunday. At the same time, relatively mild spring temperatures helped improve solar panel efficiency compared with hotter summer conditions that can reduce performance. Cloudier skies are forecast for northwest and central Europe over the next few days, but sunny skies are set to return later this week.