The two-week ceasefire between the United States and Iran is a real diplomatic breakthrough. It has reopened the Strait of Hormuz, triggered a relief rally in global markets and eased the immediate fear of a spiralling energy shock. But its strategic significance lies less in the relief it has produced than in the uncertainty it leaves behind. The truce is time-limited, tied to negotiations and bu...
The two-week ceasefire between the United States and Iran is a real diplomatic breakthrough. It has reopened the Strait of Hormuz, triggered a relief rally in global markets and eased the immediate fear of a spiralling energy shock. But its strategic significance lies less in the relief it has produced than in the uncertainty it leaves behind. The truce is time-limited, tied to negotiations and built around temporary safe passage rather than a settled regional order. The ceasefire terms and...
sasha85ru/iStock via Getty Images Introduction Cardinal Energy ( CJ:CA ) ( CRLFF ) is a relatively small oil and gas producer in Canada with an anticipated output of approximately 25,000 barrels of oil equivalent per day. I previously covered the company with a "Buy" rating in March 2025. At $60 oil, all sustaining capital expenditures as well as the rather generous dividend remain fully covered. ...
sasha85ru/iStock via Getty Images Introduction Cardinal Energy ( CJ:CA ) ( CRLFF ) is a relatively small oil and gas producer in Canada with an anticipated output of approximately 25,000 barrels of oil equivalent per day. I previously covered the company with a "Buy" rating in March 2025. At $60 oil, all sustaining capital expenditures as well as the rather generous dividend remain fully covered. Moreover, the current high oil price will go a long way to help fund the additional growth investments, which should see the total production rate increase by another 20% by the end of next year. Data by YCharts What can we expect in 2026? It doesn't make a lot of sense to look back at 2025 given the low realized oil prices, and I'm of course mainly focusing on the company's anticipated performance in 2026. Cardinal expects to produce an average of 25,000-25,500 boe/day now that the new Reford SAGD facility is up and running. The guidance was set before the oil price started to move, and the company used US$60/barrel in its base case scenario to forecast an AFF of just over C$200 million . Fortunately, it also provided a sensitivity analysis, and the image below shows how fast the operating cash flow, adjusted funds flow, and free cash flow can increase when the oil price moves up. Cardinal Energy Investor Relations As you can see in the image above, the dividend remains fully covered as long as the oil price remains above $60/barrel on a WTI basis. If we were to, for instance, apply a flat oil price of approximately $75 per barrel, the adjusted operating cash flow would come in at approximately 300 million Canadian dollars, while we know the sustaining CapEx is just 85 million CAD. This indicates the underlying free cash flow at a $75 oil price would be approximately C$1.3-1.35 per share (including the impact of the increased share count after the recent capital raise). And while the capital budget was initially put at 75 million CAD plus an additional 10 million CAD in As...
Getty Images Setting The Stage Apple Inc. ( AAPL ) is expected to announce its fiscal Q2 2026 results on April 30, 2026. Its fiscal Q1 was its strongest quarter with a record revenue of $143.8 billion, up from $102.466 billion in fiscal Q4 ’2025 , marking a 15.65% YoY growth. EPS came in at $2.84 beating the consensus estimate by almost 6%. To me, these impressive results set a high expectation fo...
Getty Images Setting The Stage Apple Inc. ( AAPL ) is expected to announce its fiscal Q2 2026 results on April 30, 2026. Its fiscal Q1 was its strongest quarter with a record revenue of $143.8 billion, up from $102.466 billion in fiscal Q4 ’2025 , marking a 15.65% YoY growth. EPS came in at $2.84 beating the consensus estimate by almost 6%. To me, these impressive results set a high expectation for the coming quarters, but the question here is whether Q2 ’26 will match this performance. Well, the answer to this question depends on how the company manages uncertainties such as the complex supply chain from current geopolitical tensions and soaring demand for AI chips. But I think the second quarter still has a high potential of maintaining the Q1 ’25 tempo, especially given the soaring demand for iPhones in China and India. Important to note, between January and early March, the company recorded a 23% spike in iPhone sales which supports my bullish take. Looking at the outlook, the management guided a revenue growth of roughly 13%-16% YoY which translates to a revenue of about $107.8 billion to $110.7 billion. Comparing this to the Q2 2025 which posted a revenue pf $95.4 billion, up by approximately 5% YoY, I can see that the management expects a stronger Q2 2026. The management guidance is not far from the consensus estimates of $109.27 billion (14.58% YoY growth), which speaks to a shared optimism. Apple Remains The Engine, But Watch Supply iPhone remains an important revenue driver registering a revenue of $85.27 billion in Q1 significantly above analysts' expectations of $78.65 billion. As we head into Q2, I expect this to be a core revenue driver given the rising demand for iPhone. Demandsage To add perspective here, iPhone usage has grown by 80% since 2014 when the number of users was below 72.3 million. Despite this apparent solid catalyst, one headwind reigns and that is a constrained iPhone supply specifically tied to advanced 3-nanometer SoC manufacturing. ...
Marvell Technology (NASDAQ:MRVL) stock got a fresh vote of confidence on Thursday when Barclays raised its rating to Overweight, signaling that the firm sees meaningful runway ahead for one of the semiconductor sector’s most AI-exposed names. The upgrade lands as Marvell shares trade near $119, up 34.78% year-to-date. For investors tracking the AI infrastructure buildout, ... Barclays Just Raised ...
Marvell Technology (NASDAQ:MRVL) stock got a fresh vote of confidence on Thursday when Barclays raised its rating to Overweight, signaling that the firm sees meaningful runway ahead for one of the semiconductor sector’s most AI-exposed names. The upgrade lands as Marvell shares trade near $119, up 34.78% year-to-date. For investors tracking the AI infrastructure buildout, ... Barclays Just Raised Marvell to Overweight. Here’s Why the AI Chip Race Is Far From Over
jetcityimage/iStock Editorial via Getty Images Shares of domestic automakers jumped on Wednesday, April 8. Companies, like General Motors ( GM ) and Ford ( F ), have reportedly sought relief from steep tariffs on aluminum. It remains to be seen if there will be a reprieve, but the OEMs have a history of swaying White House policy. In the here and now, all eyes will be on Q1 delivery numbers and ea...
jetcityimage/iStock Editorial via Getty Images Shares of domestic automakers jumped on Wednesday, April 8. Companies, like General Motors ( GM ) and Ford ( F ), have reportedly sought relief from steep tariffs on aluminum. It remains to be seen if there will be a reprieve, but the OEMs have a history of swaying White House policy. In the here and now, all eyes will be on Q1 delivery numbers and earnings results in the coming weeks. As for GM, I had a "B uy" rating on the stock back in October 2025 . I hiked my price target then, and GM is +16% over the past six months. Today, I reiterate a "B uy" rating. I’ll provide a refreshed valuation and offer an update to the technical situation. GM Outperforming YoY Stockcharts.com Back in January, GM reported a mixed set of quarterly results. Q4 non-GAAP EPS of $2.51 topped the Wall Street consensus forecast of $2.26, while revenue of $45.3 billion, down 5% from the same period a year earlier, was a $750 million miss. Its fourth-quarter adjusted EBIT rose 13% YoY but also fell 16% sequentially. Still, the management team posted guidance above estimates. Shares soared 8.7% in the session that followed, marking a second straight healthy post-earnings climb. Looking ahead to the April 28 Q1 report, the options market prices in a somewhat elevated 6.3% earnings-related stock price swing based on the at-the-money straddle expiring soonest after the release. Implied volatility on GM stock is also a tad high at 43%, while short interest on the $68 billion market cap large-cap is low at 2.3%. Looking back on the quarter that was, GM tallied solid overall numbers, despite the top-line miss. Performance was boosted by strong pricing and cost efficiencies, which helped offset $0.7 billion in tariff impacts and lower volumes. While wholesale units declined to 937,000, the firm maintained healthy North American dealer inventory at 48 days. I'd call out that its adjusted automotive free cash flow for the quarter rose to $2.8 billion, an i...
(RTTNews) - Stock of Fastly, Inc. (FSLY) is falling about 10 percent on Thursday morning trading after it announced collaboration with LALIGA, Spain's Professional Football Association, to develop technical solutions to address the illegal streaming of live sports.
(RTTNews) - Stock of Fastly, Inc. (FSLY) is falling about 10 percent on Thursday morning trading after it announced collaboration with LALIGA, Spain's Professional Football Association, to develop technical solutions to address the illegal streaming of live sports.
Disruption in the Strait of Hormuz has created lots of trading opportunities in the energy markets and investors are looking for the most efficient vehicles for expressing a view
Disruption in the Strait of Hormuz has created lots of trading opportunities in the energy markets and investors are looking for the most efficient vehicles for expressing a view