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The Wall Street Transcript: Despite Near-Term Volatility, Renewables Hold Long-Term Promise
https://www.twst.com/interview/despite-near-term-volatility-renewables-hold-long-term-promise
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Webber Research Promotes Gregory Wasikowski To Leadership Role And Expands Equity Platform
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Ardmore Turns To the Man Who Can “See Around Corners”
https://www.e1marine.com/ardmore-turns-to-the-man-who-can-see-round-corners/
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Webber Research: Hydrogen Tracker
For access information, email us at [email protected]
Highlights:
• Recent News (page 1)
• LH2 Carrier Progress (page 3)
• M&A Tracker (page 4)
• Valuation Summaries (page 5)
• Hydrogen Production Costs (page 7)
• Industry Dynamics (page 9)
- PLUG Launches GenSure HP Platform
- Linde Signs MOU For Hydrogen Mobility At 2022 Winter Olympics
- Hyperion Set To Unveil XP-1 In August
- US DOE Announces $11.5MM In Funding For CCS
- Air Liquide Opens Hydrogen Fueling Station In Japan
- McPhy Selected For Unnamed Fueling Station Project
- Keeping Tabs On The World’s First Liquefied Hydrogen (LH2) Carrier:
- Future Supply Chain Dynamics
Tankers: Floating Storage Scenario Analysis & Utilization Impact
Our 3-Stage Approach To Tankers For the Remainder Of 2020
- Our 3-Stage Approach To The Remainder Of 2020 Pages 1-2
- Floating Storage Scenario Analysis – Impact On Utilization Pages 2-3
- Storage Arbitrage, Inventories, & Rate Reactions Pages 4-7
- Multi-Factor Crude Tanker Utilization Model Pages 8-9
- Updated Tanker NAVs, Valuation Metrics, & Estimates Pages 9-10
For access information, please email us at [email protected]
Depth Of Floating Storage Build Key For Tanker Equities In Q220. Amid the double black swan start to the year (OPEC supply shock/pricing war coupled with demand destruction from the COVID-19 response), tanker equities have (generally) acted as a hedge against the rest of the energy tape, as the prospect of significant structural and arb-driven floating storage has supported tanker earnings well above seasonal trends (page 4). While increasing OPEC & Russian crude production battle to replace US exports (the degree to which remains in question) – the market mechanism for finding that new global production balance should ultimately result in saturated land based storage and a ramp in floating storage (already ~100mb), and narrower tanker capacity, providing a significant tailwind for tanker cash flows. From an equity perspective, we think about Tanker stocks (FRO, EURN, DHT, ASC, etc.) in 3 stages….(Pages 1-2)
What Would Robust Floating Storage Mean For Tanker Rates & Utilization In Q2/Q3? We ran a multi-factor scenario analysis based on our updated crude tanker utilization model, flexed for different levels of incremental daily crude production moving into floating storage over the next 2-3 quarters. At the low end of the range…(Pages 2-8)
For access information, please email us at [email protected]
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