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Jan 24 • 5 tweets • 2 min read
Demand cheer and supply fear have become the major drivers behind crude's CL1 spike to 7-year highs.
Crude rallied to seven-year highs last week on growing optimism over oil demand recovery coinciding with rising supply anxiety amid escalating geopolitical tensions and an oil pipeline accident in the Middle East.
The 960-km Kirkuk-Ceyhan pipeline, which carries over 490,000 b/d of Iraqi crude to the Turkish Mediterranean port of Ceyhan for sales into Europe, was forced shut for about a day from late Tuesday by an explosion and fire at a segment in southern Turkey.
For more reasons on why oil prices may remain elevated, check out Vandana Hari of Vanda Insights @VandaInsights latest (🔐): smartkarma.com/insights/oil-m…
Keep up with Vandana's work by following her @VandaInsights and going to her Smartkarma Profile: smartkarma.com/profiles/vanda…

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More from @smartkarma

Smartkarma Research Network Profile picture
Jan 24
Here are some great liquidity short candidates by Eric Fernandez, CFA of @TwoRiversAnalyt

* HashiCorp Inc $HCP
* Fluence Energy $FLNC
* Rivian Auto $RIVN
* Domo Inc $DOMO
HASHICORP, INC. $HCP

* December IPO is down 21%
* Will need to raise capital soon
* SG&A totals 111% of quarterly sales
* Growth has slowed from 100% to 49%
FLUENCE ENERGY $FLNC

* Needs cash N-O-W
* October IPO is down 41%
* Lost US$58m on US$188m in sales
* Not expected to reach breakeven until late 2023
Read 7 tweets
Smartkarma Research Network Profile picture
Jan 24
Voronoi $VOR.KS is getting ready to complete its IPO in Korea in March. The IPO offering base deal size is from ~US$84 million to ~US$109 million. Image
ABOUT

Founded in 2015, Voronoi is developing treatments for tumors, degenerative brain diseases, and autoimmune diseases, including a genotype-directed therapy effective for tumors caused by mutations in kinases.
The main pipelines are non-small cell lung cancer, chronic inflammatory disease, brain tumor, and triple-negative breast cancer treatment materials.
Read 8 tweets
Smartkarma Research Network Profile picture
Jan 24
Nippon Steel Corporation $5401.JP announced it will acquire stakes in GJ Steel Pcl $GJS.TB and G Steel Pcl $GSTEL.TB

Nippon Steel has signed share and purchase agreements with the alternative investment unit of Ares Management $ARES.US, the major shareholder of both steelmakers Image
GJ STEEL PCL $GJS.TB

* GJSanufactures hot-rolled steel plate and related products, which can be divided into hot-rolled coil (98.26% of sales), tempered hot rolled coil, and hot-rolled pickled & oiled products.

* 99.32% of sales in 2020 were to domestic customers. Image
Check out David Blennerhassett latest Insight for the full details on the offers (🔐): smartkarma.com/insights/nippo…
Read 4 tweets
Smartkarma Research Network Profile picture
Jan 24
SELFIE MONETIZATION

Some NFTs are indeed beautiful pieces of art but most are actually a bit quirky to the casual viewer.

Such is the case for @Ghozali_Ghozalu "Ghozali Everyday" and @Irenezhao_ "IreneDAO"
@Ghozali_Ghozalu took pictures of himself everyday for 5 years, from 2017 to 2021, and turned them into an NFT collection and posted on Opensea with a listing price of $3/NFT. It is now priced at ~$500/NFT or ~$500k for the whole collection.
A week after that, a crypto influencer by the name of Irene Zhao @Irenezhao_ listed her selfies on Opensea on Jan 14th and now her 1.1k NFT collection is priced at around 1ETH/NFT which values the entire collection at around $2.7 million.
Read 5 tweets
Smartkarma Research Network Profile picture
Jan 24
It is time for Smartkarma's (belated) weekly review.

1. #Bitcoin average realized correlation (via @jsblokland)
2. China e-commerce market share by platform (via @BernsteinBuzz)
3. China YoY growth in power production, by source (via @dlacalle_IA)
Read 11 tweets
Smartkarma Research Network Profile picture
Jan 23
Everything you need to know about Adani Wilmar $6596700Z.IN Rs36,000m (US$483m) IPO

HIGHLIGHTS
* Leader in India's edible oil market
* Top 10 consumer FMCG co. in India
* 22 manufacturing units
* 91m households reach
* 5,500+ distributors network
ABOUT

Adani Wilmar is one of the few large FMCG food companies in India to offer most of the essential kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses and sugar.
SEGMENTS

* EDIBLE OIL
* FOOD & FMCG
* INDUSTRY ESSENTIALS
Read 10 tweets

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