{"id":45485,"date":"2021-09-08T09:04:49","date_gmt":"2021-09-08T13:04:49","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=45485"},"modified":"2021-09-08T09:04:49","modified_gmt":"2021-09-08T13:04:49","slug":"why-carbon-capture-is-the-next-big-thing-flr-clne-nee-eqnr-enph-bep-be-nrg-vkin","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/why-carbon-capture-is-the-next-big-thing-flr-clne-nee-eqnr-enph-bep-be-nrg-vkin-45485","title":{"rendered":"Why Carbon Capture is the Next Big Thing (FLR, CLNE, NEE, EQNR, ENPH, BEP, BE, NRG, VKIN)"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">We recently unveiled our new emerging thematic investment idea for the next year: Carbon Capture. In our last piece, we talked about Canada\u2019s landmark mandate in this arena. However, we would be remiss to avoid mention of another dynamic here \u2013 Elon Musk\u2019s pledge from months ago to grant a $100 million prize to whoever is able to develop the best technology to capture carbon dioxide emissions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to a Reuters piece from January, Musk put out a tweet, noting: \u201cAm donating $100M towards a prize for best carbon capture technology.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Naturally, this came just after Biden was sworn in as the new POTUS. In the intervening period, Biden has shown his interest in this theme, proposing this summer to increase funding for the Department of Energy&#8217;s Office of Fossil Energy and Carbon Management Research and Development to $890mn from $750mn, and to shift the focus on the program to &#8220;climate-centric activities&#8221; such as carbon capture, utilization, and sequestration (CCUS) projects.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to an <\/span><a href=\"https:\/\/www.argusmedia.com\/en\/news\/2220575-biden-seeks-more-mine-cleanup-carbon-capture-spending\"><span style=\"font-weight: 400;\">Argusmedia.com<\/span><\/a><span style=\"font-weight: 400;\"> piece, that would include increasing spending on carbon capture utilization and storage programs to $305mn from the $188mn enacted for fiscal 2021, and cutting spending on transformational coal pilot projects to zero from $10mn.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In other words, CCUS is finally becoming Big Business. And the leaderboard in this space, from a stock market speculator\u2019s standpoint, is still basically wide open.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the end of the day, if you have the richest and most lionized man in the world on board with the president of the most powerful country in the history of the world about the critical importance of a specific theme, that theme is likely primed for enormous investment and value creation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As such, we look at recent catalysts from a few of the names already positioned for potential leadership in this emerging multi-billion-dollar space.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Equinor ASA (NYSE:EQNR)<\/b><span style=\"font-weight: 400;\"> engages in the exploration, production, transport, refining, and marketing of petroleum and petroleum-derived products. It operates through the following segments: Exploration and Production Norway, Exploration and Production International, Exploration and Production USA, Marketing, Midstream, and Processing, and Other.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The company\u2019s materials note its decades of \u201cexperience from CCS projects of various sizes and successfully maturing the technology from the R&amp;D stage to operations, puts us in a leading position to contribute in making CCS reach commercial scale&#8230;&#8230;We will increase our renewable energy capacity tenfold by 2026. Our aim is to be a global offshore wind major, while strengthening our industry-leading position on carbon efficient production.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Equinor ASA (NYSE:EQNR) recently announced that it is accelerating its transition and setting an ambition to reach a 40% reduction in net carbon intensity by 2035, on the way towards net zero by 2050. According to its release, that means stepping up investments in renewables and low carbon solutions to more than 50% of gross annual investments by 2030 and growing cash flow and returns, expecting a free cash flow of around USD 35 billion before capital distribution in 2021 \u2013 2026, and around 12% return on average capital employed in 2021 \u2013 2030.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cOur strategy is backed up by clear actions to accelerate our transition while growing cash flow and returns. We are optimising our oil and gas portfolio to deliver even stronger cash flow and returns with reduced emissions from production, and we expect significant profitable growth within renewables and low carbon solutions. This is a strategy to create value as a leader in the energy transition\u201d, says Anders Opedal, president and CEO of Equinor.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The context for this announcement is a bit of a bid, with shares acting well over the past five days, up about 6% in that timeframe.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Equinor ASA (NYSE:EQNR) managed to rope in revenues totaling $149.3B in overall sales during the company&#8217;s most recently reported quarterly financial data &#8212; a figure that represents a rate of top line growth of 89.4%, as compared to year-ago data in comparable terms. In addition, the company has a strong balance sheet, with cash levels exceeding current liabilities ($215.7B against $193.5B).<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Viking Energy Group Inc (OTC US:VKIN)<\/b><span style=\"font-weight: 400;\"> engages in the acquisition, exploration, development, and production of oil and natural gas properties. It owns and invests in oil and gas assets located in North America in Kansas, Missouri, Texas, Louisiana, and Mississippi. But recent news shifts this story in the CCUS space. This also applies to its parent company, Camber Energy Inc (NYSEAMERICAN:CEI).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The company is another key player that has recently entered the Carbon Capture space through its deal with a leader on the IP side in CCUS. The market is starting to see this one more clearly, which could mean market participants have a pretty brief window for appraisal before they face steeper per-share pricing to establish interest.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Viking Energy Group Inc (OTC US:VKIN) recently announced that it has entered into an Exclusive Intellectual Property License Agreement with ESG Clean Energy regarding ESG\u2019s patent rights and know-how related to stationary electric power generation, including methods to utilize heat and capture carbon dioxide. This has the potential to catapult VKIN into a key position in the clean energy space.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the release, the ESG Clean Energy System is designed to generate clean electricity from internal combustion engines and utilize waste heat to capture ~ 100% of the carbon dioxide (CO2) emitted from the engine without loss of efficiency, and in a manner to facilitate the production of precious commodities (e.g., distilled\/ de-ionized water; UREA (NH4); ammonia (NH3); ethanol; and methanol) for sale.\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">James Doris, President and Chief Executive Officer of Viking, commented, \u201cIn my view this transaction positions us as an industry leader in terms of being able to assist with the power generation needs of commercial and industrial organizations while at the same time helping them reduce their carbon footprint to satisfy regulatory requirements or to simply follow best ESG-practices. We are excited to be able to use the platform of Simson-Maxwell Ltd., our recently acquired majority-owned subsidiary, to promote the ESG Clean Energy System.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Viking Energy Group Inc (OTC US:VKIN) shares are up over 80% in the past two weeks after making this deal. But the total addressable market in play for this theme suggests that could be just the tip of the iceberg for a stock coming from such cheap levels \u2013 one to keep an eye on for risk-tolerant speculators looking for something with multi-bagger possibilities.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Fluor Corp (NYSE:FLR)<\/b><span style=\"font-weight: 400;\"> has proprietary technology that uses carbonate fuel cells to efficiently capture and concentrate carbon dioxide streams from large industrial sources. Combustion exhaust is directed to the fuel cell, which produces power while capturing and concentrating carbon dioxide for permanent storage.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Overall, the company focuses on capital-efficient projects to clients around the world to provide engineering, procurement and construction services and has been a key player for more than 100 years.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Fluor Corp (NYSE:FLR) most recently announced that it has commenced a cash tender offer to purchase notes for an aggregate purchase price, excluding accrued interest, of up to $400 million (as it may be increased or decreased, the &#8220;Total Maximum Amount&#8221;); provided that the Company will only accept 2024 Notes up to an aggregate purchase price of $100 million (the &#8220;2024 Notes Maximum Amount&#8221;).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the release, the Offer is being made subject to the terms and conditions set forth in the Offer to Purchase dated August 31, 2021 (as it may be amended or supplemented from time to time, the &#8220;Offer to Purchase&#8221;). Capitalized terms used in this announcement but not defined have the meaning given to them in the Offer to Purchase.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Over the past month, shares of the stock have suffered from clear selling pressure, dropping by roughly -5%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Fluor Corp (NYSE:FLR) managed to rope in revenues totaling $3.2B in overall sales during the company&#8217;s most recently reported quarterly financial data &#8212; a figure that represents a rate of top line growth of -20.9%, as compared to year-ago data in comparable terms. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($2.7B against $3.7B, respectively).<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">We would also point out other players with strong ties to this theme, including Clean Energy Fuels Corp (NASDAQ:CLNE), NextEra Energy Inc (NYSE:NEE), Enphase Energy Inc (NASDAQ:ENPH), Brookfield Renewable Partners LP (NYSE:BEP), Bloom Energy Corp (NYSE:BE), and NRG Energy Inc (NYSE:NRG).<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We recently unveiled our new emerging thematic investment idea for the next year: Carbon Capture. In our last piece, we talked about Canada\u2019s landmark mandate [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[15918,15917,589,15708,15938,15949,15735,15937,15388],"stock_ticker":[],"class_list":["post-45485","post","type-post","status-publish","format-standard","hentry","category-business","tag-be","tag-bep","tag-clne","tag-enph","tag-eqnr","tag-flr","tag-nee","tag-nrg","tag-vkin","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why Carbon Capture is the Next Big Thing (FLR, CLNE, NEE, EQNR, ENPH, BEP, BE, NRG, VKIN) - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/why-carbon-capture-is-the-next-big-thing-flr-clne-nee-eqnr-enph-bep-be-nrg-vkin-45485\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Carbon Capture is the Next Big Thing (FLR, CLNE, NEE, EQNR, ENPH, BEP, BE, NRG, VKIN) - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"We recently unveiled our new emerging thematic investment idea for the next year: Carbon Capture. 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He has two master\u2019s degrees and served four years in the U.S. Navy. His bachelor\u2019s degree is from CSUS (1999) where he was on a baseball pitching scholarship. His second master\u2019s degree is an MBA in Global Management from the University of Phoenix (2006). He has worked for small businesses, public agencies, and large corporations. He has lived in Korea and Saudi Arabia where he was an ESL instructor. 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