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TDG Gold

Consolidating Permitted, Precious Metals Projects in the Americas
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This TDG Gold Corp profile is part of a paid investor education campaign.*

Overview

Investors often talk about the Golden Triangle and the immensely attractive discovery upside contained in British Columbia. However, flocking to one region for precious and base metal mining overlooks some of the world’s most up-and-coming districts across the Americas, which some argue have the potential to mimic the successes of these more prolific mining districts.

With the real possibility of a post-pandemic surge in world silver demand, investing in precious metals players with access to projects in mining-friendly jurisdictions like British Columbia, Chile, and various regions throughout the Americas is a sensible play. Early investment in these projects could mean exceptional investment upside and exposure across an array of the most profitable resources, including silver, gold, copper and more.

TDG Gold Corp. (TSXV:TDG) is an emerging player in the precious metals mining space and an emerging consolidator of permitted, silver-focused, precious metals projects in the Americas. With an impressive acquisition track record, including three past-producing gold-silver mines along the Toodoggone Production Corridor in British Columbia and plans to rapidly expand into Chile, the company presents investors with exceptional exposure to the growing silver mining market through deep-value silver project opportunities.

The company recently announced it has entered into a non-binding Letter Of Intent (LOI) with Kingsgate Consolidated Limited (ASX:KCN) to acquire the company’s Nueva Esperanza advanced silver-gold exploration and development project in the Maricunga Belt, Chile. This LOI advances TDG Gold’s plans to grow beyond its current portfolio with the constant evaluation of new potential acquisitions in silver and gold.

The deep-value Nueva Esperanza is a permitted, advanced exploration stage, silver-rich precious metals project. With a NI-43-101 mineral resource estimate already under its belt, the company is primed for outstanding development and silver-gold discovery across the area.

The company also has over 23,000 hectares of brownfield and greenfield exploration potential through strategic ownership and earn-in agreements. Its Shasta project sits in close proximity to TDG’s other highly prospective high-grade gold-silver projects, including Baker, Mets, Bot and Oxide Peak properties — all located along the Toodoggone Production Corridor.

The Toodoggone Production Corridor possesses rolling hill structural characteristics, arguably making the region a much easier mining district than the more well-known Golden Triangle based on topography alone. TDG Gold currently has three past-producing mines in the Toodoggone–an area that is ripe for consolidation with numerous neighbouring resource companies hosting multi-million ounce deposits.

The Shasta project is a near-term production asset that hosts excellent infrastructure, bulk tonnage potential mineralization and road access. The company has already announced a target initial resource for the project of between 0.9 and 1.47 million ounces of gold equivalent for the first half of 2022.

Additionally, the adjacent Baker property boasts similar advantages but will require considerable exploration to gauge the true potential of such a large footprint.

TDG Gold is currently fully funded, with approximately $6.5 million in the treasury, for the current exploration plans, which include a 3,000 to 4,000-metre drill program at Shasta in 2021.  The company recently announced a further $4M private placement to expand the program at Shasta and the prospective Baker property.

The next steps for the company include rapidly advancing the permitted near-term production opportunities within the portfolio while continuing to evaluate additional acquisition targets that align with the company’s focus on permitted silver dominant precious metals assets in the Americas. Nueva Esperanza presents TDG with especially advantageous possibilities for project optimization with a Feasibility study targeted for 2022 and production as early as 2024. In combination with TDG Gold’s flagship projects in British Columbia, the company is well on its way to becoming a major consolidator of advanced stage silver-gold assets across the Americas.

TDG Gold’s Company Highlights

  • TDG Gold is an emerging consolidator of permitted, silver-focused, precious metals projects in the Americas. The company currently operates in the highly prospectiveToodoggone Production Corridor in north-central British Columbia and the vibrant mining-friendly district of Maricunga, Chile.
  • The company continues to actively consolidate silver-focused, deep-value opportunities through exploration, development and acquisition of permitted advanced exploration-stage projects, such as their recent acquisition of the Nueva Esperanza project in Chile.
  • TDG has over 23,000 hectares of brownfield and greenfield exploration opportunities across its five mining projects: Shasta, Baker, Mets, Bot and Oxide Peak in the Toodoggone in North Central British Columbia.
  • The Shasta property has a resource target of 0.9 to 1.47 million ounce gold equivalent which it expects to publish in half one, 2022
  • The highly prospective Baker project sits adjacent to Shasta and boasts high-grade gold and silver mineralization potential and excellent road accessibility, valuation and exploration upside.
  • The Toodoggone is ripe for consolidation and TDG’s Baker and Shasta projects represent significant strategic importance in any roll-up strategy, due to their critical infrastructure, including expandable 200 tonne per day mill, tailings facility and only road access through the district.
  • Next steps for the company include near-term project development and acquisition of silver-focused assets across the Americas and extensive exploration of the Shasta and Baker properties, plus the advancement of Shasta and Nueva Esperanza toward production as early as 2024

TDG Gold’s Key Projects

Nueva Esperanza Project

Nueva Esperanza is located in the Maricunga Belt, Chile and is an advanced-stage silver-gold project that further bolsters TDG Gold’s extensive portfolio of high-value projects.

The company recently announced an initial 43-101 mineral resource of 14.44 million tonnes containing 54.3 million ounces silver equivalent at an average grade of 117 grams per tonne Indicated and 17.06 Mt containing 52.7 million ounce silver equivalent at an average grade of 96 g/t Inferred

The project was granted an Environmental Impact Assessment approval in July 2020, paving the way for pre-development and construction. With a NI 43-101 mineral resource estimate already established, TDG remains excited to continue developing this highly prospective silver mining opportunity.

Shasta Project

The Baker-Shasta property covers just over 6,000 hectares and includes the past-producing high-grade gold-silver Baker mine and Shasta mine. The strategically positioned past-producing mines leverage excellent road accessibility, existing infrastructure and are located approximately  430 kilometers from Prince George, British Columbia. TDG completed the acquisition of this asset and inclusive Toodoggone project portfolio from Talisker Resources Ltd. (TSE:TSK) in December 2020.

The revitalized Shasta asset hosts incredible mineralization with a targeted 0.9 to 1.47 million ounce gold equivalent resource across valuable brownfield and greenfield exploration opportunities. A robust exploration program at Shasta is underway to confirm the resource target by the first half of 2022, while the highly prospective Baker project has further potential to see significant discoveries across its epithermal multiphase quartz-carbonate stockwork vein/breccia deposit structure.

The main Creek pit and JM zone remain the largest areas of interest for the company. Data currently points to expansive mineralization potential open to the south and north ends with bulk tonnage possibilities. TDG intends to explore Shasta in 2021 with a proposed 3,000 to 4,000-meter exploratory drilling campaign and resource estimation in 2022.

Baker Project

The Baker project sits adjacent to TDG’s flagship Shasta property and presents excellent exploration upside with brownfield and greenfield exploration opportunities, existing infrastructure road accessibility and 25,000 meters of historic drilling under its belt.

Main targets on the property include the “A’ and “B” Vein deposits and Black Gossan target, which have all seen considerable exploration between the early 1980s and late 1990s and production of 41,281 ounces of gold and 765,565 ounces of silver. The sporadic exploration history poses exciting discovery potential for widespread high-grade silver and gold mineralization across five main veins in six defined zones. Its unique milky quartz veins currently stand as the principal host to economic mineralization.

The quartz vein system has been traced for a strike length of 435 meters with attractive branching into individual veins for potential footprint expansion. As a highly prospective secondary project to Shasta, TDG remains excited to explore this asset and its tremendous exploration upside.

TDG Gold’s Management Team

Dr. Fletcher Morgan — CEO & Director

Dr. Fletcher Morgan is the founder of Elemental Capital Partners LLP, a boutique exempt Market dealer and corporate advisory firm exclusively focused on mining and metals. Dr. Morgan is a qualified management consultant who has functioned in the capacity of interim CEO, EVP and advisor for several junior companies; including listing and capital raising.

Dan O’Brien — CPA, CA, CFO

Dan O’Brien is an experienced CFO of mineral exploration companies trading on the TSX and TSX Venture stock exchanges. He is a current member of the Chartered Professional Accountants of British Columbia having obtained his CA designation in 2006. O’Brien previously spent eight years with Davidson & Company LLP Chartered Professional Accountants where he specialized in the audit of public companies in the mining and resource sector.

Andy Randell — Interim VP Exploration (SGDS Hive)

Andy Randell has over 15 years of experience working across BC, Yukon and South America on a variety of precious and base metal deposits. He runs the geological consulting firm SGDS Hive, and has previously held the position of VPEx with Strikepoint Gold and chief geologist for Ryan Gold Corp. He also serves on several research and advocacy Boards including AME and taught Mining Law and Indigenous Relations courses at BCIT.

Christy Smith — VP Sustainability

Christy is a highly skilled and accomplished professional with 20+ years of proven expertise in initiating strategic discussions with communities of interest groups resulting in the reduction of risk to project timelines. She specializes in working within the consultation requirements for permitting and Environmental Assessment processes and is recognized for her professional and personal understanding of non-traditional/traditional Aboriginal culture.

Andrew G. French — Chair & Director

Andrew is a Geologist and Senior Mining Fund Analyst with 26 years of international mining resource fund experience, prior to which he was an exploration geologist for 10 years, having worked in Canada, UK and South Africa.

Terry Harbort — Director

CEO, President & Director of Talisker Resources Ltd. Terry has a PhD in Structural Geology and Tectonics. He is a recognised senior member of the discovery team of AngloGold Ashanti’s La Colosa and Gramalote deposits and former Chief Geoscientist, Barkerville Gold Mines Ltd

Evandra Nakano — Director

Evandra is the founder, President, CEO and Director of Infield Minerals Corp., advancing its high-grade gold-silver exploration projects in Nevada. She was also co-founder and former CEO and CFO of Kismet Resources Corp., which amalgamated with TDG Gold in 2020. She has a strong background in geology and was a key member of B2Gold’s technical team from 2010 to 2014.

Matt Filgate — Director

Matt is Regional Project Geologist for Talisker Resources Ltd. with a focus on business development, project evaluation and exploration execution across multiple projects in southern BC. He was instrumental in the redefinition of the Barkerville Gold Camp which resulted in the discovery of >4 million Au oz.

John-Paul Dau — Director

JP was a co-founder of Angkor Gold Corp. – a TSX.V listed Project Generator which acquired and developed numerous assets in Asia. He brings an extensive background in project management, business development, and fundraising

Stephen Quin — Transaction & Technical Advisor

Stephen is a graduate of the Royal School of Mines, London, with a B.Sc. in Mining Geology, a Professional Geoscientist in BC and has 40 years’ experience in all facets of the mining industry from exploration to operations, as well as capital markets. He is the former CEO and President of Midas Gold, former President and COO of Capstone Mining, was President & CEO of Sherwood Copper and Executive Vice President of Miramar Mining Corp. and Northern Orion Explorations. He currently serves as a non-exec director of Chalice Mining Limited and Kutcho Copper Corp.

Jim Zadra — Financial Advisor

Jim served as CFO of Great Panther Mining Limited from 2012 to 2021 where he contributed to significant growth in production profile and geographic expansion through acquisitions and expansion of operations. He is a CPA CA, has an MBA from Queen’s University and B. Comm from the University of British Columbia. He started his career with Deloitte, worked as an analyst with Canaccord and held other CFO and senior financial leadership roles with various technology companies.

Rodrigo Morel — Technical Advisor

Rodrigo is the former national director of exploration for Codelco – a Chilean state-owned copper mining company. He has over 40 years of experience both in exploration and mine geology, and has worked for different mining and exploration, international and national, senior and junior companies, both as staff or as a consultant including Codelco, BHP Billiton, Anglogold and Barrick.

Adrian King — Technical Advisor

Adrian was the head of Chilean & Argentinian exploration for Teck Resources Limited before becoming Teck’s Head of Global Exploration in 2016. His roles have covered projects at all stages from generative through to evaluations, commercial and resource-reserve definitions. Adrian has authored and co-authored several scientific papers and has been a team member of multiple discoveries.


*Disclaimer: This profile is sponsored by TDG Gold Corp. (TSXV:TDG). This profile provides information that was sourced by the Investing News Network (INN) and approved by TDG Gold Corp., in order to help investors learn more about the company. TDG Gold Corp. is a client of INN. The company’s campaign fees pay for INN to create and update this profile.

INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with TDG Gold Corp. and seek advice from a qualified investment advisor.

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Economics

Is housing inventory growth really slowing down?

The problem with new listings declining now is what will happen if mortgage rates make a solid push lower.
The post Is housing inventory growth really…

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One of the most important housing market stories in recent weeks has been the decline in new listings, which has slowed the growth rate of total inventory. What does this mean? Some have said this is evidence of a soft landing for housing since we are in August and it doesn’t look like we are going to even get to the peak inventory levels we saw in 2019 this year, or even breach the lower levels of 2019 on the national data.

From the National Association of Realtors:

What I want to talk about is the concern I’ve had throughout this post-COVID-19 housing market: When will we get total inventory back into a range of 1.52 million to 1.93 million? Once that happens, I can finally take the savagely unhealthy housing market theme  off my talking points.

First let’s take a look at the data.

Redfin:

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Realtor.com:

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Altos Research:

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Clearly, we are seeing a slowdown in new listings as the data has been negative now for months. One thing that I have stressed is that higher mortgage rates can create a slowdown in demand and thus allow more inventory to accumulate through a weakness in demand. After March of this year when rates were rising, this was the case, especially when rates ranged between 5% to 6%. Inventory growth is happening much like we saw in 2014 — the last time total inventory grew — which was also the last time mortgage purchase application data went negative year over year. 

However, inventory accumulation due to weakness in demand is only one of many ways to see inventory increase. If you really want to see inventory grow to 2019, 2016, 2014 or even 2012 levels, you need a healthy amount of new listing growth each year. We aren’t talking forced sellers, foreclosures or even short sellers. With just traditional new listings and with higher rates and time, we should be able to hit peak 2019 inventory levels. 

The problem with new listings declining now is what will happen if mortgage rates make a solid push lower. At that point housing inventory could slow even more, pause, and in some cases fall again due to demand. If mortgage rates peaked at 6.25% or 6.50%, that means that the next big move should be lower and that is a risk to getting balance back into the system.

How low do rates need to go?

Mortgage rates have made a move of 1.25% in recent week and I have talked about how low they need to go to make a material shift in the markets. Looking at the most recent mortgage purchase application data, I haven’t seen anything yet to show that demand is coming back in the meaningful way. In fact the recent data shows that even though we saw a positive 1% move week to week, the year-over-year data is still down 19%.

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So as of now, the growth rate of inventory slowing down is a supply issue more than demand picking up in a meaningful way. This is why if rates do fall, we will have more supply and more choices for borrowers, who in some areas won’t have to get into a bidding war for a home. This is something I will be keeping an eye on for the rest of the year, since I do have all six of my recession red flags up, which historically means that rates and bond yields fall.

Two things that I believe are key for a soft landing are rates falling to get housing back in line and inflation growth falling so the Fed can stop with the rate hikes and start cutting rates if the economic data gets even worse.

Inflation!

The recent inflation data did surprise the downside a bit, sending the bond market rallying, stocks higher and mortgage rates falling.

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However, we are far from calling it a victory as inflation growth rate is still very high and we do have some variables that can create supply shortages, such as war and aggression by other countries. 

For today, people cheered the growth rate of inflation falling as they know this is the biggest driver of the Federal Reserve’s hawkish tone and more aggressive rate hikes. Also, in general, the mood of Americans is much better when gasoline prices are falling and not rising. However, we need much more aggressive monthly prints heading lower for the Fed to be convinced that inflation is no longer a concern. 

All in all, the decline in new listings does warrant a conversation on how much more growth we will see for the rest of the year. Inventory data is very seasonal and traditionally we see inventory start to fall in October as people start getting ready for the holidays and the New Year, and then in the spring and summer inventory pops up again.

I would remind everyone that the growth rate of inventory, working from all-time lows, was aggressive in the last few months, so some context is needed if we do see some weekly declines in inventory during the summer months. For now, this is due to a lack of new sellers rather than demand picking up. If demand starts to pick up due to falling rates, that is an entirely different conversation we will have, but we haven’t crossed that bridge yet. 

Just remember that American homeowners are just in much better shape these days.

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I know the professional grift online since October of 2021 was that a massive wave of millions of people were going to list their homes to sell at any cost to get out before the housing market crashed. 

However, homeowners don’t operate this way. A traditional home seller is a natural homebuyer, buying another property when they sell. They don’t sell their house to be homeless or purposely sell to rent at a higher cost for no good reason. If we get a job loss recession we can have a further discussion of credit risk profiles, but for now, it shouldn’t be too shocking that new listings are declining, except for the fact it’s happening sooner than later in the year.

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Economics

US CPI eases substantially to 8.5% but the Fed yet to “hit the brakes”

US consumers received a welcome break from the meteoric rise in prices with the July CPI ‘easing’ more than anticipated to 8.5% Y-o-Y. The figure moderated…

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US consumers received a welcome break from the meteoric rise in prices with the July CPI ‘easing’ more than anticipated to 8.5% Y-o-Y.

The figure moderated from 9.1% in June owing to a fall in surging gasoline prices as the summer driving season came to a close.

Forecasts had suggested that the CPI may only fall to 8.7%.

Prices of key commodities such as corn, wheat and copper also declined by 20.4%, 27.7% and 13.5% compared to 3 months ago at the time of writing.

Buoyed by renewed optimism, the S&P 500 has risen by 2.1% thus far during today’s session.

Yet, the rate of inflation is still far above the Fed’s stated 2% target.

Source: Investing.com

Core CPI which excludes volatile energy and food items from the main basket stayed unchanged at 5.9% Y-o-Y while increasing by 0.3% on a monthly basis, significantly below July expectations of 0.7%.

Pimco economists Tiffany Wilding and Allison Boxer noted that although headline inflation has eased, core CPI has stayed firm, and has even seen an uptick in related data released by the Fed’s regional institutions.

The July reading showed the sharpest Y-o-Y dip since March 2020, when CPI fell from 2.3% in February to 1.5% as the initial lockdowns took effect.

Source: Investing.com

American families continue to battle sky-high prices amid declining real wages. Simon Moore, a contributor at Forbes magazine adds that “price increases for many other areas of the economy still remain concerning for the Fed.”

The broad-based nature of inflation has meant essentials such as food, rent, and health services are continuing to see an uptick despite a lower aggregate number.

For instance, the Bank of America noted that the average monthly rent has risen by 16% for those in the youth demographics.

Source: TradingEconomics.com, US EIA

Jobs market

The substantial dip in the CPI has proved to be a bit of a surprise following the latest jobs report which registered an increase of 528,000 in July, with the unemployment rate falling to a low of 3.5%.

The labour market continues to remain unnaturally tight despite the Fed’s overall hawkishness, two consecutive quarters of GDP contraction, and reports of big-tech lay-offs earlier in the year.

A tighter job market usually implies more competition for talent, higher wages and ultimately more spending. More spending tends to push up consumer inflation necessitating rate hikes.

As of July 2022, the U.S economy has been able to replace the 22 million jobs that were lost amid covid lockdowns, leading to predictions of a “jobful recession.”

Economists argue that this unique situation may be fueled in part by ageing demographics and a sharp decline in immigration during the course of the pandemic.

Productivity data

A key concern for the Federal Reserve is falling labour productivity in the economy. The output per worker reduced for a second consecutive quarter to -4.6% Y-o-Y, having registered a fall of 7.4% in the first three months of the year.

Q1 marked the deepest cut in labour productivity since records began in 1948, 74 years ago. This was reinforced by the weakness in GDP data that contracted in both Q1 and Q2, contrasting with the positive signals from the headline jobs figures.

At the same time, unit labour costs increased 10.8% in Q2, although real wages have contracted 3.5% over the past year.

Can we expect a pause in rate hikes?

Bluford Putnam, Managing Director & Chief Economist, CME Group, wrote “…factors has changed course in the past six to 12 months and is no longer likely to be a source of future inflation”

Elevated goods demand due to the pandemic and ongoing lockdowns have eased markedly; supply chain disruptions will take time to alleviate completely but significant strides have been made in this regard; the gigantic fiscal stimulus injected during the covid crisis has largely run its course; central banks are finally reducing their balance sheets; while policymakers have embarked upon the withdrawal of rock-bottom interest rates.  These are all sources of price rise that have seemingly turned the corner.

In addition, gasoline prices are likely to ease for the foreseeable future, while WTI and Brent have fallen 4.7% and 2.4%, respectively over the past month.

However, Bill Adams of Comerica Bank has been reluctant to call a peak to inflation and expects that the US is at risk of “another energy price shock” over the winter.

The conduct of monetary policy has never been a clear-cut matter. The judgement of monetary authorities is paramount while projecting into the future has always been fraught with known and unknown unknowns. 

The relatively sharp decline in CPI, contracting GDP and tightness in the job market tell a muddled tale.

For the average householder, costs are punitive, and inflation is likely to stay sticky.

However, the New York Fed in its July survey of expectations found that inflation expectations of the ‘general public’ have followed gasoline and broader energy prices lower, with one year ahead expectations falling to 6.2%.

Since inflation expectations are central to the monetary policy equation, once again, we find that supply-side factors not under the control of central banks may have influenced public sentiment and consumer behaviour more so than simply tighter policies.

In light of the likely easing among key inflationary sources, CME’s FedWatch Tool reports that there is a 60.5% probability of a 50 bps hike in September, while there is a 39.5% chance of a third consecutive 75 bps hike.

This is in spite of the fact that Jerome Powell believes that the Fed has been able to achieve the neutral interest rate during its last meeting – a level where the economy is neither constrained into contraction nor incentivized to expand.

Putnam states that “any level of short-term rates that is below a reasonable view of inflation expectations remains accommodative”, resulting in the Fed taking “its foot off the accelerator, but it has not hit the brakes. “  

Moore points out that “Inflation is starting to fall, but still not by as much as the Fed would like and it may be some time before they can declare any sort of victory”

For now, all eyes will be on tomorrow’s Producer Price Index data and the likely passing of the controversial Inflation Reduction Act in the coming days.

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Stocks

4 Natural Gas Stocks To Watch Today

Are these the best natural gas stocks to watch today?
The post 4 Natural Gas Stocks To Watch Today appeared first on Stock Market News, Quotes, Charts…

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Check Out These 4 Top Natural Gas Stocks In The Stock Market Today

If you’re looking for an investment in the stock market that will give you exposure to the natural gas industry, then natural gas stocks may be a good option. For the uninitiated, Natural gas is a vital commodity used in a variety of industries, including power generation, heating, and manufacturing. And as the world moves to cleaner energy sources, demand for natural gas is expected to grow.

Despite the downturn in the economy, natural gas stocks have held their value quite well in recent years. This is evident with natural gas stocks such as Royal Dutch Shell (NYSE: RDS.A) and Antero Resources Corporation (NYSE: AR). Both companies have seen their share price increase year-to-date by 19.07% and 113.76%, respectively. While the natural gas industry is not immune to market fluctuations, it has proven to be relatively stable in turbulent times. Moreover, natural gas is a increasingly popular energy source, due in part to its relatively low emissions. As more and more countries commit to reducing their carbon footprint, demand for natural gas is expected to rise. For these reasons, I’m not surprised investors are turning their attention to natural gas stocks in the stock market today.

Natural Gas Stocks To Watch Today

Occidental Petroleum (OXY Stock)

Occidental Petroleum (OXY) is an international energy company that has majority of its assets throughout the U.S., Middle East, and North Africa. The company is one of the largest oil producers in the U.S., as well as a leading producer in the Permian and DJ basins, and the offshore Gulf of Mexico. Its midstream and marketing segment provides flow assurance and maximizes the value of its oil and gas products. Also, Occidental Petroleum has its Oxy Low Carbon Ventures subsidiary that is advancing leading-edge technologies and business solutions that economically grow its business.

Just this month, OXY reported a beat for its 2nd quarter 2022 results. Diving in, the company reported earnings of $3.16 per share on revenue of $10.7 billion. Wall street’s conensus earnings estimate was $2.93 per share on revenue of $9.8 billion. This reflects an increase in revenue of 78.6% year-over-year. Since releasing these results, OXY stock has jumped over 5% and is currently trading on Wednesday afternoon at $63.25 per share.

Oxy completed another quarter with strong operational and financial performance across all of our businesses. We generated $4.2 billion of free cash flow before working capital in the second quarter, our highest quarterly free cash flow to date. We also achieved a significant milestone as we surpassed our near-term debt reduction goal and activated our share repurchase program,” commented President and Chief Executive Officer Vicki Hollub. All in all, is OXY on your list of stocks to watch today?

OXY stock
Source: TD Ameritrade TOS

[Read More] What Are The Best Stocks To Invest In? 4 Lithium Stocks To Know

ConocoPhillips 

Following that, let’s take a look a independent exploration and production company, ConocoPhillips (COP). In brief, ConocoPhilips explores, produces, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids. With operations in 14 countries around the world, while boasting $87 billion worth of total assets, I could see why investors may be add COP stock to your radar in the stock market today. In August, ConocoPhillips reported a miss for its second quarter 2022 results.

In detail, the company posted earnings of $3.91 per share on revenue of $22.0 billion. Analysts consensus earnings expectations were $3.78 per share on revenue of $17.2 billion. Next, the company notched a 115.3% increase in revenue on a year-over-year basis. As well as announcing a $5 billion increase in estaimted 2022 return on capital to its shareholders, brining it to a total of $15 billion. Over the last five trading days shares of COP stock are up 3.75% and it’s currently trading at $96.09 a share on Wednesday afternoon.

The second quarter delivered strong financial results and presented outstanding opportunities to accelerate progress on our Triple Mandate to reliably and responsibly deliver oil and gas production to meet energy transition pathway demand, deliver competitive returns on and of capital for our shareholders, and achieve our net-zero operational emissions ambition,” quoted chairman & CEO Ryan Lance. All being said, is now the time to add COP stock to your radar?

COP stock chart
Source: TD Ameritrade TOS

Chevron 

Next, let’s check out Chevron (CVX). Chevron is another natural gas company to watch in the stock market today. The company focuses in producing a broad range of offerings. This ranges from the production of crude oil and natural gas to the manufacturing of transportation fuels and petrochemicals. Separate from that, Chevron also develops additives alongside industry-relevant tech solutions. For a sense of scale, they currently have operations in over 180 countries across the globe.

In July, the company reported a beat on its 2nd quarter 2022 results. In the earnings report, Chevron reported a year-over-year revenue increase of 82.9%. Furthermore, the company posted an earnings per share of $5.82 on revenue of $68.8 billion. As a whole, wall street estimates for this quarter were $5.02 per share on revenue of $55.1 billion. “Second quarter financial performance improved as we delivered a return on capital employed of 26 percent,” commented Mike Wirth, Chevron’s chairman and chief executive officer. As a result, shares of CVX have gained 10% in the last month of trading action and is currently trading at $155.77 during Wednesday’s lunchtime session.

CVX stock chart
Source: TD Ameritrade TOS

[Read More] Stock Market Today: Dow Jones, S&P 500 Rally On Less-Than-Expected Inflation Report

ExxonMobil

Last but not least, let’s look at ExxonMobil (XOM). As most would know, ExxonMobil is among the largest players in the global energy and petrochemical market today. Through its broad portfolio, ExxonMobil serves the energy needs of the world. Among ExxonMobil’s core divisions would include its Upstream, Product Solutions, and Low Carbon Solutions. Through this, the company produces energy, chemicals, lubricants, and low-emission tech. 

At the end of last month, XOM announced a better-than-expected second quarter 2022 results. Specifically, the company announced a earnings of $4.14 per share on revenue of $115.7 billion. This was better than the consensus estimates of earnings per share of $3.80 and revenue of $120.2 billion. Also, Exxon notched in a 70.8% year-over-year jump in revenue for the quarter. “Earnings and cash flow benefited from increased production, higher realizations, and tight cost control,” commented chairman and CEO Darren Woods. “Strong second-quarter results reflect our focus on the fundamentals and the investments we put in motion several years ago and sustained through the depths of the pandemic.” On Wednesday afternoon, shares of XOM stock are trading at $91.40. Given all this, do you think XOM stock is a buy now?

XOM stock chart
Source: TD Ameritrade TOS

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