- for speed listening, go to the settings wheel on the bottom right of the video and choose playback speed - after a few seconds, the video quality improves.

Intro Capital and Legal Structure - 7 Oct 24

Summary and Description - 7 Oct 24

Investment Discussion - 7 Oct 24

Investment Discussion - 7 Oct 24

SARRIA News -INTU
Aengus McMahon
Consolidated Energy - comment
Aengus McMahon

The purchase of OCI’s 50% stake in Natgasoline will be completed on 27th June. We expect no change in ownership before 2026 bu

Aengus McMahon
Consolidated Energy - Resiliance - Positioning
Aengus McMahon
Consolidated Energy - Resiliance - Positioning
Aengus McMahon

Please find our updated analysis here.

Despite an unscheduled two-month outage at Natgasoline in Q4, the insurance settlement was swift, and Natgasoline was able to refinance its bank debt in

Aengus McMahon
Aengus McMahon
Consolidated Energy - comment
Aengus McMahon

We estimate that the CONSOL stake in Natgasoline is worth around $1.1 billion. Additionally, CONSOL would receive compensation if its contract to

Aengus McMahon
Wolfgang Felix
Sarria: Tariff Terror - what it means for every name
Wolfgang Felix

As tariffs continue to influence market dynamics, we've taken a comprehensive look across our coverage to highlight the names most likely to be affected. For full transparency, we've also included those that remain unaffected—it's just as important to understand where the impact isn't being felt. 

The idea here is

Wolfgang Felix
Aengus McMahon
Consolidated Energy - comment
Aengus McMahon

OCI wants to include its 50% stake in Natgasoline in the disposal of its methanol assets to Methanex. OCI has just received a ruling in its favour in the

Aengus McMahon
Aengus McMahon
Consolidated Energy - comment
Aengus McMahon

The Fitch downgrade from BB- to B+ reflects the risks we highlighted in our investment memorandum. Consolidated Energy (CONSOL) operates in

Aengus McMahon
Consolidated Energy – Looking for an improvement
Aengus McMahon
Consolidated Energy – Looking for an improvement
Aengus McMahon

Please find our slightly updated analysis here.

The 24Q3 results from Consolidated Energy (CEF) continue to improve as disrupted quarters in 2023 runoff from the LTM numbers. However, the fourth quarter did

Aengus McMahon
Aengus McMahon
Consolidated Energy - comment
Aengus McMahon

OCI selling its methanol business to Methanex means ownership of the Natgasoline JV (operated by CEL) is under discussion. The Natgasoline plant cost around

Aengus McMahon
Aengus McMahon
Consolidated Energy - comment
Aengus McMahon

Acquiring a field from Venezuela is still in the early stages. It would require export waivers from the US (the ultimate destination of much of

Aengus McMahon
Consolidated Energy – Peering into the mist - Initiation
Aengus McMahon
Consolidated Energy – Peering into the mist - Initiation
Aengus McMahon

Please find our analysis here.

Consolidated Energy has had a terrible run of luck operationally but has well-invested assets and should see significant improvements in cash flow over

Aengus McMahon