Consolidated Energy - comment

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 McMahon13 June 2025CONSOLIDATED

Consolidated Energy - Resiliance - Positioning

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 McMahon4 June 2025CONSOLIDATED

Consolidated Energy - comment

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

Aengus McMahon22 May 2025CONSOLIDATED

Sarria: Tariff Terror - what it means for every name

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

Consolidated Energy - comment

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 McMahon30 January 2025CONSOLIDATED

Consolidated Energy - comment

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

Aengus McMahon28 January 2025CONSOLIDATED

Consolidated Energy – Looking for an improvement

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 McMahon10 December 2024CONSOLIDATED

Consolidated Energy - comment

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 McMahon30 October 2024CONSOLIDATED

Consolidated Energy - comment

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 McMahon14 October 2024CONSOLIDATED

Consolidated Energy – Peering into the mist - Initiation

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 McMahon7 October 2024CONSOLIDATED