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The energy sector is quite volatile due to fluctuating prices of commodities such as oil, natural gas, and natural gas liquids. So, investing in energy infrastructure companies might seem better than gaining exposure to traditional oil and gas upstream entities. First, infrastructure companies typically generate revenue from service fees and equipment sales, shielding them from direct exposure to commodity prices. Moreover, infrastructure companies often generate higher returns on invested capital since they don’t own depleting assets like oil reserves. One such is ( ). Valued at a of $2.25 billion, TerraVest stock went public in July 2004 and has since returned a monstrous 8,940% to shareholders in dividend-adjusted gains. Despite these market-thumping returns, the trades at a compelling valuation, making it an enticing pick in December 2024. Let’s see why TVK is the best energy stock to invest $2,000 in right now. TerraVest Industries manufactures residential and commercial heating products, propane and natural gas liquid storage and distribution equipment, and oil and gas processing equipment and services. Its product lines include home heating products, processing tanks, pressure vessels, and specialized transportation equipment for the energy sector. Over the years, TerraVest has grown through strategic acquisitions and operates multiple manufacturing facilities across Canada and the United States, serving both residential and industrial customers in the energy and heating sectors. As TerraVest serves multiple sectors, it provides investors with natural diversification. Moreover, it is better positioned to adapt to energy transition trends as the company’s expertise in pressure vessels and storage equipment can be applied to renewable natural gas or hydrogen infrastructure. In fiscal Q4 of 2024 (ended in September), TerraVest industries reported revenue of $238.1 million, up 58% year over year. TerraVest attributed top-line growth to strategic acquisitions and organic expansion, with base portfolio growth of 14%. While net income rose 50% to $14.4 million, adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) more than doubled to $49 million in the September quarter. Its gross margins expanded from 22.2% to 29% over the past year, resulting in strong operating cash flow growth of 146%. Moreover, the cash available for distribution rose 141% to $32 million, allowing it to maintain a conservative dividend-payout ratio of 9%, down from 17% in the year-ago period. TerraVest’s strategic initiatives are centred on accretive acquisitions and operational improvements. Its acquisitions of AEPL, Highland Tank, and LV Energy Services over the last 12 months have allowed it to gain traction in multiple verticals, such as tank trailer manufacturing, water management, and storage tanks. TerraVest’s management remains optimistic about future growth, which should help it increase earnings, cash flow, and dividends over time. In the last 10 years, TerraVest has raised dividends from $0.4 per share to $0.7 per share. A low payout ratio and a growing cash flow base give TerraVest the flexibility to be aggressive with dividend hikes. Moreover, the company’s debt-free balance sheet shields it from elevated interest rates. Analysts tracking the TSX stock expect adjusted earnings to rise by $3.3 per share in fiscal 2024 to $5.2 per share in 2026. So, priced at 22 times , TVK stock trades at a reasonable valuation and is priced at a discount of 14% to consensus target estimates.Luke Humphries defeats Luke Littler to retain Players Championship Finals title
Jamiya Neal's monster game leads Creighton past UNLVGus Malzahn is leaving UCF to become Florida State's offensive coordinator, AP source says
Air Force secures 69-61 win against Stony Brook
A forecaster says ripe avalanche conditions are expected to persist across much of British Columbia for the rest of the week. Large swaths of the province, stretching from the coast to the Alberta boundary, are under “considerable” or “moderate” avalanche danger warnings. Tyson Rettie with Avalanche Canada says the conditions are largely a result of a series of storms that have lead to temperature fluctuations and significant amounts of snow at high elevation points. “We’ve seen a pattern of a storm every 18 hours or so on the coast for over a week now,” Rettie said in an interview Tuesday. “Every time the storm comes through, it deposits significant amounts of snow, often with strong or extreme winds.” He said storms like these deposit wind and storm slabs, or layers of snow, on mountains. These deposits bond together on top of existing layers of snow, Rettie said, and when the top slab is stronger than the layer beneath it, the greater the risk for an avalanche. “We’re seeing formation of both storm and wind slabs that are large enough to justify a ‘considerable hazard’ (warning),” he said. “Even just the new snow itself can form what we call a storm slab problem or a wind slab problem.” As of Tuesday afternoon, Avalanche Canada had a “considerable hazard” warning covering Vancouver Island, a stretch of coastal B.C. from Powell River to Pemberton in the east, and more areas. There were also significant areas of the province covered under “moderate hazard” avalanche warnings. One of these moderate areas is east of Pemberton towards Lillooet, and Rettie noted a few avalanches have been reported in the area over the past week. On Monday, four backcountry skiers were buried in an avalanche on Ipsoot Mountain north of Whistler, B.C., and a fifth was partially buried. All were rescued. B.C. Emergency Health Services said in a statement that three of the skiers were transported to hospital in stable condition, while the other two didn’t require hospitalization. Premier David Eby shared his appreciation for the first responders in a social media post, calling it “an incredible rescue.” Const. Antoine Graebling with the Whistler RCMP detachment said the avalanche was a 2.5 on a five-point scale, which means it was large enough to seriously injure or kill people. Graebling said his detachment hasn’t been notified of any other avalanches. But he and Rettie both said conditions can change daily. “Each of these storms is bringing a significant amount of precipitation, often warmer temperatures and strong or extreme wind speeds,” Rettie said. “The more intense the storm, the higher the danger.” He said the storm pattern is expected to continue near the coast for the rest of this week. “The timing and intensity of it is a bit uncertain. But at least over the next three days, we’re expecting a couple of significant storms to impact the coast,” he said. He encouraged backcountry skiers to check the Avalanche Canada forecasts, which are updated daily, before they hit the slopes.
Recalling the chaos of a crisis
SAINT PAUL, Minn. (AP) — Kendall Blue and Nolan Minessale had 22 points each in St. Thomas' 88-81 victory over Montana on Saturday. Miles Barnstable had 17 points for the Tommies (7-4). Malik Moore led the Grizzlies (6-4) with 30 points. Money Williams added 14 points, six rebounds and four assists for Montana. Jensen Bradtke had 11 points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .New coach Chris Holtmann has been tasked with rebuilding DePaul to the point where it can return to the NCAA Tournament for the first time since 2004. Northern Illinois coach Rashon Burno knows what it takes to steer DePaul to the NCAAs because he was the starting point guard on the 2000 team that made the tournament -- the Blue Demons' only other NCAA appearance since 1992. Perhaps they can compare notes Saturday afternoon when Burno leads the Huskies (2-3) back to his alma mater as DePaul (5-0) hosts its sixth straight home game in Chicago. Last season, Burno's NIU squad helped accelerate DePaul's need for a new coach -- as the Huskies waltzed into Wintrust Arena and owned Tony Stubblefield's Blue Demons by an 89-79 score on Nov. 25. The Huskies built a 24-point second-half lead before coasting to the finish line. Can history repeat for NIU? There's just one problem with using last year's game as a potential barometer for Saturday's rematch: Almost no players on this year's teams were part of last year's squads. At DePaul, only assistant coach Paris Parham remains as Holtmann had the green light to bring in an all-new roster. UIC graduate transfer Isaiah Rivera (16.0 ppg, .485 3-point rate) and Coastal Carolina transfer Jacob Meyer (15.4 ppg, .406 on 3s) lead a balanced attack that focuses on getting half its shots from beyond the arc. At NIU, Burno retained only two players who competed against DePaul last year -- Ethan Butler and Oluwasegun Durosinmi -- and they combined for three points in 26 minutes in that game. The Huskies' main players used the transfer portal to join such programs as Kansas, Wisconsin, Penn State, Colorado State, James Madison, Georgia State and Niagara. With every starting job open, Butler has jumped into the lineup and produced 11.6 points, 4.8 rebounds, 1.8 blocks and 1.4 steals per game. Transfers Quentin Jones (Cal Poly) and James Dent (Western Illinois) pace the Huskies with 14.4 and 14.0 points per game. NIU is on a two-game losing streak, most recently a 75-48 home defeat at the hands of Elon on Wednesday. Holtmann hopes to have Arkansas transfer Layden Blocker for Saturday's game. Blocker missed Tuesday's 78-69 win over Eastern Illinois with a quad injury. With the combo guard unavailable, point guard Conor Enright handed out a career-high 11 assists in a season-high 38 minutes. "We need (Blocker)," Holtmann said. "I don't want to play Conor 38 minutes." --Field Level Media
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