Enerflex: Q2 Earnings Snapshot
The Calgary Alberta, Alberta-based company said it had net income of 49 cents per share.
The energy infrastructure provider posted revenue of $615 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $554.9 million.
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28 minutes ago
- Yahoo
White House: Infrastructure, economics at center of Trump Armenia-Azerbaijan peace deal
President Trump is putting infrastructure development and economic deals at the center of a peace deal between Azerbaijan and Armenia, as the administration pushes to achieve a historic truce in a decades-long conflict in the south Caucuses. Trump will host Armenia Prime Minister Nikol Pashinyan and Azerbaijan President Ilham Aliyev for a signing ceremony at the White House on Friday. Included in the deal is a call for developing the Trump Route for International Peace and Prosperity (TRIPP). The White House described it as a multimodal transit area connecting mainland Azerbaijan and its Nakhchivan enclave, an autonomous region bordered by Armenia, Iran and Turkey. The White House said the transit corridor, which will cut through Armenia, will respect Yerevan's 'sovereignty and territorial integrity and its people.' The regional transit corridor is a long-held desire for Azerbaijan, and the Trump deal triggered pushback from Armenian diaspora groups in the U.S. who oppose moving forward with Baku without justice for years of conflict and the more recent Azerbaijani takeover of the Nagorno-Karabakh region, once an autonomous, Armenian stronghold. 'Real peace must be predicated on justice and accountability for Azerbaijan's ongoing human rights violations — these issues shouldn't be left on the back burner,' Alex Galitsky, program director at the Armenian National Committee of America advocacy group, told Politico. 'A deal that rewards Azerbaijan's aggression, undermines Armenia's sovereignty, and denies justice to Artsakh's Armenians will only make it harder to resolve these critical human rights issues down the line.' Part of the agreements being signed Friday include a commitment by Yerevan and Baku to sign a joint letter calling for the dissolution of the Minsk Group — chaired by the U.S., France and Russia — that was established to find a peaceful solution to the issue of Nagorno-Karabakh. The Trump administration said Armenia is bought in for the economic benefits expected from the transit corridor and separate deals signed with the U.S. Trump is expected to sign separate deals with Azerbaijan and Armenia spanning energy, technology, economic cooperation, border security, infrastructure and trade. 'Armenia walks out of this with an enormous strategic commercial partner, probably the most enormous and strategic in the history of the world, the United States of America. They wind up without concern about yesterday's conflict, and they're completely and totally optimistic about tomorrow's future,' a senior administration official said. The deal signed Friday is a directive to set up the TRIPP negotiating team to establish the commercial entities in control of development. The negotiations are likely to begin next week. 'Since the announcement yesterday morning, I received calls from nine different operators. I was pleased to see three different American operators,' a senior administration official said. 'We're going to get everybody around the table. We're going to find the most first-class operating system that we can, not because it brings peace, although that's a fantastic thing, but it's also going to bring commercial prosperity, which will ensure peace beyond just today's signing ceremony.' But the signing ceremony does mark a significant breakthrough in a devastating, more than three-decade conflict and has drawn bipartisan praise. 'This administration's infrastructure plan is a new and powerful element that could finally move the two sides closer to a ratified peace treaty. Good move,' Michael Carpenter, who served as former President Biden's senior director for Europe at the National Security Council, wrote on social media. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
28 minutes ago
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Opinion - New plan to limit Russian energy, protect US trade
President Trump has become increasingly angry with Russian President Vladimir Putin. For about two months he has been threatening the Kremlin with 'secondary' sanctions, which would impose high duties on imports from the nations which continue to purchase Russian energy resources. The Russians seem unfazed by Trump's warnings (as well as by Sen. Lindsey Graham's (R-S.C.) recent remarks), citing their resilience to sanctions. Several authoritative sources argue that the U.S. simply cannot afford to impose even 100 percent duties on China, India or Turkey. If all of Russia's energy trading partners were subjected to new tariffs, the U.S. would hijack a significant part of its foreign trade and ruin its trade relationships with at least 26 countries. I agree with those who believe the new tariffs cannot be put in place by Trump's updated deadline for Russia. We have seen that 125 percent duties on China lasted less than a month, and in recent days, President Trump has announced 50 percent tariffs against Brazil, 25 percent tariffs against India and 15 percent tariffs on the European Union. One hundred percent duties don't seem plausible. I would urge changing the overall approach to make the tariffs more affordable. The goal appears to be to cut Russia's energy supply to the world. Trump's plan should make Russian oil more expensive to the buyers (by the way, the European 'oil price cap' approach has failed. It resulted in discounts for the Russian oil, thus encouraging its smuggling and creation of Russia's 'shadow tanker fleet'). In this sense, Trump's position looks more effective — but the major problem lies in the numbers. The predecessor of Trump's strategy — the bill proposed by Sens. Graham and Richard Blumenthal (D-Conn.) — calls for the duty to be applied to all imports coming to the U.S. from Russia's energy trading partners. I believe it is too radical and, frankly speaking, not very justified because of the lack of differentiation. A much better option would be to relate the tariffs to the actual amount of money countries pay to Moscow. For example, India sent $115 billion in its goods and services to the U.S. in 2024 and paid $49 billion for Russian oil that year. China exported $513 billion in goods to the U.S. in 2024 while it bought Russian oil, gas, and coal for up to $76 billion. The EU's figures stood at $939 billion and $34 billion, correspondingly. If the U.S. applies 100 percent tariffs linked to the Russian energy resources imported, it would fix additional duties for India this year at 42.6 percent of its exports to U.S., China's at 14.8 percent and Europe's at a mere 3.6 percent. These figures are not so astonishing. On the one hand, they seem manageable, and on the other hand, they still double the price of Russian oil for importing nations. If this strategy is taken as the principal one, the overall additional duties would equal the entire volume of Russia's energy exports, $261.9 billion for 2024. As the U.S. combined imports of goods and services amount to $4.11 trillion, the figure makes less than 6.5 percent in additional tariffs. It looks like a fair price for knocking Russia out as self-proclaimed 'energy superpower.' The measure would make Russia's 'shadow fleet' useless, since it doubles the price for Russia's energy for any country except those with zero exports to the U.S.. But these, if they exist, aren't significant oil importers that might be helpful to Moscow in substituting the vanishing demand for its oil and gas. I suggest amending Graham and Blumental's bill to impose the duty for goods or services imported into the U.S. to an amount that corresponds to each country's imports of Russian energy resources for the previous year. It would be a right recipe to destroy the Russian energy exports in two to three years and put Putin's economy on the brink of collapse without ruining America's trade ties to its major commercial partners. Should Trump adopt such a plan on Aug. 11, the chances of stopping Russia's aggression against Ukraine could rise significantly. Vladislav Inozemtsev is special adviser to the Middle East Media Research Institute's Russian Media Studies Project and is co-founder and senior fellow at the Center for Analysis and Strategies in Europe. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Solve the daily Crossword
Yahoo
an hour ago
- Yahoo
The Smartest High-Yield Energy Stocks to Buy With $2,000 Right Now
Key Points The energy sector is seeing a big shift, with the world moving from dirtier energy sources to cleaner ones. TotalEnergies is an integrated energy giant that's got a big yield and a growing electricity business. Enbridge is a high-yield midstream giant shifting toward natural gas and dipping into renewable power. 10 stocks we like better than Enbridge › Between 2020 and 2050, electricity is expected to rise from 21% of final energy use in the United States to 32%. That's a huge change and one that is directionally similar to the changes taking shape throughout the world. Some energy companies are sticking to their oil and natural gas roots. Others, like TotalEnergies (NYSE: TTE) and Enbridge (NYSE: ENB), see the writing on the wall and are preparing now. If you have $2,000 to invest today, getting ahead of the curve could be a good call for your portfolio. What do TotalEnergies and Enbridge do? TotalEnergies is what is known as an integrated energy company. It has operations in the upstream (oil and natural gas production), the midstream (pipelines), and the downstream (chemicals and refining). Each of these segments of the broader energy sector operates a little differently through the energy cycle. And, thus, having an integrated business model helps to soften the peaks and valleys inherent to this commodity-driven business. Enbridge is focused on the midstream space. It essentially collects tolls from customers that use its energy transportation assets, including things like pipelines and storage. This model provides reliable cash flows as the volume passing through its midstream system is more important than the price of oil and natural gas. Focusing on the midstream is a good call for investors who want energy exposure but who would rather avoid commodity risk. What are TotalEnergies and Enbridge doing differently? Basically, the core of both of these businesses is still oil and natural gas. That's not a bad thing. Although there is an energy transition taking place, it is likely to be a decades-long affair. They are, thus, using profits from dirtier energy sources to fund their investment into cleaner energy sources, like renewable power. For example, both TotalEnergies and Enbridge have been investing in renewable power like solar and wind. TotalEnergies has also been buying electric utility businesses. Enbridge, meanwhile, has also been focused on increasing its exposure to reliable natural gas businesses, like regulated natural gas utility operations, which are expected to be important transitional assets as the world moves in a green direction. To be fair, neither TotalEnergies nor Enbridge is jumping in with both feet here. They are dipping their toes in, slowly building businesses as the world begins its transition away from carbon fuels. The idea is to change with the world, while many of their peers are simply sticking it out as long as they can with carbon fuels. If you like the idea of hedging your bets, however, TotalEnergies and Enbridge will be good choices for you. With $2,000, you can buy around 33 shares of TotalEnergies and 42 of Enbridge. You'll be rewarded with big yields, too The energy transition angle is interesting on its own. But the big story is that TotalEnergies has a lofty 6.5% dividend yield while Enbridge's yield sits at 5.9%. The average energy stock's yield is around 3.4%. And both have long histories of supporting dividends through the market cycle. Enbridge's record is better, with 30 annual increases. TotalEnergies' resilience shone through during the coronavirus pandemic when it maintained its dividend even as its European peers cut their dividends. There is one caveat here. Both Enbridge and TotalEnergies are foreign companies, so investors have to pay foreign taxes (a portion of which U.S. investors can claim back come tax time). And the actual dividends collected will vary along with exchange rates. But if you want to have energy exposure, collect large dividends, and prepare today for a future that's "cleaner", these two energy giants should be on your radar right now. Do the experts think Enbridge is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did Enbridge make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,060% vs. just 182% for the S&P — that is beating the market by 877.64%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Reuben Gregg Brewer has positions in Enbridge and TotalEnergies. The Motley Fool has positions in and recommends Enbridge. The Motley Fool has a disclosure policy. The Smartest High-Yield Energy Stocks to Buy With $2,000 Right Now was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
