Cabot Turnaround Letter 321

Cabot Turnaround Letter

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Article Excerpt

We are modestly optimistic on energy prices – domestic production will likely remain subdued while global demand has essentially returned to pre-pandemic levels even though some petroleum-driven demand for gasoline and jet fuel hasn’t fully recovered yet.

Comments

  • Altria already owns a 45% stake in Cronos, and there is the chance that they will buy-in the remainder. But, they seem to also favor part-ownership in these types of companies to reduce their financial risk and to help retain the business’s entrepreneurial spirit.

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