U.S. crude prices fell for the fifth straight day Tuesday, but we remain committed to our lone oil-and-gas stock in Coterra Energy . West Texas Intermediate has been moving lower since its early April peak, with Tuesday bringing the U.S. oil benchmark to its lowest settle since Feb. 5, at $73.25 a barrel. Some of the declines may be because the geopolitical risk premium factored into the commodity is fading amid hopes for a cease-fire in the war in Gaza. More recently, Organization of the Petroleum Exporting Countries and its partners, collectively known as OPEC+, indicated over the weekend that some of its production cuts will begin to be phased out later this year, which Goldman Sachs called a “bearish surprise” for the market. There are also some concerns about a slowing U.S. economy contributing to the decline, given demand for oil is closely tied to economic activity. The drop in oil prices has implications for the economy and stocks overall. While a material slowing of the economy — basically, a hard-landing scenario — certainly would not be a great backdrop for the market, some slowing is exactly what investors want to see. As we’ve become painfully aware over the past few years, energy represents a major, unavoidable input cost for both the average consumer and companies paying for transportation and electricity. Elevated oil prices have, as a result, pressured discretionary spending and corporate margins. For that reason, any relief in energy prices will have the opposite effect — freeing up more money for consumers to spend away from the gas pump. Corporations, meanwhile, can see a boost to profit margins as their costs to make and ship products comes down. Throw in the potential for lower interest rates beginning as soon as later this year, and it all amounts to a pretty positive setup for equities. We’re looking for that sweet spot in economic growth that allows the Fed to cut interest rates while keeping unemployment low. If we get that, then we should see lower oil prices and sustained buying power along with a healthy environment for business investments. That’s goldilocks for the economy and the stock market, aside from the energy sector. CTRA YTD mountain Coterra’s year-to-date stock performance. And yet we still see reason to stick with Coterra Energy. In fact, one of the key reasons we like the company so much — its roughly equal exposure to oil and natural gas — has been on display lately. While oil has been pulling back, natural gas prices have rebounded from their steep sell-off to start the year, climbing about 23% over the past month. Coterra has the ability to shift production resources between oil and nat gas, based on whichever commodity offers the more favorable economics. In the first quarter of this year , that meant more of a focus on oil. Another reason to stick with Coterra: Deal activity has continued in the energy complex, the most recent of which being ConocoPhillips agreeing to buy Marathon Oil in a $17 billion all-stock transaction . To be sure, we don’t invest in companies based on takeover probabilities, but the industrywide trend toward consolidation — sparked by Exxon Mobil ‘s takeover of ex-Club name Pioneer Natural Resources in the fall —is hard to ignore. Indeed, analysts at Citigroup published a research note Tuesday exploring potential takeover targets for Devon Energy, another ex-Club oil stock. Coterra was among the three names analysts mentioned alongside Ovintiv and Permian Resources . Admittedly, the analysts don’t believe any of the three companies have a high chance of being bought by Devon or, in the case of Coterra, probably a merger of equals. Still, the note supports the idea that more deals could be announced in the future, which generally should be supportive of Coterra’s valuation multiple as competition declines. The bottom line: When we initially took on exposure to the energy market, we told investors that the positions needed to be partially viewed as a hedge on the rest of the portfolio. After all, that is what a well-diversified portfolio looks like — some parts have the ability to work well when others fall out of favor. If the economy holds in while energy prices and interest rates come down, Coterra’s stock could see some pressure while the rest of our portfolio benefits. That is how it’s supposed to work with a hedge. However, we still want to own shares because weaker commodity prices may be offset by the higher demand resulting from increased consumption and sustained economic growth, even if at a slower pace. It’s also possible geopolitical tensions could heat back up. Now layer in Coterra’s ability to swing resources between oil and natural gas, continued consolidation in the oil patch, and management’s strict financial discipline, and we come away with the view that the downside from here is limited. (Jim Cramer’s Charitable Trust is long CTRA. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. 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An oil pumpjack in a field in Grandfalls, Texas, on March 24, 2024.
Brandon Bell | Getty Images
U.S. crude prices fell for the fifth straight day Tuesday, but we remain committed to our lone oil-and-gas stock in Coterra Energy.
Hot on the heels of the Fiat 4×4 Grande Panda Manifesto comes another subcompact Stellantis compact with electric drive and off-road ambitions. Meet the Opel Frontera GRAVEL – which might be our best look yet at the next-generation electric Jeep Renegade coming in 2027.
Based on a lifted Frontera EV and riding on a set of bespoke, 7×16″ Borbet CWE wheels wrapped in aggressive AT tires, Opel says its all-electric Frontera GRAVEL’s emissions-free driving makes it ideally suited for “soft-roading” nature drives (their words, not mine), with a rugged, adventurous 4×4 appearance.
Those rugged, Jeep-like good looks are backed up enhanced by the usual overland accessories, including a front-mounted winch, side storage boxes at the rear, and a lattice-style roof rack. A slew of accessory lights mounted on the Thule Canyon XT carrier and hood, as well, for excellent nighttime visibility off-road and (presumably) retina-searing intensity on-road.
“The new Opel Frontera is already standout,” says Rebecca Reinermann, Vice President of Marketing for Stellantis’ Opel and Vauxhall brands. “It is rugged, practical, and perfect for families and everyday adventures. But with the Frontera GRAVEL show car, we’ve pushed the limits, imagining a tougher, more daring, trailblazing version. This concept is built to fire up our fanbase and test the demand for a bolder, more rugged Frontera in the future. It’s all about freedom, adventure, excitement and pushing boundaries.”
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Like the recent Fiat concept mentioned at the top of this post, the production Frontera EV is based on Stellantis’ “Smart Car” BEV-native platform, and features a 113 hp electric motor and more than 300 km of WLTP range (about 185 miles) standard, with the “long range” version able of traveling up to 400 km (about 250 miles) between charges.
Either version comes with the “Pure Panel” digital cockpit featuring dual 10″ displays. For a few dollars quid more, the GS trim adds automatic climate control and Intelli-Seat front seats. And, if Mopar Insider has any idea what’s up, it might actually make for a decent little Jeep Renegade replacement (below).
Electric Jeep Renegade rendering
2027 Jeep Renegade rendering; via ChatGPT.
The Opel Frontera first came to our attention last October, when it became the first new EV from Stellantis to be offered with both ICE and battery power, for the same price – making EV price parity an objectively real thing.
Jeep parent company Stellantis has already confirmed that a new Jeep Renegade that’s priced below the upcoming Jeep Compass EV would be coming to the US as a 2027 model, and it’s expected to share its mechanicals with both the Frontera and Fiat’s recently teased Grande Panda Manifesto. If that does anything for you, let us know in the comments.
Year after year, a seemingly endless raft of all-electric concept bikes wearing Honda badges have made their way across the motor show stage without ever making it onto the dealer showroom. But now, it’s here: this unmissable, cafe racer-inspired electric Honda motorcycle is the company’s first – and you can buy it!
We got our first look at this first-ever production electric motorcycle from Honda back in March, when leaked type-approval documents hinted at a 75 mph 125 cc-class motorcycle with cafe racer styling and a “WH8000D” designation first surfaced. It was clear, then, that Honda was seriously working on a for-real electric motorcycle – what wasn’t clear was when (or even if) it would ever see productions.
The wait is over
Honda E-VO 75 mph electric motorcycle; via Honda.
The new Honda E-VO is available in dual- or triple-battery versions that feature either 4.1 or 6.2 kWh of battery capacity. On the triple-pack version, riders can enjoy up to 170 km WMTC (about 105 miles) of riding. Recharging takes about 2.5 hours on a standard outlet or about 90 minutes on an L2 (like the Harley-Davidson backed Livewire or Vespa Elettrica electric bikes, DC fast charging is not available).
Both battery configurations drive a motor with a peak power of 15.3 kW, or about 20 hp. And, like all electric motors, all the torque is available at 0 rpm, giving the Honda E-VO in-town performance similar to much higher (than 125 cc) displacement bikes.
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In addition to superior stop-and-go performance, the Honda E-VO offers riders a number of other innovative (for a motorcycle) features, including a 7-inch TFT instrument display paired with a second 7-inch TFT screen for navigation, music, tire pressure, and battery SOC information. The smaller battery pack version of the E-VO includes a front dash cam, while the larger model has both a front and rear dash cam as standard equipment.
The Honda E-VO is available in the black and off-white color schemes (shown). Prices start at 29,999 yuan, or about $4500 for the 4.1 kWh version, and 36,999 yuan (about $5100) for the 6.2 kWh triple-pack version.
Electrek’s Take
Honda E-VO electric motorcycle; via Honda.
Yes, this is a Chinese-market bike built by Honda’s Chinese Wuyang venture. No, we probably won’t ever get something like this in the US, where a raucous, 113 hp 600 cc CBR600RR is somehow positioned as a “good starter bike” by cowards with 3″ wide chicken strips on their tires. That said, if the motorcycle industry as-a-whole wants to survive in North America, zippy, affordable, lightweight motorcycles are exactly what’s needed.
Here’s hoping we get something like this stateside rather sooner than later.
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Westerners in-the-know look longingly at the affordable, value-packed electric cars rolling out of China – but what could you get if money was no object? If you were to spend 100,000 US American dollars on a Chinese EV, how good could these Chinese cars really get? Huawei’s 852 hp Maextro S800 is the answer.
Packing up to 852 hp and a cutting-edge technology stack developed by Huawei, Chinese luxury brand Maextro revealed its latest entry into the Mercedes-Maybach EQS and Rolls-Royce Spectre segment of ultra-luxe EVs, the S800, back in February. Now, it’s officially on sale, priced at 708,000 and 1,018,000 yuan (approx $97,500-140,000), and ready to make an entrance.
As I wrote at the car’s launch, the Maextro S800’s bespoke, purpose-built platform doesn’t share any parts with a lesser offering in the Huawei lineup in the same way a Mercedes or BMW or Volkswagen does with a Maybach, Rolls-Royce, or Bentley, respectively. And, while I admit that that may not mean much to you and me, I maintain that it might to the people shopping six- and seven-figure cars. And that might be especiallytrue to people willing to shell out that kind of cash for a car in China’s generally lower-priced market.
That seems to be the kind of upmarket experience people of the People’s Republic want, if the S800’s two thousand initial orders (in just two days) are and indication. And, lucky for those buyers, the Maextro is set to deliver plenty in return.
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The vibe is immaculate
Maextro S800 at launch; via Huawei.
Those well-heeled buyers will get a choice of EREV or “pure” battery electric powertrains good for between 480 and 852 all-electric horsepower. 32 ADAS sensors including both radar and lidar compliment a suite of cameras analyze the road ahead and feed data to Huawei’s ADS road perception system, which is constantly adjusting torque distribution, suspension compression and rebound, and front and rear steering to deliver a tech-driven chauffeur experience that Huawei insists is second to none.
Huawei says its robotic driver is pretty handy when the weather gets nasty, too, thanks to an advanced sensor array that helps to increase the detection distance in rain, fog, and dust by 60% compared to the benchmarked competition.
While the car is its passengers around, they’ll get to enjoy luxurious, reclining rear seats with next-level mood lighting handled by a fully independent rear passenger system that supports intelligent track lighting, gesture dimming, and a panoramic “starry sky” moonroof that includes meteor shower effects.
The Maextro S800 also offers intelligent privacy glass and a unique door-closing function are also controlled with advanced gesture controls, in case you needed reminding that China is living in the year 3000 while the US is being plunged headlong into the 1940s by a pack of pseudo-conservatives too old to realize their gold standard policies will do nothing but hurt a fiat economy that’s consistently proved out the basic hypotheses behind modern monetary theory over the last five or six decades – but that’s a lot for an EV blog.
Instead of that, let’s ooh and ahh over the Maextro S800’s ultra-luxe interior in the photo gallery, below, then keep the debate to the relative merits of one of these over, say, a Mercedes-Benz EQS in the comments.
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