Unfortunately I think they need more catalysts than energy to move the stock.
This is the chart that gets me excited about ICE's energy business. Volumes are flat-ish from 2017 to today, but revenue per contract has been steadily increasing as mix shifts towards markets with less competition & more pricing power. I don't see why this can't continue.pic.twitter.com/4eChegsanq
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Agreed, but their energy business still makes up nearly 20% of revenue by itself. Pretty good growth for a business that's been around since the beginning and can be easily overlooked.
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