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"China's Export Controls On Rare Earth Metals "Is Just The Beginning"
https://oilprice.com/Latest-Energy-News/World-News/Chinas-Export-Controls-On-Rare-Earth-Metals-Is-Just-The-Beginning.html
"Why Transocean (RIG) Stock Is Trading Higher Today
BENZINGA
8:54 AM ET 07/05/2023
Transocean Ltd (NYSE:RIG) shares are trading higher Wednesday following positive analyst coverage from Citigroup. The company also announced that $172 million in options have been exercised.
What Happened: Citigroup analyst Scott Gruber upgraded Transocean from a Neutral rating to a Buy rating and raised the price target from $6.50 to $9.50.
The upgrade comes after the stock rallied more than 50% year-to-date and more than 12% over the past week.
Last week, Transocean announced that it received a $184 million award for harsh environment semisubmersible. The new award is expected to commence in the first quarter of 2025.
On Wednesday, Transocean also announced that six one-well options have been exercised for the harsh environment submersible, which is estimated to contribute approximately $172 million in backlog. The work is expected to commence as a direct continuation of the current term and now extends through February 2026.
Transocean is an international provider of offshore contract drilling services for oil and gas wells."
"OMV preparing to kick off drilling ops with Transocean rig"
https://www.offshore-energy.biz/omv-preparing-to-kick-off-drilling-ops-with-transocean-rig/
"Norway Approves $18.5 Billion Investment In Oil And Gas Projects"
"The 19 projects approved today include new developments, additional development of producing oil and gas fields, and investments to increase resource recovery in producing fields, the Norwegian Ministry of Petroleum and Energy said. The projects are being led by Aker BP, Equinor, Wintershall Dea, and OMV"
https://oilprice.com/Latest-Energy-News/World-News/Norway-Approves-185-Billion-Investment-In-Oil-And-Gas-Projects.html
"The Rare Metal Keeping Xi and Biden Up At Night"
https://oilprice.com/Alternative-Energy/Renewable-Energy/The-Rare-Metal-Keeping-Xi-and-Biden-Up-At-Night.html
Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Are Secretly Monitoring But Not Talking About Yet
BENZINGA
10:28 AM ET 06/23/2023
Investors are on the hunt for undervalued, underfollowed and emerging stocks, and retail traders have countless methods at their disposal to uncover new information.
For some, this may be overwhelming.
Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks each week that are just under the surface and warrant attention.
The index layers editorial commentary to help make sense of why these stocks should be of interest and whether investors and casual readers should watch them.
Here is a look at the Benzinga Stock Whisper Index for the week of June 23, 2023.
Marathon Digital Holdings Inc (NASDAQ:MARA): The cryptocurrency mining company saw shares jump this week, likely related to a surge in the price for Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). Bitcoin crossed the $30,000 mark for the first time in months.
The stock saw increased interest from Benzinga readers as it is often linked to the cryptocurrency sector. Shares of Marathon Digital are up 28% in the last month and up over 200% year-to-date. Marathon also has a reported 26% of its float short, which could make the stock a short squeeze target for investors.
Check out the most recent reports here:
"Cesium Wars: Why Are China and North America Fighting Over This Rare Metal?"
https://oilprice.com/Energy/Energy-General/Cesium-Wars-Why-Are-China-and-North-America-Fighting-Over-This-Rare-Metal.html
"good luck"
Courtesy of Marco form Tropojë
"Why 2 Sofi Analysts Are Dropping Their Bullish Stances: Elevated Interest Rates A Possible 'Incremental Headwind'
BENZINGA
11:40 AM ET Jun-16-2023
Shares of SoFi Technologies Inc (NASDAQ:SOFI) remained under pressure in early trading on Friday, after ending the previous session in the red, following a downgrade by Oppenheimer analysts.
Piper Sandler On SoFi Technologies
Analyst Kevin Barker downgraded the rating for SoFi Technologies from Overweight to Neutral, while raising the price target from $6.50 to $8.
The stock added 107% year to date, "compared to consumer lending peers +15% on average and a basket of fintech stocks down ~10%," Barker wrote in the downgrade note.
Some outperformance may have been warranted in case there was a "significant decline in interest rates driving better margins and more attractive lending opportunities (i.e. student loans)," the analyst said.
He added that rates have risen in the past two months, "which will be an incremental headwind in the near-term, and we are increasingly concerned rates could remain higher for longer due to persistent inflation."
Check out other analyst stock ratings.
BofA Securities On SoFi Technologies
Analyst Mihir Bhatia downgraded the rating for SoFi Technologies from Buy to Neutral, while raising the price target from $9.50 to $10.
"SoFi Technologies (SOFI) shares are up 100% over the past month vs. a 7% increase in the S&P 500, mainly because the debt deal brought certainty that the Federal Student Loan payment moratorium would end in September," Bhatia wrote in another downgrade note.
"While we agree the payment moratorium expiry is a positive, we now see the positive fundamental aspects of the story as largely priced in," the analyst said. "We also note that SOFI's 2023 outlook already assumes the moratorium would expire and we do not expect a major earnings revision cycle," he added."
restricted stock sales they may have just become available to sell. Who knows for sure?
B of A downgrade from buy to hold
Not seeing this. Could you provide a reference?
5/15 and 5/9 are the most recent sales I can find.
"But China is not the only country willing to drill to ridiculous depths in the pursuit of energy security.
Deepwater oil and gas production is set to increase by 60% by 2030, to contribute 8% of overall upstream production, according to a new report from Wood Mackenzie, as cited by Rig Zone.
Ultra-deepwater production is set to continue growing at breakneck speed to account for half of all deepwater production by 2030."
https://oilprice.com/Energy/Crude-Oil/China-Bets-On-Ultra-Deepwater-Oil-And-Gas.html
BTIG Initiates SoFi Technologies at Buy With $14 Price Target
Barcharts technical opinion loves this
"Bulls, like ourselves, find comfort in the fact that end-use demand across the commodity complex has not shown recessionary signs and investment in supply remains elusive,” Goldman’s analysts said in the note at the end of May, as carried by Bloomberg."
https://oilprice.com/Latest-Energy-News/World-News/Goldman-Sachs-Slashes-Year-End-Oil-Price-Forecast-To-86.html
fighting over the last remaining scraps of meat on the carcass. While the bones bleach in the sun. Little more than a PBS Special
CNBC just had analyst (Austin Moeller-- Cannacord) on. Bullish on ACHR and Joby (names both as a buy) claims both are on track certification
Great news hopefully they can get back to the dividend level again.
We are 1.26 years into the current Fed tightening cycle. With a gdp slowdown lag of 1 to 1.5 years. We are 1.4 years away from the next election. Will they continue to tighten and risk recession in 2024 and if not what will happen to Bitcoin/ Coinbase
"Analysts Reiterate Calls For $100 Oil As Saudi Arabia Cuts Production"
https://oilprice.com/Latest-Energy-News/World-News/Analysts-Reiterate-Calls-For-100-Oil-As-Saudi-Arabia-Cuts-Production.html
"Saudis to cut oil production by 1 million barrels a day in July as OPEC+ extends output deal"
https://www.marketwatch.com/story/saudis-to-cut-oil-production-by-1-million-barrels-a-day-in-july-as-opec-extends-output-deal-8b7eac93?mod=home-page
I wonder what the July WTI futures contract will be tomorrow.
did you really think this would be resolved on 6/6 or did you expect another delay. They need to re-examine their strategy of resolving this prior to the resumption of operations.
"Oil Prices Climb As U.S. Rig Count Sees Another Double-Digit Decline"
https://oilprice.com/Energy/Energy-General/Oil-Prices-Climb-As-US-Rig-Count-Sees-Another-Double-Digit-Decline.html
06/26/2023 at 1:30 PM in Department 39 at 111 North Hill Street, Los Angeles, CA 90012
Hearing on Motion in Limine - Plaintiff's MIL #1
09/01/2023 at 09:30 AM in Department 39 at 111 North Hill Street, Los Angeles, CA 90012
Final Status Conference
09/11/2023 at 09:30 AM in Department 39 at 111 North Hill Street, Los Angeles, CA 90012
Non-Jury Trial
nothing has changed it's still the same
"Oil short sellers have been issued a warning: watch out for more “ouching”. Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman, issued the threat earlier this week in his latest lashing out at oil’s short sellers.
Saudi Arabia’s energy minister is arguably holding the reins of OPEC, which could decide to cut crude oil production again, sending prices soaring in what would surely be a painful outcome to many speculators and short sellers out there.
“I keep advising them (referencing oil speculators) that they will be ouching, they did ouch in April, I don’t have to show my cards. I am not a poker player…but I would just tell them watch out,” the Prince warned.
Oil’s short positions are considerable, at 184 million barrels as of May 16. This is an increase of 140% from the number of short positions in play just a month earlier."
https://oilprice.com/Energy/Crude-Oil/Will-OPEC-Surprise-The-Market-With-Another-Output-Cut.html
"WTI Screams Back Up Past $70 Despite Crude Inventory Builds"
https://oilprice.com/Energy/Oil-Prices/WTI-Screams-Back-Up-Past-70-Despite-Crude-Inventory-Builds.html
Price projections? based on resistance levels
"Oil Short-Sellers Might Be In For Another Big Squeeze"
https://oilprice.com/Energy/Crude-Oil/Oil-Short-Sellers-Might-Be-In-For-Another-Big-Squeeze.html
another 52 week high
"Russia’s Deputy Prime Minister Sees Brent Oil Price Above $80 At Year-End"
https://oilprice.com/Energy/Energy-General/Russias-Deputy-Prime-Minister-Sees-Brent-Oil-Price-Above-80-At-Year-End.html
"Signs Of Strong U.S. Fuel Demand Should Boost Oil Prices"
https://oilprice.com/Energy/Energy-General/Signs-Of-Strong-US-Fuel-Demand-Should-Boost-Oil-Prices.html
new 52 week high
falsehood is a little strong. I see them as fuzzy thinking.
"China’s Refinery Throughput Jumped 19% In April"
https://oilprice.com/Energy/Energy-General/Chinas-Refinery-Throughput-Jumped-19-In-April.html
Ex Falso Quodlibet
"Huge Volumes Of Crude Oil Are Headed To China"
https://oilprice.com/Energy/Energy-General/Huge-Volumes-Of-Crude-Oil-Are-Headed-To-China.html
I ,for one, think this thing is done. However, I don't think scrutiny has been a shareholder strength here. Lack of oversight is more the case.
A set of steak knives and a free weekend stay at the airport Ramada in Buffalo NY