ImagineGolf/E+ via Getty Images Tamboran Resources ( TBN ) down 17.1% post-market Tuesday after saying it commenced an underwritten public offering of more than 2.95M common shares, with an underwriters option to purchase up to an additional 15% of common shares. Tamboran ( TBN ) said it plans to use the proceeds to fund additional drilling in the Pilot Area, resource delineation in the Orion Acre...
ImagineGolf/E+ via Getty Images Tamboran Resources ( TBN ) down 17.1% post-market Tuesday after saying it commenced an underwritten public offering of more than 2.95M common shares, with an underwriters option to purchase up to an additional 15% of common shares. Tamboran ( TBN ) said it plans to use the proceeds to fund additional drilling in the Pilot Area, resource delineation in the Orion Acreage and the Beetaloo Central Development Area, drilling in the EP 161 acreage, working capital, and other general corporate purposes. Last week , the company said it reached a farm-in agreement to advance development of the Beetaloo Basin in Australia's Northern Territory, providing for a staged earn-in up to ~US$28.5M, subject to structured off-ramp provisions. Tamboran ( TBN ) agreed to farm down ~10K acres of its working interest across the Shenandoah North Pilot Area and the Shenandoah South Pilot Area—collectively the Pilot Area—and the Beetaloo Central Development Area to Daly Waters Energy. More on Tamboran Resources Seeking Alpha’s Quant Rating on Tamboran Resources Financial information for Tamboran Resources
Luis Alvarez/DigitalVision via Getty Images First Industrial Realty Trust, Inc. ( FR ) is one industrial REIT that has flown somewhat under the radar. The stock is up nearly 30% over the past year, including a 2.75% increase YTD. Seeking Alpha - 1-YR Share Price Performance Of FR Stock While the YTD increase doesn’t sound like much, it’s impressive relative to broader market performance, which is ...
Luis Alvarez/DigitalVision via Getty Images First Industrial Realty Trust, Inc. ( FR ) is one industrial REIT that has flown somewhat under the radar. The stock is up nearly 30% over the past year, including a 2.75% increase YTD. Seeking Alpha - 1-YR Share Price Performance Of FR Stock While the YTD increase doesn’t sound like much, it’s impressive relative to broader market performance, which is currently in the red due to the ongoing volatility surrounding the war with Iran . FR will be releasing its Q1 results on April 15, and ahead of the release, I believe shares are fairly valued. While the REIT certainly has some positive catalysts ahead, I see these as mostly priced into the stock at current trading prices. FR Stock Key Metrics While FR is a fairly lightly covered stock, those who have provided coverage are mostly bullish on its prospects. Over the past three years, for example, there has been a near-consensus " bullish" outlook from the Seeking Alpha (“SA”) analyst community. Seeking Alpha - SA Analyst Rating History Of FR Stock This sentiment has been echoed by Wall Street. Among this community, about two-thirds of analysts covering the stock over the last 90 days have rated shares as either a "Buy" or a "Strong Buy." Seeking Alpha - Wall Street Ratings Summary Of FR Stock Furthermore, this has been accompanied by an average price target that indicates about 10% upside potential from current trading levels. While I view that target as attainable, it doesn’t really inspire much excitement from me, especially when there could be more lucrative opportunities elsewhere as a result of the current market pullback. Seeking Alpha - Average Price Target Of FR Stock My sentiment is similar to SA’s quants, which grade FR positively on all metrics except for valuation. I view this as justified, especially in light of FR’s current valuation as measured through price to funds from operations (“FFO”). At present, FR commands a forward multiple of about 19x. This is in li...
Is the AI boom coming to an end? Costco and Walmart have issued a stark $163 billion alert to investors in Nvidia, Palantir, and other surging AI stocks. Bitget
Is the AI boom coming to an end? Costco and Walmart have issued a stark $163 billion alert to investors in Nvidia, Palantir, and other surging AI stocks. Bitget
Is the AI boom coming to an end? Costco and Walmart have issued a stark $163 billion alert to investors in Nvidia, Palantir, and other surging AI stocks. bitget.com
Is the AI boom coming to an end? Costco and Walmart have issued a stark $163 billion alert to investors in Nvidia, Palantir, and other surging AI stocks. bitget.com
Exclusive: Former UN climate chief to co-chair Lancet Commission examining how sea-level rise is reshaping health, wellbeing and inequality Countries are being “held hostage” by their reliance on fossil fuels, a former UN climate chief has warned, describing the health impacts of climate change as “the mother of all injustices”. Christiana Figueres, an international climate negotiator who helped d...
Exclusive: Former UN climate chief to co-chair Lancet Commission examining how sea-level rise is reshaping health, wellbeing and inequality Countries are being “held hostage” by their reliance on fossil fuels, a former UN climate chief has warned, describing the health impacts of climate change as “the mother of all injustices”. Christiana Figueres, an international climate negotiator who helped deliver the Paris agreement signed in 2016, made the comments as she was announced on Wednesday as co-chair of a Lancet Commission examining how sea-level rise is reshaping health, wellbeing and inequality . Continue reading...
Those facing the earliest and harshest consequences are, overwhelmingly, those who did the least to create them There are moments in history when a crisis long treated as distant reveals itself to be intimate, immediate and profoundly human. Sea-level rise is one of those moments. For years it has been discussed in the abstract language of centimetres, coastal infrastructure and future projections...
Those facing the earliest and harshest consequences are, overwhelmingly, those who did the least to create them There are moments in history when a crisis long treated as distant reveals itself to be intimate, immediate and profoundly human. Sea-level rise is one of those moments. For years it has been discussed in the abstract language of centimetres, coastal infrastructure and future projections. This can make it seem like a technical challenge – something for engineers and planners to grapple with. But rising seas are already damaging bodies, minds, livelihoods and cultures. Sea-level rise is a present-day health crisis. Christiana Figueres was the head of the UN climate change convention from 2010 to 2016. She is co-founder of Global Optimism, and co-host of the climate podcast Outrage + Optimism Continue reading...
wildpixel/iStock via Getty Images Listen here or on the go via Apple Podcasts and Spotify Volatile markets and safe haven sectors (1:00) Highlighting 3 AI stocks: Micron Technology, Lumentum Holdings, and Credo Technology (5:15) Nvidia's failing valuation (16:40) Transcript Rena Sherbill: Very happy to welcome back to Investing Experts, Seeking Alpha's Head of Quant, our very own Steve Cress . Tha...
wildpixel/iStock via Getty Images Listen here or on the go via Apple Podcasts and Spotify Volatile markets and safe haven sectors (1:00) Highlighting 3 AI stocks: Micron Technology, Lumentum Holdings, and Credo Technology (5:15) Nvidia's failing valuation (16:40) Transcript Rena Sherbill: Very happy to welcome back to Investing Experts, Seeking Alpha's Head of Quant, our very own Steve Cress . Thanks for coming on. Steve Cress: Thank you so much for having me. I'm actually beginning to feel like an investing expert I've been on this show so much, but I appreciate it. Thank you. Rena Sherbill: Well, the reputation precedes you. We've long thought of you as an expert. And a lot of people have written in sharing how much of an expert they feel like because of the names that you've shared and the upside that they've provided. So I think the word is already out, but here we are beginning of April. We have a world war to contend with, which has brought out some people getting into gold, people getting into energy names with some good reason. But here you are today to share with us some tech names. We had Tech Contrarians on last episode talking about the tech names that they like, and also grounding us in this conversation between sentiment and valuation and that relationship is a bit divorced these days. How are you looking at the market? Why are you focused on tech today? What are your thoughts about the gold and the energy conversation? If you would ground us in the current moment, I think that would be helpful. Steve Cress: . Without question, the markets have been very volatile. There's a lot of fear out there and sentiment has been driving the markets. When you come into a geopolitical environment like this, individuals, investors, institutions, they tend to rotate into safe haven sectors or into cash. Typically, they would rotate into asset classes like gold and silver. Although we did not see that immediately. And I think that's due to the fact that gold ( XAUUSD:...