Evgeniya Moskova/iStock Editorial via Getty Images Introduction Now that the oil and European gas prices are normalizing after the Iran-related price run, I want to have another look at Tenaz Energy ( TNZ:CA ) ( ATUUF ). I have been keeping track of this company for quite a while now, but the anticipated production growth in 2026 and 2027 may catch the market by surprise (although clearly signaled...
Evgeniya Moskova/iStock Editorial via Getty Images Introduction Now that the oil and European gas prices are normalizing after the Iran-related price run, I want to have another look at Tenaz Energy ( TNZ:CA ) ( ATUUF ). I have been keeping track of this company for quite a while now, but the anticipated production growth in 2026 and 2027 may catch the market by surprise (although clearly signaled by the company). I have always maintained a long-term European natural gas price of 25-35 EUR per MWh, and Tenaz Energy should benefit from that price range. Data by YCharts A Look at the Expectations for 2026 For the current financial year, the company anticipates to produce between 19,500 and 22,500 barrels of oil equivalent per day . I would like to emphasize that this is just the average, as the company anticipates to exit this year with an attributable production that could be as high as 27,000 barrels of oil equivalent per day. The production growth comes on the back of acquisitions that were completed in 2025, while a total of 3.1 to 3.6 net new wells will be drilled in the Netherlands (in a combination of wells drilled on the operated assets as well as on the non-operated assets). Additionally, the company will drill three wells in Canada, representing a net attributable well count of 2.6. And while total production is expressed in barrels of oil equivalent, this actually is a natural gas company, as 93% of the anticipated production mix for this year will consist of natural gas. And the vast majority of this is European natural gas, subject to the European TTF natural gas price (which is a multiple of the North American natural gas price, with current prices north of US$10/mmbtu). A key advantage of operating offshore in the Netherlands is the fact that there is no royalty payable, and although the statutory tax rate of 46% is high, it represents approximately 1/4 of the pre-tax funds from operations. This makes the total tax pressure quite manageable and not as p...
Sadler’s Wells, London Tap, waacking, jookin’, footwork and jit are among the traditional, street and club styles that come together as Michelle Dorrance showcases a startling array of forms and talent The last big US tap dance star to make a splash in the UK was Savion Glover , whose performances centred on extended solos of intense virtuosity. Michelle Dorrance, tap’s current hot property, is a ...
Sadler’s Wells, London Tap, waacking, jookin’, footwork and jit are among the traditional, street and club styles that come together as Michelle Dorrance showcases a startling array of forms and talent The last big US tap dance star to make a splash in the UK was Savion Glover , whose performances centred on extended solos of intense virtuosity. Michelle Dorrance, tap’s current hot property, is a completely different proposition. Her spirit is collegiate, all about collaboration (she was on the Sadler’s Wells stage last month with ballet star Tiler Peck). Dorrance’s vibe is community, and dance being a conversation between different styles, artists and eras. She has co-created The Center Will Not Hold with choreographer and B-girl Ephrat Asherie, and with a superlative cast including Charles Riley, AKA Lil Buck, pioneer of Memphis Jookin’, who was one of the first dancers to go viral, for his duet with cellist Yo-Yo Ma to Saint-Saëns’ The Swan. Lil Buck’s movement slides and glides on the tips of his trainer-toes, seemingly not touching the floor, like one of those magnetic trains that hovers over its tracks. But Riley is not the only startling talent. There is also 22-year-old Caleb Lawrence Jackson, whose specialisms are tap and Chicago footwork, legs blurring as if infected with the dancing plague, everything on fast-fast-forward. And the entrancing Tomoe “Beasty” Carr (specialisms: hip-hop, house, waacking), who moves like a bolt of mercurial lightning that’s still deciding where to strike. Continue reading...
Former Principal Deputy National Security Advisor Jon Finer joins David Gura and Christina Ruffini on Bloomberg This Weekend to discuss the complexities involved in the Iran nuclear negotiations, emphasizing the need for a team with deep technical and legal expertise to properly assess Iranian demands and potential concessions. (Source: Bloomberg)
Former Principal Deputy National Security Advisor Jon Finer joins David Gura and Christina Ruffini on Bloomberg This Weekend to discuss the complexities involved in the Iran nuclear negotiations, emphasizing the need for a team with deep technical and legal expertise to properly assess Iranian demands and potential concessions. (Source: Bloomberg)
Equity markets may remain difficult to short in the near term despite rising macro risks, as positioning and flows continue to support prices, according to Nomura. In a recent note, strategist Charlie McElligott said investors are still rebuilding exposure after being heavily de-risked during earlier volatility, creating a backdrop where buying pressure can persist even as fundamental concerns gro...
Equity markets may remain difficult to short in the near term despite rising macro risks, as positioning and flows continue to support prices, according to Nomura. In a recent note, strategist Charlie McElligott said investors are still rebuilding exposure after being heavily de-risked during earlier volatility, creating a backdrop where buying pressure can persist even as fundamental concerns grow. That dynamic has been reinforced by the unwinding of downside hedges, with put positions losing value and generating positive delta that has helped fuel the rally. Short covering has also played a key role, with high short-interest stocks rising sharply in recent sessions as traders move to re-establish positioning. At the same time, options activity suggests investors are increasingly chasing upside, particularly in megacap technology names. McElligott argues that this flow-driven support makes it premature to bet against equities ( SPY ) ( IVV ) ( VOO ) ( DIA ) ( QQQ ). He said it would take either a renewed bond-market selloff or a more extreme buildup in bullish positioning to create conditions for a sustained downturn. That said, macro risks are building beneath the surface. McElligott highlighted the potential for an energy-driven inflation shock, which could trigger tighter central bank policy and pressure global growth. For now, however, those risks are being overshadowed by positioning dynamics, leaving markets supported even as uncertainty remains elevated. More on SPDR S&P 500 ETF Trust, Invesco QQQ Trust, etc. The Trade Driving The S&P 500 Higher May Not Last The Year's Most Positive Signal Rallies Markets, But Iran Risk Favors Select Sectors The 1-Minute Market Report, April 19, 2026 BlackRock turns more cautious on Europe as energy shock dulls market appeal Only 18 of 100 U.S. public firms survive 40 years - MSIM
Allen rallies from 5-3 down to win 10-6 in first round ‘I had a few drinks, a bit of bad food, slept really well’ Mark Allen revealed how “bad food” and a few drinks fuelled his surge into the second round of the World Snooker Championship after he swallowed up a two-frame overnight deficit to crush Zhang Anda 10-6 at the Crucible. The 40-year-old was so disillusioned with his display on Saturday,...
Allen rallies from 5-3 down to win 10-6 in first round ‘I had a few drinks, a bit of bad food, slept really well’ Mark Allen revealed how “bad food” and a few drinks fuelled his surge into the second round of the World Snooker Championship after he swallowed up a two-frame overnight deficit to crush Zhang Anda 10-6 at the Crucible. The 40-year-old was so disillusioned with his display on Saturday, when he failed to rustle up a break over 50, that he set about drowning his sorrows in Sheffield. Allen then returned on Sunday to rifle three centuries in a six-frame streak and advance to the last 16. Continue reading...
British player has been out of action since early March Rybakina wins her second Porsche at Stuttgart Open Emma Raducanu will extend her absence from the WTA tour due to a viral illness to two months after she withdrew from the Madrid Open ahead of next week’s tournament. Raducanu has not competed since suffering a 6-1, 6-1 loss to Amanda Anisimova in the second round of the Indian Wells Open on 8...
British player has been out of action since early March Rybakina wins her second Porsche at Stuttgart Open Emma Raducanu will extend her absence from the WTA tour due to a viral illness to two months after she withdrew from the Madrid Open ahead of next week’s tournament. Raducanu has not competed since suffering a 6-1, 6-1 loss to Amanda Anisimova in the second round of the Indian Wells Open on 8 March. She briefly trained on-site at the Miami Open just over a week later before citing lingering symptoms from an earlier viral illness as the reason for her withdrawal from the tournament. Raducanu had been affected by a viral illness during the Middle East swing in February, which she said had contributed to her poor performances on the court. Continue reading...
Key Points2,001,148 Class A shares were indirectly sold for a total value of approximately $7.49 million across two days at a weighted average price of around $3.75 per share.
Key Points2,001,148 Class A shares were indirectly sold for a total value of approximately $7.49 million across two days at a weighted average price of around $3.75 per share.
Amazon (NASDAQ: AMZN) isn't what you think of when you think of artificial intelligence (AI) infrastructure. Most people associate Amazon with its commerce site and delivery services, which is a fair assessment. This part of the business generates the majority of Amazon's revenue. However, Amazon's cloud computing business, Amazon Web Services (AWS), generates most of the profits. This makes Amazo...
Amazon (NASDAQ: AMZN) isn't what you think of when you think of artificial intelligence (AI) infrastructure. Most people associate Amazon with its commerce site and delivery services, which is a fair assessment. This part of the business generates the majority of Amazon's revenue. However, Amazon's cloud computing business, Amazon Web Services (AWS), generates most of the profits. This makes Amazon a bit of an under-the-radar AI infrastructure play, and the stock looks primed to skyrocket over the next few months as more people realize how impressive this segment of Amazon's business is. Although Amazon has rallied in recent weeks, it's still a solid buy, as the outlook for the business is strong and its valuation is still reasonable. Continue reading
Over the past several years, Nothing’s budget-centric subsidiary, CMF, has built a reputation for producing attractive, inexpensive products with features often reserved for gadgets that cost twice the price. The CMF Headphone Pro — the company’s first pair of over-ear wireless headphones — fit precisely in that lane, especially now that they’re on sale at Amazon in both light gray and a subtle gr...
Over the past several years, Nothing’s budget-centric subsidiary, CMF, has built a reputation for producing attractive, inexpensive products with features often reserved for gadgets that cost twice the price. The CMF Headphone Pro — the company’s first pair of over-ear wireless headphones — fit precisely in that lane, especially now that they’re on sale at Amazon in both light gray and a subtle green shade for an all-time low of $69 ($30 off). CMF Headphone Pro Where to Buy: $99 $69 at Amazon (light gray) $99 $69 at Amazon (green) Although the Headphone Pro eschew the retro-transparent design found on Nothing wares like the Headphone 1 , I wouldn’t necessarily say that’s a bad thing given the polarizing, squared-off design of the latter. Instead, the Pro go all in on the curves, with circular earcups, cushions, and a plush headband. You can also add an additional pop of color with CMF’s $25 interchangeable cushions , which, as of now, are available in either orange or the aforementioned green hue. Unlike many premium pairs of noise-canceling headphones, the Pro ditch touch-capacitive controls for physical buttons — a plus, as far as I’m concerned — allowing you to control playback, adjust the volume, and tweak a range of other settings using a customizable action button and a multi-function roller. Nothing also includes something called an Energy Slider, so you can adjust the treble and bass balance on the fly without digging into Nothing’s app to make EQ adjustments. The biggest draw of the Headphone Pro, aside from their adaptive ANC, is that they offer a whopping 100 hours of battery life per charge, ensuring you can travel just about anywhere without having to top them off. That number drops to 50 hours with active noise cancellation enabled; however, that’s still 10 hours more than what you’d get with a higher-end pair like Sony’s WH-1000XM6 and 20 hours more than the latest Bose QuietComfort Ultra Headphones . The fact that they support Google Fast Pair and th...
Is A "Vicious" Treasury Market Emergency At Our Doorstep? Submitted by QTR's Fringe Finance When Henry Paulson steps back into the public conversation after years of relative silence, it’s not random timing. This is someone who sat at the center of the 2008 financial crisis and understands how quickly confidence can evaporate once stress begins to build in core markets. Paulson also appears to be ...
Is A "Vicious" Treasury Market Emergency At Our Doorstep? Submitted by QTR's Fringe Finance When Henry Paulson steps back into the public conversation after years of relative silence, it’s not random timing. This is someone who sat at the center of the 2008 financial crisis and understands how quickly confidence can evaporate once stress begins to build in core markets. Paulson also appears to be one of about…oh, I don’t know… six people in the entire nation who know that $39 trillion in debt is an unsustainable level for the country. If you ask me, his recent interview with Bloomberg that is being passed around by traders should be read less as random innocuous commentary and more as a timing signal. In his interview, Paulson is explicitly warning that the scale of U.S. borrowing is now testing confidence in the Treasury market itself. With federal debt approaching $39 trillion, he points to the risk that the long-standing assumption of endless demand for U.S. government debt may no longer hold. As he put it, “That’s a dangerous thing,” describing a scenario where foreign demand declines and Treasury prices fall. That is not a small shift in tone. The entire global financial system is built on the idea that Treasuries are the ultimate safe asset, and once that perception begins to weaken, the consequences cascade quickly. What stands out even more is what he says next about how such a situation would resolve: “Should enough investors back out… the Federal Reserve would step in as a buyer of last resort.” And as we all know, a “buyer of last resort” is simply another way of describing a return to large-scale intervention by the Federal Reserve. Whether policymakers call it stabilization, liquidity support, or something else ( like the A.S.S.H.O.L.E.S. plan ), the mechanism is the same: the central bank absorbs supply when the market no longer can. In other words, quantitative easing returns. That leaves two realistic interpretations of why Paulson is speaking now. E...
AlexSecret/iStock via Getty Images Shares of Alamar Biosciences ( ALMR ) have seen a very successful public offering. Shares have risen 30% on the first day of trading, with investors being very upbeat on its precision proteomics technology for early disease detection. I like the mission of the business a lot, its potential as well, as the same applies for the sales momentum demonstrated upon. Whi...
AlexSecret/iStock via Getty Images Shares of Alamar Biosciences ( ALMR ) have seen a very successful public offering. Shares have risen 30% on the first day of trading, with investors being very upbeat on its precision proteomics technology for early disease detection. I like the mission of the business a lot, its potential as well, as the same applies for the sales momentum demonstrated upon. While some operating deleverage has been seen in the first quarter, overall momentum is strong, as I do not fear the losses given these strong cash balances. The strong sales momentum is very welcome, and while expectations have become a bit more demanding, they are not outrageous given the prospects here. For now I am keeping a very close eye on the future reports of the business, looking to learn more about the topline growth trends, and the impact on the bottom line, before considering a position here. Other interesting IPOs are discussed more extensively at Value In Corporate Events . Precision Proteomics For Early Disease Detection Alamar has a mission to power precision to enable the earliest detection of disease. The company was founded by Yuling Luo, a serial founder and entrepreneur in the life science business. In a family event, he recognizes that the most effective treatment for patients suffering from cancer and other diseases is that of detection, with proteins playing an instrumental role in that. Based on this insight, the business was founded in 2018. With detection being key in the early part of the diseases, this is just the time when the biological signals are the weakest. That results in many false positives, but the company finds a solid balance in this, creating real insights. Currently such solutions are only used in research settings, not authorized for clinical usage yet, but of course being applied in such settings is among the goals of the business here. The company positions itself as conservative, claiming a culture and playbook of under-promising...