ConocoPhillips has dispatched a team to Venezuela to evaluate the prospects for a return to drilling in the oil-rich Caribbean nation almost two decades after billions of dollars in assets were seized by the socialist regime. The undertaking makes ConocoPhillips just the second major US oil company to publicly disclosed an on-the-ground inspection in Venezuela, home to some of the world’s biggest ...
ConocoPhillips has dispatched a team to Venezuela to evaluate the prospects for a return to drilling in the oil-rich Caribbean nation almost two decades after billions of dollars in assets were seized by the socialist regime. The undertaking makes ConocoPhillips just the second major US oil company to publicly disclosed an on-the-ground inspection in Venezuela, home to some of the world’s biggest crude reserves. The purpose of the trip is to “better understand the potential for in-country oil and gas opportunities,” Dennis Nuss, a spokesman, said in a statement on Thursday. “We will evaluate Venezuela against other international opportunities as part of our disciplined investment framework.” Despite President Donald Trump ’s call earlier this year for US drillers to help revive the Venezuelan oil sector, ConocoPhillips Chief Executive Officer Ryan Lance has been telling investors his main priority is recouping roughly $12 billion it’s owed after its holdings in the South American nation were nationalized in 2007. Exxon Mobil Corp. , which also quit the country after asset seizures by the late dictator Hugo Chavez, said two weeks ago that it sent a team to assess Venezuelan opportunities. Rebuilding Venezuelan oil output to 3 million barrels a day would require “probably hundreds of millions of dollars” over a long time horizon, Dan Ammann , upstream president at Exxon, said during the CERAWeek by S&P Global conference in Houston last month. A lot has to happen to pave the way for more foreign investment, Lance has said on several occasions. “We’re trying to be constructive and help the administration think through what’s needed to incentivize the investments that will go into Venezuela,” Lance said during the CERAWeek event. “We have to see what’s the pathway to starting to recover some of what’s owed us.”
May WTI crude oil (CLK26 ) on Thursday closed up +3.46 (+3.66%), and May RBOB gasoline (RBK26 ) closed down -0.0052 (-0.17%). Crude oil and gasoline prices settled mixed on Thursday. Crude prices rallied sharply but fell from their best level on Thursday, and gasoline slid into negative territory on...
May WTI crude oil (CLK26 ) on Thursday closed up +3.46 (+3.66%), and May RBOB gasoline (RBK26 ) closed down -0.0052 (-0.17%). Crude oil and gasoline prices settled mixed on Thursday. Crude prices rallied sharply but fell from their best level on Thursday, and gasoline slid into negative territory on...
May Nymex natural gas (NGK26 ) on Thursday closed down -0.054 (-1.98%). Nat-gas prices added to this week's losses on Thursday, falling to a 7.5-month nearest-futures low. A larger-than-expected build in weekly nat-gas storage levels weighed on prices on Thursday. The EIA reported that nat-gas inventories rose by +50 bcf...
May Nymex natural gas (NGK26 ) on Thursday closed down -0.054 (-1.98%). Nat-gas prices added to this week's losses on Thursday, falling to a 7.5-month nearest-futures low. A larger-than-expected build in weekly nat-gas storage levels weighed on prices on Thursday. The EIA reported that nat-gas inventories rose by +50 bcf...
FactoryTh Solaris Resources ( SLSR ) closed up 3.9% on Thursday after saying it received the technical approval of the environmental impact assessment for its Warintza copper project in Ecuador, which followed a multi-year technical review process by the Ministry of Environment and Energy. Solaris ( SLSR ) said receipt of the EIA technical approval triggered the second tranche under the existing U...
FactoryTh Solaris Resources ( SLSR ) closed up 3.9% on Thursday after saying it received the technical approval of the environmental impact assessment for its Warintza copper project in Ecuador, which followed a multi-year technical review process by the Ministry of Environment and Energy. Solaris ( SLSR ) said receipt of the EIA technical approval triggered the second tranche under the existing US$200M financing agreement with Royal Gold ( RGLD ). Warintza will now advance through the remaining stages of Ecuador's environmental licensing and development approval process; government officials conducted an initial site visit in 2025 to assess project readiness, and the formal consultation process is expected to begin shortly, the company said. The approval clears a pathway toward a fully permitted project by year-end 2026, which would uniquely position Warintza as a near-term globally significant copper development project. More on Solaris Resources Solaris Resources: New Economic Study Makes It A Prime Takeover Candidate Financial information for Solaris Resources
desifoto /iStock via Getty Images Performance assessment Celestica Inc. ( CLS , CLS:CA ) has once again outperformed the market since my last Buy update on the stock: Performance since HA's Last Article on CLS (Seeking Alpha, HA's Last Article on CLS) Elevator pitch I am getting even more bullish on Celestica: Celestica is building capacity to facilitate long term demand HPS product mix shifts can...
desifoto /iStock via Getty Images Performance assessment Celestica Inc. ( CLS , CLS:CA ) has once again outperformed the market since my last Buy update on the stock: Performance since HA's Last Article on CLS (Seeking Alpha, HA's Last Article on CLS) Elevator pitch I am getting even more bullish on Celestica: Celestica is building capacity to facilitate long term demand HPS product mix shifts can structurally lift margins High customer concentration is still a risk to monitor Valuations seem attractive for long term investors Technicals show an A+ bull-flag continuation setup. This article will use some Celestica-specific acronyms. If you are unfamiliar with Celestica, please refer to my initiating coverage article on Celestica to understand what CCS, ATS, HPS, and other things like networking switches mean. Celestica is building capacity to address long term demand Alphabet (GOOGL, GOOG ) is one of Celestica's top customers. And this company recently announced a $180B AI capex plan for 2026 , up 97% from FY25 levels of $91B . Celestica is well positioned to benefit from this spending as one of the key assemblers of Google's TPUs: On this note, we are proud of our decade-long partnership with Google and are excited to continue supporting the acceleration of leading AI data center architecture. Celestica remains closely aligned with Google on the development of complex data center hardware and systems. As a preferred manufacturing partner for Google's Tensor processing unit, or TPU systems, Celestica is committed to making long-term investments in both capacity and capabilities both in the United States and across our global footprint, which includes our planned investments to expand manufacturing capacity in 2026 and 2027. - CEO Robert Mionis in the Q4 FY25 earnings call . This gives Celestica a flow of long-term demand that it is aiming to maximize by expanding capacity in a very big way, ramping up capex spend for FY26 to $1B from $200M in FY25: ... we are meanin...
Ashford Hospitality Trust ( AHT ) completed the previously announced sale of four hotels for a total of $252.5M in gross proceeds and signed agreements for the sale of two more hotels for $54.8M, the company said on Thursday. That brings the total gross proceeds for the property sales to $307.3M. The majority of proceeds will be used to pay down mortgage debt. Furthermore, the sales are expected t...
Ashford Hospitality Trust ( AHT ) completed the previously announced sale of four hotels for a total of $252.5M in gross proceeds and signed agreements for the sale of two more hotels for $54.8M, the company said on Thursday. That brings the total gross proceeds for the property sales to $307.3M. The majority of proceeds will be used to pay down mortgage debt. Furthermore, the sales are expected to result in more than $60M in future capital expenditure savings. "These sales accomplish all three of our strategic objectives: improved cash flow after debt service, significantly reduced future capital expenditure obligations, and lower portfolio leverage," said President and CEO Stephen Zsigray. Ashford Hospitality ( AHT ) stock fell 3.3% in after-hours trading. Ashford Hospitality ( AHT ) closed on the sales of Hilton St. Petersburg Bayfront and La Posada de Santa Fe , as well as Hilton Alexandria Old Town and Embassy Suites by Hilton Palm Beach Gardens PGA Boulevard . The gross proceeds equate to $280K per key. When adjusted for the company's anticipated capital expenditures of $57.6M, the sale price represents a 6.0% capitalization rate on net operating income or a multiple of 14.5x h otel EBITDA for the year ended Dec. 31, 2025. Excluding the anticipated capital spend, the combined sale price represents a 7.4% capitalization rate on net operating income or a multiple of 11.8x h otel EBITDA for 2025. Under the pending transactions, Ashford Hospitality agreed to sell the 168-room Lakeway Resort & Spa for $37.8M, or $225,000 per key, and the 150-room Embassy Suites by Hilton Dallas Near the Galleria for $17.0M, or $113,000 per key. Those sales are expected to be completed by May 2026. When adjusted for anticipated combined capital expenditures of $2.5M, the sale price represents a 4.8% capitalization rate on net operating income or a multiple of 16.2x h otel EBITDA for the twelve months ended Dec. 31, 2025. Excluding the anticipated capital spend, the combined sale pri...
Tecnoglass ( TGLS ) on Thursday updated its FY26 guidance to reflect the newly implemented 10% U.S. tariff on finished aluminum window imports. It now expects adjusted EBITDA to be in the range of $225M to $245M. The updated adjusted EBITDA guidance reflects an incremental $50M net impact when compared to the midpoint of the company’s previously provided guidance range. The company is also impleme...
Tecnoglass ( TGLS ) on Thursday updated its FY26 guidance to reflect the newly implemented 10% U.S. tariff on finished aluminum window imports. It now expects adjusted EBITDA to be in the range of $225M to $245M. The updated adjusted EBITDA guidance reflects an incremental $50M net impact when compared to the midpoint of the company’s previously provided guidance range. The company is also implementing additional operational efficiencies related to logistical improvements, increased automation, and headcount rationalizations to help further offset the impact of tariffs, it added. Santiago Giraldo , Chief Financial Officer of Tecnoglass, added, “We have already announced pricing actions that will start with orders in early May, and we are advancing additional efficiency initiatives, including automation and logistics optimization, to further mitigate the anticipated net impact of tariffs disclosed today. These actions, combined with our strong margin profile and disciplined cost management, position us to partially offset the tariff impact as we move through the year and fully neutralize it in 2027.” Source: Press Release More on Tecnoglass Tecnoglass Inc. (TGLS) Q4 2025 Earnings Call Transcript Tecnoglass Inc. 2025 Q4 - Results - Earnings Call Presentation Tecnoglass: Early Optimism Fades As Growth Moderates Mid-Cap industrial stocks ranked by quant ratings after earnings season Tecnoglass outlines $1.06B–$1.13B 2026 revenue target while expanding vinyl and geographic footprint
Initial debt-restructuring negotiations between Ukrainian Railways and its bondholders have ended without a deal after investors rejected an opening proposal from the state-owned rail operator, according to statements from both parties. Ukrainian Railways, known as Ukrzaliznytsia, has seen its finances ravaged during Russia’s four-year-old invasion. The company is looking to restructure almost $1....
Initial debt-restructuring negotiations between Ukrainian Railways and its bondholders have ended without a deal after investors rejected an opening proposal from the state-owned rail operator, according to statements from both parties. Ukrainian Railways, known as Ukrzaliznytsia, has seen its finances ravaged during Russia’s four-year-old invasion. The company is looking to restructure almost $1.1 billion of bonds as a result of the strain that declining cargo and passenger volumes, combined with surging costs and repair needs, have put on its cash reserves. Russian attacks targeting the company’s infrastructure have been intensifying since the start of last year, boosting spending on repairs and significantly disrupting operations, the railway said in a statement. A plan put forward by Ukrzaliznytsia envisaged initially cutting the amount of debt owed to bondholders by 20% and included a “principal adjustment mechanism,” which would alter the amount paid to investors based on the freight volumes traveling over the rail operator’s network, according to the statement from the company. The maturity of the bonds, which are currently due in 2026 and 2028, would also be extended to 2033 with an amortization schedule and an increase in coupons during the term of the debt. Read more: Ukraine Railways Suspends Upcoming Bond Coupons to Preserve Cash However, a group of bondholders negotiating with the railway have rejected the proposal and haven’t submitted a counter plan, the company says. Initial discussions have now ended, although Ukrainian Railways said it “intends to continue good faith engagement” with the bondholders to reach an agreement. The bondholder group has also indicated its willingness to continue discussions, but said the railway’s proposal “does not represent a viable basis for good-faith engagement between the parties,” according to a statement from Hogan Lovells , the law firm representing investors. The sticking point has been freight tariffs, the amou...
Do No Harm activist group alleges ‘racial discrimination’ in program designed to support under-served communities Sign up for the Breaking News US email to get newsletter alerts in your inbox Conservative campaigners are targeting a decades-old federal scholarship program designed to provide Native Hawaiian students with funding to pursue healthcare careers and place practitioners in the state’s m...
Do No Harm activist group alleges ‘racial discrimination’ in program designed to support under-served communities Sign up for the Breaking News US email to get newsletter alerts in your inbox Conservative campaigners are targeting a decades-old federal scholarship program designed to provide Native Hawaiian students with funding to pursue healthcare careers and place practitioners in the state’s most medically under-served communities. Do No Harm, a Virginia-based advocacy group for healthcare clinicians “focused on keeping identity politics out of medical education, research, and clinical practice”, filed its federal lawsuit challenging the US health department’s Native Hawaiian Health Scholarship Program (NHHSP) last week. Continue reading...
IherPhoto Abu Dhabi National Oil CEO Sultan Ahmed Al Jaber said the Strait of Hormuz is not truly open, with Iran still controlling access. "This moment requires clarity. So let’s be clear: the Strait of Hormuz is not open. Access is being restricted, conditioned, and controlled," Jaber said in a long post on LinkedIn Thursday . "Iran has made clear—through both its statements and actions—that pas...
IherPhoto Abu Dhabi National Oil CEO Sultan Ahmed Al Jaber said the Strait of Hormuz is not truly open, with Iran still controlling access. "This moment requires clarity. So let’s be clear: the Strait of Hormuz is not open. Access is being restricted, conditioned, and controlled," Jaber said in a long post on LinkedIn Thursday . "Iran has made clear—through both its statements and actions—that passage is subject to permission, conditions, and political leverage. That is not freedom of navigation. That is coercion," Jaber said. "Conditional passage is not passage. It is control by another name." Jaber noted that around 230 oil transport vessels are loaded and waiting to exit via the strait, adding that "no country has a legitimate right to determine who may pass and under what terms." Abu Dhabi National Oil Company, or ADNOC, is the state-owned oil company of the United Arab Emirates. More on SPDR S&P 500 ETF Trust, State Street® Energy Select Sector SPDR® ETF Reinventing The Petrodollar: How U.S. Energy Dominance Is Shifting The Global Balance Of Power AAII Sentiment Survey: Pessimism Retreats Dow Jones And U.S. Stock Market Outlook - Ceasefire Uncertainty Clears And Wall Street Persists Starmer “fed up” with volatile energy prices due to Putin, Trump Prediction markets point to Iran de-escalation as Wall Street extends gains
Amazon stock pushed higher as the company revealed plans of selling AI chips and announces $25 billion data center investment in Mississippi. Here’s why these updates warrant buying AMZN shares.
Amazon stock pushed higher as the company revealed plans of selling AI chips and announces $25 billion data center investment in Mississippi. Here’s why these updates warrant buying AMZN shares.