Spencer Platt/Getty Images News Exxon Mobil ( XOM ) has returned to the Canje block offshore Guyana with a new exploration well after failing to strike commercial quantities of hydrocarbons in the play in three consecutive attempts, UpstreamOnline.com reported Thursday. Exxon ( XOM ) drilled three wells in the block in 2021, but each prospect was deemed unsuccessful, as the company struggled to ma...
Spencer Platt/Getty Images News Exxon Mobil ( XOM ) has returned to the Canje block offshore Guyana with a new exploration well after failing to strike commercial quantities of hydrocarbons in the play in three consecutive attempts, UpstreamOnline.com reported Thursday. Exxon ( XOM ) drilled three wells in the block in 2021, but each prospect was deemed unsuccessful, as the company struggled to make a relevant discovery outside the prolific Stabroek block, where it is producing more than 900K bbl/day of oil. The company's new Goby-1 program reportedly has been launched in ultra-deep waters 290 km from the Guyanese coast with the Stena Drilling drillship Stena Carron and is due for completion in late July. Exxon ( XOM ) has always planned to return to Canje and in 2022 submitted environmental studies mapping 12 potential drilling sites in the block. Exxon ( XOM ) operates the Canje block with a 35% stake, with partners TotalEnergies ( TTE ), JHI Associates, and Mid-Atlantic holding respective stakes of 35%, 17.5%, and 12.5%. More on Exxon Mobil Exxon Mobil Sees The Silver Lining In The Global Oil Disruption Exxon Mobil: A Rising Oil Bet Exxon Mobil: Middle East Disruptions Easily Handled
According to a May 13, 2026, SEC filing , Deepwater Asset Management sold 247,864 shares of Global-E Online (NASDAQ:GLBE) during the first quarter. The estimated value of the trade was $8.72 million, calculated using the average share price for the period. The end-of-quarter stake was 144,199 shares, with the position’s value dropping by $10.96 million during the quarter due to both trading and pr...
According to a May 13, 2026, SEC filing , Deepwater Asset Management sold 247,864 shares of Global-E Online (NASDAQ:GLBE) during the first quarter. The estimated value of the trade was $8.72 million, calculated using the average share price for the period. The end-of-quarter stake was 144,199 shares, with the position’s value dropping by $10.96 million during the quarter due to both trading and price changes. After the sale, GLBE represented 2.82% of Deepwater's portfolio. As of May 13, 2026, shares were priced at $27.54, down 35.0% over one year; one-year alpha versus the S&P 500 was negative 62 percentage points. Continue reading
Earnings Call Insights: Clipper Realty Inc. (CLPR) Q1 2026 Management View "I am pleased to report that our residential properties continue to perform very well due to the continued higher residential rental demand, generating excellent cash flow." (Co-Chairman & CEO David Bistricer) "Overall rents are generally at all-time highs and continue to increase, and we are nearly fully leased." (Co-Chair...
Earnings Call Insights: Clipper Realty Inc. (CLPR) Q1 2026 Management View "I am pleased to report that our residential properties continue to perform very well due to the continued higher residential rental demand, generating excellent cash flow." (Co-Chairman & CEO David Bistricer) "Overall rents are generally at all-time highs and continue to increase, and we are nearly fully leased." (Co-Chairman & CEO Bistricer) "In the first quarter, new free market leases exceeded prior rents by over 7%, generally consistent with last quarter across the entire portfolio." (Co-Chairman & CEO Bistricer) "We are also in the third quarter of the initial lease-up at our Prospect House development 953 Dean Street." (Co-Chairman & CEO David Bistricer) "We brought the property online in August, on time and on budget, having placed the bridge-loan last quarter that will provide funds through stabilization." (Co-Chairman & CEO Bistricer) "We are presently fully leased in the 3 market events of about $78 per foot." (Co-Chairman & CEO Bistricer) "At 250 Livingston Street, where the New York City vacated mid-August 2025... we notified the lender that we do not intend to support the property's ongoing operations, and that service has ceased making payments of interest in real estate taxes." (Co-Chairman & CEO David Bistricer) "Additionally, in May '26, we began receiving reimbursement of expenses paid by us from the lender." (Co-Chairman & CEO Bistricer) "We are also discussing a consent in cooperation agreement with the lender to sell the property loan, although there can be no insurance an agreement will be finalized." (Co-Chairman & CEO Bistricer) "Our results this quarter versus last year reflect the effects of 4 items worthy of note namely: the termination of the New York City lease at the 250 Livingston Street office property... the initial lease-up... at Prospect House... the absence of results from the 10 West 65th Street property sold in May 2025; and the settlement cost of litiga...
Bolton Wanderers' final game of 2025-26 is a repeat of their first match of the season as they take on Stockport County for a place in the Championship.
Bolton Wanderers' final game of 2025-26 is a repeat of their first match of the season as they take on Stockport County for a place in the Championship.
The US hailed “positive talks” on Thursday, as it sought to extend a shaky ceasefire between Israel and Lebanon. The truce – considered to still be in place despite hundreds of deaths in Israeli strikes – ends on Sunday and violence again flared as the two governments met in Washington. Israel has pounded Lebanon and invaded its south in response to retaliatory fire from Shia movement Hezbollah fo...
The US hailed “positive talks” on Thursday, as it sought to extend a shaky ceasefire between Israel and Lebanon. The truce – considered to still be in place despite hundreds of deaths in Israeli strikes – ends on Sunday and violence again flared as the two governments met in Washington. Israel has pounded Lebanon and invaded its south in response to retaliatory fire from Shia movement Hezbollah following Israel’s killing of Iran’s supreme leader at the start of the war on February 28. Israeli...
Earnings Call Insights: CV Sciences (CVSI) Q1 2026 Management View "We continue to make progress against our top priorities of maintaining strong margins, reducing our cost structure and moving the business towards sustainable profitability," said CEO, Secretary & Director Joseph Dowling, while also describing "advancing our transition into a global health and wellness company" amid what he called...
Earnings Call Insights: CV Sciences (CVSI) Q1 2026 Management View "We continue to make progress against our top priorities of maintaining strong margins, reducing our cost structure and moving the business towards sustainable profitability," said CEO, Secretary & Director Joseph Dowling, while also describing "advancing our transition into a global health and wellness company" amid what he called "the challenging market and regulatory environment." "Our strategy is centered on product innovation, cost efficiency and strategic M&A," said CEO Dowling, adding, "We will continue to innovate and launch new cannabinoid-focused products" while also expanding non-cannabinoid offerings through its +PlusHLTH brand. "During the first quarter of 2026, we launched our new PlusHLTH EMPOWR product," CEO Dowling said, describing it as containing "20 grams of protein, 5 grams of creatine, active probiotics" and stating, "Early feedback from consumers and retailers have been very encouraging" and "we plan to launch multiple non-cannabinoid products throughout 2026." "We also plan to expand into select international markets through our European subsidiary, Cultured Foods," said CEO Dowling, adding, "We expect Cultured Foods to play an increasing role in new product launches in 2026," and highlighting that acquisitions of Cultured Foods and Elevated Softgels are intended to support "scale, efficiency, and diversification and a more flexible and efficient supply chain." "Revenue for the quarter was $3.2 million, down 3% sequentially and 11% year-over-year," said Chief Financial Officer Joerg Grasser, adding that the change was "driven primarily by a 12% decline in unit sales" and that the company remains focused on "optimizing our cost structure, improving margins, and positioning the business for long-term operating leverage." Outlook "We may experience modest cash usage in the near-term," CFO Grasser said, while also stating, "we expect continued improvement as we realize synergies f...
Accelerant Holdings (NYSE: ARX) was an outlier on the stock exchange Thursday, in the best way possible. The insurance marketplace operator's shares accelerated nearly 17% higher, after reporting estimates-topping quarterly results following market close Wednesday afternoon. In its first quarter of this year, Accelerant's total revenue zoomed nearly 54% higher year over year to more than $273 mill...
Accelerant Holdings (NYSE: ARX) was an outlier on the stock exchange Thursday, in the best way possible. The insurance marketplace operator's shares accelerated nearly 17% higher, after reporting estimates-topping quarterly results following market close Wednesday afternoon. In its first quarter of this year, Accelerant's total revenue zoomed nearly 54% higher year over year to more than $273 million. Better, net income not under generally accepted accounting principles (GAAP) more than doubled; it was $37.7 million ($0.17 per share) against first quarter 2025's $17.3 million. Image source: Getty Images. Continue reading