Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

Pathward Financial (CASH) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Individual ...

RIO DE JANEIRO, Sept. 3, 2024 /PRNewswire/ -- Petróleo Brasileiro S.A. – Petrobras ("Petrobras") (NYSE: PBR) announces that its wholly-owned subsidiary, Petrobras Global Finance B.V. ("PGF"), has commenced (i) an offering of a new series of U.S. dollar-denominated global notes in the international capital markets (the "New Notes"), subject to market and other conditions (the "New Notes Offering"), and (ii) cash tender offers to purchase any and all of certain of its outstanding U.S. dollar-denominated notes ...

Pathward Financial, Inc. (CASH) has signed an agreement to divest its commercial insurance premium finance business to AFS IBEX Financial Services, LLC ("AFS"), a subsidiary of Honor Capital Holdings, LLC. Honor Capital will be acting as a guarantor for the obligations undertaken by AFS per the agreement. CASH's Divestiture Details The deal has been approved by CASH's board of directors and is anticipated to be closed by the end of September, subject to fulfillment of customary closing conditions. Pathward ...

Consideration of C$1.50 per share, representing a 64% premium to Givex's 20-day VWAP All-cash Transaction provides immediate liquidity and certainty of value to Givex Shareholders Givex's Board and Special Committee have unanimously approved the Transaction Givex's directors, executive officers and significant shareholders, which together represent 57.4% of the Givex Shares outstanding, have entered into voting support agreements in favour of the Transaction TORONTO, Aug. 26, 2024 /PRNewswire/ - Givex Corp. ...

Core Viewpoint - Scentre Group has initiated a cash tender offer for up to US$550 million of its outstanding Subordinated Non-Call 6 Fixed Rate Reset Notes due 2080, contingent upon certain conditions being met [1][5]. Group 1: Tender Offer Details - The tender offer is for a maximum principal amount of US$550 million of the Notes, with a minimum tender condition of US$250 million [5][12]. - The offer is subject to the Financing Condition, which requires Scentre Management Limited to successfully issue new subordinated debt securities in Australian Dollars [2][7]. - The tender offer will expire on September 19, 2024, unless extended [12]. Group 2: Financing Transaction - Following the early tender time, Scentre Management Limited plans to issue new securities equivalent to the maximum tender amount when converted to US dollars at a specified exchange rate [2][6]. - The Notes Hedging FX Rate is set at A$1 = US$0.7288 [2]. Group 3: Consideration and Settlement - Holders of Notes tendered by the early tender time will receive an Early Tender Consideration that includes a US$50 premium per US$1,000 principal amount [13][16]. - The anticipated Early Settlement Date is September 10, 2024, while the Final Settlement Date is expected to be September 23, 2024 [19][20]. Group 4: Withdrawal and Proration - Notes can be withdrawn until the withdrawal deadline of September 4, 2024 [21]. - If the total amount of Notes tendered exceeds the tender amount, proration will apply to the accepted Notes [15].

Core Viewpoint - Argent Trust Company declared a cash distribution of $0.051902 per unit for the Permian Basin Royalty Trust, with a decrease in distribution due to lower proceeds from Waddell Ranch properties and reduced gas volumes and oil prices from Texas Royalty Properties [1][2]. Distribution Details - The cash distribution is payable on September 16, 2024, to unit holders of record on August 30, 2024 [1]. - The distribution includes proceeds of $1,508,873 from July 2024 but does not include current month proceeds from Waddell Ranch properties [1][3]. Waddell Ranch Properties - Blackbeard Operating, LLC has not provided necessary information for calculating net profits interest (NPI) proceeds for July 2024, affecting the distribution [3]. - Proceeds received after the announcement date will be included in the August distribution instead [3]. Texas Royalty Properties - Production for Texas Royalty Properties was 16,295 barrels of oil and 5,722 Mcf of gas, with the Trust's allocated portion being 14,513 barrels of oil and 5,101 Mcf of gas [4]. - Average prices were $77.62 per barrel for oil and $11.27 per Mcf for gas, leading to revenues of $1,329,226 after deducting taxes and expenses [4]. Financial Summary - General and Administrative Expenses for the month were $217,800, resulting in a total distribution of $2,419,132 to 46,608,796 units outstanding [7]. - The distribution per unit is $0.051902, reflecting the impact of worldwide market conditions on domestic production pricing [7]. Legal Matters - The Trustee has initiated a lawsuit against Blackbeard Operating, seeking to recover over $15 million in damages due to alleged improper deductions from royalty payments [8][9]. - The lawsuit is currently in the discovery phase, with a preliminary trial date set for April 21, 2025 [8].

Core Viewpoint - Marine Petroleum Trust declared a quarterly cash distribution of $0.094886 per unit, which is an increase from the previous quarter but lower than the same quarter in 2023 [1][2]. Distribution Details - The distribution of $0.094886 per unit is higher than the $0.055961 per unit distributed last quarter [2]. - This distribution is lower than the $0.121831 per unit distributed in the comparable quarter in 2023 [2]. - The distribution is payable on September 30, 2024, to unitholders of record on August 30, 2024 [1]. Production and Pricing Insights - Volumes of both oil and natural gas produced have increased compared to the last quarter [2]. - The volume of oil produced decreased this year compared to the same quarter in 2023, while natural gas production increased [2]. - Prices realized for both oil and natural gas have increased compared to the same quarter in 2023 [2]. Royalty Information - Marine's distributions to unitholders are determined by royalties received up to the date the distribution amount is declared [3]. - Generally, royalties are received two months after oil production and three months after natural gas production [3].

DALLAS, Aug. 20, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Cross Timbers Royalty Trust (the "Trust") (NYSE: CRT), today declared a cash distribution to the holders of its units of beneficial interest of $0.055175 per unit, payable on September 16, 2024, to unitholders of record on August 30, 2024. The following table shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions. | --- | --- | --- | --- | --- | |---------------------- ...

DALLAS, Aug. 20, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Hugoton Royalty Trust (the "Trust") (OTCQB: HGTXU) announced today there would not be a cash distribution to the holders of its units of beneficial interest for August 2024 due to the excess cost positions on all three of the Trust's conveyances of net profits interests. The Trust's cash reserve was reduced by $91,000 for the payment of Trust expenses. To the extent net profits income is received in future months, the Trustee anti ...