Workflow
Subsea 7 - contract award offshore Norway
Globenewswire· 2025-06-17 14:37
Core Viewpoint - Subsea 7 S.A. has been awarded a substantial contract offshore Norway, which includes engineering, procurement, construction, and installation (EPCI) of pipeline bundles and related components, with a contract value estimated between $150 million and $300 million [1][3]. Group 1: Contract Details - The contract involves the use of key vessels from Subsea 7's fleet for the project [1]. - Project management and engineering will start immediately at Subsea 7's offices in Stavanger, Norway, and Aberdeen, Scotland, with fabrication taking place in Wester, Scotland [2]. - Offshore operations are scheduled to occur between 2025 and 2027 [2]. Group 2: Company Insights - Erik Femsteinevik, Vice President for Subsea 7 Norway, expressed excitement about the project, emphasizing the importance of early engagement in the field development process to optimize design solutions [3]. - Subsea 7 positions itself as a global leader in delivering offshore projects and services, aiming to create sustainable value and be the partner of choice in the energy industry [3].
Chevron to Sell 25% Working Interest in U.S. Offshore Acreage
ZACKS· 2025-06-17 14:36
Core Insights - Chevron Corporation (CVX) has signed an agreement with TotalEnergies SE (TTE) for the sale of a 25% working interest in 40 exploration leases currently operated by Chevron [1][9] - The transaction enhances the strategic partnership between Chevron and TotalEnergies, building on their previous collaborations in the Gulf of America [3][5] Details of the Offshore Blocks - The federal leases operated by Chevron cover an area of approximately 1,000 square kilometers, located 175-330 kilometers off the coast, including 13 blocks in Walker Ridge, 18 in East Breaks, and the remainder in the Mississippi Canyon area [2] Strategic Partnership Enhancement - This acquisition allows TotalEnergies to access several offshore exploration prospects, aligning with its objective to expand its exploration portfolio with cost-efficient and low-emission assets [4] - The deal builds on the success of previous projects, including the Ballymore project startup this year and the Anchor project achieving its first oil last year [5] Technological Advancements - Chevron and TotalEnergies plan to utilize advanced tools and technologies, including cutting-edge 3D imaging, to maximize the production potential of U.S. offshore oil and gas assets [5]
Urban Outfitters (URBN) Recently Broke Out Above the 20-Day Moving Average
ZACKS· 2025-06-17 14:36
Group 1 - Urban Outfitters (URBN) has reached a key level of support and crossed above the 20-day moving average, indicating a short-term bullish trend [1] - The 20-day simple moving average (SMA) is favored by traders as it smooths out short-term price trends and provides trend reversal signals [2][3] - URBN has moved 12.8% higher over the last four weeks and is currently rated as a Zacks Rank 1 (Strong Buy) stock [5] Group 2 - Positive earnings estimate revisions support the bullish case for URBN, with no estimates decreasing in the past two months and six estimates increasing [5] - The consensus estimate for URBN has also increased, suggesting potential for further gains [6]
Constellation Energy Corporation (CEG) Crossed Above the 20-Day Moving Average: What That Means for Investors
ZACKS· 2025-06-17 14:36
Core Viewpoint - Constellation Energy Corporation (CEG) shows potential as a stock pick due to surpassing key technical levels and positive earnings estimate revisions [1][3]. Technical Analysis - CEG has surpassed resistance at the 20-day moving average, indicating a short-term bullish trend [1]. - The 20-day simple moving average (SMA) is favored by traders for its ability to smooth out price fluctuations and signal trend reversals [2]. Earnings Estimates - There have been three upward revisions for CEG's earnings estimates for the current fiscal year, with no downward revisions, leading to an increased consensus estimate [3]. - This combination of positive earnings revisions and technical indicators suggests potential for further gains [3]. Recent Performance - CEG has experienced a rally of 5.8% over the past four weeks, and currently holds a Zacks Rank of 3 (Hold), indicating it may be poised for another upward movement [4].
Canada Goose (GOOS) Just Overtook the 20-Day Moving Average
ZACKS· 2025-06-17 14:36
Canada Goose (GOOS) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, GOOS crossed above the 20-day moving average, suggesting a short-term bullish trend.The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, short-term traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversal signals than l ...
SNAP: Underestimated For Its Future Potential
Seeking Alpha· 2025-06-17 14:34
I turned bullish on Snap (NYSE: SNAP ) almost 3 years ago, after its 90% drop from its all-time highs. I made it as part of my speculative investment in my barbell portfolio and viewed it as a long-termShri Upadhyaya's deep-seated passion for investing has seen a journey of over 15 years. A self-taught investor Shri intends to have skin in the game with most of his Buy and Sell recommendations. With a long stint in the algorithmic programming platform, Quantopian, Shri realized that most conventional tradin ...
Copa Holdings' May 2025 Traffic Improves Year Over Year
ZACKS· 2025-06-17 14:31
Key Takeaways CPA's revenue passenger miles rose 7.5% year over year in May 2025 on strong air travel demand. Available seat miles grew 7%, with load factor improving to 87.6% from 87.3% in May 2024. CPA shares are up 18% year to date, outperforming the Zacks Airline industry's 10.7% decline.Copa Holdings, S.A. (CPA) reported robust traffic numbers for May 2025 on the back of upbeat air travel demand. Driven by high passenger volumes, revenue passenger miles (RPM: a measure of traffic) improved on a year- ...
Nayax (NYAX) Moves 6.5% Higher: Will This Strength Last?
ZACKS· 2025-06-17 14:31
Nayax (NYAX) shares soared 6.5% in the last trading session to close at $45.55. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 3.5% gain over the past four weeks.The stock has recorded this price as the company benefits from its large and expanding market, fueled by the shift from cash to digital payments.This financial technology company is expected to post quarterly earnings of $0.10 per share in its upcoming report, which rep ...
Wall Street Bulls Look Optimistic About RTX (RTX): Should You Buy?
ZACKS· 2025-06-17 14:31
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about RTX (RTX) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.RTX currently has an average brokerage ...
Is It Worth Investing in VALE (VALE) Based on Wall Street's Bullish Views?
ZACKS· 2025-06-17 14:31
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about VALE S.A. (VALE) .VALE currently has an average brokerage recomme ...