Core Viewpoint - Valeura Energy Inc. has made a final investment decision to redevelop the Wassana field in the Gulf of Thailand, which is expected to significantly enhance shareholder value through increased production and reserves [1][4]. Redevelopment Project Details - The redevelopment will involve a new central processing platform (CPP) designed to optimize the full potential of the Wassana field [9][11]. - First oil production is anticipated in Q2 2027, with peak production expected to reach 10,000 barrels per day (bbls/d) in the second half of 2027, which is more than 2.7 times the current output [9][14]. - The total investment for the redevelopment is estimated at US$120 million, with US$40 million planned for 2025 and the remainder in 2026, fully funded from existing cash reserves [9][13]. Reserves and Resources Update - The Wassana field's proved plus probable (2P) reserves have increased to 20.5 million barrels, representing an increment of approximately 18 million barrels compared to previous estimates [9][19]. - The end-of-field life (EOFL) has been extended to 2043, an increase of 16 years [9][15]. - The net present value (NPV10) of the 2P reserves before tax is estimated at US$354.5 million, and after tax at US$218.2 million, indicating a significant increase in asset value [21][23]. Economic Viability - The redevelopment project is projected to deliver an internal rate of return (IRR) of approximately 40% even at a lower oil price environment of US$60 per barrel, with a payback period of 18 months [6][16]. - The project is designed to be resilient against various price scenarios, providing a favorable risk-reward profile for shareholders [6][7]. Production and Operating Efficiencies - The new CPP will allow for more extensive drilling and a longer facility design life, resulting in increased cash flow generation [11][14]. - The anticipated operating costs are expected to decrease significantly, with adjusted operating expenses per barrel projected to be in the range of US$12 to US$16 [14]. Guidance Update - The company's guidance for adjusted capital expenditures for 2025 has been revised to US$165 million to US$185 million, reflecting the anticipated spending on the Wassana redevelopment project [28][31]. - Free cash flow guidance for 2025 is projected to be between US$80 million and US$195 million, based on benchmark Brent oil prices ranging from US$65 to US$85 per barrel [29][30].

融资租赁评估方法的选择原则 1. 根据评估目的选择： • 若评估目的是为了保险索赔，可能更侧重于成本法，以准确计算资产的重置成本和损失。 • 若评估目的是为了企业并购或股权转让，则可能更侧重于收益法或退出倍数法，以反映企业的未来盈利能 力。 3. 考虑数据可获得性： • 若能获取到充分、可靠的历史收益数据和未来收益预测数据，收益法可能是首选。 • 若能找到足够多的可比交易案例，且这些案例与目标资产具有较高的可比性，则市场法可能更为适用。 • 若资产的重置成本和损耗数据易于获取，则成本法可能更为可行。 4. 考虑市场条件： • 在市场活跃、交易频繁的情况下，市场法可能更能反映资产的真实价值。 2. 根据租赁资产类型选择： • 对于能产生稳定收益的资产，如生产设备、商业地产等，收益法可能更为合适。 • 对于标准化程度高、市场交易活跃的资产，如车辆、通用设备等，市场法可能更为简便易行。 • 对于定制化程度高、市场交易不活跃的资产，如特殊用途设备、非标生产线等，成本法可能更为准确。 • 在可能的情况下，可以结合多种方法进行评估，以相互验证、提高评估结果的准确性和可靠性。例如，可 以同时使用收益法和市场法进行评估，然后 ...

V i e w p o i n t | 09 May 2025 16:00:00 ET │ 17 pages US Equity Strategy What Q1 Earnings Are Telling Us About Tariff Policy CITI'S TAKE The Q1 reporting season storyline is that falling revisions heading into reports set up for a solid positive surprise. When combined with a push out on tariff impacts, equities have rallied. Yet, Q1 upside translated into full year downside to consensus EPS estimates. Notably, we are seeing signs of consumer softening in the company and macro data. That this is unfolding ...

13 May 2025 | 11:35PM HKT China Consumer Staples Pork: more visible shareholder return on attractive valuation; Initiate WH at Buy, Shuanghui at Neutral WH Group is the largest pork player in the world, with a vertically integrated business model from hog production to packaged meat, and has a global presence in China (Shuanghui, 32%/39% of sales/OP in 2024), US (Smithfield, 53%/49%, covered by Leah Jordan) and Europe (15%/11%). We like WH Group's compelling shareholder returns with its dividend yield at 6% ...

Core Insights - The article emphasizes the investment philosophy focused on small cap companies, highlighting the importance of identifying mispriced securities through understanding financial drivers and utilizing DCF model valuation [1]. Group 1 - The investment strategy is not confined to traditional categories such as value, dividend, or growth investing, but rather considers all prospects of a stock to assess risk-to-reward [1].

Amid a sudden rebound back into what feels like bull market territory, investors should continue to be very mindful of stretching valuations. One of the major reasons that the markets fell so sharply following tariff announcementsWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor ...

Financial Data and Key Metrics Changes - At the end of Q2 2025, the company's cash balance was $11.1 million, an increase of approximately $0.9 million from year-end [5] - Total debt decreased to $4.3 million due to principal payments made during the quarter [6] - A goodwill impairment of $3.4 million was recorded, leading to a cumulative loss position affecting deferred tax assets, which resulted in a full valuation allowance of $4.8 million [7][8] Business Line Data and Key Metrics Changes - EBITDA for the quarter was negatively impacted by $650,000 in consultancy and legal fees related to the Bryant Park lease situation [10] - Alabama restaurants showed steady performance, while New York and Florida restaurants reported revenue improvements compared to the previous year [10][11] - Las Vegas operations demonstrated significant efficiency improvements, with weekly cash flows improving dramatically [12] Market Data and Key Metrics Changes - The company is currently in a legal dispute regarding the Bryant Park lease, which has implications for its operations and financials [14][15] - The Meadowlands casino license situation is contingent on New Jersey's response to downstate New York casino licenses, with expectations for developments by the end of the year [16][17] Company Strategy and Development Direction - The company is actively seeking new deals and opportunities for growth while navigating the challenges posed by the Bryant Park lease and Meadowlands casino licensing [13][19] - Management is optimistic about continued improvement in overall business performance [18] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about the lease situation at Bryant Park, indicating a lengthy legal process ahead but confidence in maintaining operations during this period [15] - The company anticipates that the Meadowlands location is well-positioned to meet future demands for casino gaming in Northern New Jersey [17] Other Important Information - The company is in the process of finalizing a new credit facility with a total capacity of $15 to $20 million [6] Q&A Session Summary Question: What is the status of the Bryant Park lease situation? - Management detailed ongoing legal proceedings and expressed confidence in their position, indicating that they expect to remain operational during the legal process [14][15] Question: How is the Meadowlands casino license situation evolving? - Management noted that the issuance of downstate New York casino licenses will influence the Meadowlands' prospects, with expectations for developments by year-end [16][17]

In 1971, when I was a young clerk on the floor of the New York Stock Exchange, the United States ran out of money and defaulted on its debts. That's right, the US ran out of money. How.Well, back then, gold was the money used in transactions between countries. Paper money, like the dollar, was like checks in a checkbook in that it had no value other than it could be exchanged for gold, which was the real money. At the time, the United States was spending a lot more money than it was earning by writing a lot ...

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point, as stocks may lose momentum when their valuations exceed future growth potential [2] - Investing in bargain stocks that exhibit recent price momentum can be a safer strategy, utilizing tools like the Zacks Momentum Style Score to identify potential opportunities [3] Group 2: Allient (ALNT) Stock Analysis - Allient (ALNT) has shown significant price momentum with a four-week price change of 40.9%, indicating growing investor interest [4] - The stock has gained 12.4% over the past 12 weeks and has a beta of 1.39, suggesting it moves 39% more than the market [5] - ALNT has a Momentum Score of B, indicating a favorable time to invest based on momentum [6] Group 3: Earnings Estimates and Valuation - ALNT has received upward revisions in earnings estimates, earning a Zacks Rank 1 (Strong Buy), which is associated with strong momentum effects [7] - The stock is currently trading at a Price-to-Sales ratio of 0.98, suggesting it is undervalued as investors pay only 98 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides ALNT, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Zacks offers over 45 Premium Screens tailored to different investing styles, aiding in the identification of potential winning stocks [9]

European commercial property values rose for the third consecutive quarterLONDON, May 13, 2025 (GLOBE NEWSWIRE) -- Altus Group Limited (“Altus”) (TSX: AIF), a leading provider of commercial real estate (“CRE”) intelligence, today released its Q1 2025 Pan-European dataset analysis on European property market valuation trends. Each quarter, Altus Group centralizes and aggregates CRE valuation data for the European market, pulling insights into the factors driving commercial property valuations. The Q1 2025 ag ...