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Naughty Ventures Corp. Announces Sale of Hydrogen Asset Portfolio to Rev Exploration Corp.
Newsfile· 2025-11-27 02:39
Core Viewpoint - Naughty Ventures Corp. has announced the sale of its hydrogen asset portfolio to Rev Exploration Corp., aligning with its strategy to collaborate with strong operators to unlock value while maintaining exposure to high-growth energy opportunities [1][2]. Group 1: Acquisition Details - The acquisition involves Rev Exploration purchasing Naughty Ventures' full portfolio of hydrogen assets located in Ontario and Quebec, which includes a 1.5% net smelter returns royalty on the property [2]. - As part of the agreement, Rev Exploration will issue 500,000 common shares to Naughty Ventures, which will be subject to a statutory hold period of four months and one day from the issuance date [2]. Group 2: Management Commentary - Blair Naughty, CEO of Naughty Ventures, expressed confidence in Rev Exploration's diverse asset portfolio, which provides exposure to the Chibougamau Gold Belt in Quebec and the natural hydrogen assets [3]. - The company anticipates completing the acquisition in the coming weeks, pending necessary consents and approvals, including from the Canadian Securities Exchange [3]. Group 3: Company Overview - Naughty Ventures Corp. is a Canadian exploration company focused on acquiring and developing mineral assets with strong value potential, as well as investing in companies with significant growth potential [4]. - The company holds interests in multiple exploration projects and strategic equity positions across Canada [4].
Boeing Preps For A Rough Q1 Takeoff - But $10.55 Billion Cash Deal Could Provide A Soft Landing
Benzinga· 2025-04-22 18:48
Core Insights - Boeing is facing significant challenges, with shares down nearly 7% year-to-date and an 11% drop in the past month, while Wall Street forecasts a $1.25 per-share loss for the first quarter [1][2] - The company announced a $10.55 billion all-cash deal to sell parts of its Digital Aviation Solutions business to Thoma Bravo, which includes key assets like Jeppesen and ForeFlight, expected to close by the end of 2025 [2][3] - This asset sale is part of Boeing's strategy to focus on core businesses, improve its balance sheet, and maintain an investment-grade credit rating [2][3] Financial Performance - Boeing's stock has been under pressure, with technical indicators showing a bearish trend despite a slight boost from the recent deal [4] - The average consensus price target for Boeing is $199.68, but recent analyst ratings suggest a target of $146.33, indicating a potential 8.6% downside from current levels [5] Market Sentiment - The recent asset sale is seen as a move to restore investor confidence amid ongoing production setbacks and cash flow issues [3][5] - Technical indicators such as the 20-day, 50-day, and 200-day simple moving averages are signaling negative momentum, with a MACD of negative 2.55 and a Relative Strength Index of 49.22 suggesting the stock is in a neutral position [4]