LOS ANGELES, Jan. 05, 2026 (GLOBE NEWSWIRE) -- Limitless X Holdings Inc. (OTCQX: LIMX), a diversified global consumer products, wellness, entertainment, and lifestyle company founded by entrepreneur Jas Mathur, today announced that its Board of Directors has appointed Daniel Sanders as President, effective immediately. Mr. Sanders brings over 20 years of senior executive experience across consumer nutraceuticals, wellness, product development, large-scale GMP manufacturing, and national retail distribution. ...

Joseph C. Bartolacci, President and Chief Executive Officer of Matthews International, stated: "This transaction is a direct outcome of the strategic alternatives evaluation, reflecting our commitment to unlocking shareholder value and further reducing our debt toward our long-term net leverage ratio goal of 2.5x. The total purchase price represents a compelling valuation multiple that is significantly accretive to Matthews' current trading range. Following this announcement, the Company's strategic alterna ...

Core Insights - The investment approach emphasizes fundamental, valuation-driven strategies focusing on businesses with potential for long-term growth and significant terminal value [1] Group 1: Investment Philosophy - The company prioritizes understanding core business economics, including competitive advantages, unit economics, reinvestment opportunities, and management quality [1] - The focus is on sectors that exhibit strong secular tailwinds, indicating a preference for industries poised for sustained growth [1] Group 2: Professional Background - The analyst has a decade of self-educated investment experience and currently manages personal funds sourced from friends and family [1] - The motivation for sharing insights on platforms like Seeking Alpha is to provide valuable investment analysis and receive feedback from the investment community [1] Group 3: Analytical Approach - The analysis aims to highlight factors that drive long-term equity value, advocating for a blend of analytical rigor and accessibility in investment research [1]

Leadership Changes - Bri-Chem Corp. appointed Mr. Barry Hugghins as Chief Executive Officer and President effective November 10, 2025, while he will also continue as Executive Chairman of the Board [2] - Mr. Hugghins will receive a nominal salary of one dollar ($1) per annum, reflecting the company's commitment to business results and shareholder value [2] - The Board of Directors has eliminated cash retainers, with directors now compensated exclusively through equity-based incentives to enhance long-term shareholder value [2] Company Overview - Bri-Chem is a leading North American oilfield chemical distribution and blending company, recognized for its strategic acquisitions and organic growth [3] - The company operates 23 strategically located warehouses across Canada and the United States, offering a full range of drilling fluid products [3]

Financial Performance - The company reported record quarterly revenue of $212.6 million in Q3 2025, a 6% year-over-year increase[16] - Bookings were excellent at $338 million, resulting in a book-to-bill ratio of 1.6x[16] - Adjusted EBITDA reached an all-time high of 16.2% of revenue[16] - GAAP Net loss was $64.4 million, or (30.3%) of revenue, due to litigation settlement and related costs of $99.7 million[16] - The company is on track to meet VISION 2027 targets, with revenue between $950 million and $1 billion and an adjusted EBITDA margin of 18%[13, 14] Segment Performance - Structural Systems segment revenue was $89.5 million, a 4% year-over-year increase, with an operating income margin of 13.3%[29] - Electronic Systems segment revenue was $123.1 million, a 6.6% year-over-year increase, with an operating income margin of 17.1%[32] Outlook and Strategy - The company is reiterating its 2025 full-year revenue outlook of mid-single-digit growth[22, 23] - Tariffs are not expected to have a significant impact on 2025 performance, with less than 3% of sales to China[27, 26] - The company expects annualized run-rate savings of $11 million to $13 million from restructuring efforts[37] - Remaining Performance Obligations (RPO) reached $1.031 billion in Q3 2025[19]

Financial Data and Key Metrics Changes - Canadian Natural achieved record quarterly corporate production of approximately 1.62 million BOEs per day, a significant increase of approximately 257,000 BOEs per day, or up 19% from Q3 2024 levels [4][14] - Adjusted funds flow for Q3 2025 was approximately CAD 3.9 billion, with adjusted net earnings of CAD 1.8 billion [14][16] - Returns to shareholders in the quarter totaled CAD 1.5 billion, including CAD 1.2 billion in dividends and CAD 300 million in share repurchases [14][15] - The company increased its 2025 corporate production guidance range to 1,560,000-1,580,000 BOEs per day [6] Business Line Data and Key Metrics Changes - Oil sands mining and upgrading production averaged 581,136 barrels per day of SCO, an increase of approximately 83,500 barrels per day, or 17% from Q3 2024 levels [7] - Thermal in situ operations averaged 274,752 barrels per day, showing slight growth from Q3 2024 [8] - Primary heavy crude oil production averaged 87,705 barrels per day, an increase of 14% from Q3 2024 levels [9] - North American light crude oil and natural gas production averaged 180,100 barrels per day, a 69% increase from Q3 2024 [10][11] Market Data and Key Metrics Changes - North American natural gas production averaged approximately 2.66 BCF for the quarter, a 30% increase from Q3 2024 levels [11] - Operating costs for North American natural gas averaged CAD 1.14 per MCF, a decrease of 7% from Q3 2024 [11] Company Strategy and Development Direction - The company focuses on continuous improvement and operational efficiency to drive value creation for shareholders [12][16] - Canadian Natural is exploring egress opportunities to enhance market access for its crude, particularly in light of new pipeline projects [28][40] - The company is committed to capital allocation towards high-return projects without reliance on any single commodity [11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the operational setup into the end of the year, with all assets performing as expected [48] - There is a positive outlook on discussions with the federal government regarding carbon competitiveness and egress opportunities [39][40] - The company anticipates maintaining light-heavy differentials in the range of CAD 10-13 per barrel, supported by strong demand and egress capacity [55] Other Important Information - The company has a strong balance sheet with a quarter-end debt to EBITDA ratio of 0.9 times and liquidity of over CAD 4.3 billion [15][16] - Canadian Natural has increased its dividend for 25 consecutive years, with a CAGR of 21% [14][15] Q&A Session Summary Question: Potential operational benefits from the Albion Oil Sands asset swap - Management highlighted the potential for equipment utilization and cost savings due to the proximity of the two mining assets [20] Question: Opportunities for egress capacity to Midcontinent or Gulf Coast refiners - Management is open to reviewing opportunities for egress and sees positive implications for Canadian crude pricing [28] Question: Need for further consolidation in Western Canada gas - Management noted that while consolidation is occurring, the focus should be on increasing egress opportunities for gas [33] Question: Production growth outlook from Palliser and Endeavor assets - Management confirmed that both areas will be part of the capital allocation strategy for next year [34] Question: Progress on working with the federal government on pathways - Management reported more positive engagement with the new federal government, emphasizing the need for detailed discussions on carbon competitiveness [39][40] Question: Implications of potential acceleration of T block decommissioning on capital expenditures - Management indicated that capital expenditures for 2026 are expected to increase modestly, with tax recoveries considered [44] Question: Operational performance as the year ends - Management stated that all assets are performing as expected, with strong optimization and utilization [48] Question: Scheduled maintenance for 2026 - Management confirmed that Horizon will have a significant turnaround in Q3 2026, along with routine maintenance for thermal facilities [50] Question: Updated thoughts on M&A and capital allocation strategy - Management indicated no significant changes in M&A strategy, focusing on accretive opportunities close to core areas [54]

Financial Data and Key Metrics Changes - Tutor Perini reported a strong third-quarter revenue of $1.42 billion, representing a 31% year-over-year increase [16] - Operating cash flow reached $289 million for the quarter and $574 million for the first nine months of 2025, both setting new records [4][23] - Adjusted earnings per share (EPS) for the third quarter was $1.15, a significant improvement from an adjusted loss of $1.61 per share in the same quarter last year [8][22] - GAAP EPS was $0.07 for the third quarter, compared to a loss of $1.92 per share in the same quarter last year [9][21] Business Line Data and Key Metrics Changes - Civil segment revenue was $770 million, up 41% year-over-year, with operating income from construction operations at $99 million, a substantial improvement from a loss of $13 million last year [16][17] - Building segment revenue was $419 million, slightly down from last year, but operating income improved to $14 million from a loss of $4 million [16][18] - Specialty contractor segment revenue surged 124% to $226 million, with a return to profitability, reporting an income of $6 million compared to a loss of $57 million last year [16][19] Market Data and Key Metrics Changes - The company's backlog reached a record $21.6 billion, up 54% year-over-year, driven by $2 billion in new awards and contract adjustments in the third quarter [6][27] - The civil segment continues to perform at record levels, while the specialty contractor segment has shown significant recovery and profitability [8][19] Company Strategy and Development Direction - Tutor Perini aims to capitalize on favorable macroeconomic conditions and strong market demand for construction services, particularly in civil and building segments [5][10] - The company is focused on pursuing projects with favorable contractual terms and higher margins, emphasizing a selective approach to bidding [12] - Future bidding opportunities are expected to exceed $25 billion over the next 12 to 18 months, with significant projects primarily located in California, New York, and the Midwest [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's performance and raised guidance for adjusted EPS for 2025 to a range of $4-$4.20, up from previous guidance [13] - The outlook remains positive beyond 2025, with expectations for significantly higher adjusted EPS in 2026 and 2027 [14] - Management does not foresee significant impacts from government funding cuts or the recent federal government shutdown on major projects [15] Other Important Information - The company plans to continue building its cash position until it reaches a level suitable for initiating strategic capital allocation alternatives, such as dividends or share repurchase programs [5] - Total debt decreased by 23% to $413 million, with cash on hand exceeding total debt by $283 million [23] Q&A Session Summary Question: Can you give a little more color on specialty turning positive? - Management indicated that the specialty performance is driven by successful non-claim resolution work, leading to improved results [33] Question: Does the specialty revenue trend up from the Q3 level? - Management confirmed that specialty revenue is expected to increase as larger projects ramp up [34] Question: How many of the legacy disputes are remaining? - Management estimated about a dozen significant legacy disputes remain [35] Question: Is bidding activity staying robust? - Management affirmed that bidding activity remains strong across major geographies, particularly in New York and California [41] Question: Could you exit the fourth quarter at another record? - Management suggested that while new records may occur, the growth may be lumpier and not consistently increasing [49] Question: What is the outlook for building segment margins? - Management expects building segment margins to improve significantly by mid-2026 due to the mix of higher-margin projects [72] Question: What are the dynamics with government funding? - Management does not anticipate significant impacts from government funding changes, maintaining active dialogue with customers [74]

Core Insights - Warren Buffett's likely final acquisition is the purchase of Occidental Petroleum's petrochemical unit, OxyChem, for $9.7 billion, marking his first major deal since 2022 [1][3] - The acquisition is seen as a win-win for both Berkshire Hathaway and Occidental Petroleum, enhancing Berkshire's portfolio while aiding Occidental in its debt reduction efforts [2][6] Company Overview - OxyChem is a leader in its sector, producing essential commodity chemicals for various industries, which positions it for steady cash flows even in volatile markets [4] - The acquisition is expected to contribute approximately $325 million in annual EBITDA starting next year due to recent investments in facility upgrades [4] Financial Position - Berkshire Hathaway holds nearly 265 million shares of Occidental Petroleum, valued at over $11 billion, making it a significant part of its investment portfolio [5] - The cash position of Berkshire Hathaway reached nearly $344 billion by the end of the second quarter, providing ample resources for future acquisitions [7][8] Future Strategy - Incoming CEO Greg Abel will inherit a strong cash position, allowing for potential large-scale acquisitions or shareholder returns [9][10] - The company has not returned cash to investors this year, maintaining its focus on strategic acquisitions rather than dividends or share repurchases [8] Long-term Outlook - The acquisition of OxyChem strengthens Berkshire Hathaway's financial foundation and positions it for future growth under new leadership [11][12] - Buffett's disciplined cash management has left the company well-prepared for future opportunities, ensuring flexibility in its strategic direction [12]

Core Insights - Globex Mining Enterprises Inc. is making significant progress across multiple projects, focusing on resource discovery and enhancing shareholder value through exploration of high-demand exotic elements and traditional gold and silver resources [1][19]. Project Updates - The company reported a transaction involving a property with exploration potential for rare earth elements, beryllium, niobium, and tantalum, alongside advancing antimony resource projects [2]. - An option deal was established for the Virgin Mountain Rare Earth & Beryllium Project, with Arizona Mountain Pass Heavy Rare Earths Pty Ltd. agreeing to pay Globex $800,000 in cash and $600,000 in shares over 42 months for 100% ownership [3]. - Globex will receive a 3% royalty on the project, starting from the seventh anniversary of the transaction, with an annual advance royalty of $100,000 payable in cash [4]. - AMP is committed to funding at least $2.5 million in exploration activities during the agreement term, indicating a strong exploration focus [5]. Exploration Activities - Preliminary exploration at the Virgin Mountain property included historical analysis and geological mapping, confirming the presence of rare earth mineralization in favorable rock structures [7][8]. - Updates from transaction partners include high-grade gold discoveries at the O'Brien Gold project, where notable intervals of 15.1g/t and 11.20g/t gold were reported [9][10]. - Antimony Resources Corp is advancing exploration at the Bald Hill Antimony Property, with high-grade stibnite values reported, and a second drilling phase planned [12][13]. New Project Highlights - The Red Star silver-gold project in Nevada, comprising 16 claims over 133.78 hectares, has shown promising assay results of up to 11.5g/t gold and 1,171g/t silver, indicating its potential for high-grade mineralization [14][17]. - The project is situated in a mining-friendly jurisdiction and is considered under-explored, with potential for future option deals as precious metal values rise [18][22]. Strategic Approach - Globex employs a project generator strategy, allowing shareholders to benefit from exploration activities and retained royalties from advanced projects, which have historically led to significant capital gains [19][20]. - The company continues to identify and acquire prospective properties, maintaining a portfolio of over one hundred wholly owned exploration assets [23].

Core Insights - CNA Financial's shares have declined by 1.4% year to date, underperforming its industry and the broader market, which saw growth rates of 8.8%, 13.8%, and 12.8% respectively [1] - The company has a market capitalization of $12.9 billion and an average trading volume of 0.5 million shares over the last three months [1] Valuation and Market Position - CNA Financial shares are trading at a forward price-to-book value of 1.22X, which is lower than the industry average of 1.54X, indicating a discount [3] - The company has a Value Score of A, suggesting it is an attractive investment compared to peers [3] Financial Projections - The Zacks Consensus Estimate for 2025 revenues is $13.5 billion, reflecting a year-over-year growth of 6.3% [5] - Current-year earnings are estimated at $4.49 per share, down 7% from the previous year, while 2026 earnings per share and revenues are projected to increase by 6.2% and 2.8% respectively [5] Analyst Sentiment - Analyst estimates for 2025 and 2026 earnings have increased by 2.3% and 0.2% respectively in the past 30 days [6] Business Performance - CNA Financial has increased its gross premiums through retention, competitive pricing, and new business, leading to improved underwriting and healthier margins [8][12] - The company has raised its dividend five times in five years, maintaining a payout ratio of 40% [8][16] Investment Strategy - CNA's investment strategy focuses on a disciplined fixed-income approach, with expected earnings from fixed-income and other sources projected at $565 million for Q3 and around $2.25 billion for 2025, a 3% increase from 2024 [14] - The company emphasizes shareholder value creation through consistent capital returns and a dividend yield that surpasses the industry average [16] Conclusion - With disciplined underwriting, strong policy retention, and steady premium growth, CNA Financial is well-positioned for organic growth and financial resilience, supported by a focused investment approach [17] - The current discount valuation and a Zacks Rank 2 (Buy) suggest it may be a favorable addition to investment portfolios [17]