Calgary, Alberta--(Newsfile Corp. - January 16, 2026) - Tuktu Resources Ltd. (TSXV: TUK) ("Tuktu" or the "Company"), a junior oil and gas producer based in Calgary, Alberta, announces the results of the special meeting of shareholders ("Shareholders") of Tuktu held on January 15, 2026 (the "Meeting"). A total of 168,408,260 common shares in the capital of the Company (representing 63.42% of the total issued and outstanding shares) were voted in person or by proxy at the Meeting.Shareholders voted: (i) in f ...

Core Viewpoint - Oil executives and lawyers for international oil companies are actively lobbying the U.S. and Venezuelan governments to amend Venezuela's hydrocarbon law, aiming to secure rights for unrestricted operations in the country [1] Group 1: Lobbying Efforts - The lobbying efforts are focused on obtaining changes in the hydrocarbon law of Venezuela, which is a member of OPEC [1] - The objective of these changes is to grant international oil companies the right to operate freely within Venezuela's oil sector [1] Group 2: Stakeholder Involvement - Key stakeholders involved in this lobbying include executives from major oil companies and legal representatives [1] - The involvement of both U.S. and Venezuelan governments indicates a significant interest in the potential economic benefits of revised oil regulations [1]

Key Takeaways CVX & partners reach FID for Leviathan field expansion, increasing natural gas production capacity in Israel.CVX plans new wells, added subsea equipment, and upgraded treatment facilities to handle higher gas volumes.CVX expects Leviathan output to reach about 21 bcm annually, supporting Israel's demand and regional exports.Chevron Corporation (CVX) , a U.S. oil and gas giant, announced that its subsidiary Chevron Mediterranean Limited (CML) and its partners at the Leviathan natural gas reserv ...

Core Viewpoint - The US is selling Venezuelan oil at prices approximately 30% higher than previous sales, following the capture of Nicolás Maduro, with the first sale valued at around $500 million [1][2]. Group 1: Oil Sales and Pricing - The US Department of Energy reported that the realized price for Venezuelan oil is about 30% higher compared to three weeks ago [2]. - President Trump announced that Venezuela would sell between 30 to 50 million barrels of oil to the US at "market price," with sales expected to continue indefinitely [4]. - Venezuela, holding the world's largest crude reserves at approximately 303 billion barrels, has seen its oil output decline to 800,000 barrels per day from a peak of 3.5 million barrels per day in the 1990s [4]. Group 2: Investment Opportunities - Following Maduro's capture, Trump has engaged with leaders from major oil companies such as Exxon, Chevron, and ConocoPhillips to discuss potential investments in Venezuelan oil [5]. - Chevron is highlighted as a key player due to its long-standing exposure to Venezuela and expertise in heavy oil, while ExxonMobil is also positioned to benefit if redevelopment becomes capital-intensive [10]. - ConocoPhillips, with its experience in heavy oil, is expected to gain if production increases under more stable conditions [10]. Group 3: Market Reactions - Brent crude oil prices increased by 50 cents, or 0.78%, reaching $64.26 per barrel, marking a fourth consecutive weekly gain [10]. - US West Texas Intermediate rose by 48 cents, or 0.81%, to $59.67, with both benchmarks achieving multi-month highs amid concerns of volatility due to protests in Iran [11].

Core Insights - The U.S. Energy Information Administration (EIA) forecasts a decline in natural gas prices for 2026, with average prices expected to be just under $3.50/MMBtu, a 2% decrease from 2025, due to oversupply and comfortable storage levels [1][10] - A significant rebound is projected for 2027, with prices anticipated to rise over 30% to nearly $4.60/MMBtu, presenting an attractive entry point for investors in energy exchange-traded funds (ETFs) [2][10] Factors Influencing EIA's Price Forecast - Unseasonably warm weather has led to reduced heating demand, resulting in a surplus in gas storage, with inventories potentially exceeding 2 trillion cubic feet by the end of the winter withdrawal season [3] - Natural gas production growth is expected to outpace domestic demand growth in 2026, preventing tight market conditions that typically drive prices higher [4] - Temporary operational disruptions at major Gulf Coast LNG export terminals have curtailed overseas shipments, increasing the domestic supply of natural gas [5] Investment Opportunities in Energy ETFs - Despite the anticipated price dip in 2026, the long-term outlook for natural gas companies remains positive, with a price surge expected in 2027 [6] - Natural gas is crucial for electricity generation, and the 2026 price dip offers a potential accumulation phase for investors [7] - Investing in diversified energy ETFs that hold companies with strong export capabilities can provide a buffer against low U.S. domestic prices [8] Highlighted Energy ETFs - **State Street Energy Select Sector SPDR ETF (XLE)**: The largest energy ETF with $29.12 billion in assets, offering exposure to 22 companies, including top holdings like ExxonMobil (23.89%), Chevron (18.02%), and ConocoPhillips (7.01%). The fund has gained 5.5% over the past year and charges 8 basis points in fees [11][12] - **Vanguard Energy ETF (VDE)**: With $7 billion in assets, it provides exposure to 107 companies in the energy sector, with top holdings including ExxonMobil (22.87%), Chevron (15.02%), and ConocoPhillips (5.88%). The fund has risen 5% over the past year and charges 9 basis points in fees [13][14] - **Fidelity MSCI Energy Index ETF (FENY)**: This fund has $1.28 billion in assets and offers exposure to 101 energy companies, with top holdings including ExxonMobil (22.98%), Chevron (15.24%), and ConocoPhillips (6.08%). FENY has gained 5% over the past year and charges 8 basis points in fees [15]

Core Insights - Patterson-UTI Energy, Inc. has secured a multi-year agreement to lease two APEX 1500 drilling rigs to DLS Archer Ltd. S.A, enhancing its international presence in the oil and gas sector [1][12][14] - The APEX 1500 rigs will support Archer's operations in the Vaca Muerta formation, a significant unconventional oil and gas reserve in Argentina [1][3][6] Expansion of International Footprint - The APEX 1500 rigs are part of Patterson-UTI's high-spec rig fleet in the U.S., designed for high-performance unconventional drilling projects [2][10] - The rigs will be mobilized to Argentina to assist Archer's contract with YPF S.A., the largest oil and gas company in Argentina [2][6] Vaca Muerta Formation - The Vaca Muerta formation is recognized for its vast reserves, attracting major oil and gas operators [3][7] - Patterson-UTI's provision of APEX 1500 rigs demonstrates its commitment to meeting the demand for advanced drilling solutions in Argentina's energy sector [3][5] Rig Mobilization and Operations Timeline - The APEX 1500 rigs are expected to begin operations by mid-2026, with Archer responsible for all costs related to rig preparation and mobilization [4][9] Strengthening Partnerships - The collaboration between Patterson-UTI and Archer aims to maximize operational efficiency and productivity in drilling operations [6][14] - The rigs will be part of Archer's broader seven-rig contract with YPF, marking a significant milestone for both companies [6][12] Technological Advancements - The APEX 1500 rigs are engineered for demanding drilling environments, featuring advanced automation systems that enhance safety and operational efficiency [10][11] - These technological advancements provide a competitive edge in drilling efficiency and cost management [11][15] Strategic Focus on International Growth - The agreement with Archer represents a strategic expansion of Patterson-UTI's international operations, prioritizing markets like Argentina [12][13] - This move aligns with Patterson-UTI's strategy to diversify revenue streams and enhance its global reach [13][15]

Market Overview - Futures are trading higher, indicating a potential positive close to the week after a significant rally on Thursday, driven by a combination of factors including positive economic data and strong earnings reports from major banks [1] - The Dow Jones closed up 0.60% at 49,442, the S&P 500 rose 0.26% to 6,944, and the Nasdaq increased by 0.25% to 23,530, with the Russell 2000 leading the gains at 0.86% [1] Treasury Bonds - Treasury yields increased across the curve as sellers returned, influenced by positive inflation reports and labor market news, which led to speculation that interest rate cuts may be delayed until June [2] - The 30-year bond closed at 4.80%, while the 10-year note was at 4.17% [2] Oil and Gas - Oil prices fell sharply, with Brent Crude down 4.12% to $63.78 and West Texas Intermediate down 4.42% to $59.28, ending a five-day winning streak due to reduced military tensions and oversupply concerns [3] - Natural gas saw a slight increase, closing at $3.14, up 0.74% [3] Gold and Silver - Gold prices experienced a minor decline of 0.24%, closing at $4,615, attributed to profit-taking and reduced geopolitical tensions [4] - Silver also fell by 0.84% to $92.29, with traders noting it may not be included in the critical minerals tariff list for now [4] Cryptocurrency - The cryptocurrency market faced a downturn, primarily due to the postponement of a key US Senate crypto bill, with Bitcoin dropping below $96,000 during trading [5] - Bitcoin was trading at $95,357 and Ethereum at $3,304 at 8 AM EST [5] Analyst Upgrades - Garmin Ltd. upgraded to Equal Weight from Underweight with a target price increase to $217 from $208 [12] - Honeywell International Inc. upgraded to Overweight from Neutral, target price raised to $255 from $218 [12] - PepsiCo Inc. raised to Outperform from Neutral with a target price of $179 [12] - Rocket Lab Corp. upgraded to Overweight from Equal Weight, target price increased to $105 from $67 [12] - Seagate Technology Holdings plc raised to Neutral from Negative, target price increased to $280 from $150 [12] Analyst Downgrades - ConocoPhillips downgraded to Underperform from Neutral with a target price of $102 [12] - Devon Energy Corp. downgraded to Sector Perform from Outperform, target price set at $41 [12] - HP Inc. cut to Underweight from Equal Weight, target price reduced to $18 from $24 [12] - Kraft Heinz Co. downgraded to Underweight from Equal Weight, target price trimmed to $24 from $27 [12] - MGM Resorts International cut to Underweight from Equal Weight, target price lowered to $33 from $40 [12] Analyst Initiations - Martin Marietta Materials Inc. initiated with a Neutral rating and a target price of $700 [12] - Staar Surgical Co. resumed coverage with an Underweight rating and a target price of $13 [12] - TFS Financial Corp. assumed coverage with a Neutral rating and a target price of $15 [12] - Unity Software Inc. started with a Buy rating and a target price of $52 [12] - Vulcan Materials Inc. initiated with a Buy rating and a target price of $345 [12]

Photographer: Eli Hartman/Bloomberg The US oil and gas industry slashed 40% of its workforce over the past decade of record-breaking production — and those jobs are unlikely to return. In an industry known for its booms and busts, higher oil prices have historically spurred greater drilling activity, and therefore more hiring. But this link broke after years of poor returns to investors following the bursting of the shale bubble in the mid-2010s. Most Read from Bloomberg New technologies to drill fast ...

Core Viewpoint - Two stocks are highlighted for investors with strong income characteristics and a buy rank, specifically Riley Exploration Permian, Inc. and United Community Banks, Inc. [1][2] Group 1: Riley Exploration Permian, Inc. (REPX) - The company operates in the oil and natural gas sector [1] - The Zacks Consensus Estimate for its current year earnings has increased by 4.5% over the last 60 days [1] - The company has a dividend yield of 5.7%, significantly higher than the industry average of 0.0% [1] Group 2: United Community Banks, Inc. (UCB) - The company is a bank holding company [2] - The Zacks Consensus Estimate for its current year earnings has increased by 0.7% over the last 60 days [2] - The company has a dividend yield of 3%, which is above the industry average of 2.1% [2]

Core Insights - The share of OPEC crude oil in India's import mix reached its highest level in 11 months in December, while Russian oil shipments fell to a two-year low due to new U.S. sanctions [1][2]. Group 1: OPEC and Russian Oil Imports - OPEC crude oil's share in India's total imports increased to 53.25%, while Russian oil flows decreased by 22% to 1.38 million barrels per day, representing 27.4% of total Indian oil imports [2]. - Despite the decline, Russia remained the largest supplier of crude oil to India in December, followed by Iraq and Saudi Arabia, as Indian state-owned companies shifted to purchasing from non-sanctioned Russian firms [3]. - The share of OPEC crude in Indian imports rose from 49% in 2024 to 50% in 2025, while Russia's share decreased from 36% to 33% during the same period [4]. Group 2: Trends in Russian Oil Exports - Russian oil flows to India dropped by 29% month-on-month in December, while exports to China increased by 23% in November, contributing to an 11% rise in total Russian exports [5]. - The decline in shipments to India was less severe than predicted, with estimates suggesting flows could remain between 1.2 million and 1.4 million barrels daily [3][5].