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ROSEN, LEADING INVESTOR COUNSEL, Encourages New Era Energy & Digital, Inc. Investors to Inquire About Securities Class Action Investigation - NUAI
TMX Newsfile· 2026-01-31 00:16
Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of New Era Energy & Digital, Inc. due to allegations of materially misleading business information issued by the company [1] Group 1: Legal Action and Investor Rights - Investors who purchased New Era Energy & Digital securities may be entitled to compensation through a contingency fee arrangement, with a class action being prepared to recover investor losses [2] - To join the prospective class action, investors can submit a form or contact the law firm directly for more information [2] Group 2: Company Performance and Allegations - New Era Energy & Digital's stock fell 6.9% on December 12, 2025, following a report from Fuzzy Panda Research that criticized the company's financial practices, alleging excessive spending on stock promotions compared to operational costs [3] - The report claimed that the CEO has a history of mismanaging penny stock companies over the past 20 years [3] Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked highly for the number of settlements [4] - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone, and has received recognition for its attorneys [4]
This Mag 7 stock jumped 10% after reporting earnings and BMO analyst sees 'green shoots' from vast AI spending
Financialpost· 2026-01-30 23:17
Core Viewpoint - Analysts at Raymond James Global Research have revised their outlooks for Canadian oil and gas companies due to changes in commodity prices, leading to lowered price targets for key benchmarks [1] Price Target Adjustments - Price targets for West Texas Intermediate and Western Canadian Select have been reduced by 8% and 10% respectively for Q4 2025, significantly impacting estimates for producers this quarter [1] - Cenovus Energy Inc. (CVE:TSX) is the top pick with a price target of $30, while Suncor Energy Inc. (SU:TSX) and Canadian Natural Resources Ltd. (CNQ:TSX) follow, with targets of $73 and $53 respectively [1] Company Insights - Cenovus is expected to focus on integrating MEG Energy post-acquisition, which may limit its performance in the near term despite a strong buy rating [1] - Suncor is noted for having a compelling narrative with positive developments in its in situ business ahead of the March Investor Day [1] - Imperial Oil Ltd. is rated as underperform with a price target of $106, as analysts consider the stock to be relatively expensive [1]
US pitches Venezuelan crude to India as its Russian oil imports slow, sources say
Reuters· 2026-01-30 22:27
The United States, which imposed tariffs on India last year for buying Venezuelan oil, has told Delhi it can resume those purchases soon to help replace imports of Russian oil, three sources familiar with the matter told Reuters. ...
Presidio and EQV Ventures Acquisition Corp. Announce SEC Effectiveness of Registration Statement
Globenewswire· 2026-01-30 22:14
Core Viewpoint - EQV Ventures Acquisition Corp. and Presidio Investment Holdings LLC are moving forward with their business combination, with the registration statement declared effective by the SEC, and an extraordinary general meeting scheduled for February 27, 2026, to approve the merger [1][3][13]. Company Overview - EQV Ventures Acquisition Corp. is a special purpose acquisition company (SPAC) focused on merging with businesses, specifically in the oil and gas sector [8]. - Presidio Investment Holdings LLC operates in the oil and gas industry, concentrating on optimizing mature, producing oil and natural gas assets in the United States [1][7]. Business Combination Details - The extraordinary general meeting for shareholders to vote on the business combination is set for February 27, 2026, at 8:00 a.m. Central Time, to be held virtually [3]. - If approved, the combined entity will trade on the New York Stock Exchange under the ticker symbol "FTW" shortly after the meeting [3]. Financial Insights - Presidio has reported a backlog of potential acquisition targets amounting to $15 billion, which aligns with its investment criteria aimed at driving dividend growth [4]. - The company aims to return capital to shareholders at an attractive rate while executing its growth strategy [5]. Shareholder Engagement - EQV is urging all shareholders to complete and return their proxy cards to ensure their votes are counted in the upcoming extraordinary general meeting [5]. - Shareholders who do not receive the Proxy Statement/Prospectus are advised to confirm their status with their brokers or contact EQV's proxy solicitor for assistance [6].
Chevron Q4 Earnings Call Highlights
Yahoo Finance· 2026-01-30 22:10
CFO Eimear Bonner reported fourth-quarter earnings of $2.8 billion, or $1.39 per share, with adjusted earnings of $3.0 billion, or $1.52 per share. Bonner said items included pension curtailment costs of $128 million and negative foreign currency effects of $130 million.Wirth said Chevron reached 1,000,000 barrels of oil equivalent per day in the Permian and described a shift in focus toward free cash flow growth. He also noted the close of the Hess acquisition, which he said created “a premier upstream por ...
BofA Raises Chevron (CVX) Target as Geopolitical Shifts Lift Energy Outlook
Yahoo Finance· 2026-01-30 22:06
Chevron Corporation (NYSE:CVX) is included among the 14 High Yield Dividend Stocks with Sustainable Payouts. BofA Raises Chevron (CVX) Target as Geopolitical Shifts Lift Energy Outlook On January 27, BofA lifted its price target on Chevron Corporation (NYSE:CVX) to $188 from $180. It also kept a Buy rating on the stock. The firm said the change reflects updated views across its coverage of Integrated, Refining, and Midstream companies. Analysts pointed to higher front-month crude prices, helped by the re ...
Exxon, Chevron see glimmer of Venezuela's potential, but with long road ahead
Reuters· 2026-01-30 21:57
U.S. oil majors Exxon Mobil and Chevron offered investors a few pieces of new insight into their thinking about Venezuela on Friday, even though neither company announced long-term investment commitme... ...
Oil prices unexpectedly score first monthly gain in half a year. So what's the next move for OPEC+?
MarketWatch· 2026-01-30 21:37
The group of major oil producers known as OPEC+ will have to take oil flow uncertainty and an expected global supply surplus into account when they meet this weekend to discuss production targets. ...
Oil market would be concerned with broader conflict in Iran, says RBC's Helima Croft
Youtube· 2026-01-30 21:21
For more on this dynamic, let's bring in RBC Capital Markets global head of commodity strategy, Hale Lima Croft. She's also a CNBC contributor. Hale Lima, we kind of know the headlines.Obviously, there's not a lot of detail around just how active or just how advanced the planning is for any possible move in the Middle East, especially Iran. What exactly are you hearing and how exactly are you interpreting what we do know right now. Well, we certainly know there's been a significant redeployment of US milita ...
Imperial Oil Limited (AMEX:IMO) Faces Financial Challenges Amidst Declining Oil Prices
Financial Modeling Prep· 2026-01-30 21:00
Core Viewpoint - Imperial Oil Limited is facing challenges in its financial performance, particularly due to declining crude oil prices, which have impacted its earnings and revenue generation [2][3][6] Financial Performance - The company reported earnings per share (EPS) of $1.05, missing the estimated EPS of $1.36, indicating difficulties in meeting market expectations [2][6] - Revenue for the period was approximately $6.02 billion, falling short of the anticipated $8.84 billion, highlighting struggles in generating sales amidst fluctuating oil prices [3][6] Valuation Metrics - Imperial Oil has a price-to-sales ratio of 1.12, suggesting that investors are still willing to pay $1.12 for every dollar of sales, reflecting some confidence in its sales potential [3][6] - The price-to-earnings (P/E) ratio stands at 12.81, indicating moderate market valuation of the company's earnings [4] - The enterprise value to sales ratio is 1.15, and the enterprise value to operating cash flow ratio is 8.12, suggesting a balanced valuation relative to sales and cash flow generation [4] Financial Health - The company has a debt-to-equity ratio of 0.18, indicating a low level of debt compared to equity, which reflects financial stability [5] - A current ratio of 1.47 suggests that Imperial Oil has a strong ability to cover its short-term liabilities with its short-term assets [5]