Tuktu Resources Ltd. Announces Third Quarter 2025 Results and Operations UpdateNovember 20, 2025 6:21 PM EST | Source: Tuktu Resources Ltd.Calgary, Alberta--(Newsfile Corp. - November 20, 2025) - Tuktu Resources Ltd. (TSXV: TUK) ("Tuktu" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2025, as well as an operations update. Selected financial and operating information should be read in conjunction with Tuktu's unaudi ...

Oil drilling rigs and support equipment stand on the tundra in Deadhorse, Alaska, on Friday, Sept. 5, 2025.The Trump administration unveiled plans Thursday for a huge oil drilling expansion off the coasts of Alaska, California and in the Gulf of Mexico. The Department of Interior proposed 34 lease sales to drill in those waters through 2031, a big expansion compared to the Biden administration program that allowed just three lease sales and only in the Gulf. The Trump program would include lease sales in 21 ...

Acacia Research FY Conference Summary Company Overview - **Company Name**: Acacia Research (Ticker: ACTG) - **Market Cap**: $313 million - **Book Value**: Approximately $577 million - **Common Shares Outstanding**: 96 million - **Business Model**: Focuses on acquiring under-managed and under-loved businesses, particularly in the B and C quartile asset categories [3][4] Core Business Strategy - **Investment Focus**: Acacia Research aims to buy businesses at a price that provides a significant margin of safety, allowing for potential operational improvements and value creation [4][5] - **Operational Improvements**: The company emphasizes operational enhancements post-acquisition, aiming to generate free cash flow and earnings growth [4][10] - **Acquisition Strategy**: The company has shifted from being a patent troll to a value investor, focusing on small-cap and micro-cap companies [5][21] Recent Acquisitions - **Benchmark Energy**: Acquired a 51% stake in 2023, followed by a larger acquisition in 2024. The acquisition was made during a period when oil and gas prices were low, allowing for a favorable purchase price [6][7] - **Deflecto**: Acquired over a year ago at approximately 5.5 times mid-cycle EBITDA. The business has faced tariff-related demand issues but is expected to perform well post-cycle [10][11] - **Printroducts**: Undergoing a turnaround with operational improvements [14] Financial Performance - **EBITDA Growth**: The company has seen EBITDA growth that exceeds parent costs, indicating operational efficiency [17] - **Cash Returns**: Benchmark is generating high teens cash returns, while Deflecto and Printroducts are also yielding significant cash returns [15][24] - **Cash Management**: The company has maintained a stable cash position, starting with $350 million and ending with approximately $330 million after acquisitions and buybacks [13][14] Market Position and Competitive Advantage - **Talent Acquisition**: Acacia Research leverages a network of operating partners to enhance operational performance in acquired businesses, which individual businesses may struggle to attract [26][27] - **Focus on Microcap Opportunities**: The company identifies value traps in small and micro-cap companies that larger funds may overlook [22][23] Risk Management and Future Outlook - **Leverage Strategy**: The company maintains a conservative approach to leverage, focusing on unlevered and levered cash flow returns [24] - **Long-term Vision**: Acacia Research aims for a turnaround period of 12 to 18 months for its acquisitions to show significant results [20] - **Market Engagement**: The company plans to increase its visibility in the investment community as it continues to demonstrate operational improvements and financial performance [20] Additional Insights - **Partnership with Unchain**: Engaged in a partnership to underwrite commercial loans secured by Bitcoin, providing a cash management option with attractive returns [12][13] - **Cost Structure Management**: The company has rationalized its corporate cost structure to enhance profitability [17] This summary encapsulates the key points from the Acacia Research FY Conference, highlighting the company's strategic focus, recent acquisitions, financial performance, and future outlook.

Calgary, Alberta--(Newsfile Corp. - November 20, 2025) - Axiom Oil and Gas Inc. ("Axiom" or the "Company") is pleased to report that as a result of its recent successful drilling program of its highest cash netback property, Black Creek, the Company has initiated a sales process with Sayers Energy Advisors for several non-core properties with bid deadline November 27, 2025, including: Brazeau, Esther, Hamilton Lake/Consort, Killam/Iron Creek, Marten Creek and Mundare areas of Alberta. The properties also i ...

The Trump administration is proposing to open new areas off the West Coast and in the Arctic to crude drilling as part of a draft blueprint released Thursday that would dramatically expand the sale of offshore oil and natural gas rights https://t.co/sNENtwxOJf ...

Key Takeaways Venture Global advances Plaquemines LNG expansion with filings to FERC and the U.S. DOE.The company boosts production targets nearly 40% on strong LNG demand and efficiency gains.A three-phase plan with 32 trains lifts Plaquemines LNG's peak output to more than 58 MTPA.Venture Global Inc. (VG) , a U.S.-based liquefied natural gas (LNG) company, stated that it has taken a major step toward the expansion of its Plaquemines LNG project. The LNG firm has submitted an application for the approval o ...

Core Insights - Zephyr Energy has secured loan refinancing for its Paradox project and additional financing for near-term expansion and development plans [1][5] - The company's outstanding borrowings with First International Bank & Trust (FIBT) have decreased significantly from $35.3 million in January 2024 to $22.1 million [2] - The consolidation of two FIBT term loans into a single loan has resulted in a lower average interest rate [3] Financial Overview - Current outstanding borrowings with FIBT are approximately $22.1 million, down from $35.3 million in January 2024 and $27.4 million in October 2024 [2] - Zephyr Energy has secured an additional $2 million in loan financing from an industry lender for near-term expenditures [5] Operational Focus - The company is focused on tying in three previously drilled wells at the Paradox project to nearby pipeline infrastructure for future hydrocarbon production [6] - Engineering work and commercial documentation with Enbridge for the adjacent natural gas pipeline are currently in progress [6] - The workstream for securing necessary regulatory approvals for the proposed natural gas transportation service is also progressing [7] Strategic Goals - The CEO emphasized the commitment to delivering first production from the Paradox project, supported by positive results from a recent competent person's report and strong well test results [4] - Ongoing project partnership discussions are being vigorously pursued to enhance operational capabilities [5]

Key Takeaways Shell signs wind and solar PPAs to supply renewable power for its REFHYNE 2 hydrogen project.Deals include offtake from a 332 MW offshore wind farm and a 230 MW solar project.The 100 MW electrolyzer will use this power to produce green hydrogen for industrial use.Shell Energy Europe Limited, a leading subsidiary of Shell plc (SHEL) , has taken a monumental step in advancing renewable energy solutions through two new Power Purchase Agreements (PPAs) in Germany. These agreements, signed with Nor ...

CALGARY, Alberta, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has completed a public offering in Canada and the United States of $2.6 billion in senior notes comprised of $650 million of 4.250% senior unsecured notes due 2033, $550 million of 4.600% senior unsecured notes due 2035, US$500 million of 4.650% senior unsecured notes due 2031, and US$500 million of 5.400% senior unsecured notes due 2036 (collectively, the “Offering”). The Offering was made under Cenovus’s short f ...

TotalEnergies rejects accusations of complicity in war crimes, torture and enforced disappearances in Mozambique, the company said on Thursday following a complaint by a European rights group filed with French authorities. ...