The Tuttle Capital Heavy Assets Low Obsolescence ETF (HALX), launched in May 2026, invests in 40 companies with substantial physical assets and low risk of obsolescence. It focuses on sectors like transportation, energy infrastructure, and industrial facilities, using a modified equal-weight strategy to diversify holdings and reduce concentration risk. Key holdings include energy firms Devon Energy and Diamondback Energy, railroads CSX and Union Pacific, and AI infrastructure provider CoreWeave. With an expense ratio of 0.75%, HALX offers investors exposure to tangible, capital-intensive businesses positioned for long-term stability, differing from typical tech-heavy indexes.
Devon Energy announced its updated 2026 outlook following its merger with Coterra Energy, projecting average production of 1.38 million barrels of oil equivalent per day, including 500,000 barrels of oil daily. The company plans $4.9 billion in capit...
Devon Energy received an $8 billion offer from Stone Ridge Asset Management for its Marcellus shale assets in Pennsylvania, potentially the largest asset-backed securitization in the US oil and gas sector. These assets represent about 20% of Devon's ...
Devon Energy announced an extension of the deadline for its private exchange offers, allowing holders of Coterra Energy notes to exchange them for new Devon notes plus cash. As of June 5, 2026, a significant majority of notes across various series ha...
