Northern Oil and Gas has acquired Duvernay Shale assets for CAD350 million (about USD254 million), a price considered fair at roughly 3.5 times 2027 EBITDAX at $75 WTI oil. This acquisition increases Northern Oil's leverage to an estimated 1.8 times by the end of 2026. Despite this, the company is projected to generate $382 million in free cash flow in 2026, even accounting for $311 million in hedging losses. Northern Oil also holds significant oil hedges for 2027 and some for 2028, which may help stabilize future revenues amid market fluctuations.
The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Solana (SOL) has gained about 30% from its June low, trading around $78 and surpassing its 50-day EMA. The token's upward momentum is supported by increased speculative trading and a new SuperTrend buy signal, the first since October 2025. However, i...
Kenmare Resources reported weaker-than-expected production in the first half of 2026 due to commissioning delays at its Wet Concentrator Plant A, with ilmenite output down 40% year on year in Q2. Despite this, shipments increased by 53% as the compan...
Ramsdens Holdings PLC shares rose 13.6% to 670p following an improved takeover offer from US pawnbroking group FirstCash. FirstCash increased its cash bid to 675p per share from 600p, raising the total offer value to up to £232 million, including div...
