Obsidian Energy has increased its 2026 capital program by about $100 million to $300-$325 million to accelerate production growth, targeting approximately 15% growth in 2027. The additional investment focuses mainly on light oil development in Willesden Green and expanding waterflood projects in Peace River. The company forecasts a 40% rise in funds flow from operations to $317 million, improving its net debt to FFO ratio to about 0.9x, supported by a strong balance sheet and higher commodity price assumptions. This strategy aims to enhance production, capital efficiency, and free cash flow generation while maintaining financial flexibility.
Eramet SA disclosed the total number of shares and voting rights as of May 31, 2026. The company has 28,755,047 shares, with theoretical voting rights totaling 49,497,051 and exercisable voting rights at 49,411,630 after accounting for private voting...
Micron Technology CEO Sanjay Mehrotra sold nearly $36 million worth of company stock last week, offloading 37,439 shares at an average price of $960.38 each. This sale was part of a pre-arranged trading plan and reduces his direct holdings by about 8...
The global mobile forensics market is projected to grow from $5.72 billion in 2026 to $9.99 billion by 2031, at an 11.8% CAGR. Growth is fueled by increasing mobile ecosystem complexity, widespread use of encrypted apps, and demand for integrated for...
Costco's stock increased by about 2% following strong May sales results, with net sales up 14.5% year-over-year to $24.01 billion. U.S. comparable sales rose 13.7%, and digitally enabled sales jumped 21.1%, highlighting the company's growing e-commer...
Space stocks are sharply down this week, with Redwire, Momentus, and Rocket Lab falling over 20% due to SpaceX's reduced IPO valuation and a failed short squeeze on Virgin Galactic. SpaceX set its IPO price at $135 per share, valuing the company at $...
