Valeura Energy has finished an eight-well drilling campaign at its Nong Yao field in the Gulf of Thailand, including its first multi-lateral well, which set a record for the longest horizontal lateral drilled in the region at 4,960 feet. This campaign increased production from about 8,870 barrels per day to approximately 10,500 barrels per day. The multi-lateral well allows access to multiple reservoirs from a single well slot, improving efficiency and production potential. Valeura plans further drilling at its Jasmine field and is exploring more multi-lateral opportunities across its portfolio to enhance output and operational efficiency.
National Beverage faces stagnant growth as LaCroix volumes have declined for four straight years, reducing brand excitement. The stock trades at reasonable multiples reflecting muted growth and no clear catalysts for upside. Despite stable gross marg...
Arthur Hayes reversed his crypto strategy by purchasing over $3.7 million worth of Ethereum after selling 6,000 ETH at a loss of about $606,000 just weeks prior. This move follows his pattern of bold crypto trades and quick exits, which have drawn cr...
A bitcoin wallet that had been inactive since 2017 moved its entire holding of 5,908 BTC, now worth about $383 million, to a new, unidentified address. The coins were originally bought near bitcoin's 2017 peak at around $16,000 each and have gained r...
Zcash (ZEC) is approaching the $600 mark after breaking out of a multi-week consolidation, showing strong bullish momentum. The price has surpassed key moving averages and resistance levels, supported by healthy trading volume and positive technical ...
The US will impose a 25% tariff on most imports from Brazil starting July 22, following a yearlong investigation into alleged unfair trade practices by Brazil. The tariffs target issues such as Brazil's demands on US tech firms to remove political co...
