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Assets

USEG

U.S. Energy Corp. (NASDAQ: USEG) announced a significant helium discovery from its initial development program, with high-quality helium concentrations confirmed by independent laboratory results. This discovery enhances the economic potential of the company's assets and sets the stage for further development.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:31 pm

AEE

Ameren Missouri, a subsidiary of Ameren Corporation, has received approval to build an 800MW natural gas energy center, Castle Bluff, expected to be operational by 2027. This $900 million investment aims to provide reliable backup energy, complementing renewable sources.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:19 pm

ABBV

AbbVie and EvolveImmune Therapeutics have announced an option-to-license agreement. EvolveImmune will receive $65 million in upfront fees and equity investment from AbbVie. AbbVie could earn up to $1.4 billion in option fees and milestones.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 12:02 pm

BTU

Peabody Energy has announced its capital expenditures for the fiscal year 2024, which are expected to range between $50 million and $425 million.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 11:54 am

NOTE

FiscalNote has announced the divestiture of its South Korean subsidiary, Aicel Technologies, to a group including Aicel's current CEO, lead executive, and a third-party institutional equity investor for $9.65 million. The deal includes $8.5 million in cash and the assumption of an existing convertible note.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 11:53 am

GLD

NEM

Newmont seeks to extend the permit for its Cadia mine in Australia until 2050, which would provide significant regional economic benefits and align with sustainability goals. The extension is under review by the NSW Department of Planning.

Portfolio Pulse from Stjepan Kalinic

October 31, 2024 | 11:53 am

IP

International Paper is reviewing strategic options for its Global Cellulose Fibers (GCF) business to align with its focus on sustainable packaging solutions.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 11:48 am

SCPX

Scorpius Holdings has announced strategic cost-saving measures expected to save over $2 million annually. These include divesting non-core assets and optimizing operational efficiency, aiming to enhance financial position and focus on high-margin growth areas.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 11:44 am

ANIK

Anika Therapeutics has completed the sale of its Arthrosurface business to Phoenix Brio, Incorporated for $10 million, including a $7 million promissory note and up to $3 million based on sales performance. Anika also plans to divest its Parcus Medical business.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 11:10 am

VRN

Veren has updated its 2024 guidance, expecting an average production of 191,000 boe/d with 65% oil and liquids. The company plans $1.45-$1.50 billion in capital expenditures, focusing on Alberta Montney. It anticipates $625 million in excess cash flow and a net debt reduction to $2.5 billion. For 2025, Veren projects production of 188,000-196,000 boe/d, with a capital budget of $1.48-$1.58 billion, and plans to return 60% of excess cash flow to shareholders.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 10:37 am