Streetbeat News

Assets

CGBS

Crown LNG Holdings Limited (NASDAQ:CGBS) has finalized agreements to acquire LNG import terminal assets in Kakinada, India, and Grangemouth, Scotland. The acquisitions, valued at $60M and $25M respectively, will be paid in Crown LNG shares. These strategic moves aim to enhance Crown LNG's presence in the global LNG infrastructure network.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:21 pm

SPY

USO

The U.S. Baker Hughes Oil Rig Count decreased by 1 to 479, while the total rig count remained unchanged at 585.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 5:11 pm

X

United States Steel has revised its 2024 capital spending forecast to $2.3 billion and anticipates a total capital expenditure of $3.6 billion for its BR2 project.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 3:52 pm

CVX

Chevron's CFO discussed cost-saving strategies, emphasizing portfolio actions and a strong balance sheet that supports share buybacks even in downturns. The company is under-levered historically and expects net debt to decrease with growth and asset sales.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 3:43 pm

CVX

Chevron's CEO Mike Wirth discussed the company's advantaged inventory, with 75% of locations breaking even at or below $50. The Pasadena refinery will shut down this quarter, and capital spending in the Permian Basin is expected to peak this year. The Hess deal requires arbitration to end, and cost-cutting benefits are expected by 2027.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 3:42 pm

AAPL

GSAT

Globalstar has amended its services agreement with Apple to launch an extended MSS network, involving new satellites and infrastructure. Apple will provide a $1.1 billion infrastructure prepayment and purchase a 20% stake in Globalstar for $400 million. The agreement includes equity repurchase provisions, performance-based service fees, and revised debt repayment terms.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 1:37 pm

ASPI

ASP Isotopes has announced a public offering of 2.4 million shares at $6.75 each, raising approximately $16.2 million. The proceeds will be used for corporate purposes and the construction of enrichment facilities in South Africa and Iceland.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 12:57 pm

CSGP

IT

CoStar Group has secured a deal to relocate its headquarters to Arlington, Virginia, by early 2025. As part of the agreement, Gartner paid CoStar a $48 million early termination fee and signed a new lease for 49,000 square feet at 1201 Wilson Boulevard.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 12:36 pm

MSTR

SMLR

Michael Saylor emphasizes MicroStrategy's role as a 'public equity play on Bitcoin maximalism,' highlighting its significant returns from Bitcoin investments. The company's strategy has inspired others like Cathedra Bitcoin and Semler Scientific to adopt similar approaches, focusing on Bitcoin as a treasury asset.

Portfolio Pulse from Murtuza Merchant

November 01, 2024 | 12:19 pm