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Social Buzz: Wallstreetbets Stocks Mixed Pre-Bell Friday; Netflix to Fall, Microsoft to Gain

The most-talked-about stocks in the Reddit subforum Wallstreetbets were mixed hours before Friday's opening bell.Netflix (NFLX) fell more than 10% pre-bell after gaining 0.1% in the previous session.AMD (AMD) was down by 0.3% pre-bell, after a 7.8% gain at Thursday's close.Microsoft (MSFT) was 1.1% higher premarket, after a 2.2% increase from the previous session.Nvidia (NVDA) gained 0.2% premarket, following a 0.3% decrease from Thursday's session.DTE Energy (DTE) was flat in pre-bell hours, after a 0.2% gain from the previous session.Taiwan Semiconductor Manufacturing (TSM) was 1% higher premarket, following a 3.1% decline from Thursday's session.Allbirds (BIRD) fell by 3.9% hours before market open, continuing from a more than 35% fall at Thursday's close.Rocket Lab (RKLB) was up 0.3% in pre-bell activity, after closing Thursday with a 12.7% increase

$AMD$BIRD$DTE$MSFT$NFLX$NVDA$RKLB$TSM

Equities22d ago

Goldman Sachs Adjusts Price Target on Exxon Mobil to $149 From $158, Maintains Neutral Rating

Exxon Mobil (XOM) has an average rating of overweight and mean price target of $164.12, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$XOM

Equities22d ago

Goldman Sachs Adjusts Price Target on Chevron to $211 From $217, Maintains Buy Rating

Chevron (CVX) has an average rating of overweight and mean price target of $212.21, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$CVX

Equities22d ago

Market Chatter: Valero Energy Partially Restarts Operations at its Port Arthur, Texas Oil Refinery

Valero Energy (VLO) has partially restarted operations at its Port Arthur, Texas oil refinery after an explosion and fire on March 23 lead to a shutdown, Reuters reported Thursday, citing two people familiar with the matter.While the production line from the AVU 147 crude distillation unit is operating, Valero is still repairing the heater in the AVU-146 crude distillation unit and keeping that production line shut until the work is complete, according to the report.Valero did not immediately respond to' request for comment on the matter.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$VLO

Equities22d ago

Market Chatter: Exxon Mobil Withdraws Offer to Sell 2 Initial LNG Cargoes From Texas Plant

Exxon Mobil (XOM) has withdrawn an offer to sell two initial cargoes of liquefied natural gas from its Golden Pass export plant in Texas, Reuters reported Thursday citing two people familiar with the decision.The sources did not give a reason for the withdrawal, according to the report.The plant has been operating at about a third of its capacity since it started production late in March, Reuters said citing data from financial firm LSEG.The Golden Pass project, 30% of which is owned by Exxon and 70% by QatarEnergy, has faced delays and cost overruns since its construction began in 2019, the report said.Exxon did not immediately respond to' request for comment on the matter.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$XOM

Equities22d ago

Quantum Helium Raises GBP5 Million via Conditional Share Placing

Quantum Helium (QHE.L) raised 5 million pounds sterling through a conditional share placing for institutional investors.The helium, hydrogen, and hydrocarbon company placed 16,666,666,667 new shares priced at 0.0003 pound apiece, according to a Friday release.The proceeds will be used to finance well planning, procure long-lead items, and design infrastructure for the Sagebrush and Coyote Wash helium projects in Colorado, US, as well as for technical work and as additional working capital.

$QHE.L

Equities22d ago

Pennpetro Energy Names Nonexecutive Co-chairman

London-listed energy projects developer Pennpetro Energy (PPP.L) appointed Ronald Derrickson as nonexecutive co-chairman to support Executive Chairman Richard Spinks.Derrickson is the owner and president of RMD Group, according to a Friday release.

$PPP.L

Equities22d ago

ITM Power, Rheinmetall Partner to Deploy Decentralized Fuel Plants for NATO

ITM Power (ITM.L) is teaming up with Rheinmetall (RHM.F) to develop a network of decentralized synthetic fuel production plants for the North Atlantic Treaty Organization armed forces in Europe.Under the Giga PtX project, the British electrolyzer manufacturer and German defence company plan to deploy "several hundred" decentralized production plants across Europe, according to a Friday release. Each plant is expected to have an electrolysis capacity of up to 50 megawatts and a production capacity of 5,000 to 7,000 tonnes of e-fuel per annum.Initial project focus is on the UK.

$ITM.L$RHM.F

Equities22d ago

RBC Adjusts Forecasts, Price Target for Aker BP Post-Q1 Trading Update

RBC Capital Markets tweaked its earnings estimates and price target for Aker BP (AKRBP.OL) to integrate the oil and gas company's first-quarter trading update and the research firm's adjusted commodity price deck."We have updated our model to reflect that Aker BP produced 398.4 [thousand barrels of oil equivalent per day] in 1Q26, ~87% liquids, slightly lower than 4Q production of 411kboe/d, but in line with consensus expectations. Overlift of 7.3mboe/d and realisations of $82.2 [per barrel] for liquids and $80.5 [per barrel of oil equivalent] for gas both boost earnings and cashflow, adjacent and below. Production remains within the FY26 production guidance range of 370-400kboe/d. The company is scheduled to report 1Q26 results at 5am BST on 7th May. We anticipate the presentation to focus on production performance [year to date] at the Johan Sverdrup field, production guidance, progress at the recently on stream Symra field and the remaining developments, particularly ggdrasil," the research firm said Thursday.As such, analysts raised their earnings projections, including revenue and basic EPS forecasts, for full-year 2026 through 2028.RBC also lifted its price target to 380 Norwegian kroner from 355 kroner, while affirming its outperform rating, to reflect an increase in the research firm's 2026 to 2027 oil price forecasts and an $80 per barrel long-term Brent assumption.

$AKRBP.OL

Equities22d ago

Endúr Unit Bags NOK1.3 Billion Office Building Construction Contract in Norway

Endúr (ENDUR.OL) unit Total Betong secured a 1.25 billion-Norwegian-krone turnkey contract to build the Trivium office building in Stavanger, Norway.The industrial group's subsidiary plans to start on-site construction from the third quarter of 2026, with completion scheduled by the end of the first quarter of 2029, according to a Friday release. Design and engineering will begin immediately.The office building, which will serve as the Norwegian oil and gas company Vår Energi's (VAR.OL) headquarters, is a partnership between K2 Stavanger and real estate company Bane NOR Eiendom.

$ENDUR.OL$VAR.OL

Equities22d ago

Borouge, Wanhua Chemical's Unit to Establish Cracker, Polyethylene Complex JV in China

Borouge (ADX:BOROUGE) and Wanhua Chemical Group's petrochemicals and polyolefins unit, Wanrong New Materials, signed a joint venture deal to develop a cracker and polyethylene complex in Fujian, China.The Abu Dhabi-listed petrochemicals company and its Chinese partner will equally own the joint venture, according to a Friday release. The deal is subject to regulatory approvals.

$ADX:BOROUGE

Equities22d ago

Rex International Unit to Issue Super Senior Bonds to Meet Overdue Obligaations; Shares Zoom 35%

Rex International's (SGX:5WH) subsidiary, Lime Petroleum, will now look to satisfy its overdue cash call obligations through a new super senior bond issue, according to a Thursday filing with the Singapore Exchange.Shares of the oil and gas exploration company surged over 35% in Friday trading.The obligations are linked to licenses on the Norwegian Continental Shelf and will provide additional liquidity runway for the company to continue its operations.Proceeds from the issue will be used for business and operations and are part of Lime's ongoing restructuring process.

$SGX:5WH

Equities23d ago

UBS Adjusts Price Target on Gulfport Energy to $245 From $260, Maintains Buy Rating

Gulfport Energy Corp (GPOR) has an average rating of overweight and mean price target of $244.46, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$GPOR

Equities23d ago

Social Buzz: Wallstreetbets Stocks Mixed Pre-Bell Thursday; Robinhood Markets to Advance, Allbirds to Decline

The most-talked-about stocks in the Reddit subforum Wallstreetbets were mixed hours before Thursday's opening bell.Robinhood Markets (HOOD) advanced by 2% pre-bell, following a 10.4% rise from Wednesday's session.Microsoft (MSFT) was 1.5% higher premarket, after a 4.6% increase from the previous session.Tesla (TSLA) was up 0.7% in pre-bell activity, after closing Wednesday with a 7.6% increase.Allbirds (BIRD) fell by 30% hours before market open, swinging from a 582% rise at Wednesday's close.Taiwan Semiconductor Manufacturing (TSM) was 2.9% lower premarket, following a 1.3% decline from Wednesday's session.DTE Energy (DTE) was down 0.5% in pre-bell hours, after a 0.7% decline from the previous session.Sandisk (SNDK) was 1% lower premarket, after closing Wednesday with a 5.6% fall.Nvidia (NVDA) was down 0.4% premarket, following a 1.2% increase from Wednesday's session.

$BIRD$DTE$HOOD$MSFT$NVDA$SNDK$TSLA$TSM

Equities23d ago

Union Jack Oil Flags Delay in Well Spudding at US Project

Union Jack Oil (UJO.L) said the spudding for the Crossroads well in Oklahoma, US, will be delayed slightly to the end of April, according to operator Reach Oil and Gas.The British oil and gas company said Thursday that the delay was due to rig maintenance requirements. Union Jack Oil holds a 43% stake in the project and has funded its share of drilling costs.

$UJO.L

Equities23d ago

Equinor Expects Upbeat Q1 Results for Marketing, Midstream, Processing Unit

Equinor (EQNR) said Thursday it expects stronger Q1 results in its marketing, midstream, and processing division.The company projects the division's average quarterly adjusted operating income at around $400 million."Result this (Q1) is expected to be above this guidance," Equinor said. "The conflict in the Persian Gulf has driven significant volatility across crude, products and liquids towards the end of the quarter."The company also detailed several other factors supporting the upbeat outlook.Equinor is scheduled to report Q1 results May 6.The company's shares were up 1.3% in premarket activity.

$EQNR

Equities23d ago

Equinor Expects Q1 Adjusted Operating Income from Trading to Top Guidance

Equinor (EQNR.OL) said Thursday it expects its Marketing, Midstream and Processing division to beat its average quarterly adjusted operating income guidance of $400 million.The Norwegian oil and gas company, which is scheduled to report its first-quarter results on May 6, also noted "significant volatility" in crude, products and liquids during the first three months of the year due to the Middle East conflict but said geographic spreads supported gains in Europe.Across the pond, the company said its US gas trading business was "well positioned" from higher prices due to cold spells in late January.

$EQNR.OL

Equities23d ago

S&P Global: Oil Shock Could Undermine Asian Pacific Bonds

About one-seventh of Asian Pacific corporate bonds outstanding could come under pressure if the Persian Gulf war and higher oil prices persist, S&P Global reported Thursday."A prolonged oil shock could undermine the credit quality of 15% of rated Asia-Pacific corporates tested under our downside scenario," advised S&P Global. "That's up from 9% under our base case of a quicker end to war."The Asia-Pacific is more exposed to a Middle-East related energy shock than most other regions, and vulnerable to "disruptions to energy and raw material supplies, demand destruction, margin compression, and working capital volatility," advised S&P Global.Nearly 90% of the crude oil shipped through the Strait of Hormuz is bound for Asia, and Persian Gulf petroleum accounts for about 40% of Asia-Pacific's energy imports, noted the credit-rating agency.In Asia, industries and enterprises that rely on jet fuel, diesel, and liquified petroleum gas (LPG) "face the highest shortage risk," reported S&P Global.Business sectors most affected include chemicals, downstream oil and gas, airlines, automobile-manufacturing, engineering and construction, and building materials.In terms of nations, South Korea, Japan, and mainland China "have largely mitigated near-term supply disruption," through use of adequate reserves, but "other countries have had to announce various measures to manage a potential energy supply crunch," said S&P Global.Not only corporates, but some sovereign bonds could be affected if high prices persist.The Philippines sovereign credit-rating was reduced to BBB+ "stable" from "positive" last week, due to exposure to oil shocks, said S&P Global.

$^HSI$^JKSE$^KS11$^N225$^PSEi$^SET$^SSEC$^TWII

Equities23d ago

Energy Fuels Appoints Ross Bhappu CEO

Energy Fuels (UUUU) said Wednesday it appointed President Ross R. Bhappu as its chief executive.Bhappu succeeds Mark S. Chalmers, who is retiring as Energy Fuels' CEO, the critical materials company said, adding that the retiring CEO has agreed to serve as exclusive uranium and rare earth consultant for two years.Shares of the company were up 2.6% in Thursday premarket activity.

$UUUU

Equities23d ago

Repsol Reaches Deal to Boost Oil Production in Venezuela

Repsol (REP.MC) will increase oil production in Venezuela and regain control of an oil asset in the country as part of a deal with the government.The agreement with the Venezuelan Ministry of Hydrocarbons and the state-owned Petróleos de Venezuela will allow Repsol to reassume operational control of the Petroquiriquire oil asset and guarantee payment mechanisms, according to a Thursday release.The Spanish oil and gas giant's gross oil production in Venezuela stands at 45,000 barrels per day, mainly from the Petroquiriquire joint venture, in which it holds a 40% stake. Petróleos de Venezuela owns the remaining 60%.Repsol plans to increase production in the country by 50% within 12 months and to triple it over the next three years. Repsol said the deal is within the scope of a license issued by the US administration.

$REP.MC

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