Comstock Inc. to Acquire Quantum Generative Materials, Pioneering AI-Driven Materials Discovery

Key Points:
– Comstock Inc. has acquired Quantum Generative Materials (GenMat), gaining control of its AI-driven materials discovery platform and technical team, with a focus on energy applications.
– GenMat’s AI technology enables the discovery of new materials in much shorter timeframes, helping Comstock accelerate its decarbonization efforts and innovations in metals, mining, and fuels.
– Comstock plans to integrate and commercialize GenMat’s technology efficiently.

Comstock Inc. (LODE) has announced the acquisition of Quantum Generative Materials (GenMat), marking a strategic investment in artificial intelligence for advancing materials discovery, particularly in energy applications. As part of the acquisition, Comstock will gain substantially all of GenMat’s equity, including its proprietary AI-driven materials discovery platform, synthesis technologies, and most of its technical team.

Strengthening AI Capabilities for Materials Science

GenMat’s breakthrough AI platform is designed to generate new atoms, molecules, and physical systems for a wide range of material applications. By combining physics and chemistry knowledge with proprietary synthetic datasets, GenMat dramatically reduces the time required for materials discovery compared to traditional methods. This acquisition will enable Comstock to accelerate the development of new technologies focused on decarbonizing energy and other key industries.

“Our interest in GenMat was and remains grounded in the critical need for AI in materials science and mineral discovery for breakthrough energy applications,” said Corrado De Gasperis, Comstock’s Executive Chairman and CEO. “This acquisition allows us to address large market opportunities with innovative AI-driven solutions.”

Expanding Comstock’s Innovation Capacity

Kevin Kreisler, Comstock’s Chief Technology Officer, emphasized the acquisition’s impact on the company’s strategic direction. “Focusing on GenMat’s competencies in materials science and computational chemistry, combined with cutting-edge AI technologies, will strengthen our competitive edge across our metals, mining, and fuels businesses,” Kreisler stated. “This acquisition expands our innovation capacity and reinforces our commitment to systemic decarbonization.”

Streamlining the Acquisition and Future Plans

Comstock’s original 2021 investment agreement with GenMat was a milestone-based deal worth $50 million for 50% of GenMat’s equity. With this new acquisition, all prior agreements between the two companies have been terminated. Comstock expects to integrate and commercialize GenMat’s AI platform efficiently, reinforcing its position in the materials science and energy sectors.

Watch Comstock’s fireside chat from Noble’s Emerging Growth Basic Industries Virtual Conference

Brent Crude Extends Gains as Markets Fear Potential Israel Strike on Iran

Key Points:
– Brent crude oil prices are rising as markets speculate on a potential Israeli strike against Iran’s oil infrastructure, particularly Kharg Island, which handles 90% of Iran’s crude exports.
– A worst-case scenario would involve disruption in the Strait of Hormuz, a critical passage for 20% of the world’s crude oil exports, which could cause a dramatic spike in oil prices.
– While OPEC+ has enough spare capacity to offset supply disruptions from an Israeli strike, it may struggle if Iran retaliates, adding further uncertainty to the energy markets.

Brent crude oil extended its gains today, driven by rising fears that Israel could launch a retaliatory strike on Iran’s oil infrastructure following Tehran’s recent ballistic missile attack. Markets are increasingly concerned that such an attack could disrupt the flow of oil from one of the world’s most critical regions for crude exports.

Concerns Over Key Oil Choke Points

Israel’s retaliation, though not yet clearly defined, has analysts worried about the potential impact on Iran’s oil exports, especially if Israel targets Kharg Island, where 90% of Iran’s crude oil exports pass through. A strike there would have significant consequences on global oil supply, sending prices higher. However, the worst-case scenario would involve a strike on the Strait of Hormuz, through which 20% of the world’s crude oil flows, which would cause a dramatic spike in crude prices.

U.S. President Joe Biden has urged Israel to avoid targeting Iranian oil facilities, following his previous opposition to a strike on Iran’s nuclear sites.

Oil Prices Surge on Market Speculation

Brent crude prices surged last week, marking the steepest increase since early 2023. Activity in the options market has also shown increased demand for hedging against the risk of further gains, reflecting market fears of a supply disruption. Despite these gains, Brent crude is still trading below last year’s price of $88 per barrel, when the current conflict in the Middle East began.

OPEC+ Supply and Market Outlook

As OPEC+ prepares to raise production in December following years of output cuts, analysts believe the group has enough spare capacity to offset any supply disruptions caused by an Israeli attack on Iranian oil facilities. However, concerns linger that OPEC+ could face challenges if Iran retaliates, potentially leading to further volatility in oil markets.

While some analysts see an attack on Iranian oil infrastructure as a less likely response from Israel, the broader geopolitical tensions and risks of wider conflict are adding uncertainty to the energy markets.

Apollo Global to Take Barnes Group Private in $3.6 Billion Deal

Key Points:
– Apollo Global Management is acquiring Barnes Group in a $3.6 billion all-cash deal, providing shareholders with $47.50 per share, a 22% premium over the June 25, 2024 share price.
– The transaction is expected to close by Q1 2025, after which Barnes will be delisted from the NYSE and become a privately held company.
– Apollo plans to support Barnes in its continued innovation and long-term growth across its aerospace and industrial sectors.

Barnes Group Inc. (NYSE: B) announced today that it has entered into a definitive agreement to be acquired by funds managed by Apollo Global Management, Inc. (NYSE: APO) in an all-cash transaction valued at approximately $3.6 billion. Under the terms of the agreement, Barnes shareholders will receive $47.50 per share, representing a 22% premium over the company’s undisturbed closing share price on June 25, 2024.

A Strategic Move for Growth

The deal delivers immediate and certain cash value to Barnes shareholders while positioning the company to continue serving its customers in the aerospace and industrial sectors. Apollo Global Management, a global alternative asset manager with over 35 years of investment experience, is committed to helping companies like Barnes achieve long-term sustainable growth. Apollo has a proven track record of investing in leading businesses and positioning them for future success.

“This transaction will enable Barnes to continue meeting and exceeding our customers’ needs with innovative aerospace and industrial products, systems, and solutions,” a Barnes spokesperson stated.

Barnes to Be Delisted and Taken Private

Upon completion of the transaction, which is expected by the end of Q1 2025, Barnes will be delisted from the New York Stock Exchange and become a privately held company. The deal is subject to customary closing conditions, including approval by Barnes shareholders and regulatory approval.

About Barnes Group

Founded in 1857 and headquartered in Bristol, Connecticut, Barnes Group Inc. has built a reputation for pioneering excellence in advanced manufacturing processes, automation solutions, and applied technologies across various industries. Barnes Aerospace specializes in producing and servicing complex components for commercial and military turbine engines, while Barnes Industrial focuses on engineered plastics and industrial automation solutions.

About Apollo Global Management

Apollo Global Management is a high-growth, global asset manager with approximately $696 billion in assets under management as of June 30, 2024. Apollo’s investment strategies span a wide spectrum, from investment-grade to private equity, focusing on delivering excess returns for its clients. The company has a long history of providing capital solutions to businesses, helping them grow and achieve financial security.

Coeur Mining Announces Acquisition of SilverCrest Metals in a $1.7 Billion Deal

Key Points:
– Coeur Mining has agreed to acquire SilverCrest Metals in a $1.7 billion deal, offering a 22% premium to SilverCrest shareholders.
– The combined company is expected to produce 21 million ounces of silver and 432,000 ounces of gold in 2025, with significant free cash flow generation.
– SilverCrest’s high-grade Las Chispas mine will enhance Coeur’s cost structure and accelerate its deleveraging efforts, reducing its leverage ratio by 40%.

Coeur Mining, Inc. (NYSE: CDE) and SilverCrest Metals (NYSE: SILV) have announced they have entered into a definitive agreement where Coeur will acquire all issued and outstanding shares of SilverCrest in a transaction valued at approximately $1.7 billion. The acquisition will take place through a court-approved plan of arrangement, with SilverCrest shareholders set to receive 1.6022 Coeur common shares for each SilverCrest share, implying a total consideration of $11.34 per share—a 22% premium over SilverCrest’s closing price on October 3.

A Strategic Union to Create a Global Silver Leader

The acquisition is expected to transform Coeur into a leading global silver company. By integrating SilverCrest’s flagship Las Chispas mine in Sonora, Mexico, with Coeur’s existing operations—including its expanded Rochester mine in Nevada and Palmarejo mine in Mexico—the combined company aims to produce a peer-leading 21 million ounces of silver and 432,000 ounces of gold in 2025.

The acquisition is projected to deliver significant value for Coeur shareholders through expanded production capacity and improved financial metrics. Coeur anticipates the combined company will generate approximately $700 million in EBITDA and $350 million in free cash flow by 2025, with lower costs and higher margins thanks to the low-cost nature of SilverCrest’s assets.

Accelerating Coeur’s Deleveraging Strategy

A key benefit of the transaction is the immediate impact on Coeur’s balance sheet. SilverCrest’s solid financial standing, which includes $122 million in total treasury assets, no debt, and a strong cash flow profile, is expected to drive Coeur’s deleveraging efforts. The deal is anticipated to reduce Coeur’s leverage ratio by 40% upon closing, enhancing the company’s ability to reduce debt and strengthen its overall financial position.

Mitchell J. Krebs, Chairman, President, and Chief Executive Officer of Coeur Mining, commented:
“The acquisition of SilverCrest creates a leading global silver company by adding low-cost silver and gold production and significant free cash flow to our rapidly growing production and cash flow, driven by the recent expansion of our Rochester silver and gold mine in Nevada.”

SilverCrest’s High-Quality Assets to Bolster Coeur’s Portfolio

SilverCrest’s Las Chispas underground mine, one of the world’s highest-grade, lowest-cost silver and gold operations, has shown exceptional operational performance since starting production in 2022. In 2023, the mine produced 10.25 million silver equivalent ounces at an average cash cost of $7.73 per ounce, demonstrating strong financial results and operational efficiency. Coeur expects Las Chispas to significantly improve its overall cost and margin profile while enhancing free cash flow generation.

N. Eric Fier, Chief Executive Officer and Director of SilverCrest, said:
“I feel confident that the Coeur team will extend this track record of success at Las Chispas. This transaction provides our shareholders with an immediate premium and the opportunity to be part of a growing U.S.-based silver and gold company with tremendous upside potential.”

Fier will continue his involvement as a director of Coeur, helping guide the future of the combined entity.

Closing Conditions and Expected Timeline

The transaction remains subject to customary regulatory approvals, including Mexican antitrust approval and the approval of Coeur shares to be listed on the NYSE. Shareholder and court approvals are also required, with the transaction expected to close by the end of the first quarter of 2025, provided all conditions are met.

About Coeur Mining

Coeur Mining, Inc. is a well-diversified U.S.-based precious metals producer with operations across North America, including the Palmarejo gold-silver complex in Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, and the Wharf gold mine in South Dakota. The company is committed to increasing production while maintaining financial strength and reducing leverage.

About SilverCrest Metals

SilverCrest Metals is a Canadian precious metals producer headquartered in Vancouver, focused on its Las Chispas operation in Sonora, Mexico. The company has a strong track record of taking projects from discovery to production, delivering high-grade, low-cost silver and gold, and remains committed to expanding its resources and reserves to operate multiple silver-gold mines in the Americas.

Major U.S. Port Strike Suspended After Workers Agree to Tentative Wage Deal

Key Points:
– The major port strike on the U.S. Atlantic and Gulf coasts has tentatively ended after dock workers agreed to a 62% pay raise over six years.
– The current contract has been extended through January 15, 2025, allowing time for further negotiations, particularly over unresolved issues like the use of automated machinery.
– The brief strike disrupted supply chains, with billions of dollars of goods stranded offshore, but the immediate threat to inflation and layoffs has been averted with the resumption of port operations.

The major port strike that disrupted shipping operations along the U.S. Atlantic and Gulf coasts this week has come to a tentative resolution. Workers represented by the International Longshoremen’s Association (ILA) reached a tentative agreement on wages and a contract extension, temporarily halting the strike that had begun early Tuesday morning.

Tentative Deal Reached After Intense Negotiations

Under the tentative agreement, dock workers would receive a 62% pay raise over six years. The union had originally pushed for a 77% wage increase, while the shipping industry group initially offered 50%. Yesterday’s offer came after pressure from the Biden administration to raise wages and expedite a resolution.

The agreement extends the current contract until January 15, 2025, providing time for both sides to negotiate the new long-term contract. The strike had raised significant concerns over the supply of essential goods like fruits and automobiles and threatened to exacerbate inflation if prolonged.

Immediate Return to Work

The ILA and USMX issued a joint statement on Thursday evening, confirming that all job actions would cease immediately, and work covered under the Master Contract would resume. Despite the wage deal, some major issues remain unresolved, particularly around the use of automated machinery, a sticking point that will feature prominently in upcoming negotiations.

Economic Impact and Supply Chain Disruptions

This week’s brief strike marked the first time the ILA had walked out since 1977. The impact of the strike was already being felt across industries, with thousands of shipping containers diverted to incorrect ports and billions of dollars’ worth of goods left stranded offshore. A longer strike could have increased inflationary pressures on consumer goods and triggered layoffs due to supply chain disruptions. However, with operations resuming, the immediate threat to supply chains has been averted, and attention now shifts to the longer-term contract negotiations that will determine the future of port labor relations.

Jobs Report Exceeds Expectations, with 254,000 Jobs Added

Key Points:
– The U.S. economy added 254,000 jobs in September, beating forecasts and driving the unemployment rate down to 4.1%.
– Average hourly earnings rose by 0.4% for the month, marking a 4% increase year-over-year, both exceeding estimates.
– The strong jobs report could lead the Federal Reserve to adopt a more gradual pace in reducing interest rates, signaling economic resilience despite moderating hiring trends.

The U.S. economy added 254,000 jobs in September, significantly surpassing the 150,000 consensus forecast and marking a sharp increase from the revised 159,000 jobs added in August. The unemployment rate fell to 4.1%, down from 4.2% in the prior month, as labor market conditions strengthened. Average hourly earnings also outperformed expectations, rising 0.4% in September, which brought the annual increase in wages to 4%.

Strong Job Gains Across Key Sectors

Food services and drinking places saw the largest growth, adding 69,000 jobs in September, followed by healthcare, which added 45,000 positions. Government jobs also contributed to the overall increase, ticking up by 31,000. The labor force participation rate remained unchanged at 62.7%, reflecting stability in workforce engagement despite the notable job gains.

Implications for the Federal Reserve’s Rate Path

This robust jobs report could ease concerns about the strength of the U.S. labor market and likely solidify the Federal Reserve’s stance on slowing the pace of interest rate reductions. The consistent improvement in key labor metrics may allow the Fed to take a more gradual approach, avoiding sharp rate cuts while still maintaining flexibility based on future economic data.

Earlier this week, Federal Reserve Chair Jerome Powell remarked that while the labor market remained solid, it had clearly cooled compared to last year. With hiring rates moderating and new claims for unemployment holding steady, Powell’s comments may align with the Fed’s cautious stance, even as stronger-than-expected jobs data shows resilience.

Historical Context: Jobs Reports and Market Movements

Historically, U.S. jobs reports play a pivotal role in shaping market expectations and influencing Federal Reserve policy. A stronger-than-anticipated jobs report like this one can drive investor confidence, often leading to a rally in equities and bond markets. Conversely, when labor market data shows signs of weakness, it can spark fears of an economic downturn, leading to volatility.

For the Federal Reserve, robust jobs reports often signal that the economy can withstand tighter monetary policies, such as higher interest rates, to combat inflation. However, when employment data weakens, it can prompt the Fed to ease its stance by reducing interest rates to stimulate growth. In this case, today’s report, with stronger-than-expected results across the board, may temper the pace of rate cuts, as the economy shows signs of resilience amid cooling inflationary pressures.

Noble Capital Markets Emerging Growth Basic Industries Virtual Conference Presenting Companies

The NobleCon20 VIP Giveaway – Entry Form

Please complete the form, in its entirety, to enter the NobleCon20 VIP Giveaway. The winner will be notified on November 1, 2024.

To complete your entry, please provide a valid email address and verify your new Channelchek account by clicking the verification link sent to your email.

Noble Capital Markets Investor Events

Noble Capital Markets, a full-service SEC / FINRA registered broker-dealer, dedicated exclusively to serving emerging growth companies, hosts a wide range of investor events throughout the year, including non-deal roadshows and 1×1 days around the United States and virtually, a multi-sector virtual equity conference, and Noble’s flagship in-person equity conference, NobleCon.

Upcoming Events

Noble Capital Markets Emerging Growth Virtual Equity Conference

June 3-4, 2026
Presenting Company Registration is Now Open!

Set to be an immersive experience, bringing together investors, industry leaders, and experts from middle market public companies across all sectors. Featuring:

  • Corporate presentations with Fireside-style Q&A session proctored by Noble’s analysts and bankers
  • Scheduled 1×1 meetings with qualified investors
  • Up to 50 presenting companies, representing a wide array of sectors.


2026 – 2027 Conferences

February 4-5Virtual Equity Conference
June 3-4 – Virtual Equity Conference
October 1-2 – Virtual Equity Conference
December (TBD) – Virtual Equity Conference
NobleCon22 – February 15-16, 2027


In-Person Non-Deal Roadshows

  • Noble hosts in-person and virtual meetings with executives from companies listed on Channelchek
  • Meetings take place throughout the United States and worldwide (virtually)
  • Open to qualified investors of all levels and registered representatives
  • Events include:
    – Breakfasts
    – Lunches
    – Cocktail Receptions
    – 1×1 days
  • Free to attend – no cost and no obligation to invest
  • Limited seating available

👉 Click here to view the calendar and request attendance


NobleCon21

December 2-3, 2025 | Boca Raton, FL
The 2025 installment of Noble’s annual in-person emerging growth equity conference featured:

  • The Wall Street South Experience and First Annual Golden Bull Awards – the official NobleCon21 Kickoff Networking Party
  • Wakeup Call with Bret Baier – a rare fireside chat with one of the world’s most trusted Journalists
  • A full day of corporate presentations (replays available at the link below) and 1×1 meetings with c-suite executives and qualified investors
  • A wind-down cocktail reception
  • Endless networking opportunities

Our events team is planning something special for NobleCon22. Click the link below to stay informed.


Past Virtual Equity Conferences

In 2025, Noble hosted 2 virtual equity conferences, featuring emerging growth public company executive presentations from a variety of sectors, Q&A sessions moderated by Noble’s Research Analysts, and scheduled 1×1 meetings with qualified investors.

If you missed out on any of the virtual conferences this year, replays of the corporate presentations and moderated Q&A sessions are available to registered Channelchek members, at the links below.

Noble Capital Markets Emerging Growth Virtual Equity Conference – February 2026 – Presentation Replays

Noble Capital Markets Emerging Growth Virtual Equity Conference – October 2025 – Presentation Replays

Noble Capital Markets Emerging Growth Virtual Equity Conference – June 2025 – Presentation Replays

Noble Capital Markets Emerging Growth TMT / Consumer Conference Presentation Replays

All company presentation replays will be posted here 24-48 hours following the event. Access to the presentation / Q&A is available exclusively to Channelchek members. Channelchek is a free investor community. All it takes is a name and verified e-mail address. Click the button below to register:

Alliance Entertainment (AENT)
Watch the Replay
Bioharvest Sciences (CNVCD)
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Bit Digital (BTBT)
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Charles River Associates (CRAI)
Watch the Replay
Comtech Telecommunications (CMTL)
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D-Wave Quantum (QBTS)
Watch the Replay
Expion360 (XPON)
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FAT Brands (FAT)
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Genius Group (GNS)
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Global Crossing Airlines (JETMF)
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GoHealth (GOCO)
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Information Services Group (III)
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inTEST (INTT)
Watch the Replay
Orion Energy Systems (OESX)
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Perfect Corp. (PERF)
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Resources Connection (RGP)
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Safety Shot (SHOT)
Watch the Replay
Schwazze (SHWZ)
Watch the Replay
SKYX Platforms (SKYX)
Watch the Replay
Steelcase (SCS)
Watch the Replay
Townsquare Media (TSQ)
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Vince Holding (VNCE)
Watch the Replay
Vishay Precision Group (VPG)
Watch the Replay

  • Emerging Growth Public TMT/Consumer Company Executive Presentations
  • Q&A Sessions Moderated by Noble’s Analysts
  • Scheduled 1×1 Meetings with Qualified Investors

Noble Capital Markets, a full-service SEC / FINRA registered broker-dealer, dedicated exclusively to serving emerging growth companies, is pleased to present the Consumer, Communications, Media, and Technology Emerging Growth Virtual Equity Conference, taking place June 26th and 27th, 2024. This virtual gathering is set to be an immersive experience, bringing together a unique blend of investors, industry leaders, and experts in the consumer, communications, media, and technology sectors..

Part of Noble’s Robust 2024 Events Calendar

The Consumer, Communications, Media, and Technology Emerging Growth Virtual Equity Conference is part of Noble’s 2024 event programming, featuring a range of c-suite interviews, in-person non-deal roadshows throughout the United States, two other sector-specific virtual equity conferences, and culminating in Noble’s preeminent in-person investor conference, NobleCon20, to be held at Florida Atlantic University in Boca Raton, Florida December 3-4. Keep an eye out for the official press release on NobleCon20 coming soon.

Check out the calendar of upcoming in-person non-deal roadshows here.

Sign up to receive more information on Noble’s other virtual conferences here.

What to Expect

The Consumer, Communications, Media, and Technology Emerging Growth Virtual Equity Conference will feature 2 days of corporate presentations from up to 50 innovative public consumer, communications, media, and technology companies, showcasing their latest advancements and investment opportunities. Each presentation will be followed by a fireside-style Q&A session proctored by one of Noble’s analysts or bankers, with questions taken from the audience during the presentation. Panel presentations are planned, featuring key opinion leaders in these sectors, providing valuable insights on emerging trends. Scheduled one-on-one meetings with public company executives, coordinated by Noble’s dedicated Investor Outreach team, are also available to qualified investors.

Why Your Company Should Present

Looking to increase awareness in your company and increase liquidity? Paid participation in Noble’s investor conferences, both virtual and in-person, provides that opportunity, with a tailored experience aimed at delivering substantial value. After 40 years of serving emerging growth companies, and the investors who follow them, Noble has built an investor base eager to discover where the next success story lies.

Noble’s investor base is relevant and, in many cases, new to your company. Noble’s dedicated Investor Outreach team provides unmatched exposure to investors that can invest in your company, including small money managers, family offices, RIAs, wealth managers, self-directed investors, and institutions. Most of Noble’s investors specifically seek undervalued, overlooked, emerging investment opportunities.

The cost to present includes your corporate presentation with a Q&A session proctored by one of Noble’s analysts or bankers, a webcast recording, scheduled 1×1 meetings with qualified investors, and marketing on Channelchek.

Benefits for Investors

Hear directly from the c-suite of the next innovators in consumer, communications, media, and technology and learn about new investment opportunities. The Q&A portion of each presentation gives you the opportunity to have your questions answered during or after the proctored session. The planned panel presentations are sure to provide expert insight on growing trends in the healthcare space. And, for qualified investors, one-on-one meetings are available with company executives; scheduled by Noble’s dedicated Investor Outreach team. All from the comfort of your own desk, and at no cost.

How to Register

If you have any questions about presenting, please contact events@noblecapitalmarkets.com

Investor / Guest attendees can register here

Interested in becoming a sponsor of Noble’s virtual and in-person investor conferences?

Contact events@noblecapitalmarkets.com for sponsorship information.

NobleCon20 Investor / Attendee Registration Information

Investor / Attendee registration for NobleCon20 – Noble Capital Markets’ 20th Annual Emerging Growth Equity Conference – is now open!

Your paid registration includes access to all NobleCon20 events, including company presentations, scheduled 1×1 meetings with corporate executives (for qualified investors only), opening panels on both days, the headlining event featuring 2 of the original “Sharks” from ABC’s Shark Tank, and the Tuesday evening “After” networking hangar party. Registration also includes lunch on both days of the conference.

Investor / Attendee registration for NobleCon20 is $399 – As a Channelchek member you are entitled to a $250 discount – simply enter code CCMEMBERDISC at checkout.

Also Available: VIP “Shark” Package – Exclusive Seating and Meet & Greet

World famous investors and stars of the ABC hit series Shark Tank will hit the NobleCon stage for a first – following a moderated fireside chat, venture capitalist “Mr. Wonderful,” Kevin O’Leary, information tech mogul Robert Herjavec, and FUBU founder Daymond John will travel down “Alligator Alley” to adjudicate a selection of pitches from the business community and Florida Atlantic students and alumni. This is your opportunity for best-in-the-house seating in the auditorium (seats 2400) and an EXCLUSIVE MEET & GREET / PHOTO OP with the “Sharks,” immediately following the stage event. Strictly limited to 100. $750 per person.

InPlay Oil (IPOOF) – Expectations for the Remainder of 2024


Monday, July 08, 2024

InPlay Oil is a junior oil and gas exploration and production company with operations in Alberta focused on light oil production. The company operates long-lived, low-decline properties with drilling development and enhanced oil recovery potential as well as undeveloped lands with exploration possibilities. The common shares of InPlay trade on the Toronto Stock Exchange under the symbol IPO and the OTCQX Exchange under the symbol IPOOF.

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Looking ahead. While first quarter production was 5% lower than the prior year period, we expect a stronger second quarter due to wells that went into production in late March and early April and stronger crude oil prices. InPlay plans to drill and bring new production online in the third quarter of 2024 that is focused on high oil-weighted properties. The oil-weighted production from new wells is expected to benefit from higher realized oil prices forecasted for the balance of the year.

Updating estimates. We have increased our 2024 and 2025 EPS estimates to $0.18 and $0.26, respectively, from $0.16 and $0.23. Our estimates reflect modestly higher production in the second and third quarters of 2024 and higher crude oil prices. We forecast adjusted funds flow of $91.0 million in 2024 and $99.4 million in 2025. Depending on the company’s production profile, we think our estimates may prove conservative.


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Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Harte Hanks (HHS) – Recent Move Improves Free Cash Flow


Monday, July 08, 2024

Harte Hanks (NASDAQ: HHS) is a leading global customer experience company whose mission is to partner with clients to provide them with CX strategy, data-driven analytics and actionable insights combined with seamless program execution to better understand, attract, and engage their customers. Using its unparalleled resources and award-winning talent in the areas of Customer Care, Fulfillment and Logistics, and Marketing Services, Harte Hanks has a proven track record of driving results for some of the world’s premier brands including Bank of America, GlaxoSmithKline, Unilever, Pfizer, HBOMax, Volvo, Ford, FedEx, Midea, Sony, and IBM among others. Headquartered in Chelmsford, Massachusetts , Harte Hanks has over 2,500 employees in offices across the Americas, Europe and Asia Pacific .

Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.

Jacob Mutchler, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Terminating pension plan 1. On June 25, the company announced it had executed its plan to terminate its Qualified Pension Plan 1. Notably, the company made a one time contribution of $6.1 million to the plan and transferred $71.9 million of plan assets to Nationwide. The company will make payments to plan members until July 31, and will have no further payment obligations beginning on August 1. We view the successful termination of Plan 1 as a favorable development that should positively impact cash flow.

Benefits of termination. With the termination of  Plan 1 the company’s pension liability payment is expected to be approximately $1.2 million annually, which is a significant reduction from previous years. Prior to the termination of Plan 1, the company was contributing $3.0 million – $4.0 million annually to pension liabilities.


Get the Full Report

Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.