Author: Admin

Developer

Crypto’s Ledger Technology is Keeping Track of Stock Ownership

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Image Credit: Marco Verch (Flickr)


Why Blockchain May Now be Keeping Tabs on that Stock You Just Bought

If you’re invested in stocks that clear or settle in the U.S., it’s extremely likely the Depository Trust and Clearing Corp. (DTCC) has been entrusted with keeping your assets safe. So when the DTCC announced progress on Project Ion this week, a move that introduces distributed ledger blockchain technology into trade clearing and tracking, the success or failure will impact you and perhaps the speed and accuracy of change in recorded ownership of shares. It also would be seen as a nod by a quasi-government entity to recording asset ownership using crypto.

 

About Project Ion

The Project Ion platform was developed as an alternative test settlement platform that is implemented with distributed ledger technology (DLT). It is now live, running parallel with standard DTCC settlements for DTCC members. Project Ion is currently processing an average of over 100,000 equity transactions per day and almost 160,000 transactions on peak days. While in parallel production, DTCC standard settlement systems remain the authoritative record.

The project was launched in 2020 and is testing on a small fraction of the billions of shares that change hands each day.

“Digitized assets and emerging technology like DLT are shaping and evolving the financial services landscape, and we remain committed to advancing innovative solutions that capitalize on opportunities, deliver new value and drive the industry forward,” said Murray Pozmanter, managing director and president of DTCC Clearing Agency Services.


Ramifications of Crypto Settlement

As a member of the Federal Reserve and counterparty to the major U.S. exchanges and markets, DTCC clears and settles virtually all broker-to-broker securities transactions, including registered stocks, listed corporate, muni bonds, and UIT trades in the country; the transaction volume is enormous.

The DTCC, a subsidiary of the Depository Trust Company (DTC) has always been out front adopting new technology in order to help improve speed and accuracy of trade settlements. Without the DTC we’d all still be taking physical delivery of stock certificates.

It is now looking to implement crypto-style tracking and is running live testing of a private blockchain to see whether it’s sufficient to clear and settle transactions in the $40 trillion equities market. This could also help move toward faster settlements and fewer securities lending issues.

Not to be overlooked this is a huge milestone for the blockchain technology. Traditional finance’s most trusted and relied upon center is embracing the ledger technology, the same technology that forms the foundation of bitcoin (BTC), Ethereum (ETH) and NFTs.   

Settling stock trades in the U.S. currently takes two days (T+2), which, when compared to the speed of cryptocurrency settlement, is like comparing travel by plane to travel on horseback. High-speed trading, done in fractions of a second, but settling in T+2 is clumsy and needs to improve. Last year brokers were forced to restrict meme stocks from trading because of a $3 billion collateral request from DTCC, which stockpiles money as a safeguard in case something bad happens during the two days while it’s processing a trade. Robinhood and others became involved in lawsuits as the restrictions had costs for their clients.

The U.S. Securities and Exchange Commission (SEC) has proposed speeding up stock settlement times to something called T+0, or same day as executed. Last year, Robinhood (HOOD) CEO Vlad Tenev said that T+0 would’ve prevented volatile markets like those seen with meme-trader favorites GameStop (GME) and AMC (AMC).

Project Ion is private and permissioned and has been developed with large financial firms, including BNY Mellon (BK), Charles Schwab (SCHW), Barclays (BCS), Citadel Securities, Citigroup (C) and Credit Suisse (CS). DTCC partnered with software provider R3 to launch Project Ion using R3’s Corda distributed ledger technology (DLT) software.

 

Take Away

Without DTC, which is the parent of DTCC, all public market trading on Wall Street literally stops. DTC is registered as a clearing agency with the Securities and Exchange Commission, but they are the clearing partner for all the major clearing houses. Organized as a limited purpose trust company under the New York Banking law and a member of the Federal Reserve System, they have quasi-government status. Its foray into using distributed ledger technology to clear trades shows acceptance of blockchain at the highest levels in finance and may one day make T+0 possible.

Paul Hoffman

Managing Editor, Channelchek

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Sources

https://www.dtcc.com/news/2022/august/22/project-ion

https://www.cftc.gov/sites/default/files/stellent/groups/public/@otherif/documents/ifdocs/dtccjurisdictionnar.pdf

https://www.sec.gov/rules/concept/s71502/ddirks1.htm

https://www.dtcc.com/clearing-services#:~:text=As%20the%20central%20counterparty%20for,handle%20today’s%20enormous%20trading%20volumes.


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Lifeway Foods (LWAY) – A Healthy Food Alternative

Posted on by Admin

Tuesday, August 23, 2022

Lifeway Foods (LWAY)
A Healthy Food Alternative

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

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

Initiating Coverage. We are initiating research coverage on Lifeway Foods, Inc. with a Market Perform rating. Lifeway is the largest producer and marketer of kefir in the U.S. and an important player in the broader probiotic-based products and natural “better for you” foods. We believe Lifeway is well positioned to leverage its dominant kefir position into ancillary products and distribution channels. We should note, given an accounting error from 2009, Lifeway has yet to release operating results for the first and second quarters of 2022. We believe the issue to be satisfactorily resolved and expect the quarterly results to be released shortly. 

What Is Kefir? Originating in the North Caucasus 
region, 
kefir is a fermented milk drink similar to a thin yogurt or ayran that is made from kefir grains, a specific type of mesophilic symbiotic culture. Lifeway Kefir is tart and tangy as well as high in protein, calcium and vitamin D. As a result of the Company’s exclusive blend of kefir cultures, each cup of Lifeway kefir contains 12 live and active cultures and 25 to 30 billion beneficial CFU (Colony Forming Units) at the time of manufacture.…

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. 

Element79 Gold Corp. (ELMGF) – Contemplating Upcoming Catalysts

Posted on by Admin

Tuesday, August 23, 2022

Element79 Gold Corp. (ELMGF)
Contemplating Upcoming Catalysts

Element79 Gold is a mineral exploration company focused on the acquisition, exploration and development of mining properties for gold and associated metals. Element79 Gold has acquired its flagship Maverick Springs Project located in the famous gold mining district of northeastern Nevada, USA, between the Elko and White Pine Counties, where it has recently completed a 43-101-compliant, pit-constrained mineral resource estimate reflecting an Inferred resource of 3.71 million ounces of gold equivalent* “AuEq” at a grade of 0.92 g/t AuEq (0.34 g/t Au and 43.4 g/t Ag)) with an effective date of Feb. 4, 2022. The acquisition of the Maverick Springs Project also included a portfolio of 15 properties along the Battle Mountain trend in Nevada, which the Company is analyzing for further merit of exploration, along with the potential for sale or spin-out. In British Columbia, Element79 Gold has executed a Letter of Intent to acquire a private company which holds the option to 100% interest of the Snowbird High-Grade Gold Project, which consists of 10 mineral claims located in Central British Columbia, approximately 20km west of Fort St. James. In Peru, Element79 Gold has signed a letter of intent to acquire the business and assets of Calipuy Resources Inc., which holds 100% interest in the past-producing Lucero Mine, one of the highest-grade underground mines to be commercially mined in Peru’s history, as well as the past-producing Machacala Mine. The Company also has an option to acquire 100% interest in the Dale Property which consists of 90 unpatented mining claims located approximately 100 km southwest of Timmins, Ontario, Canada in the Timmins Mining Division, Dale Township.

Mark Reichman, Senior Research Analyst, Natural Resources, Noble Capital Markets, Inc.

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

Near-term catalysts. Upcoming catalysts include: 1) completion of a previously announced private placement to fund work programs through the balance of 2022, 2) potential monetization of properties within the Battle Mountain portfolio, and 3) commencement of work programs in Nevada and Peru. Additionally, we think the company could close on its planned acquisition of the Snowbird High-Grade Gold Project as early as September. Recall the project consists of 2,276 hectares across ten mineral claims in Central British Columbia and can be drilled year-round.

Financing. We expect proceeds of up to C$2 million from a private placement announced previously to help fund exploration through the balance of 2022. We have modeled a larger C$5 million equity financing during the quarter ending in November to accelerate progress into 2023. Partial or full monetization of properties within the Battle Mountain portfolio could allow investors to better value the remaining portfolio in addition to providing a source of funding….

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. 

Release – Labrador Gold Announces Assays Up to 479.5G-T Au in Surface Samples From Golden Glove

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Labrador Gold Announces Assays Up to 479.5G-T Au in Surface Samples From Golden Glove

News and Market Data on Labrador Gold Corp

TORONTO, Aug. 23, 2022 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX.V:LAB | OTCQX:NKOSF | FNR: 2N6) (“LabGold” or the “Company”) is pleased to announce assays from six samples containing visible gold recently collected during prospecting in the Golden Glove area at its 100% owned Kingsway Project. The samples were collected as part of the Company’s continuous efforts to generate and upgrade targets for drilling along the 12km strike length of the Appleton Fault Zone covered by the Kingsway Property.

The samples were taken from quartz veins believed to be splays off the original Golden Glove vein. Assays of the six samples ranged from 7.51 g/t to 479.51 g/t Au. The quartz veins are hosted by grey and black shales and are typically vuggy and locally stylolitic with iron carbonate alteration. The four highest grade samples contain visible gold, and all samples contain between 2 and 5% pyrite and arsenopyrite both in the vein and along the contact with the shale wallrock. These results are comparable to assays from the initial samples taken at Golden Glove that ranged from 2.99 to 338.08g/t Au (see news release dated September 21, 2021).

“The discovery of more veins containing high-grade gold at surface is encouraging as it gives us additional information on the structural context of the mineralization at Golden Glove and will allow more efficient drill targeting.” said Roger Moss, President and CEO. “Drilling to date has been following up recent high-grade intersections of 20.07 g/t Au over 1m in Hole K-22-154 and 6.22 g/t Au over 4m in hole K-22-150 located approximately 160m south of the discovery outcrop. Given the high-grade nature of these veins we will certainly look to specifically target them in our ongoing drilling at Golden Glove.”

Sample
ID

Sample
type

Rock Type

Au (g/t)

853601*

Grab

Quartz Vein

479.51

853602*

Grab

Quartz Vein

81.49

853603*

Grab

Quartz Vein

114.72

853604*

Grab

Quartz Vein

34.90

853605

Grab

Quartz Vein

7.51

853606

Grab

Quartz Vein

12.25

* Sample contains visible gold. Note that grab samples are select samples and
are not necessarily representative of gold mineralization found on the property.

Figure 1. Portion of Sample 853601 showing visible gold grains in quartz and country rock.
https://www.globenewswire.com/NewsRoom/AttachmentNg/535e38c4-278d-4f70-8798-e2338a3eae1a

Figure 2. Location map of Kingsway gold occurrences showing recent results at Golden Glove.
https://www.globenewswire.com/NewsRoom/AttachmentNg/fea783dc-89b0-40f2-9eb0-46afd5858897

QA/QC

All samples are securely stored prior to shipping to Eastern Analytical Laboratory in Springdale, Newfoundland for assay. Eastern Analytical is an ISO/IEC17025 accredited laboratory. Samples were assayed by metallic screen/fire assay. The whole sample is crushed to -10mesh and pulverized to 95% -150mesh. The total sample is then weighed and screened through 150mesh. Both the +150mesh fraction and a 30g subsample of the -150mesh fraction are fire assayed for Au and a calculated weighted average of total Au in the sample is reported. The company routinely submits blanks and certified reference standards at a rate of approximately 5% of the total samples in each batch.

Qualified Person

Roger Moss, PhD., P.Geo., President and CEO of LabGold, a Qualified Person in accordance with Canadian regulatory requirements as set out in NI 43-101, has read and approved the scientific and technical information that forms the basis for the disclosure contained in this release.

The Company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Kingsway property.

About Labrador Gold
Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.

Labrador Gold’s flagship property is the 100% owned Kingsway project in the Gander area of Newfoundland. The three licenses comprising the Kingsway project cover approximately 12km of the Appleton Fault Zone which is associated with gold occurrences in the region, including those of New Found Gold immediately to the south of Kingsway. Infrastructure in the area is excellent located just 18km from the town of Gander with road access to the project, nearby electricity and abundant local water. LabGold is drilling a projected 100,000 metres targeting high-grade epizonal gold mineralization along the Appleton Fault Zone with encouraging results. The Company has approximately $25 million in working capital and is well funded to carry out the planned program.

The Hopedale property covers much of the Florence Lake greenstone belt that stretches over 60 km. The belt is typical of greenstone belts around the world but has been underexplored by comparison. Work to date by Labrador Gold show gold anomalies in rocks, soils and lake sediments over a 3 kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake sediment samples occur over approximately 40 km along the southern section of the greenstone belt (see news release dated January 25 th 2018 for more details). Labrador Gold now controls approximately 40km strike length of the Florence Lake Greenstone Belt.

The Company has 169,189,979 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB and on the OTCQX under the symbol NKOSF.

For more information please contact:

Roger Moss, President and CEO      Tel: 416-704-8291

Or visit our website at: www.labradorgold.com

Twitter: @LabGoldCorp

Neither TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release .

Forward-Looking Statements: This news release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

 


Should Investors Pay Attention to US Strategic Reserve Replenishment?

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Image Credit: Paul B (Flickr)


Will Drivers Continue to be Dogged by High Gas Prices as US Strategic Oil Reserve is Replenished?

The last time the US Strategic Oil Reserves was this low was January 1985. The US population was then 238 million, The Cosby Show was the top-rated on TV, the threat of the AIDS virus was just beginning to be understood, and a newly appointed NIH Director named Anthony Fauci had just been promoted. In 37 years, some things have changed, and some things have not. One that has not is the need for reliable energy.

The Reserves reached their peak in April 2011 with 726.5 million barrels; today, we sit with 453.1 million. Will it take 37 years to replenish the more than 200 million barrels, 160 million of which have been siphoned off since March of this year?

The barrels that are being used in 2022 were ordered released by the White House to offset the domestic loss of production, pipeline distribution, and less supply being compounded by global shortages resulting from a partial embargo against Russia. The order was intended to work to lower gas prices today and help reduce the impact oil prices are having on unacceptably high inflation.

President Biden said in March that the US would release one million barrels of oil a day for six months as petroleum products spiked following the start of the Russian/Ukrainian war. The White House then said, in late July, the US would release another 20 million barrels.

To some degree, it worked as intended. There has been a fall in the price at the gas pumps over the past two months. Much of this has been supply-related, helped by the reserve releases, to a lesser extent, demand has also slowed from receding economic activity. WTI crude, the US benchmark price, has dropped around 24%.

That decline has brought US gasoline prices down from above $5 a gallon in June to $3.89 on Tuesday, August 17. Globally, other countries are tapping into their own strategic reserves as well.


What Happens When we Refill It?

The US consumed about 20 million barrels of oil a day on average in 2021, according to the EIA. During the same year, it produced 11 million barrels a day. The Biden administration is proposing to refill the stockpiles under a plan that is likely to see it order 60 million barrels this fall for delivery at an unspecified time in the future. That leaves at least another 100 million barrels to bring the country back to where we were in March 2022 – over two hundred more to bring us back to the peak. It took 37 years last time for the country to stockpile the same amount.

The current infrastructure is not supporting additional oil output, otherwise, companies would be pumping more now. On July 1, President Biden made public a five-year proposal for offshore oil and gas development in areas of existing production and said the final plan might have anywhere from zero to 11 lease sales.

The range of proposed options was between two auctions a year and none at all. The plan seemed conflicted with a desire to balance the administration’s efforts to reduce the use of fossil fuels and its calls to increase needed oil and gas.


Energy Demand Moving Forward

Does restocking the Reserves point toward high petroleum demand for a much longer time period than ever expected? Does it also create opportunities for producers of biofuels, for example, GEVO?

The current fuel issues are not going to disappear overnight. Borrowing from the future with the intent, and now a plan, to pay it back, will require more production than before. Companies that produce are not inclined to make big investments in building out a platform when the political climate is one of wanting to shut production down as soon as possible.

The cost of reducing energy output and then borrowing from reserves, especially after an unexpected embargo is placed on a major global  supplier, could keep the price of all energy elevated for a much longer time than the end of a war, of installation of coastal wind farms.

Paul Hoffman

Managing Editor, Channelchek

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Sources

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCSSTUS1&f=M

https://www.eia.gov/petroleum/gasdiesel/gas_geographies.php#pricesbyregion

https://www.whitehouse.gov/briefing-room/statements-releases/2022/07/26/fact-sheet-department-of-energy-releases-new-notice-of-sale-as-gasoline-prices-continue-to-fall/

https://www.niaid.nih.gov/about/director

https://www.energy.gov/articles/doe-announces-additional-notice-sale-crude-oil-strategic-petroleum-reserve

https://www.reuters.com/business/energy/biden-administration-proposes-offshore-drilling-plan-focused-mainly-us-gulf-2022-07-01/

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Winter’s Natural Gas Prices are Likely to Heat Up Further?

Posted on by Admin 



Image Credit: Kees Torn (Flickr)


Natural Gas Prices May Continue to Explode Through Winter

Natural-gas futures jumped to nearly $10 per million BTU today (August 23), the highest since July 2008. This is an increase of 20% over the past month, up 146% from a year ago, and up 350% from three years ago. The drop-off in commodity prices that helped bring natural gas prices down has now been more than erased by what has been extreme volatility even by natural gas price standards.

The 14-year highs reached this week in U.S. natural-gas futures point to unrelenting demand pressures, especially in Europe. There are reasons to believe the increases will continue.

The latest price spike is largely fueled by Russia’s plans to shut down one of Europe’s main fuel arteries for a few days at the end of August. It’s unclear if that shutdown, announced Friday, is actual unplanned maintenance along the Nord Stream gas pipeline or related to economic warfare by Russia as retaliation for Western Europe’s support for Ukraine.

Short supply in Europe, above-average hot weather impacting utilities’ needs in the U.S, and concerns related to hurricane season, when storms often halt production on platforms in the Gulf of Mexico, may serve to increase prices higher.


Source: Koyfin

Normally in late Summer, prices ease in anticipation of low demand fall weather. Producers and traders usually squirrel away supplies in underground caverns until winter, when demand and prices typically are at their high for the year.

This year, though, export demand, electric demand related to some of the hottest weather on record, and low production growth have kept U.S. natural-gas supplies from growing ahead of the heating season.

The U.S. Energy Information Administration (EIA) reported an unseasonably paltry offload into storage facilities. Storage grew but left a projected deficit of 12.7% to the average for this point on the calendar.

The lag in storage could be leading to a global situation if winter is colder than normal – a situation where natural gas prices may spike upward.


Production vs. Usage

EIA data show that monthly domestic production reached its highest level since the pandemic in May, though it remained short of the output record set in December 2019. And output has decreased.

U.S. demand is rising. Coal prices that have risen more sharply than gas and scarce supplies of coal have limited electric producers’ options, which have been in high demand to run air conditioners this summer. Government energy forecasters expect average daily U.S. gas consumption this year to be 3% higher. They expect year-over-year production gains at roughly the same rate.

Meanwhile, exports are set to rise this fall when one of the country’s biggest liquefied-natural-gas, or LNG, terminals resume operations. Freeport LNG’s facility on a Texas barrier island has been shut down since a fire in early June. This reduced U.S. export capacity by about one-sixth, or near 2 billion cubic feet a day. It produces roughly enough energy units to power 50,000 homes for a year it went back online and became available for U.S. consumption this summer, which helped to hold prices lower in the US. The facility said it expects to resume exports in October.

Spikes in futures prices don’t immediately translate into higher natural gas prices at home, but eventually, they do increase the average paid.

 

Inflation and Natural Gas

In addition to electricity prices increasing via power plants, other increases, including food prices via fertilizers, and other unexpected impacts such as glass bottle production, that add to overall inflation.

The June-July plunge in natural-gas futures prices had been one of the reasons cited why inflation in the U.S. was seen as having peaked and moving lower. Utility natural gas piped to homes accounts for about 1% of total CPI. As part of the July CPI reading, utility gas piped to homes fell by 3.6% in price from June, the first month-to-month decline since January after repeated spikes., including +8.2% in June from May and +8.0% in May from April.

Spikes in futures prices don’t immediately translate into higher natural gas prices at home, but eventually, they do. Eventually, prices average up, and we will all be sharing the cost as consumers or perhaps benefitting as investors in either natural gas companies, or more directly in funds or futures.

Paul Hoffman

Managing Editor, Channelchek

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The Outlook for Energy Stocks remains Favorable – Energy Industry Report


Sources

https://globallnghub.com/front-month-rallies-to-5.html

https://www.eia.gov/todayinenergy/detail.php?id=53559

https://www.eia.gov/petroleum/supply/weekly/

A Gas Shortage Could Crunch Beer Bottles Too – WSJ

https://www.cmegroup.com/trading/energy/natural-gas/lng-futures.html

https://www.energy.gov/sites/prod/files/2017/09/f36/Understanding%20Natural%20Gas%20and%20Lng%20Options_general%20no%20appendix.pdf

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Baudax Bio (BXRX) – Notice of Patent Allowance For Claims Covering ANJESO

Posted on by Admin

Tuesday, August 23, 2022

Baudax Bio (BXRX)
Notice of Patent Allowance For Claims Covering ANJESO

Baudax Bio is a pharmaceutical company focused on innovative products for acute care settings. ANJESO is the first and only 24-hour, intravenous (IV) COX-2 preferential non-steroidal anti-inflammatory (NSAID) for the management of moderate to severe pain. In addition to ANJESO, Baudax Bio has a pipeline of other innovative pharmaceutical assets including two novel neuromuscular blocking agents (NMBs) and a proprietary chemical reversal agent specific to these NMBs. For more information, please visit www.baudaxbio.com.

Gregory Aurand, Senior Research Analyst, Healthcare Services & Medical Devices, Noble Capital Markets, Inc.

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

Notice of Allowance for patent application.  Yesterday, Baudax Bio announced the US Patent and Trademark Office (USPTO) provided a Notice of Allowance for patent application No. 16/297095 (the ‘095 application).  The USPTO typically issues a Notice after determining the patent application should be granted.

The Patent should be granted in the next few months.  The patent application covers the multiple doses of ANJESO for the treatment of moderate to severe pain, and a reduction in use of rescue analgesics 48 hours following the first dose.  The patent from the ‘095 titled application “Methods of administering intravenous meloxicam in a bolus dose”, once issued, will be eligible for listing in the FDA’s Orange Book. …

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. 

QuoteMedia Inc. (QMCI) – Not All Pistons Are Firing

Posted on by Admin

Tuesday, August 23, 2022

QuoteMedia Inc. (QMCI)
Not All Pistons Are Firing

QuoteMedia is a leading software developer and cloud-based syndicator of financial market information and streaming financial data solutions to media, corporations, online brokerages, and financial services companies. The Company licenses interactive stock research tools such as streaming real-time quotes, market research, news, charting, option chains, filings, corporate financials, insider reports, market indices, portfolio management systems, and data feeds. QuoteMedia provides industry leading market data solutions and financial services for companies such as the Nasdaq Stock Exchange, TMX Group (TSX Stock Exchange), Canadian Securities Exchange (CSE), London Stock Exchange Group, FIS, U.S. Bank, Broadridge Financial Systems, JPMorgan Chase, CI Financial, Canaccord Genuity Corp., Hilltop Securities, HD Vest, Stockhouse, Zacks Investment Research, General Electric, Boeing, Bombardier, Telus International, Business Wire, PR Newswire, FolioFN, Regal Securities, ChoiceTrade, Cetera Financial Group, Dynamic Trend, Inc., Qtrade Financial, CNW Group, IA Private Wealth, Ally Invest, Inc., Suncor, Virtual Brokers, Leede Jones Gable, Firstrade Securities, Charles Schwab, First Financial, Cirano, Equisolve, Stock-Trak, Mergent, Cision, Day Trade Dash and others. Quotestream®, QModTM and Quotestream ConnectTM are trademarks of QuoteMedia. For more information, please visit www.quotemedia.com.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

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

Q2 disappoints. Revenues increased 12% to $4.30 million, but were 7.5% lower than our $4.65 million estimate. Notably, revenues moderated from the 18% revenue growth in the first quarter. We believe that adverse general market conditions and economic concerns impacted the company’s individual Quotestream business, which declined 9% yoy, and slowed revenue growth in its Corporate Quotestream segment, an increase in revenues of a modest 5.3% versus 20.4% in Q1. 

Misses Adj. EBITDA estimate. Gross profit margins were slightly lower than expected. But, more importantly, G&A expenses and Software Development expenses were higher. As such, combined with the revenue miss, adj. EBITDA of $564,000 was lower than our $765,000 estimate. …

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. 

Orion Group Holdings (ORN) – A New Chapter – Announcing CEO Travis Boone

Posted on by Admin

Monday, August 22, 2022

Orion Group Holdings (ORN)
A New Chapter – Announcing CEO Travis Boone

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

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

A New CEO. As promised in the second quarter earnings call, the CEO search is complete. Orion Group announced that Travis Boone has been named President and Chief Executive Officer and member of the Board of Directors, effective September 12, 2022. Austin J. Shanfelter will step down as Interim CEO at that time and will continue to serve as Orion’s Executive Chairman during a short transition period.

Who Is Travis Boone? According to the press release,  Mr. Boone served as a regional Chief Executive of AECOM and legacy companies since 
May 2017 and other key positions since 1999. From 1986 to 1999 he held various positions with several contracting companies in the utility/pipeline construction and commercial building construction industries….

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. 

Release – Direct Digital Holdings Appoints Maria Vilchez Lowrey as Chief Growth Officer for Next Phase of Growth

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Direct Digital Holdings Appoints Maria Vilchez Lowrey as Chief Growth Officer for Next Phase of Growth

Research, News, and Market Data on Direct Digital Holdings

August 22, 2022 9:00am EDT

Proven Track-Record in Delivering Revenue
& Channel Development Results in the Energy Sector to Power Direct Digital
Holdings’ Business Development

HOUSTON, Aug. 22, 2022 /PRNewswire/ — Direct Digital Holdings (Nasdaq: DRCT), a leading advertising and marketing technology platform and owner of operating companies Colossus SSP, Huddled Masses, and Orange 142, announced today that Maria Vilchez Lowrey has joined as Chief Growth Officer. In this newly created role, reporting to Chairman and CEO Mark Walker as a member of Direct Digital Holdings’ leadership team, Vilchez Lowrey is responsible for leading business development, channel development, and integrating the management of brand related activities across Direct Digital Holdings’ portfolio of brands.

 

Additionally, her appointment marks the professional reunion of Vilchez Lowrey with CEO Walker: they worked together earlier in their careers at NRG Energy, a leading Fortune 300 integrated power company. Vilchez Lowrey is an experienced sales leader with a proven 20-year record in creating business-to-consumer and business-to-business sales capabilities at scale within the Fortune 500.

“Few executives have the depth of experience and track-record to accelerate our business to the next level of growth – all while sharing our values and vision for the company,” said Walker. “Having worked together before, I can confidently say that Maria is a transformational executive leader, and I am certain that she will be instrumental in continuing Direct Digital Holdings’ fast-paced growth, setting us up for continued success.”

Vilchez Lowrey comes to Direct Digital Holdings from Just Energy, where she served as Senior Vice President of Direct Sales and Partnerships for Just Energy, Amigo Energy, Tara Energy, and Terrapass, its affiliate brands. There, she was responsible for diversifying the company’s direct sales channels by launching its first national retail partnership with one of the largest retailers in the world. Prior to that, she served in various key management positions across sales leadership, business development, operations, and project management at NRG Energy, Inc., primarily responsible for building new go-to-market sales channels and developing strategic partnerships with the most well-known brands in the country. Prior to NRG, Maria started her career in the steel industry as global supply chain transportation and procurement manager serving large multi-national consumer companies.

“Mark and his leadership team have built an impressive company, delivering on both the sell-and buy-sides of the advertising technology equation,” said Vilchez Lowrey. “The programmatic advertising and martech solutions that they bring to the marketplace are attracting top-tier and mid-market brands due to their high-levels of performance. I look forward to helping the group, its clients, and partners exceed market expectations.”

Vilchez Lowrey holds a B.S. in Management Information Systems from Texas A&M University.

An active member of the non-profit community, Lowrey serves as a board member for Homemade Hope and is an advisory council member for Houston Arts Alliance and Dress for Success Houston. Maria has been honored as Top 100 Diversity Leaders in Energy by the National Diversity Council in Feb 2021.

About Direct Digital
Holdings:

Direct Digital Holdings (Nasdaq: DRCT), owner of operating companies Colossus SSP, Huddled Masses, and Orange 142, brings state-of-the-art sell- and buy-side advertising platforms together under one umbrella company. Direct Digital Holdings’ sell-side platform, Colossus SSP, offers advertisers of all sizes extensive reach within general market and multicultural media properties. The company’s subsidiaries Huddled Masses and Orange142 deliver significant ROI for middle market advertisers by providing data-optimized programmatic solutions at scale for businesses in sectors that range from energy to healthcare to travel to financial services. Direct Digital Holdings’ sell- and buy-side solutions manage approximately 90,000 clients monthly, generating over 100 billion impressions per month across display, CTV, in-app and other media channels. The company has been named a top minority-owned business by The Houston Business Journal.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/direct-digital-holdings-appoints-maria-vilchez-lowrey-as-chief-growth-officer-for-next-phase-of-growth-301609598.html

SOURCE Direct Digital Holdings

Released August 22, 2022

 


Which Stocks go up When Global Currencies Weaken vs US Dollar?

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Image Credit: Pixabay (Pexels)


Global Strength in the US Dollar Is Positively Correlated to Strength in Many Stock Sectors

The last time the U.S. Dollar was this strong against other currencies was October 2002. It reached a new high today (August 22) as the expectations surrounding the annual Jackson Hole Economic Symposium become more hawkish. Higher U.S. interest rates tend to place upward pressure on the dollar’s value measured against other currencies that have lower real rates (inflation less native interest rate). There are other global economic factors at play as well.


Why is the Dollar at a High

The Euro lost relative value to the U.S. currency over the past month after Russia announced a three-day halt to European gas supplies flowing through the Nord Stream 1 pipeline. Europe is already experiencing an energy crisis that is inflating all related costs. Higher inflation weakens a currency against those with lower or no inflation.

Away from Europe, the world’s second-largest economy, China saw its Yuan sink to its lowest level in almost two years after the Chinese central bank cut key lending rates. China has been easing policy to shore up its weakened state related to its response to Covid-19 and crashing real estate values.


Source: Koyfin


US Stocks and a Strong Dollar

What does a rising dollar mean for stocks? The short answer is, as the value of the U.S. dollar rises in relationship to global currencies, the U.S. stock indexes statistically have risen along with it.

Over the last 20 years, the S&P 500 index has shown a positive correlation to the dollar about 40% of the time. While this may not seem huge, in stock market indicator terms, it is better than most and would be better if some sectors were excluded or given less weight. 

As with most everything else, the value of something will tend to rise with increasing scarcity or increased demand. The demand for the dollar has been increasing as the U.S. is perceived to have one of the stronger, safer economies relative to our trading partners. Additionally, as real rates are expected to continue to rise in the U.S., overseas investors will flock to dollars which they may then store in dollar-denominated assets, which adds to demand. 

What sectors have the highest propensity for positive returns? One obvious answer is companies that rely on imports. This is because they have an advantage when the U.S. dollar is strong. One caveat, many retailers that import their goods have been under a lot of strain because of built-up or mistimed
inventories. Manufacturing businesses that rely heavily on raw materials or commodities and get these products from overseas (steal, semi-precious metals, minerals, etc.) will benefit from paying in or exchanging from the stronger currency. This has the impact of reducing relative costs and helping the bottom line. Stocks do better with a growing bottom line.

Investors should be more cautious with companies that sell their products internationally. If there are alternative suppliers available to them that transact in non-dollars, these companies’ sales could suffer.

Companies that buy and sell only in dollars will not have the price advantage that importers do, but they avoid exchange rate factors altogether. Utilities and regional banks are on this list. A word of caution as interest rates are moving upward, utility stocks known for their dividends may begin to compete less effectively with bonds. Also, banks will generally earn more with a steep yield curve; this has been elusive so far in this tightening cycle.

Some investors increase the number of small companies on their watch list. This is because, as a rule, their sales are domestic, while they may or may not import. Large companies tend to transact internationally. Small-cap stocks are not typically at the multinational stage yet. Use the data available on Channelchek to better understand whether the small company stock you are interested in imports or exports internationally.


Take Away

There are many factors that move the market up or down. And there are factors that impact specific industries and individual stocks. Statistically, a stronger U.S. dollar is positive for US stocks. Companies that import could fair even better. Stocks least affected by currency shifts include utilities, regional banks, and small-caps in almost all industries. Each company should be vetted separately, but minimizing headwinds is a good step toward successful investing.

Paul Hoffman

Managing Editor, Channelchek

Suggested Content



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Sources

https://www.cnbc.com/2022/08/22/forex-markets-dollar-federal-reserve-jackson-hole-monetary-policy.html

https://www.investopedia.com/ask/answers/06/usdollarcorrelation.asp

https://www.bbc.com/news/business-62629144


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Release – Alvopetro Announces 182-C1 Well Results

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Alvopetro Announces 182-C1 Well Results

Research, News, and Market Data on Alvopetro Energy

Aug 22, 2022

CALGARY, AB, Aug. 22, 2022 /CNW/ – Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) announces that we have suspended testing at the 182-C1 well on our 100% owned and operated Block 182 in the Recôncavo basin. During the testing operation we perforated the entire 25m of net pay section of the well on tubing conveyed perforations in an underbalanced condition. No formation flow was observed after the initial perforations. We injected 124 barrels (“bbls”) of 15% hydrochloric acid to remove possible near wellbore damage. We then removed the liquid from the wellbore with a jet lift operation using nitrogen and coil tubing. After recovering 231 bbls of the initial 303 bbls of brine and acid we discontinued operations, due to lack of progress in removing any further liquids. We have not recovered any hydrocarbons from the wellbore and will continue to monitor the wellbore pressure from surface, but expect to permanently abandon wellbore in the future.

The primary and secondary targets of the 182-C1 well were the Agua Grande and Sergi Formations, respectively. Based on open hole logs, the 182-C1 well encountered net pay in the Agua Grande Formation very close to the main bounding fault and the well crossed over the fault before encountering the secondary target in the Sergi Formation. We plan to drill a follow up well, 182-C2, to assess the Agua Grande reservoir quality and to target the Sergi Formation further east from the bounding fault. We expect to spud the 182-C2 well later in August.

Corporate Presentation

Alvopetro’s updated corporate presentation is available on our website at:http://www.alvopetro.com/corporate-presentation. 

Social MediaFollow Alvopetro on our social media channels at the following links:

Twitter – https://twitter.com/AlvopetroEnergyInstagram – 
https://www.instagram.com/alvopetro/LinkedIn – 
https://www.linkedin.com/company/alvopetro-energy-ltdYouTube: https://www.youtube.com/channel/UCgDn_igrQgdlj-maR6fWB0w

Alvopetro Energy Ltd.’s vision is to become a
leading independent upstream and midstream operator in Brazil. Our
strategy is to unlock the on-shore natural gas potential in the state of Bahia
in Brazil,
building off the development of our Caburé natural gas field and our strategic
midstream infrastructure.

Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this news release.

Forward-Looking Statements and Cautionary Language. This
news release contains “forward-looking information” within the
meaning of applicable securities laws. The use of any of the words
“will”, “expect”, “intend” and other similar
words or expressions are intended to identify forward-looking information.
Forward?looking
statements involve significant risks and uncertainties, should not be read as
guarantees of future performance or results, and will not necessarily be
accurate indications of whether or not such results will be achieved. A number
of factors could cause actual results to vary significantly from the
expectations discussed in the forward-looking statements. These forward-looking
statements reflect current assumptions and expectations regarding future events.
Accordingly, when relying on forward-looking statements to make decisions,
Alvopetro cautions readers not to place undue reliance on these statements, as
forward-looking statements involve significant risks and uncertainties. More
particularly and without limitation, this news release contains forward-looking
information concerning exploration and development prospects of Alvopetro and
the expected timing of certain of Alvopetro’s operational activities. The
forward?looking
statements are based on certain key expectations and assumptions made by
Alvopetro, including but not limited to expectations and assumptions concerning
testing results, equipment availability, the timing of regulatory licenses and
approvals, the success of future drilling, completion, testing, recompletion
and development activities, the outlook for commodity markets and ability to
access capital markets, the impact of the COVID-19 pandemic, the performance of
producing wells and reservoirs, well development and operating performance, foreign
exchange rates, general economic and business conditions, weather and access to
drilling locations, the availability and cost of labour and services,
environmental regulation, including regulation relating to hydraulic fracturing
and stimulation, the ability to monetize hydrocarbons discovered, the
regulatory and legal environment and other risks associated with oil and gas
operations. The reader is cautioned that assumptions used in the preparation of
such information, although considered reasonable at the time of preparation,
may prove to be incorrect. Actual results achieved during the forecast period
will vary from the information provided herein as a result of numerous known
and unknown risks and uncertainties and other factors. Although Alvopetro
believes that the expectations and assumptions on which such forward-looking
information is based are reasonable, undue reliance should not be placed on the
forward-looking information because Alvopetro can give no assurance that it
will prove to be correct. Readers are cautioned that the foregoing list of
factors is not exhaustive. Additional information on factors that could affect
the operations or financial results of Alvopetro are included in our annual
information form which may be accessed on Alvopetro’s SEDAR profile at www.sedar.com.
The forward-looking information contained in this news release is made as of
the date hereof and Alvopetro undertakes no obligation to update publicly or
revise any forward-looking information, whether as a result of new information,
future events or otherwise, unless so required by applicable securities laws.

SOURCE Alvopetro Energy Ltd.

 


Release – QuoteMedia Announces 12 Percent Revenue Growth for Q2 2022

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QuoteMedia Announces 12 Percent Revenue Growth for Q2 2022

Research, News, and Market Data on QuoteMedia

August 22, 2022 16:33 ET |
Source: QuoteMedia, Inc.

PHOENIX, Aug. 22, 2022 (GLOBE NEWSWIRE) — QuoteMedia, Inc. (OTCQB: QMCI), a leading provider of market data and financial applications, announced financial results for the quarter ended June 30, 2022.

QuoteMedia provides banks, brokerage firms, private equity firms, financial planners and sophisticated investors with a more economical, higher quality alternative source of stock market data and related research information. We compete with several larger legacy organizations and a modest community of other smaller companies. QuoteMedia provides comprehensive market data services, including streaming data feeds, on-demand request-based data (XML/JSON), web content solutions (financial content for website integration) and applications such as Quotestream Professional desktop and mobile.

Highlights for Q2 2022 include the following:

  • Quarterly revenue increased to $4,298,957 in Q2 2022 from $3,833,018 in 2021, an increase of $465,939 (12%).
  • Net loss for Q2 2022 was $163,080 compared to a loss of $79,625 in Q2 2021, an increase of $83,455.
  • Adjusted EBITDA for Q2 2022 was $508,376 compared to $311,780 in Q2 2021, an improvement of $196,596.

“This was another great quarter for QuoteMedia,” said Robert J. Thompson, Chairman of the Board. “We have entered into several large-scale enterprise agreements with high profile banks and brokerage firms and have made significant progress on the development and implementation of these projects. We expect to recognize substantial associated revenue as these extensive deployments launch in the coming months. We have also begun several exciting partnerships with other market data and content vendors which will see them integrating our products and proprietary data sets and providing them to their clientele. We continued to experience healthy revenue growth, and we anticipate the pace of this growth to increase in the second half of this year. We made some non-recurring accounting adjustments that negatively impacted our bottom line this quarter. We expect to report profitability in the upcoming quarters and beyond. Consistent with previous forecasts, we remain on track to achieve full year revenue growth in the 20% range. We are very pleased with our results to date, and we are excited for what the future holds.”

QuoteMedia will host a conference call Tuesday, August 23, 2022 at 2:00 PM Eastern Time to discuss the Q2 2022 financial results and provide a business update.

Conference Call Details:

Date: August 23, 2022

Time: 2:00 PM Eastern

Dial-in number: 800-267-6316

Conference ID: QUOTEMEDIA

An audio rebroadcast of the call will be available later at: www.quotemedia.com

About
QuoteMedia

QuoteMedia is a leading software developer and cloud-based syndicator of financial market information and streaming financial data solutions to media, corporations, online brokerages, and financial services companies. The Company licenses interactive stock research tools such as streaming real-time quotes, market research, news, charting, option chains, filings, corporate financials, insider reports, market indices, portfolio management systems, and data feeds. QuoteMedia provides industry leading market data solutions and financial services for companies such as the Nasdaq Stock Exchange, TMX Group (TSX Stock Exchange), Canadian Securities Exchange (CSE), London Stock Exchange Group, FIS, U.S. Bank, Broadridge Financial Systems, JPMorgan Chase, CI Financial, Canaccord Genuity Corp., Hilltop Securities, HD Vest, Stockhouse, TheStreet.com, Zacks Investment Research, The Motley Fool, General Electric, Boeing, Bombardier, Telus International, Business Wire, PR Newswire, FolioFN, Regal Securities, ChoiceTrade, Cetera Financial Group, Dynamic Trend, Inc., Qtrade Financial, CNW Group, IA Private Wealth, Ally Invest, Inc., Suncor, Virtual Brokers, Leede Jones Gable, Firstrade Securities, Charles Schwab, First Financial, Cirano, Equisolve, Stock-Trak, Mergent, Cision, Day Trade Dash and others. Quotestream®, QMod™ and Quotestream Connect™ are trademarks of QuoteMedia. For more information, please visit www.quotemedia.com.

Statements about QuoteMedia’s future expectations, including future revenue, earnings, and transactions, as well as all other statements in this press release other than historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. QuoteMedia intends that such forward-looking statements be subject to the safe harbors created thereby. These statements involve risks and uncertainties that are identified from time to time in the Company’s SEC reports and filings and are subject to change at any time. QuoteMedia’s actual results and other corporate developments could differ materially from that which has been anticipated in such statements.

Below are the specific forward-looking statements included in this press release:

  • We continued to experience healthy revenue growth, and we anticipate even greater revenue growth in the second half of this year. Consistent with previous forecasts, we remain on track to achieve full year revenue growth in the 20% range.

QuoteMedia
Investor Relations
Brendan Hopkins
Email: 
investors@quotemedia.com
Call: (407) 645-5295

Note
1 on Non-GAAP Financial Measures

We believe that Adjusted EBITDA, as a non-GAAP pro forma financial measure, provides meaningful information to investors in terms of enhancing their understanding of our operating performance and results, as it allows investors to more easily compare our financial performance on a consistent basis compared to the prior year periods. This non-GAAP financial measure also corresponds with the way we expect investment analysts to evaluate and compare our results. Any non-GAAP pro forma financial measures should be considered only as supplements to, and not as substitutes for or in isolation from, or superior to, our other measures of financial information prepared in accordance with GAAP, such as net income attributable to QuoteMedia, Inc.

We define and calculate Adjusted EBITDA as net income attributable to QuoteMedia, Inc., plus: 1) depreciation and amortization, 2) stock compensation expense, 3) interest expense, 4) foreign exchange loss (or minus a foreign exchange gain), and 5) income tax expense. We disclose Adjusted EBITDA because we believe it is a useful metric by which to compare the performance of our business from period to period. We understand that measures similar to Adjusted EBITDA are broadly used by analysts, rating agencies, investors and financial institutions in assessing our performance. Accordingly, we believe that the presentation of Adjusted EBITDA provides useful information to investors. The table below provides a reconciliation of Adjusted EBITDA to net income attributable to QuoteMedia, Inc., the most directly comparable GAAP financial measure.

QuoteMedia,
Inc. Adjusted EBITDA Reconciliation to Net Income

 

 

Three months ended June 30,

 

 

2022

 

2021

 

 

 

 

 

 

 

Net loss

 

$

(163,080

)

 

$

(79,625

)

Depreciation and amortization

 

 

512,639

 

 

 

403,078

 

Stock-based compensation

 

 

22,304

 

 

 

6,939

 

Interest expense

 

 

507

 

 

 

451

 

Foreign exchange loss (gain)

 

 

135,226

 

 

 

(19,880

)

Income tax expense

 

 

780

 

 

 

817

 

Adjusted EBITDA

 

$

508,376

 

 

$

311,780