Imperial Helium Sees Concentrations Of 0.51% Helium In New Zone
Imperial Helium Corp (TSXV: IHC) continues to see success from its production tests of zones found on its helium property in Alberta. The firm this morning released positive results of an independent production test carried out over a period of thirty days at its most recently drilled well. The analysis, which was conducted by IHS […]
US Senators Propose Sanctioning Russia’s Gold Reserves
Since its invasion of Ukraine, Russia has accumulated quite the list of inimical sanctions from the West and its allies— 2,778 since February 22 to be exact— ranging from targets on its various industrial sectors, political figures, and of course its foreign exchange assets. Despite all of that, though, President Vladimir Putin appears to be […]
The Skyrocketing Cost of Gas Is Making People Think About Shaq’s Math
As gas prices reached a record-breaking high on Monday, people are reminiscing simpler times. Remember that 2018 Inside the NBA episode where former professional basketball player Shaquille O’Neal offered a theory to “solve” co-host Kenny Smith’s gas conundrum? His solution: don’t wait till you empty out and will need to spend $80 on a full […]
Cathie Wood Gets Oil Wrong in 2020, Still Maintains “Oil Prices Will Collapse”
In 2020, ARK Invest CEO and CIO Cathie Wood predicted that oil demand had peaked and with the world shifting to electric vehicles, lower oil demand would result in prices falling to $12 per barrel. We all know this didn’t happen, and almost a full two years later, she finally admits she got it wrong. […]
Crude Supply Crisis Deepens: Libya’s Oil Output Falls Amid Political Crisis
Libya’s crude output fell to less than 1 million barrels per day last week, after the country’s main oil field was shut down by suspected gangs amid a growing political rife. Libya’s oil minister Mohammed Oun told Bloomberg over the weekend that crude output fell from 1.2 million barrels per day to around 920,000 million […]
Coinbase Bans 25,000 Russian-Owned Crypto Wallets
Major cryptocurrency exchange Coinbase (NASDAQ: COIN) has blocked tens of thousands of Russian wallet addresses believed to be linked to illegal activity. According to a blogpost on Coinbase’s website, the platform banned more than 25,000 Russian-owned crypto wallets alleged to be using digital tokens unlawfully. “Today, Coinbase blocks over 25,000 addresses related to Russian individuals […]
Google To Acquire Cybersecurity Firm Mandiant In A US$5.4 Billion All-Cash Deal
Google LLC announced today the definitive agreement to acquire cybersecurity firm Mandiant Inc. (Nasdaq: MNDT). The all-cash acquisition’s price tag is reportedly valued at US$5.4 billion. The transaction price values Mandiant’s shares at US$23.00 per share. Upon closing, it is expected that the firm will join the tech giant’s cloud-based division Google Cloud. “We look […]
Russia Reportedly Bans Exports Following Latest Oil Sanctions From US, UK
It appears that Russian President Vladimir Putin isn’t having it with additional sanctions being levied against it by the United States. In the most “I’m not fired, I quit!” moment yet of the ongoing geopolitical tensions, it appears that the Russian President is moving to halt exports of its products. The move, of course, is […]
Inside the CPP-Putin Partnership
This column wrote Sunday that the CPP, Canada’s national pension fund and largest asset manager, was likely holding equities of Russian companies on its balance sheet at least as recently as the end of its last fiscal year, and appears to have altered its public disclosure to obscure its ownership of those assets as their […]
GM Announces EV Supply Chain Expansion With Quebec Facility
General Motors Company (NYSE: GM) announced on Monday its plans to build a new facility in Bécancour, Quebec, tied to its North America-focused electric vehicle battery supply chain. The facility, as part of the automaker’s joint venture with Canadian materials firm POSCO Chemical, is said to be worth US$400 million. The Quebec facility is expected to […]