#Oil and #Gas #Stocks - Drilling Down on Players in #Texas (OTC: $SITS) (NYSE: $PXD) (NYSE: $MRO) (NYSE: $REI) @SITS_Inc @PXDtweets @MarathonOil

#Oil and #Gas #Stocks - Drilling Down on Players in #Texas (OTC: $SITS) (NYSE: $PXD) (NYSE: $MRO) (NYSE: $REI) @SITS_Inc @PXDtweets @MarathonOil

 

Vancouver, Kelowna, Delta, BC – May 24, 2023 - Investorideas.com, a leading investor news resource covering oil and gas stocks releases a special news report on companies drilling in Texas, featuring oil and gas exploration and development junior, Southern ITS International, Inc. (OTC PINK:SITS).

 

Read this article featuring SITS in full at https://www.investorideas.com/news/2023/energy/05241Oil-Gas-Stocks-in-Texas.asp

 

The Railroad Commission of Texas (RRC) reported that from December 2021 to November 2022, total Texas reported production was 1.5 billion barrels of crude oil and 11.2 trillion cubic feet of total gas.

 

Seeing the opportunity in Texas, Southern ITS International, Inc. (OTC PINK: SITS) announced in late March that its subsidiary, Pure Oil & Gas, Inc. has raised all of the funds required for the drilling and completion of its first oil & gas project. The funds were raised by a newly formed limited partnership of which Pure is the General Partner.

 

Jeremy Larsen, President of Pure Oil & Gas, Inc., stated, "We are pleased to have been able to complete this fund raise so quickly and we expect that our driller-operator, ICS Energy, Inc. will commence drilling operations on our first well located in Eastland County, Texas within the next 45 days."

 

Southern ITS International recently announced Pure Oil & Gas, Inc. has successfully completed drilling of its first well in Eastland County, Texas.

 

Jeremy Larsen, President of Pure Oil & Gas, Inc., stated, "We are pleased with the hard work and safety efforts of our partner and driller-operator, ICS Energy, Inc. I would like to be the first to congratulate them on the successful drilling of our first well. The workover rig has been in place as of Saturday, April 22nd, and we hope to know the estimated production numbers of this first well by the end of May. We look forward to drilling more wells across the great state of Texas for the success and future of our young company, Pure Oil & Gas, Inc."

 

James E Shipley, CEO of Southern ITS International told Investor Ideas, "We are still waiting on geological, engineering and seismology reports, which we are expecting any day now "

 

Pioneer Natural Resources Company (NYSE: PXD), ranked the number one producer in Texas  in 2022 reported in late April its  financial and operating results for the quarter ended March 31, 2023. Pioneer reported first quarter net income attributable to common stockholders of $1.2 billion, or $5.00 per diluted share. These results include the effects of noncash mark-to-market adjustments and certain other unusual items. Excluding these items, non-GAAP adjusted income for the first quarter was $1.3 billion, or $5.21 per diluted share. Cash flow from operating activities for the first quarter was $2.3 billion.

 

From the news: Highlights: First quarter oil production averaged 361 thousand barrels of oil per day (MBOPD), near the top end of guidance

 

First quarter total production averaged 680 thousand barrels of oil equivalent per day (MBOEPD), near the top end of guidance

 

Generated strong first quarter free cash flow of $948 million

 

Declared a quarterly base-plus-variable dividend of $3.34 per share to be paid in June 2023, reflecting a 14% increase to the base dividend component

 

Repurchased $500 million of shares during the first quarter (2.4 million shares)

 

Refreshed share repurchase program with a new $4 billion authorization, replacing the prior program

 

Chief Executive Officer, Scott D. Sheffield stated, "Pioneer reported an outstanding first quarter, achieving strong production growth and returning significant capital to shareholders. Our continued focus on efficient operations and the development of our best-in-class, high-return assets delivered production near the top end of guidance and generated approximately $950 million of free cash flow. This free cash flow, coupled with our strong balance sheet, supported $1.3 billion of shareholder returns through our second quarter base-plus-variable dividend of $3.34 per share and $500 million of opportunistic first quarter share repurchases.”

 

Marathon Oil (NYSE: MRO), an independent oil and gas exploration and production (E&P) company focused on four of the most competitive resource plays in the US, including Eagle Ford, Texas, on May 3rd reported first quarter 2023 net income of $417 million or $0.66 per diluted share, which includes the impact of certain items not typically represented in analysts' earnings estimates and that would otherwise affect comparability of results. Adjusted net income was $420 million or $0.67 per diluted share. Net operating cash flow was $865 million or $942 million before changes in working capital (adjusted CFO). Free cash flow was $333 million or $309 million before changes in working capital and including Equatorial Guinea (E.G.) distributions and other financing (adjusted FCF).

 

Another oil and gas junior betting on Texas, Ring Energy, Inc. (NYSE: REI), with current operations focused on the conventional development of its Permian Basin assets announced on May 3, 2023 its financial results for the first quarter of 2023. In addition, the Company provided second quarter guidance and reiterated its full year 2023 outlook.

 

From the news: Grew first quarter 2023 sales volumes 2% to a record 18,292 barrels of oil equivalent per day (“Boe/d”) (69% oil) from 17,856 Boe/d (68% oil) for the fourth quarter of 2022;

 

First quarter 2023 sales volumes were at the high-end of the Company’s guidance range of 17,800 to 18,300 Boe/d;

 

Reported net income of $32.7 million, or $0.17 per diluted share, in the first quarter of 2023, versus net income of $14.5 million, or $0.08 per diluted share’ in the fourth quarter of 2022;

 

First quarter 2023 included a gain on derivative contracts of $9.5 million while fourth quarter 2022 included a loss on derivative contracts of $19.3 million;

 

Increased Adjusted Net Income1 by 15% to $25.0 million, or $0.14 per share, for the first quarter of 2023 from $21.8 million, or $0.13 per share, in the fourth quarter of 2022;

 

Generated record Adjusted EBITDA1 of $58.6 million for the first quarter of 2023, which was 4% higher than the previous record set in the fourth quarter of 2022 of $56.3 million;

 

Delivered Free Cash Flow1 of $10.5 million and record Cash Flow from Operations1 of $49.4 million in the first quarter of 2023;

 

Remained cash flow positive for the 14th consecutive quarter.

 

So for investors looking at the oil and gas sector, maybe “Goin' Back to Texas” is the way to go.

 

Research oil and gas stocks at Investorideas.com stock directory

https://www.investorideas.com/OGSN/Stock_List.asp

 

 

About Investorideas.com - Big Investing Ideas

We publish breaking stock news, stock research, guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water. 

 

Disclaimer/Disclosure: Investorideas.com -Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more.. Contact management and IR of each company directly regarding specific questions. Disclosure: this news article featuring SITS is a paid for news release on Investorideas.com   More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

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#AIEye #Podcast: #Stocks discussed: (NasdaqGS: $INTC) (NYSE: $PLTR)

 

 

#AIEye #Podcast: #Stocks discussed: (NasdaqGS: $INTC) (NYSE: $PLTR)

 

Intel Shares Portfolio of Future HPC and AI Products, and Palantir Developing AI Model with Fashion Retailer C&A Modas

 

Global #AIMarket to Reach $718.7B by 2029

 

Vancouver, Kelowna, Delta, BC – May 23, 2023  – Investorideas.com, a global investor news source covering Artificial Intelligence (AI) brings you today’s edition of  The AI Eye-watching stock news, deal tracker and advancements in artificial intelligence

 

Today’s  podcast is sponsored by Fintech Company AppTech Payments Corp. (NasdaqCM:APCX).

 

Listen to today’s podcast:

https://www.investorideas.com/Audio/Podcasts/2023/052323-AI-Eye.mp3

 

Read this in full at https://www.investorideas.com/news/2023/artificial-intelligence/05231INTC-PLTR.asp

 

Hear the Ai Eye on Spotify  

 

Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

 

Stocks discussed: (NasdaqGS:INTC) (NYSE:PLTR)

 

Intel (NasdaqGS:INTC) has showcased its portfolio of future HPC and AI products and announced an ambitious international effort to use the Aurora supercomputer to develop generative AI models for science and society at the ISC High Performance Conference in Hamburg, Germany. Jeff McVeigh, Intel’s corporate VP and general manager of the Super Compute Group, explained:

 

"Intel is committed to serving the HPC and AI community with products that help customers and end-users make breakthrough discoveries faster. Our product portfolio spanning Intel^® Xeon^® CPU Max Series, Intel^® Data Center GPU Max Series, 4th Generation Intel^® Xeon^® Scalable Processors and Habana^® Gaudi^®2 are outperforming the competition on a variety of workloads, offering energy and total cost of ownership advantages, democratizing AI and providing choice, openness and flexibility."

 

Palantir Technologies Inc. (NYSE:PLTR) and fashion retailer C&A Modas S.A have announced the development of an Integrated Management Flow system using the Palantir Foundry platform. Foundry, according to the press release, is “a platform for AI-powered operations,” and “supercharges existing technology investments to bridge siloed planning and execution processes, optimize inventory management, and help build supply chain resilience for economic and geopolitical uncertainty.” Bruno Ferreira, Planning and Business Intelligence Director for C&A Brazil, said:

 

"We are the first Brazilian fashion retail brand to rely on this artificial intelligence technology. The flow developed allowed us to optimize and speed up the entire purchase process: from the initial planning, to sending the products to the stores. Among the significant gains, I'd highlight the increase of sales of products that were in stock and the reduction of unnecessary overstock.”

 

Global AI Market to Reach $718.7B by 2029

 

A report published by Fairfield Market Research finds that the global market for Artificial Intelligence is projected to grow from $29.9 billion USD in 2019 to $718.7 billion by 2029, registering a compound annual growth rate (CAGR) of 31.2 percent in the forecast period 2022-30. The following excerpt from the report’s description outlines the impact of AI on the BFSI (banking, financial services and insurance) market, which represents the highest rate of adoption in the AI market.

 

With more than 28% revenue share in the global artificial intelligence market, the BFSI segment will continue to surge ahead in the long term. Widening uptake of the AI technology for FinTech applications, risk assessment, financial analysis, portfolio or investment management, and regulatory compliance is expected to drive top performance of the BFSI industry in terms of AI consumption in the worldwide AI industry. Rampant e-Commerce expansion represents a strong factor underpinning the next key positioning of the e-Commerce segment in uplifting the prospects of the AI market.

 

Sam Mowers, Investorideas.com

 

Read and hear other editions of the AI  Eye

 

For a list of artificial intelligence stocks on Investorideas.com visit here

 

Podcast sponsor: 

AppTech Payments Corp. (NasdaqCM:APCX) is an innovative Fintech company whose mission is to deliver a better way for businesses to provide their customers with immersive commerce experiences. Commerse™, its all-new, patent-backed technology platform powering seamless omni-channel Commerce Experiences-as-a-Service (CXS), drives highly secure, scalable, cross-border digital banking, text-to-pay, crypto payments and merchant services altogether from a single, unified stack designed to increase operational efficiencies and growth for businesses while providing the economic convenience that their customers demand from today’s commerce experiences. For more information, visit apptechcorp.com.

 

About Investorideas.com - Big Investing Ideas

We publish breaking stock news, stock research, guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water. 

 

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Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

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Breaking #Tech #Stock News: GBT (OTCPK: $GTCH) Integrated Circuit’s Geometrical Design Rule Automatic Correction Patent, Received a Notice of Allowance; @gbtt_inc

 

Breaking #Tech #Stock News: GBT (OTCPK: $GTCH) Integrated Circuit’s Geometrical Design Rule Automatic Correction Patent, Received a Notice of Allowance; @gbtt_inc

 

The patent describes an innovative technology to enable faster and higher performance and quality, advanced nanometer, integrated circuits design

 

SAN DIEGO, CA, May 23, 2023 -- (Investorideas.com Newswire) GBT Technologies Inc. (OTC PINK: GTCH) ("GBT” or the “Company”), received a notice of allowance for its nonprovisional patent application for integrated circuits (IC) geometrical design rule automatic correction system and method, internal code name Omega. The patent protects a technology for automatic correction of geometrical design rule violations within an integrated circuit’s layout. IC layout Design Rule Check (DRC) correction is the process of identifying and rectifying geometrical violations in the layout design of an IC to comply with the manufacturing process design rules.

 

Read this in full at https://www.investorideas.com/CO/GOPH/news/2023/05231IC-Geometrical-Design-Rule.asp

 

Design rules define the physical constraints and limitations for creating microchip’s layouts, ensuring manufacturability and functionality. Typically, this type of DRC correction is done manually and takes a considerable amount of time to perform. The invention describes system and methods for automatic correction of IC’s layout without any manual intervention, maintaining its electrical connectivity and keeping compliance with design for manufacturing (DFM) and Reliability Verification (RV) constraints. When an IC layout is created, it undergoes a DRC verification process to check for violations against the specified design rules. These violations can include geometrical errors, such as spacing violations, overlapping, or incorrect widths, which can affect the performance, functionality and reliability of the IC. Particularly in advanced nanometer nodes of 5nm and below, a manual design rule correction may take a significant amount of time and increases the overall project’s design time.

 

The goal of the Omega invention is to perform the correction within minutes using Artificial Intelligence neural network algorithms. The described technology performs DRC Analysis where the layout is analyzed to identify design rule violations. The DRC tool checks the layout against rules related to dimensions, spacing, proximity, alignment, and similar. After violation Identification, a report is generated, highlighting the violations found in the layout.

Each violation is categorized based on its severity, such as errors that must be fixed (hard violations) or warnings that might affect performance (soft violations). The system then reviews the DRC report to understand the nature, location and the implications of the violations. This involves analyzing the design and identifying the specific layout elements causing the violations.

 

The technology operates according to Machine Learning-driven, automatic correction strategies. Based on the identified violations, the technology formulates strategies to rectify the errors. This can involve adjusting the layout geometry, modifying the placement of components, resizing or repositioning polygons or making other layout changes. The patent describes a capability to perform a full hierarchical correction throughout the microchip’s sub-blocks considering electrical and manufacturing aspects. As the number and complexity of IC’s design rules have been dramatically increased over the recent decade especially in small scale nanometer nodes of 7nm and below, it creates a bottleneck to maintain reasonable timelines, meeting release schedules and achieving desired semiconductor’s cost. The invention seeks to solve this crisis by providing an automation technology to correct design rule violations with a click-of-a-button, improving the design’s quality and electrical characteristics, enabling the design and manufacturing of better chips with higher silicon yield, faster. GBT plans to continue its R&D efforts in this domain introducing further innovative advancements in the field in the upcoming years.

 

About Us

GBT Technologies, Inc. (OTC PINK: GTCH) (“GBT”) (http://gbtti.com) is a development stage company which considers itself a native of Internet of Things (IoT), Artificial Intelligence (AI) and Enabled Mobile Technology Platforms used to increase IC performance. GBT has assembled a team with extensive technology expertise and is building an intellectual property portfolio consisting of many patents. GBT’s mission, to license the technology and IP to synergetic partners in the areas of hardware and software. Once commercialized, it is GBT’s goal to have a suite of products including smart microchips, AI, encryption, Blockchain, IC design, mobile security applications, database management protocols, with tracking and supporting cloud software (without the need for GPS). GBT envisions this system as a creation of a global mesh network using advanced nodes and super performing new generation IC technology. The core of the system will be its advanced microchip technology; technology that can be installed in any mobile or fixed device worldwide. GBT’s vision is to produce this system as a low cost, secure, private-mesh-network between all enabled devices. Thus, providing shared processing, advanced mobile database management and sharing while using these enhanced mobile features as an alternative to traditional carrier services.

Forward-Looking Statements

Certain statements contained in this press release may constitute "forward-looking statements".  Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements because of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website ( http://www.sec.gov).  In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company’s ability to raise capital on acceptable terms, if at all, the Company’s successful development of its products and the integration into its existing products and the commercial acceptance of the Company’s products.  The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change.  However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so.  These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.

 

Contact:

Dr. Danny Rittman, CTO
info@gbtti.com

 

GBT Technologies Inc. (OTCQB:GTCH) is a featured tech stock on Investorideas.com

 

More info on GTCH at Investorideas.com Visit: https://www.investorideas.com/CO/GOPH/

 

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Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: GTCH is a PR, social media and publishing client and compensates Investorideas.com https://www.investorideas.com/About/News/Clientspecifics.asp Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com  Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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