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Unlock hidden value in stripper wells |
Stripper wells are oil or gas wells that produce smaller quantities of oil or gas. |
Large oil companies often overlook them due to the smaller scale of production. Despite their low output, stripper wells can still be quite profitable — especially when oil prices are elevated (like right now) |
Pytheas Energy uses AI to revitalize these wells, transform them into efficient producers, and generate cash at a fraction of the cost of larger oil projects. |
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How it works: |
Acquire underperforming wells for cheap: Pytheas acquires these wells at a very low cost per well, taking advantage of undervalued assets in areas like the Permian Basin and the Bakken Basin. Improve production efficiency: Pytheas leverages AI and machine learning to analyze and optimize well operations. By making the wells more efficient, Pytheas can increase production without increasing operating costs. Generate consistent cash flow: Once the wells are optimized, they produce a steady amount of oil or gas daily. This production generates predictable cash flow, similar to the steady returns from a real estate investment, where rent is paid out over time. Scale up: While each stripper well produces a smaller amount, Pytheas builds a portfolio of these wells to generate significant overall production. This can create substantial revenue streams. Sell oil at market prices: The oil extracted from these wells is sold at market prices, which, given current projections, is expected to remain elevated at around $90-$94 per barrel in 2024.
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Learn more: |
Clicking the button will: |
Take you to Pytheas' investment page on Equifund Give Pytheas permission to email you
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To learn more about Pytheas without giving permission to email, click here. |
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📰 Market Headlines |
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Stocks slipped as investors awaited jobs report, with the Dow leading declines as tensions rise in the Middle East. |
The S&P 500 fell 0.2% and the Dow dropped 0.4%, while the Nasdaq finished just below the flatline. Oil prices surged over 5% for a third consecutive day on concerns about potential Israeli retaliation against Iran.
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Trump Media's COO abruptly resigned as the company agreed to release nearly 800,000 shares worth $12.7 million. |
The dockworkers' union suspended a strike until January 15, 2024, to allow negotiations for a new contract. |
McDonalds announced plans to launch the Chicken Big Mac in the US on October 10, 2024, following its success in the UK. |
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🕶️ Market Vibes |
🎰 Market Forecasts and Futures |
Forecasts via Kalshi, the prediction market. |
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😱 Fear and Greed Index |
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🎤 What you said last time |
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What you had to say: |
“The head guy of the union makes $900,000 a year. That’s not enough?? If we give them 77% more in pay, expect inflation not to be far behind. Would be cheaper to open a window and throw money out of it.” |
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📈 Trends you need to know | | The British Empire is much smaller than it used to be. |
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🧠 What do you think? |
Tesla recalled over 27,000 Cybertrucks due to delayed rear-view camera images, marking its fifth recall this year. |
Tesla's Cybertruck |
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📊 Stocks |
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Winners and losers |
Earnings, upgrades, and acquisitions |
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Market movers |
Starling Bank was fined $39 million by the UK's FCA for inadequate financial crime controls from 2021 to 2023. Paramount Global was charged with a class action lawsuit over its recent layoffs. Eli Lilly’s weight-loss drugs Mounjaro and Zepbound were removed from the FDA's shortage list.
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Ideas, trends, and analysis |
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🌍 Global Perspectives | | 🇺🇦 🇷🇺 Russian forces launched a major drone attack on 15 Ukrainian regions, damaging energy infrastructure. 🇺🇸 🇮🇷 US President Biden said discussions were underway about striking Iranian oil facilities in response to Iran's recent assault on Israel. 🇬🇧 🇲🇺 Britain ceded sovereignty of the Chagos Islands to Mauritius while retaining the Diego Garcia military base. 🇮🇱 🇱🇧 Israel ordered residents of over 20 south Lebanon towns to evacuate immediately. 🇾🇪 Houthi rebels in Yemen warned shipowners via email of a new phase in their Red Sea campaign, causing some shipping companies to avoid the area.
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📊 Crypto | | The SEC appealed a previous ruling in its Ripple case, citing conflict with Supreme Court precedent. Grayscale launched the Grayscale Aave Trust, offering accredited investors exposure to the AAVE governance token. Visa unveiled its Tokenized Asset Platform (VTAP), enabling banks to issue fiat-backed tokens on blockchains. An upcoming HBO documentary claims to unmask Bitcoin creator Satoshi Nakamoto.
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🧠 Errata | An instructor at a California sky-diving center, which has seen 28 deaths since 1985, has been sentenced to prison. Researchers used satellite imagery to unmask methane leaks from LNG tankers. A college grad scored a $693k payday after his landlord tossed his stuff. Father-daughter duo sued after an IVF mix-up revealed they're not biologically related.
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📺 What to Watch Today |
 | DNA test leads Las Vegas family to sue fertility clinic over wrong embryo |
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That’s all for today. Did I miss anything? Smash the reply button to let me know. | Cheers, | Wyatt |
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