| | 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. | | 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. | Learn more: | Clicking the button will: | Take you to Pytheas' investment page on Equifund Give Pytheas permission to email you | | To learn more about Pytheas without giving permission to email, click here. | | 📰 Market Headlines | | US stocks tumbled as Iran launched a missile attack on Israel, escalating tensions in the Middle East. The S&P 500 dropped 0.93%, while the Nasdaq plunged 1.53%. The Dow fell about 0.4%. The missile attack came in retaliation for Israel's recent killing of Hezbollah leader Hassan Nasrallah and an Iranian commander. A dockworkers' strike began at East and Southern coast ports, affecting more than half of all American imports and exports. California has signed a law banning misleading food labels like "sell by" and "best before" to reduce food waste and confusion. | | 🕶️ Market Vibes | 🎰 Market Forecasts and Futures | Forecasts via Kalshi, the prediction market. | | 😱 Fear and Greed Index | | | 🎤 What you said last time | | What you had to say: | “My brother and I watched Pete Rose play for many years. He was a fantastic ballplayer. His off-the-field activities may keep him from heaven, but that shouldn’t impact his inclusion in the Hall of Fame.” | | | 🧠 What do you think? | Iran fired 180 missiles at Israel yesterday, mostly ineffectively. What’s next? | What's next for this crisis? | | | 📊 Stocks | | | Winners and losers | Earnings, upgrades, and acquisitions | Nike reported a larger-than-expected 10.4% drop in Q1 revenue, missing estimates; shares fell 2.5%. McCormick raised its FY2024 earnings outlook after Q3 profit jumped, and shares climbed 5%. Lamb Weston is expected to report a 6.7% year-over-year revenue decline to $1.55 billion in Q3; shares rose 8.2%. | Market movers | The US warned that over 40 foreign airlines may be using Boeing 737s with malfunctioning rudder controls. Apple faced accusations from the US labor board of imposing illegal workplace rules. US regulators advised Jeep owners to park 154,000 plug-in hybrid SUVs outside due to fire risks. CVS Health announced layoffs of nearly 2,900 employees, as part of a cost-cutting initiative. | Ideas, trends, and analysis |
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| Only 2.5% of US homes changed hands in the first eight months of 2024, the lowest turnover rate in at least 30 years. US job openings unexpectedly rose to 8 million in August, up from 7.7 million in July. Violent crime plunged 10.3% in the first six months of 2024, according to preliminary FBI data. |
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| | | 🌍 Global Perspectives | | 🇷🇺 Putin ordered the conscription of 133,000 servicemen in Russia's autumn draft. 🇹🇭 A school bus fire in Thailand killed at least 23 people, including students and teachers on a field trip. 🇺🇸 🇨🇳 The US raised new concerns about China's emergency loans to debt-ridden countries, warning of a lack of transparency. 🇺🇦 🇷🇺 Ukraine launched an investigation into the alleged shooting of 16 Ukrainian prisoners of war by Russian troops. |
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| | 📊 Crypto | | Ohio State Senator Niraj Antani introduced legislation to legalize Bitcoin and crypto payments for state taxes and fees. An Indiana man pleaded guilty to stealing over $37 million in cryptocurrency from nearly 600 victims. Hashdex filed an amended S-1 for its Nasdaq Crypto Index US ETF. Justin Sun received $8.75 million from an EigenLayer airdrop. | |
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| | 🧠 Errata | Comet Tsuchinshan-ATLAS made its first appearance in 80,000 years. Tom Brady announced plans to sell his watch collection through Sotheby's, valued up to $800,000. Playwright Ayad Akhtar deployed AI to help write his latest work. A US firefly species may blink out as officials seek to list it as endangered for the first time. NASA made plans to grow mushroom houses on the moon. |
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| | 📺 What to Watch Today | | Comet Tsuchinshan-ATLAS caputured in amazing time-lapse from space |
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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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