| | 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 | | Stocks ended mixed yesterday as investors digested Fed Chair Powell's comments on future rate cuts. The S&P 500 and Dow Jones inched up 0.4% and 0.2% respectively, while the Nasdaq slipped 0.3%. Powell signaled gradual rate cuts were coming but emphasized a measured pace.
The US bought 6 million barrels of oil for the Strategic Petroleum Reserve for delivery through May 2025. AI chipmaker Cerebras Systems filed for an IPO to challenge Nvidia. Hurricane Helene's death toll hit 100, with damages estimated at up to $100 billion.
| | 🕶️ 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: | “definite clown show on the open seas.” | | | 🧠 What do you think? | Pete Rose died last night. | Should Pete Rose be in the Baseball Hall of Fame? | | | 📊 Stocks | | | Winners and losers | Earnings, upgrades, and acquisitions | | Market movers | Amgen has been charged with a lawsuit over misleading statements about its Lumakras cancer drug's effectiveness. T-Mobile agreed to pay $31.5 million to settle an FCC probe into data breaches affecting tens of millions of customers. Stellantis recalled 194,000 Jeep plug-in hybrids due to fire risks after 13 reported incidents. Verizon experienced a widespread network outage affecting thousands of users across the US, prompting an FCC investigation. SpaceX grounded its Falcon 9 rocket after a third anomaly in three months. Series Entertainment quietly raised $28 million from Netflix, Dell, and a16z for its AI-powered game development platform.
| Ideas, trends, and analysis |
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| The American Dream now costs $4.4 million. Home sales climbed as mortgage rates dipped to 6.63% from 6.69%. Starter-home affordability improved for the first time since 2020.
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|     | | 🌍 Global Perspectives | | 🇰🇵 North Korea ruled out future US diplomacy regardless of the presidential election's outcome. 🇱🇧 🇮🇱 Lebanese troops withdrew from southern positions as Israel’s invasion neared. 🇦🇹 Austria’s far-right Freedom Party won with 29% but remained isolated without a majority. 🇺🇸 The Biden administration tightened border rules, keeping the asylum ban in place until arrests drop below a daily average of 1,500 over 28 days. 🇦🇱 Albanian opposition set fire to chairs outside parliament, protesting the imprisonment of a colleague for making a "false report."
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| | 📊 Crypto | | Taiwan opened crypto ETFs to professional investors, joining a global trend. Paxos Gold (PAXG) surpassed $500 million in total locked value. Swiss BIO Association announced plans to issue BIO tokens for biotech-crypto integration. Ethereum Foundation sold $10 million in ether, stirring transparency debates. The UK achieved its first illegal crypto ATM conviction, with £2.6 million processed.
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| | 🧠 Errata | Firefighters in England rescued a bull named Cinnamon from a sinkhole. Basketball Hall of Famer Dikembe Mutombo died at 58 from brain cancer. Idaho man walked 1,178 feet with a running lawn mower balanced on his chin. Florida Man was impressed. Over 90,000 Georgia residents sheltered after a chemical plant fire sent a plume of smoke across metro Atlanta.
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| | 📺 What to Watch Today |  | Over 90,000 Georgia residents taking shelter after chemical fire as haze, smell spreads to Atlanta |
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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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