Latest news with #GulfOfMexico
Yahoo
5 days ago
- Business
- Yahoo
Here is Why Sable Offshore (SOC) Skyrocketed This Week
The share price of Sable Offshore Corp. (NYSE:SOC) surged by 35.52% between July 15 and July 22, 2025, putting it among the Energy Stocks that Gained the Most This Week. An offshore drilling rig in the Gulf of Mexico surrounded by a sea of blue. Sable Offshore Corp. (NYSE:SOC) is a Houston-based independent upstream company focused on developing the prolific Santa Ynez Unit in federal waters offshore California. Sable Offshore Corp. (NYSE:SOC) soared recently after a California court ruling allowed the company to move forward with certain preparatory steps for restarting its Las Flores pipelines, but prohibited the actual restart pending the receipt of a signed notice of compliance. Following the development, Jefferies analyst Lloyd Byrne stated that Sable Offshore Corp. (NYSE:SOC) is on track to have the injunction lifted and to restart Santa Ynez Unit operations. Moreover, Roth Capital analyst Leo Mariani also stated that the ruling means the 'path is paved' for Sable to receive a final affirmative ruling for its offshore pipeline to be restarted in the 'very near future'. While we acknowledge the potential of SOC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and The 5 Energy Stocks Billionaires are Quietly Piling Into. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
Alpha From Ashes: ‘Big Loser' Comstock Resources (CRK) is Flashing a Statistically Significant Reversal Signal
You've all heard the aphorism of buy low and sell high. But have you ever noticed that hardly anyone provides a tangible blueprint for how to actually find these hidden gems? We're going to change that right now. More News from Barchart NVDA Broken Wing Butterfly Trade Targets A Profit Zone Between 150 and 160 Tariff Deals Spark Unusual Options Trading in Carrier Global Corp Stock Low IV Alert: Stocks that Could be Ready to Pop Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! One of the many Barchart screeners that's particularly helpful for bargain-hunting speculators is the one-day percentage change decline list. As the name implies, it lists out the biggest losers on the day. Usually, people should avoid attempting to catch falling knives. When a publicly traded security loses a significant amount of value in a single session, there's almost always a reason for it — and not a good one. With that warning out of the way, I'm going to make an exception for Comstock Resources (CRK). An independent energy company, Comstock is engaged in the acquisition, development, production and exploration of oil and natural gas properties. Per its public profile, the enterprise's hydrocarbon reserve base is entirely concentrated in the Gulf of Mexico, Southeast Texas and East Texas/North Louisiana regions. Fundamentally, CRK stock would seem to be an intriguing idea, especially under the Trump administration. However, shareholders would have different thoughts for right now. On Wednesday, CRK slipped almost 4%. In the past five sessions, the security dropped more than 11%. To be sure, the year-to-date performance stands at nearly 13%, making it a very solid name relative to the benchmark S&P 500 index. So, what gives? It's difficult to say, although Barchart content partner Zacks reported a spike in implied volatility due to the purchase of a $3 put that expired last week on July 18. Other than that, the news cycle seems dry. Interestingly, though, the company is scheduled to release its earnings results after the closing bell on July 30. A better-than-expected print or guidance may help lift CRK stock from its funk — and its statistical framework is pointing to exactly that. Using Objective Truth to Decipher CRK Stock Scientists and theologians often spar on the existence of objective truth in the universe. It's a contentious topic, one that I'm obviously not going to explore here. However, I do find the concept of truth fascinating, in part because it's a rare — possibly near-extinct — commodity in the financial publication realm. It's here that many people may have a knee-jerk reaction. Hey, what a minute, CRK stock closed at $20.55 on the midweek session and is priced at 4.91-times trailing-12-month (TTM) sales…that's truth! No, I'm afraid those are facts. And what is typipcally considered 'analysis' in the financial realm comes down to heuristics formulated from those facts. Sorry for the red pill but once you see it, you can't unsee it. Think about all the times we've heard experts talk about a stock being offered at a 'good price' or a company stumbling on 'bad earnings.' But what do those labels even mean? There's no objective mechanism to determine that since scalar metrics like share price or earnings are unbounded and therefore undefinable. The only objective truth? At the end of the day, the market is either a net buyer or net seller. Consider what has been happening in the trailing two months. CRK stock has printed (including the current week) four up weeks and six down weeks, with an overall negative trajectory across the 10-week period. This sequence can be abbreviated as 4-6-D. It may seem ridiculous to compress the magnitude dynamism of CRK stock into a simple binary code. But consider what's happening here. In the past 10 weeks, the market has been a net buyer four times and a net seller six times. This is a falsifiable sequence. When we stack this pattern against others across rolling 10-week intervals (going back to January 2019), we get the following demand profile for CRK stock: L10 Category Sample Size Up Probability Baseline Probability Median Return if Up 2-8-D 8 75.00% 50.58% 4.09% 3-7-D 28 46.43% 50.58% 3.24% 3-7-U 5 40.00% 50.58% 4.28% 4-6-D 46 69.57% 50.58% 4.62% 4-6-U 16 62.50% 50.58% 3.68% 5-5-D 51 50.98% 50.58% 7.23% 5-5-U 45 48.89% 50.58% 7.17% 5-5-F 1 100.00% 50.58% 0.62% 6-4-D 13 61.54% 50.58% 8.57% 6-4-U 71 39.44% 50.58% 3.92% 7-3-U 33 33.33% 50.58% 9.09% 8-2-U 1 0.00% 50.58% N/A Interestingly, the 4-6-D sequence has flashed 46 times. In 69.57% of cases, the following week's price action results in upside, with a median return of 4.62%. Should the bulls maintain control for a second week, the median forecasted performance is an additional 3.63%. That may mean that CRK stock is on course to hit around $22.28. As a baseline, the chance that a long position in CRK will rise on any given week is only 50.44%. This is essentially our null hypothesis, our expected performance assuming no mispricing. The beauty of the 4-6-D signal is that the odds now dramatically favor the bulls. A Rationally Aggressive Trade Based on the market intelligence above, the 21/22 bull call spread expiring Aug. 15 is awfully intriguing. This transaction involves buying the $21 call and simultaneously selling the $22 call, for a net debit paid of $50. Should CRK stock rise through the short strike price ($22) at expiration, the maximum reward is also $50, a 100% payout. With earnings coming up next week, though, super-aggressive speculators may consider ramping up the short strike price to $23. In that case, the 21/23 bull spread would offer the highest payout at almost 167%. Some might wonder at this point about the reliability of the 4-6-D sequence. Running a one-tailed binominal test reveals a p-value of 0.0067, translating to a 99.33% confidence level that the signal is 'intentional' rather than random. Scientifically, this metric meets the threshold of statistical significance. This doesn't guarantee a successful outcome, to be clear. However, it lets you know that there's something about this sequence that extends well beyond white noise — and that's how we can extract alpha from heavily cheapened stocks. On the date of publication, Josh Enomoto did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. 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Yahoo
22-07-2025
- Science
- Yahoo
Elon Now Facing the Possibility That SpaceX Will Never Get Starship Working
SpaceX is nine full-scale test launches into developing its enormous, nearly 400-feet-tall Starship, the most powerful rocket ever built. Over the last two and a half years, we've seen over half a dozen spectacular explosions. Two launches earlier this year sent massive streaks of debris hurtling over the Turks and Caicos Islands, prompting airspace closures. Its most recent test in May ended in an uncontrolled splashdown in the Gulf of Mexico after helplessly spinning on its axis and suffering fuel leaks. The stakes are incredibly high for the Elon Musk-led space firm, which has garnered a reputation for its unusually aggressive iterative design philosophy. Its billionaire founder has made Starship the key component of his endeavor to send humans to Mars, and it also happens to be the linchpin of SpaceX's future plans for its Starlink satellite network — the major driver of revenue, on which he's staking the company's future — which will require the launching of thousands of satellites each year. But Starship's repeated test launch failures are forcing experts to ask tough questions about the super-heavy launch platform's actual viability, as New York Magazine reports. Will Starship ever get off the ground, do its job, and make it back down in one piece? What about NASA's plans to tap the rocket for its upcoming Moon landing? Could the project have been doomed from the start? "The question is not, 'Can you build an upper stage that is reusable with high-performance rocket engines?'" Reflect Orbital chief engineer Charlie Garcia told NYMag. "The question is, 'Can you do it cost-effectively, and can you do it with quick reusability turnaround?'" If Musk's characteristically boisterous predictions are anything to go by, Starship could have an extremely quick turnaround time between launches thanks to a "Mechazilla" tower that catches both its booster and upper stage. But history has already shown how reality could greatly diverge from those dreams. Case in point: NASA's Space Shuttle. "I remember reading a book in the 1970s about how the space shuttle would be flying every two weeks and cost low hundreds of dollars per pound to orbit," Paragon Space Development Corporation cofounder Grant Anderson told NYMag. "It never did that, obviously." SpaceX's latest Starship launch was seen by many as a step backward, even after previous failures. The company determined that a nitrogen tank in the ship's nosecone had failed, in contrast to the times its predecessors gently lowered themselves into the ocean. Flight 7 and 8 also both experienced issues around the same time in their respective launches, prompting concerns. "If you have a failure at the same stage twice for the same reason, and they can't solve the problem, that's an indication that there's a design flaw that's more than just an 'Oops!'" Anderson told NYMag. All eyes will be on SpaceX in the coming weeks. Musk has promised that the next Starship test launch — the tenth overall — will take place sometime in early August. Giving reassurance is the rocket's booster, which has repeatedly made it back to the launch pad in one piece after being caught by SpaceX's "chopstick" arms-wielding launch tower. Yet nobody knows how SpaceX's Starship will fare from here. Have the last couple of years been leading up to nothing, if critics are to be believed, or could Starship fulfill Musk's dreams of delivering humans to the Moon, Mars, and potentially beyond? SpaceX still has a lot to prove — and the time is quickly running out with each dramatic explosion. More on Starship: Video Shows Large Crane Collapsing at Safety-Plagued SpaceX Rocket Facility Solve the daily Crossword
Reuters
22-07-2025
- Politics
- Reuters
US appeals court will not lift limits on Associated Press access to White House
July 22 (Reuters) - A U.S. appeals court on Tuesday declined to lift restrictions imposed by President Donald Trump's administration on White House access by Associated Press journalists after the news organization declined to refer to the body of water long called the Gulf of Mexico as the Gulf of America as he prefers. The full U.S. Court of Appeals for the District of Columbia Circuit kept in place a June 6 decision by a divided three-judge panel that the administration could legally restrict access to the AP to news events in the Oval Office and other locations controlled by the White House, including Air Force One. The D.C. Circuit order denied, opens new tab the AP's request that it review the matter, setting up a possible appeal to the U.S. Supreme Court. The Associated Press in a statement on Tuesday said it was disappointed by the court's decision and will remain focused on free speech rights as the case continues. "As we've said throughout, the press and the public have a fundamental right to speak freely without government retaliation," the AP said. The White House did not immediately respond to a request for comment on Tuesday. In a lawsuit filed in February, the AP argued that the limitations on its access imposed by the administration violated the U.S. Constitution's First Amendment protections against government abridgment of free speech. Trump in January signed an executive order officially directing federal agencies to refer to the Gulf of Mexico as the Gulf of America. The AP sued after the White House restricted its access over its decision not to use "Gulf of America" in its news reports. The AP Stylebook states that the Gulf of Mexico has carried that name for more than 400 years. AP said that as a global news agency, it will refer to the body of water by its longstanding name while acknowledging the new name Trump has chosen. Reuters and the AP both issued statements denouncing the access restrictions, which put wire services in a larger rotation with about 30 other newspaper and print outlets. Other media customers, including local news outlets with no presence in Washington, rely on real-time reports by the wire services of presidential statements, as do global financial markets. The Trump administration has said the president has absolute discretion over media access to the White House. The AP won a key order in the trial court when U.S. District Judge Treevor McFadden, who was appointed by Trump during his first term, decided that if the White House opens its doors to some journalists it cannot exclude others based on their viewpoints, citing the First Amendment. The D.C. Circuit panel in its 2-1 ruling in June paused McFadden's order. The two judges in the majority, Neomi Rao and Gregory Katsas, were appointed by Trump during his first term in office. The dissenting judge, Cornelia Pillard, is an appointee of Democratic former President Barack Obama.
Reuters
22-07-2025
- Politics
- Reuters
US appeals court won't lift limits on Associated Press access to White House
July 22 (Reuters) - A U.S. appeals court on Tuesday declined to lift restrictions imposed by President Donald Trump's administration on White House access by Associated Press journalists after the news organization declined to refer to the body of water long called the Gulf of Mexico as the Gulf of America as he prefers. The full U.S. Court of Appeals for the District of Columbia Circuit kept in place a June 6 decision by a divided three-judge panel that the administration could legally restrict access to the AP to news events in the Oval Office and other locations controlled by the White House including Air Force One. The D.C. Circuit order denied, opens new tab the AP's request that it review the matter, setting up a possible appeal to the U.S. Supreme Court. The Associated Press and White House did not immediately respond to requests for comment on Tuesday. In a lawsuit filed in February, the AP argued that the limitations on its access imposed by the administration violated the U.S. Constitution's First Amendment protections against government abridgment of free speech. Trump in January signed an executive order officially directing federal agencies to refer to the Gulf of Mexico as the Gulf of America. The AP sued after the White House restricted its access over its decision not to use "Gulf of America" in its news reports. The AP stylebook states that the Gulf of Mexico has carried that name for more than 400 years. AP said that as a global news agency it will refer to the body of water by its longstanding name while acknowledging the new name Trump has chosen. Reuters and the AP both issued statements denouncing the access restrictions, which put wire services in a larger rotation with about 30 other newspaper and print outlets. Other media customers, including local news outlets with no presence in Washington, rely on real-time reports by the wire services of presidential statements, as do global financial markets. The Trump administration has said the president has absolute discretion over media access to the White House. The AP won a key order in the trial court when U.S. District Judge Treevor McFadden, who was appointed by Trump during his first term, decided that if the White House opens its doors to some journalists it cannot exclude others based on their viewpoints, citing the First Amendment. The D.C. Circuit panel in its 2-1 ruling in June paused McFadden's order. The two judges in the majority, Neomi Rao and Gregory Katsas, were appointed by Trump during his first term in office. The dissenting judge, Cornelia Pillard, is an appointee of Democratic former President Barack Obama.
