BP has decided to abandon its goal of reducing oil and gas production by 2030, as the company shifts its focus. BP's CEO, Murray Auchincloss, is working on revamping the company's energy transition strategy to rebuild investor confidence.Instead of reducing production, BP plans to increase investments in the Middle East and the Gulf of Mexico. This strategic change aims to boost BP's oil and gas output.A spokesperson for BP commented that the company is aiming to become a simpler, more focused, and higher-v ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Target (TGT) .Target currently has an average brokerage recommendation (ABR) of 1.84, on a scal ...

KEY TAKEAWAYS BP reportedly has given up on its goal to cut oil and gas output by 2030, as the British energy giant's chief executive seeks to build back investor confidence in the company.According to Reuters, BP CEO Murray Auchincloss is resetting BP's energy transition strategy, instead looking to boost its oil and gas output through new investments in the Middle East and the Gulf of Mexico.BP in February said it planned a 25% cut in oil and gas output by 2030, stepping back from a previous goal of a 40% ...

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A lot of the places around the world where you can find a lot of crude oil and natural gas aren’t the most hospitable places for investors. It is only the highly lucrative business that attracts them in theI’m Jason Ditz and I have 20 years of experience in foreign policy research. My work has appeared in Forbes, Toronto Star, Minneapolis Star-Tribune, Providence Journal, Washington Times and the Detroit Free Press, as well as American Conservative Magazine and the Quincy Institute for Responsible Statecraf ...

Company Analysis - Altimmune Inc's weight loss drug demonstrates significant superiority in multiple important areas, positioning the company as a potential takeover target in the medium-to-long term [1] - A high proportion of the company's value is attributed to the promising performance of its weight loss drug [1] Industry Analysis - The weight loss drug market is highly competitive, with companies striving to develop superior products to gain market share [1] - The potential for mergers and acquisitions in the pharmaceutical industry remains strong, particularly for companies with innovative and effective treatments [1]

Core Insights - Apollo Global Management Inc. outlined its business strategy and financial goals for the next five years during the Investor Day Conference held on October 1, 2024, emphasizing its focus on origination and growth in various sectors [1][7] - The company's shares rose by 5.7% following the announcement of its strategic plans [1] Group 1: Financial Goals - Fee-related earnings (FRE) are projected to grow at an average annual rate of 20% by 2029, while spread-related earnings (SRE) are expected to grow at 10% annually [2] - Apollo aims for approximately $15.00 in after-tax net income (ANI) per share by 2029 [2] - The company plans to increase its total assets under management (AUM) to nearly $1.5 trillion by scaling its private equity business [2] Group 2: Asset Management Growth - Equity AUM is expected to double in the next five years, reaching $270 billion [2] - Apollo has set a goal to double its $562 billion private lending business within five years [3] - The Global Wealth Management business is projected to expand to over $150 billion by 2029 [4] Group 3: Origination and Capital Generation - The management has set a five-year target for total origination, including both debt and equity, of more than $275 billion [5] - Apollo expects to generate $21 billion in capital over the next five years [6] Group 4: Market Performance - As of June 30, 2024, Apollo managed approximately $696 billion in assets and operates across a fully integrated platform [7] - Over the past six months, shares of Apollo have increased by 18.2%, outperforming the industry growth of 13.8% [8]

Target's 2024 Bullseye's Top Toys list features more than 60 must-have items with nearly half exclusive to Target, and prices starting at $7.99 The retailer will also offer thousands of toys this season with over half under $20, making it easy to find gifts for any budget Target is also offering new, weekly toy drops and deals at up to 50% off to usher in the holiday seasonMINNEAPOLIS, Oct. 2, 2024 /PRNewswire/ -- Target Corporation (NYSE: TGT) today announced the release of its 2024 Bullseye's Top Toys lis ...

VANCOUVER, British Columbia, Oct. 02, 2024 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF) is pleased to report initial drill results from the Upper 8 Target (“Upper 8”) from its 100% owned Madsen Property located in the Red Lake Gold District of Northwestern Ontario, Canada. The drill results featured in this news release are focused on the Upper 8 target, which is a shallower geologic analog to the well known high-grade 8-Zone ...

FY’24 Total Revenue Increase 17% to $61.4 million exceeding target revenue range of $60 - $61 millionQ4’ 24 Gross Margins of 52% increased from 35% in 4Q’ 23; FY’ 24 Gross Margins of 48% increased from 32% in FY ’23FY’24 Operating Income of $3.5 million from a loss of $(8.8 million) last year$0.06 earnings per share in FY’ 24 compared with a loss of $(0.46) per share in FY’ 2310% increase in Subscription and Support revenues to $7.5 million in 4Q’ 24; Annual Recurring Revenues of $28 million meets FY’ 24 ta ...