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Advantagewon Oil Corp is a Canada-based oil and gas company. It is engaged in the acquisition, exploration, development, and production of oil and gas reserves in North America. All of the company's revenue is derived from the sale of oil which is produced and sold in Alberta, Canada.

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PRZO: 94% &#x7C; <a href="https://www.benzinga.com//node/42242204">ParaZero Receives Design Verification Report Approval From European Union Aviation Safety Agency For Its SafeAir M-300 Pro And SafeAir M-350 Pro Parachute Safety Kits</a>
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BSLK: 250% &#x7C; <a href="https://www.benzinga.com//node/42240969">Bolt Projects Holdings On Wednesday Announced Private Placement With CEO and Other Officers Of 1.06M Shares At $0.34/Share For $360K Gross Proceeds; Closing Expected December 2, 2024</a>

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Market-Moving News for November 29th

A new report indicates that stablecoins, currently a $163 billion market, could grow to represent 10% of the U.S. money supply, hinging on regulatory clarity, which <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42235639/trump-administration-to-reportedly-let-cftc-regulate-bitcoin-ethereum-spot-market-is-the-s">appears increasingly likely</a> under the incoming Donald Trump&#8216;s administration.
What Happened: "Stablecoins have the potential to revolutionize global financial systems, bridging gaps that traditional methods struggle to address," the report by Zodia Markets and Standard Chartered states.
Presently, stablecoins constitute less than 1% of the U.S. M2 money supply and foreign exchange transactions. 
However, their scalability and utility in cross-border payments, remittances and savings position them as a transformative digital asset class.
The report highlights that stablecoins are primarily pegged to fiat currencies, with USD-backed coins dominating the market. 
Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>) accounts for 73% of the total stablecoin market, followed by USD Coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) at 21%.
Stablecoin transactions have grown steadily, averaging $425 billion per month in 2024, but this remains a fraction of the $2.1 trillion traded daily in foreign exchange markets.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42235119/ethereum-outperformed-bitcoin-this-week-as-key-indicators-shift-report">Ethereum Outperformed Bitcoin This Week As Key Indicators Shift: Report</a>
"With the right guardrails, stablecoins could integrate seamlessly into traditional financial systems, amplifying efficiency and accessibility," the report notes. 
Regulation could spur a tenfold increase in stablecoin use, particularly for cross-border payments and foreign exchange-equivalent transactions.
The report also highlights stablecoins&#8217; role in accelerating financial inclusion: "By enabling secure and transparent transactions, stablecoins fulfill one of digital assets&#8217; early promises—to democratize access to financial tools."
Stablecoins have demonstrated their utility in addressing challenges in traditional finance, particularly in regions with limited banking infrastructure. 
By providing a digital alternative for saving and transacting in USD terms, stablecoins offer a potential lifeline for the 1.4 billion unbanked individuals globally.
The report&#8217;s authors Geoff Kendrick and Nick Philpott conclude that stablecoins are the cryptocurrency industry&#8217;s &#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41383239/crypto-hits-unprecedented-growth-7-major-findings-from-2024-report">first killer app</a>.&#8221;
The 
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Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$USDC

$USDT

This Crypto 'Killer App' Could Grow 1,000% Under A Trump Administration: Report

PRTH

Priority Technology Announced That It Has Filed A Shelf Registration Statement On Form S-3 With The Securities And Exchange Commission (SEC) For Registration Of Shares Of The Company's Common Stock

MBUU

Malibu Boats President Ritchie Anderson To Retire In February 2025, CEO Steve Menneto To Take Over As President

California maintains its position as the second most popular destination for interstate moves <a href="https://www.benzinga.com/real-estate/24/07/39665622/dave-ramsey-tells-the-truth-about-californias-massive-exodus-of-people-fleeing-the-state-saying-its">despite ongoing </a>departures, according to data from the National Association of Realtors. The state captured 9.4% of all interstate relocations in 2024, trailing Texas at 10% and outpacing Florida&#8217;s 7% share.
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The sustained influx comes even as Census Bureau data shows California move-ins declined by 11% since 2022, with approximately 700,000 residents leaving the state since 2014, citing housing concerns. The apparent contradiction reflects California&#8217;s role in national migration patterns.
&#8220;It's fascinating that, for all the grief California has taken in terms of higher cost of living, more regulations and increased media coverage of crime in its major cities, it remains one of the most desired states for people to move to in the United States,&#8221; Alex Beene, financial literacy instructor at the University of Tennessee at Martin, said to Newsweek. &#8220;When it comes to California, aspirations often override logic, especially for those in a younger age demographic.&#8221;
The state&#8217;s appeal stems from its economic diversity and lifestyle offerings. &#8220;The appeal of California&#8217;s unparalleled lifestyle … Its magnificent natural scenery, culture and pleasant climate also lure many to overlook the price tags,&#8221; Michael Ryan, founder of michaelryanmoney.com, told Newsweek.
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Recent migration data suggests a possible return to pre-pandemic patterns. &#8220;Californians who flocked to other states with remote work flexibility are showing some signs of returning,&#8221; said Jessica Lautz, NAR Deputy Chief Economist. Family connections drive many returns, with 30% of movers nationwide citing proximity to friends and family as their primary motivation.
The broader national landscape shows continued Southern dominance in migration patterns, attracting 46% of moves compared to the West&#8217;s 25% share. Florida led all states with a net migration gain of 372,870 people in 2023, followed by Texas at 315,301.
Title and escrow expert Alan Chang acknowledged the trade-offs facing California residents. &#8220;There is always a cost to this – higher living expenses, more traffic and overall quality of living can be a compromise,&#8221; Chang told Newsweek. &#8220;It can still be an attractive state for many industries as well for the right situation.&#8221;
Trending: Unlock the hidden potential of commercial real estate —<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> This platform allows individuals to invest in commercial real estate offering a 12% target yield with a bonus 1% return boost today!</a>
The state&#8217;s future attractiveness <a href="https://www.benzinga.com/real-estate/24/05/39062704/californias-900-000-median-home-price-means-the-california-dream-is-officially-dead">may hinge on addressing its affordability challenges</a>. While California continues losing middle-class residents to more affordable regions, it simultaneously draws new talent across various industries, particularly in the technology and entertainment sectors. NAR&#8217;s research found distinct motivations among those choosing Western states like California. Western-bound movers prioritize housing value more than other regions, with 24% citing &#8220;more house for the money&#8221; as their primary motivation. The trend appears strong among remote workers, with 43% of recent buyers nationwide reporting job location played no role in their purchase decision due to work-from-home flexibility. "Ultimately, California&#8217;s future will hinge on how well it can address its affordability crisis,&#8221; Ryan said. &#8220;If the state fails to improve the housing supply and alleviate the cost burdens that drive residents away, it risks undermining its status as a premier destination for talent and business. But if California can strike the right balance, it may just maintain its magnetic pull.&#8221;
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Real Estate

700,000 Left – Despite 11% Decline, California Still Among Top States for Movers – Why?

A crypto trader has reportedly earned $800,000 worth of Hype (CRYPTO: HYPE) tokens through the airdrop of <a href="https://www.benzinga.com/money/what-is-dex-decentralized-exchange">decentralized exchange Hyperliquid.</a>
What Happened: The trader's <a href="https://x.com/CC2Ventures/status/1862428624378347838">wallet</a> shows 219,268 HYPE tokens, valued at $839,821 at the time of taking the snapshot, sparking discussions on how airdrops can shape user behavior and platform adoption.
Early adopters of Hyperliquid, a decentralized competitor to exchanges like Binance (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>) and Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) had the opportunity to accumulate points by participating in various activities, such as trading on perpetual and spot markets, providing liquidity and holding ecosystem coins.
According to industry observers, the program evolved to incentivize different actions, encouraging users to explore the platform's features comprehensively.
One significant feature of the program was another airdrop of its PURR meme coin, which provided participants with immediate payouts ranging from four to six figures based on their accumulated points.
This interim distribution kept users motivated and engaged until the program officially concluded.
Hyperliquid also added an additional points bonus for users who continued to use the platform organically, a move aimed at fostering long-term loyalty.
The trader praised Hyperliquid for the &#8220;best executed and most rewarding airdrop by a long shot,&#8221; further thanking the project for a &#8220;life-changing wealth generation event.&#8221;
Also Read:<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42234954/will-apple-or-nvidia-be-the-worlds-most-valuable-company-by-the-end-of-2024-polymarket-traders-have-a-clear-favorite"> Will Apple Or NVIDIA Be The World&#8217;s Most Valuable Company By The End Of 2024? Polymarket Traders Have A Clear Favorite</a>
Why It Matters: However, not all feedback has been celebratory.
Critics argue that while the program was innovative, such reward models risk creating a short-term spike in engagement without guaranteeing sustained platform use. 
The <a href="https://hyperfnd.medium.com/hype-genesis-1830a4dc2e3f">allocation</a> of 31% of the token supply directly to users—bypassing centralized exchanges, private investors, and market makers—was seen as a bold move, but some question whether this approach might limit broader market liquidity.
"While the airdrop was significant for users, the true test lies in whether the platform can sustain engagement without ongoing incentives," an industry analyst said. "Airdrops often generate initial excitement, but they don't always translate into long-term adoption."
Hyperliquid's success in maintaining user activity post-airdrop will likely determine whether it can stand out in a crowded <a href="https://www.benzinga.com/money/what-is-defi">decentralized finance (DeFi) space</a>.
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Image created using artificial intelligence with Midjourney.

$BNB

COIN

Trader Scores Over $800,000 From Crypto Airdrop: 'Thank You For The Life-Changing Wealth Generation Event'

The EASA DVR confirms that ParaZero's SafeAir M-300/ M-350 Pro parachute systems comply with key safety requirements, enabling drone operators to enhance their operational scope under the Specific Operations Risk Assessment (SORA) process.&nbsp;
 &nbsp;

ParaZero Receives Design Verification Report Approval From European Union Aviation Safety Agency For Its SafeAir M-300 Pro And SafeAir M-350 Pro Parachute Safety Kits

CURE PHARMA HLDG CORP by CURE Pharmaceutical Holding Corp.

CURR

Currenc Group Reports Q3 Net Loss Per Share Of $(0.13), Revenues Total $11.3M, Exits Quarter With Cash & Equivalents Worth $49.06M

DA Davidson analyst Linda Bolton Weiser maintains e.l.f. Beauty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) with a Buy and maintains $170 price target.

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Analyst Ratings

DA Davidson Maintains Buy on e.l.f. Beauty, Maintains $170 Price Target

LASE

Laser Photonics Says It Has Launched A Research And Development Initiative Targeting Industrial Laser Solutions For Pharmaceutical Tablet Drilling, Wafer Scribing, And Semiconductor Marking

Black Friday, the day after Thanksgiving in the U.S., has become synonymous with enticing discounts, big bargains, and massive sales, marking the start of the critical Christmas shopping season.
With time, the traditional one-day frenzy has evolved into a longer season with the introduction of events like &#8220;Cyber Monday,&#8221; an online equivalent of Black Friday.
Over the years, sales figures from this phase have been used to gauge the country's overall economic health and the spending power of the average American.
What happened: According to a Deloitte <a href="https://www2.deloitte.com/content/dam/insights/articles/us187582_cic_bfcm/2024-Black-Friday-Cyber-Monday-Survey.pdf">analysis </a>from October, the average expected per-consumer spending during the period from Black Friday to Cyber Monday has grown at a compound annual rate of 9.4% between 2019 and 2024
While surveyed consumers splurged $500 on average in 2022, their spending rose to $567 in 2023, representing a 13% rise year-over-year.&nbsp;
This year, the average spending is estimated to rise to $650, a 15% year-over-year growth.&nbsp;
Now, what if instead of retail therapy, one engaged in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) therapy?
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42228464/ethereum-rally-gets-overshadowed-by-searing-gains-in-cheaper-plays-why-are-ens-and-etc-soaring-today">Ethereum Rally Gets Overshadowed By Searing Gains In Cheaper Plays: Why Are ENS And ETC Soaring Today?</a>
Fathom this. On Black Friday 2023, you succeeded in taming the shopaholic within you and chose to invest the same amount, $567, in buying the world's most popular cryptocurrency.
On Nov. 24, 2023, the price of one Bitcoin was $37,720.28. So, an investment of $567 would have fetched you 0.01503 units of the asset.
As we approach this year's Black Friday, the price of Bitcoin has ballooned to $95,916.62. This means that your stash would have been worth $1441.79, reflecting a 154% jump.
No prizes for guessing that your spending power would have expanded significantly—in fact, more than twice the average estimated figure of $650 indicated above.
Price Action: At the time of writing,&nbsp;it was trading at $2.86, up 13.51% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;
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Photo courtesy: Pixabay

$BTC

Black Friday Vs. Bitcoin: Here's How Much You'd Have If You Took The Average Spendings Of Americans On This Shopping Carnival And Invested It In BTC Last Year

Analysts' ratings for Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) over the last quarter vary from bullish to bearish, as provided by 33 analysts.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">8</td>
<td align="right">15</td>
<td align="right">10</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">3</td>
<td align="right">5</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">5</td>
<td align="right">6</td>
<td align="right">9</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $945.55, a high estimate of $1075.00, and a low estimate of $755.00. This current average has increased by 4.05% from the previous average price target of $908.77. 
<img src="https://www.benzinga.com/files/images/story/2024/1732881610_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The analysis of recent analyst actions sheds light on the perception of Costco Wholesale by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$1000.00</td>
<td>$1000.00</td>
</tr>
<tr>
<td>Kelly Bania</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$1075.00</td>
<td>$980.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$1000.00</td>
<td>$1000.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$1000.00</td>
<td>$1000.00</td>
</tr>
<tr>
<td>Dean Rosenblum</td>
<td>Bernstein</td>
<td>Announces</td>
<td>Outperform</td>
<td>$1016.00</td>
<td>-</td>
</tr>
<tr>
<td>Ivan Feinseth</td>
<td>Tigress Financial</td>
<td>Announces</td>
<td>Buy</td>
<td>$1065.00</td>
<td>-</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$1000.00</td>
<td>$1000.00</td>
</tr>
<tr>
<td>Michael Baker</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$880.00</td>
<td>$880.00</td>
</tr>
<tr>
<td>Mark Astrachan</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$935.00</td>
<td>$925.00</td>
</tr>
<tr>
<td>Rupesh Parikh</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$980.00</td>
<td>$955.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$990.00</td>
<td>$985.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$1000.00</td>
<td>$1000.00</td>
</tr>
<tr>
<td>Oliver Chen</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$975.00</td>
<td>$925.00</td>
</tr>
<tr>
<td>Bill Kirk</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Neutral</td>
<td>$755.00</td>
<td>$676.00</td>
</tr>
<tr>
<td>Michael Baker</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Neutral</td>
<td>$880.00</td>
<td>$780.00</td>
</tr>
<tr>
<td>Kate McShane</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$995.00</td>
<td>$876.00</td>
</tr>
<tr>
<td>George Kelly</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$850.00</td>
<td>$800.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$1000.00</td>
<td>$925.00</td>
</tr>
<tr>
<td>Karen Short</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$850.00</td>
<td>$830.00</td>
</tr>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$909.00</td>
<td>$873.00</td>
</tr>
<tr>
<td>Kelly Bania</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$980.00</td>
<td>$950.00</td>
</tr>
<tr>
<td>Mark Astrachan</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$925.00</td>
<td>$915.00</td>
</tr>
<tr>
<td>Laura Champine</td>
<td>Loop Capital</td>
<td>Raises</td>
<td>Buy</td>
<td>$1005.00</td>
<td>$975.00</td>
</tr>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Maintains</td>
<td>Hold</td>
<td>$873.00</td>
<td>$873.00</td>
</tr>
<tr>
<td>Karen Short</td>
<td>Melius Research</td>
<td>Announces</td>
<td>Hold</td>
<td>$950.00</td>
<td>-</td>
</tr>
<tr>
<td>Daniela Nedialkova</td>
<td>Redburn Atlantic</td>
<td>Raises</td>
<td>Neutral</td>
<td>$890.00</td>
<td>$860.00</td>
</tr>
<tr>
<td>Simeon Gutman</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$950.00</td>
<td>$855.00</td>
</tr>
<tr>
<td>Laura Champine</td>
<td>Loop Capital</td>
<td>Raises</td>
<td>Buy</td>
<td>$975.00</td>
<td>$970.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$925.00</td>
<td>$925.00</td>
</tr>
<tr>
<td>Mark Astrachan</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$915.00</td>
<td>$910.00</td>
</tr>
<tr>
<td>Michael Baker</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$780.00</td>
<td>$780.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$925.00</td>
<td>$915.00</td>
</tr>
<tr>
<td>Rupesh Parikh</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$955.00</td>
<td>$925.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Costco Wholesale. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Costco Wholesale compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Costco Wholesale's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Costco Wholesale's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/COST/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Costco Wholesale analyst ratings.</a>
<h2>Unveiling the Story Behind Costco Wholesale</h2>
Costco operates a membership-based, no-frills retail model, predicated on offering a select product assortment in bulk quantities at bargain prices. The firm avoids maintaining costly product displays by keeping inventory on pallets and limits distribution expenses by storing its inventory at point of sale in the warehouse. Given Costco's frugal cost structure, the firm is able to price its merchandise below competing retailers, driving high sales volume per warehouse and allowing the retailer to generate strong profits on thin margins. Costco operates over 600 warehouses in the United States and boasts over 60% market share in the domestic warehouse club industry. Internationally, Costco operates another 270 warehouses, primarily in markets such as Canada, Mexico, Japan, and the UK.
<h3>Costco Wholesale: Financial Performance Dissected</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Costco Wholesale's remarkable performance in 3 months is evident. As of 31 August, 2024, the company achieved an impressive revenue growth rate of 0.96%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Staples sector.
Net Margin: Costco Wholesale's net margin excels beyond industry benchmarks, reaching 2.95%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Costco Wholesale's ROE excels beyond industry benchmarks, reaching 10.37%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Costco Wholesale's ROA excels beyond industry benchmarks, reaching 3.42%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.35.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

COST

Key Takeaways From Costco Wholesale Analyst Ratings

Telsey Advisory Group analyst Joseph Feldman maintains Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) with a Outperform and maintains $1000 price target.

Telsey Advisory Group Maintains Outperform on Costco Wholesale, Maintains $1000 Price Target

Global chip stocks and ETFs experienced a notable surge following reports that U.S. officials are contemplating easing restrictions on sales to China. This development could lead to significant changes in the semiconductor industry as early as next week.
What Happened: Shares of global chip companies rose on Thursday after reports surfaced that U.S. officials might ease&nbsp;restrictions on sales to China.&nbsp;The potential changes could be announced as early as next week.
As per <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Chip ETFs reacted positively as well:&nbsp;Direxion Daily Semiconductor Bull 3X&nbsp;Shares&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXL#NYSE">SOXL</a>), which holds over 8% in Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Broadcom Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), rose 2.67%,&nbsp;iShares Semiconductor ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) increased by 1.03%, and&nbsp;VanEck Semiconductor ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) climbed 0.90%.
The deliberations have involved U.S. officials,&nbsp;allies in Japan and the&nbsp;Netherlands, and American chip equipment manufacturers. These manufacturers have lobbied against stricter measures, warning of severe impacts on their businesses. The latest proposal differs from earlier versions, particularly regarding which Chinese companies might be added&nbsp;to a trade restriction list.
Previously, the U.S.&nbsp;considered sanctioning six suppliers to&nbsp;Huawei Technologies Co., a key player in China&#8217;s tech sector. However, the current plan may only include some of these suppliers, notably excluding&nbsp;ChangXin Memory Technologies Inc., which is developing AI memory chip technology.
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42228090/bitcoin-ethereum-dogecoin-surge-as-traders-raise-risk-appetite-ahead-of-thanksgiving-analyst-says-eth-could-jump-to-highs-not-seen-since-late-2021?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Surge As Traders Raise Risk Appetite Ahead Of Thanksgiving: Analyst Sets Mid-Term Price Target For ETH At $6K</a>
Why It Matters: The potential easing of U.S. restrictions on China comes amid a backdrop of complex geopolitical tensions and trade policies. Recently,&nbsp;Peter Thiel&nbsp;highlighted the severe impact a <a href="https://www.benzinga.com/markets/24/11/42028954/peter-thiel-says-trumps-60-china-tariff-would-be-very-very-bad-for-beijing-heres-whats-at-stake">proposed 60% tariff</a> on Chinese goods could have on Beijing, suggesting a shift in manufacturing away from China. Additionally,&nbsp;<a href="https://www.benzinga.com/24/11/42089611/taiwan-semiconductor-faces-china-challenges-amid-potential-trump-return-and-geopolitical-tensions">Taiwan Semiconductor</a>&nbsp;faces challenges due to geopolitical tensions, with China focusing on enhancing its local chip production capabilities.
Furthermore,&nbsp;<a href="https://www.benzinga.com/24/11/42216863/nvidia-intel-suppliers-rethink-mexico-operations-amid-trumps-tariff-threat">Nvidia and Intel</a>&nbsp;suppliers are reevaluating their manufacturing strategies in Mexico due to potential tariffs. These developments underscore the intricate dynamics at play in the semiconductor industry and the global supply chain.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/11/42225423/mexico-president-claudia-sheinbaum-to-trump-neither-threats-nor-tariffs-will-solve-your-fentanyl-crisis?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Sheinbaum To Trump: &#8216;Neither Threats Nor Tariffs&#8217; Will Solve Your Fentanyl Crisis</a></li>
</ul>
Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
Images via Shutterstock

AVGO

NVDA

SOXL

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Nvidia And Other Chip-Stock Linked ETFs Surge Amid Potential Easing Of US Restrictions On China

UBS analyst James Wang maintains VNET Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNET#NASDAQ">VNET</a>) with a Buy and raises the price target from $6.4 to $7.

VNET

UBS Maintains Buy on VNET Gr, Raises Price Target to $7

Geopark Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPRK#NYSE">GPRK</a>) shares are trading higher premarket on Friday. The company disclosed that it has signed Sale and Purchase Agreements with Repsol Exploración S.A. and Repsol E&amp;P S.A.R.L to acquire Repsol&#8217;s <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b42238963/geopark-announces-exclusive-binding-agreement-to-acquire-repsol-exploration-and-production-assets-" rel="noreferrer noopener">upstream oil and gas assets in Colombia</a>.
The total consideration for the potential acquisition is approximately $530 million, which will be funded through a mix of cash resources and debt.
This includes a non-recourse amortizing debt facility of up to $345 million, led and arranged by Macquarie Bank Limited, highlighting the assets&#8217; secure and strong cash generation profile.
The acquisition includes assets in Colombia&#8217;s Llanos Basin. It covers 100% of Repsol Colombia O&amp;G Limited, holding a 45% stake in the CPO-9 Block (operated by Ecopetrol), and a 25% interest in SierraCol Energy Arauca LLC.
Combined production from these assets was approximately 16,000 boepd net to Repsol as of September 2024.
This acquisition aligns with GeoPark&#8217;s &#8220;North Star&#8221; growth strategy, providing access to valuable, competitively advantaged assets in proven basins.
The transaction is contingent on the satisfaction of certain conditions and customary regulatory approvals, including the waiver or non-execution of preemptive rights by Repsol&#8217;s current partners.
GeoPark had a cash balance of $123.4 million <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41788517/geopark-reports-third-quarter-2024-results" rel="noreferrer noopener">at the end of September</a>.
Price Action: GPRK shares are up 2.20% at $9.29 premarket at the last check Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/42240838" target="_blank" rel="noreferrer noopener">Alibaba&#8217;s New AI Model Outperforms OpenAI&#8217;s o1 In Specific Benchmarks, Now Available For Free Download</a></li>
</ul>
Photo via Shutterstock.

Equities

Small Cap

GPRK

GeoPark Seals $530 Million Colombian Oil & Gas Asset Acquisition Deal With Repsol

Citigroup analyst Kelly Crago maintains Ulta Beauty (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) with a Neutral and raises the price target from $345 to $390.

ULTA

Citigroup Maintains Neutral on Ulta Beauty, Raises Price Target to $390

U.S. stock futures advanced on Friday after a day&#8217;s break for Thanksgiving as investors look to end November on a high note. The dollar slipped below the 106 mark in the hope of more measured tariffs.
U.S. markets will close at 1 p.m. ET on Friday during the truncated week.
Futures for the three major U.S. indices gained, while the two-year and 10-year treasury yields eased on Friday. The expectations of a further 25 basis point rate cut in December rose to 66%, according to <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">CME Group&#8217;s FedWatch tool</a>.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.37%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.27%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.32%</td>
</tr>
<tr>
<td>R2K</td>
<td>0.81%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Friday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was up 0.31% to $600.69 and the Invesco QQQ Trust ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NYSE">QQQ</a>) rose 0.44% to $507.50, according to <a href="https://www.benzinga.com/pro/">Benzinga Pro data</a>.
Cues From The Last Session
The S&amp;P 500 index fell 22.89 points or 0.38% to end at 5,998.74. The Dow Jones Industrial Average lost 138.25 points or 0.31% to close at 44,722.06 and the Nasdaq Composite Index dropped 115.10 points or 0.60% to 19,060.48. The 10-year Treasury note yield dropped six basis points to 4.24%, a one-month low close
On the economic front, the U.S. core PCE price index increased by 0.3% month-over-month in October, the same pace as in the previous month, in line with market estimates. U.S. initial jobless claims came in unchanged at 213,000 for the week ending Nov. 23, compared to market estimates of 216,000.
Pending home sales rose 2% month-over-month in October compared to a revised 7.5% gain in September.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.60%</td>
<td>19,060.48</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.38%</td>
<td>5,998.74</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.31%</td>
<td>44,722.06 </td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.08%</td>
<td>2,426.19</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts
Markets have been under pressure only <a href="https://www.benzinga.com/24/11/42239447/markets-flopped-in-december-only-once-in-95-years-but-a-bearish-crossover-flagging-market-fall-is-on-the-cards-heres-what-analysts-say">once in December over the last 95 years</a>, according to the data highlighted by Ryan Detrick, chief market strategist at Carson Group.
Detrick highlighted data from 1928 to 2023 to show that while September has been the worst month for equities 13 times during this period, December was the worst only once in these 95 years. As far as 2024 is concerned, April has been the worst month so far with a 4% drop.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Something to be thankful for? December has been the worst month of the year for stocks only once going back 95 years (2018 and the Fed policy mistake). Worst month this year has been the 4% drop in April. <a href="https://t.co/2ThL3DwD7x">pic.twitter.com/2ThL3DwD7x</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1862188406505185730?ref_src=twsrc%5Etfw">November 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Also read: <a href="https://www.benzinga.com/24/11/42239447/markets-flopped-in-december-only-once-in-95-years-but-a-bearish-crossover-flagging-market-fall-is-on-the-cards-heres-what-analysts-say">Wall Street&#8217;s December Surprise: What Investors Need to Know Now</a>
On the other hand, David Cox, CMT, CFA, portfolio manager at Raymond James, in an X Post highlighted the likelihood of an upcoming to the investors, saying "If you want to sidestep a decline, watch the trend…"
The 13/34-week Exponential Moving Average signals a bullish market trend when the 13-week EMA line is above the 34-week EMA line and a bullish crossover results in a market correction. Predicting an upcoming crossover through his chart Cox said that "there will be another red circle some day." The red circle in his chart represents a bullish crossover.
According to a note by CMGWealth, the 13/34-week EMA analysis is a "simple, tactical trend indicator that has historically captured the cyclical bull and bear market trends."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">again, look at how much easier we can make it on ourselves&#8230; time frame matters, if you want to sidestep a decline, watch the trend&#8230; look at these 13/34-week EMA <a href="https://twitter.com/hashtag/bearish?src=hash&amp;ref_src=twsrc%5Etfw">#bearish</a> crossovers&#8230; they help you remove emotion, and stay focused&#8230; there will be another red circle some day <a href="https://t.co/kpAXx8F5jX">pic.twitter.com/kpAXx8F5jX</a>
&mdash; David Cox, CMT, CFA (@DavidCoxRJ) <a href="https://twitter.com/DavidCoxRJ/status/1861758050215891069?ref_src=twsrc%5Etfw">November 27, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Upcoming Economic Data
There are no scheduled economic events or data scheduled to be released today.
Stocks To Watch:
<ul>
<li>Cabaletta Bio Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CABA#NASDAQ">CABA</a>) <a href="https://www.benzinga.com/markets/equities/24/11/42229129/caballeta-bio-shares-surge-the-most-in-23-months-in-a-single-day-as-it-unveils-plan-to-meet-fda-by-2025-for-systemic-sclerosis-drug-trial">shares rose</a> by 11.63% to $3.36 per share in premarket following an update on their Systemic Sclerosis drug trial. The company anticipates meeting the U.S. Food and Drug Administration in 2025 to discuss potential registrational trial designs, as per a notice by DelveInsight Business Research.</li>
<li>Frontline Plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) shares were down 2.38% to $16.78 per share following mixed third-quarter results. Revenue rose 29.9% year-over-year to $490.4 million, surpassing the $361.42 million consensus.</li>
<li>Rigetti Computing, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) jumped 8.33% to $2.60 apiece in pre-market trading after rising by 9% on Tuesday. Shares continued an up move as the company announced a registered direct offering of 50 million shares at $2 per unit aiming to raise $100 million in gross proceeds.</li>
<li>ZenaTech Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZENA#NASDAQ">ZENA</a>) fell by 6.89% to $7.30 apiece. The stock was pulling back after surging on Tuesday. Last Thursday its subsidiary, ZenaDrone, signed agreements ensuring compliance with Blue Unmanned Aerial Systems (UAS) and the U.S. National Defense Authorization Act (NDAA.)</li>
<li>Bitdeer Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTDR#NASDAQ">BTDR</a>) shares were up 7.52% to $13.15 per share after it announced a private placement of $360 million in Convertible Senior Notes, aiming to finance data center expansion and the development of crypto mining rigs.</li>
</ul>
Commodities, Gold And Global Equity Markets:
Crude oil futures fell in the early New York session, declining 0.60% to hover around $68.30.
The Gold spot rose 0.94% to 2,662.10 per ounce.
Asian markets were mixed as major indices in Japan, Australia, and South Korea fell, whereas Hong Kong, China, and Indian markets closed higher. European markets were also mixed in early trading.
Read Next:
<ul>
<li><a href="http://gop%20megadonor%20ken%20griffin%20slashes%20citadel's%20palantir%20stake%20by%2091%25,%20bets%20big%20on%20nvidia%20as%20jensen%20huang-led%20company%20rises%20over%20180%25%20in%202024/" target="_blank" rel="noreferrer noopener">GOP Megadonor Ken Griffin Slashes Citadel's Palantir Stake By 91%, Bets Big On Nvidia As Jensen Huang-Led Company Rises Over 180% In 2024</a></li>
</ul>
Photo courtesy: Wikimedia

Futures

Economics

Federal Reserve

Pre-Market Outlook

BTDR

CABA

RGTI

ZENA

US Stocks Likely To Open In The Green To End November On A High: Are Markets Set For A Santa Claus Rally In December? Analysts Decode

Barclays analyst Blayne Curtis maintains TXNM Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXNM#NYSE">TXNM</a>) with a Overweight and raises the price target from $46 to $52.

TXNM

Barclays Maintains Overweight on TXNM Energy, Raises Price Target to $52

Barclays analyst Andrew Lazar maintains JM Smucker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) with a Equal-Weight and raises the price target from $121 to $126.

Barclays Maintains Equal-Weight on JM Smucker, Raises Price Target to $126

Advantagewon Oil

Big companies dominate the sector with companies like BP (NYSE:<a class="ticker" href="/stock/BP#NYSE">BP</a>), Chevron (NYSE:<a class="ticker" href="/stock/CVX#NYSE">CVX</a>), ExxonMobil (NYSE:<a class="ticker" href="/stock/XOM#NYSE">XOM</a>), and Royal Dutch Shell (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rds-a#NYSE">RDS-A</a>) (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rds-b#NYSE">RDS-B</a>). The fundamental landscape of the Canadian oil and gas sector has undergone significant changes during the last five years.

And now there are very positive signs that serve as good evidence of the continued commitment to high environmental standards and focus to sustainability. Moreover, case studies show the adaptability and resilience of the Canadian oil and gas sector to this landscape that has changed dramatically over a very short period of time. Moreover, according to Deloitte Canada, Canadian crude oil prices are expected to strengthen and natural gas prices are expected to continue to improve in 2020 and even more than during 2019.

<h3>AOC Is Putting All Its Eggs Into One Basket In Canada</h3>

Advantagewon Oil Corp., (OTC:<a class="ticker" href="/stock/ANTGF#OTC">ANTGF</a>) has identified numerous opportunities in Canada over the course of the last six months. And they have just announced the company has sold all of its remaining US assets to Emerald Bay Energy Inc., (OTC:<a class="ticker" href="/stock/EMBYF#OTC">EMBYF</a>). The assets mainly comprise of 30 oil and gas leases currently producing approximately 15 bbs/day of oil. The company has received both a cash payment of Fifty Thousand Dollars (&quot;50,000.00&quot;) CDN and the Corporation Sixty Million (&quot;60,000,000&quot;) common shares of EBY which are valued at Three Hundred Thousand Dollars (&quot;$300,000.00&quot;) CDN. But going into further details of the deal, these shares will be held in trust by the Corporation&#39;s assignee until the last day of the year at which point, or prior to the deadline, EBY will purchase them back for a pre-set price of $300,000.00 USD.

Moreover, if EBY would choose not to purchase back the shares it issued, all of the 60,000,000 Common Shares will then be returned to EBY&#39;s treasury and a Royalty Structure will be formed to debut on Jan 1st, 2021. This royalty structure will pay the Corporation a maximum of Four Hundred Thousand Dollars (&quot;$400,000.00&quot;) USD and once the Corporation has received the $400,000.00 USD from EBY, the royalty interests will revert fully to EBY.

Additionally, the Corporation will also receive the return of Two Hundred and Fifty Thousand Dollars (&quot;$250,000.00&quot;) USD from the Railroad Commission of Texas. Namely, this is due to a bond the Corporation had to post to the Commission as otherwise it could not commence operations in the State of Texas.

The Corporation intends on using the funds it will receive from the Railroad Commission of Texas to secure another Canadian based well and for general working capital purposes. On the beginning of the month, the company already announced it is expanding and advancing its Canadian operations by entering into an agreement whereby it acquired a working rights interest to a former operating well that has a historic production record of between 20 and 30 Barrels of Oil Per Day (&quot;BOPD&quot;).

Along with this agreement, the company is also committed to funding and implementing a workover program with the purpose of recommissioning the well that it is acquiring. Once this initiative is complete and the well is both recommissioned and restored, the company&#39;s working interest becomes the entire pie, 100 percent to be exact.

<h3>Why Is AOC different?</h3>

When it comes to the oil industry, the majority of your business models exploit the resource and then run away.&nbsp;And in today&#39;s world that is putting an emphasis on sustainability as we only have one planet to live in, this is nothing more than a poor business model. And no company should be drilling those wells if they don&#39;t have the financial capacity to take care of the obligations they themselves created. For that reason, Canada&#39;s Supreme Court ruled last year that insolvent or bankrupt companies must clean up their wells before paying back creditors. &nbsp;It is really no different than kids playing with their toys and &shy;going and starting something else without cleaning up what said they&#39;ve already made a mess of. But not AOC.

During 2019, Advantage achieved several important milestones in its focused transition phase, as demonstrated by its results that met expectations.&nbsp; These achievements have positioned the Corporation for a step change in oil and condensate production in 2020, enhancing the company&#39;s portfolio of investment opportunities while preserving its low-cost and low-risk business model.

It is thanks to its expertise that the company is continuously building consistent cash flow from low cost and low risk oil wells. And after its uniquely enhanced recovery strategy is successfully applied, AOC will repeat the process throughout the oil pool to maximize output and minimize cost and risk. So it sure seems it has made all the right preparations for a good year ahead, in Canada!

<h3>US Sector Is Eyeing New Legislative Sanctions Regarding Climate Change</h3>

The oil and gas sector contributes to around $1.5 trillion to the US gross domestic product, employing about 880,000 workers. But the most important fact is that the US recently moved from being a net importer of oil and petroleum products and natural gas to a net exporter as a part of a global seismic shift in world oil and gas markets. Unfortunately, this also triggered the fact more than half of US greenhouse emissions. In 2017, a study found that only 100 companies were responsible for 70% of greenhouse emissions, we can only imagine how far this number has gone.

Oil companies are forced to take actions regarding climate change but legislation, if stricter, will surely make them do it more quickly. This is also creating a problem for recruitment as more and more young people are willing to make a positive difference and for that reason shift away from the oil and gas industry due to poor practices. It is no secret the legacy of old and idle oil wells are California&#39;s toxic multibillion dollar problem potentially threatening the health of all those nearby and handing over taxpayers quite a clean-up.

But for now, the giants are managing to stay well above water despite quite heavy industry headwinds. ExxonMobil (NYSE:<a class="ticker" href="/stock/COM#NYSE">COM</a>) shares have lagged behind their peers lately but its optimal integrated capital structure and status in the energy space have helped it come up with industry leading returns. Although the company&#39;s chemical business underperformed with significantly lower than expected returns, it still owns some of the most prolific upstream assets globally.

America&#39;s second energy company&#39;s, Chevron (NYSE:<a class="ticker" href="/stock/CVX#NYSE">CVX</a>), shares have also struggled lately along with other energy stocks but they still did better than their peers as a whole. But Chevron at least earned a status as one of the most suitable globally to achieve a sustainable production ramp-up as its existing project pipeline is the among the best in the industry. And they managed to achieve a 40% reduction in expenses since 2014. But by the looks of it, making oil companies more responsible for their footprint with stricter legislation can do quite a bit of harm to both of their upper and bottom lines.

<h3>Outlook</h3>

Canadian oil and gas companies are adapting to the new landscape as they are forced to focus on being leaner and becoming more efficient by adopting new technologies and ways of designing, structuring and operating projects, all while reducing greenhouse gas emissions in support of environmental sustainability.

In April last year, report entitled &lsquo;Four Years of Change&#39; came out by business information provider IHS Markit, showing that between 2014 and 2018, operating costs fell by more than 40 percent on average with reliability improving even up to 50 percent in some cases, and the price of oil required to cover the costs and earn a return on investment on a non-mining oil sands project was reduced from approximately US$65/bbl to the mid US$40/bbl.

So, it seems that Canada might indeed be the new promised land for oil companies. And AOC is already one step ahead by adopting this awareness perspective that is clear from its strategy and consequent efforts.

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