Latest news for Pan American Energy (OTC:PAANF) Stock

Pan American Energy Corp is a North American mining exploration company engaged in the business of expanding the boundaries of the lithium supply chain through the acquisition, exploration and development of mineral properties. The company has a diversified asset base in Canada and the USA including hard rock lithium (Ontario) and claystone lithium (Nevada).

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PAANF

Petrobras (NYSE: PBR), a Brazilian integrated oil and gas company, is actively searching for shale gas deals in Argentina, specifically in the prolific Vaca Muerta region, according to Bloomberg.

Petrobras Seeks to Increase Energy Imports From Argentina

Aerial,View,Of,Lithium,Fields,Or,Evaporation,Ponds,In,The

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RMTLF

Chariot Corp. aims to acquire extensive land in the US for lithium development. Its 3,634 claims in 3 states give it a competitive advantage.

EXCLUSIVE: Chariot Corp. Leads US Lithium Land Acquisition To Strengthen Domestic Supply — &#39;Grab As Much As You Can&#39;

PAN AMERN ENERGY CORP by Pan American Energy Corp.

Pan American Energy Corp

B of A Securities analyst Christopher Nardone maintains Deckers Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) with a Neutral and raises the price target from $182 to $217.

Price Target

DECK

B of A Securities Maintains Neutral on Deckers Outdoor, Raises Price Target to $217

Aptiv PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APTV#NYSE">APTV</a>) disclosed that its Board of Directors has approved a plan to separate its Electrical Distribution Systems (EDS) business from Aptiv, creating two <a href="https://www.benzinga.com/trading-ideas/movers/25/01/43124298/aptiv-unplugs-eds-spin-off-aims-to-supercharge-electrification-automation-and-ai">independent entities</a>.
Aptiv also reaffirmed its 2024 outlook, with a fourth-quarter earnings report scheduled for February 6, 2025. While reporting third-quarter results in October, Aptiv said it expects FY24 adjusted earnings per share in the range of $6.00-$6.30 ($6.12 estimate) and net sales of $19.60 billion-$19.90 billion ($19.68 billion estimate).
Kevin Clark, Aptiv's Chairman and CEO, emphasized that the separation is part of the company's broader transformation strategy.
"Following completion of the transaction, Aptiv will have a portfolio of advanced software and hardware technologies and highly engineered, mission-critical products that are aligned with global mega trends fueling growth in diverse end markets," Clark said.
Aptiv's shares gained 1.5% to close at $62.73 on Wednesday.
These analysts made changes to their price targets on Aptiv following the announcement.
<ul>
<li>Piper Sandler analyst Alexander Potter upgraded Aptiv from Underweight to Neutral and raised the price target from $53 to $65.</li>
<li>Baird analyst David Leiker maintained the stock with a Neutral and raised the price target from $70 to $75.</li>
</ul>
Considering buying APTV stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="596" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23082510/image-175-1024x596.png" alt="" class="wp-image-746807" style="width:503px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23082510/image-175-1024x596.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23082510/image-175-300x175.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23082510/image-175-768x447.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23082510/image-175.png 1086w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>

Pre-Market Outlook

APTV

These Analysts Boost Their Forecasts On Aptiv

B of A Securities analyst Wamsi Mohan maintains Amphenol (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>) with a Neutral and raises the price target from $75 to $85.

B of A Securities Maintains Neutral on Amphenol, Raises Price Target to $85

Citigroup analyst Christopher Allen reinstates Blue Owl Cap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OWL#NYSE">OWL</a>) with a Buy and announces $30 price target.

Initiation

Citigroup Reinstates Buy on Blue Owl Cap, Announces $30 Price Target

B of A Securities analyst Tim Anderson maintains Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) with a Neutral and lowers the price target from $160 to $159.

B of A Securities Maintains Neutral on Johnson & Johnson, Lowers Price Target to $159

WIIM

VIGL

Vigil Neuroscience shares are trading higher after the company reported data from its completed Phase 1 clinical trial evaluating VG-3927 for the potential treatment of Alzheimer's disease.

Looking Ahead to 2025
As we enter 2025, we are excited to build on this momentum. Our focus remains on:
<ul>
<li>Identifying key opportunities to advance (Z)-endoxifen into registrational clinical trials with the goal of advancing (Z)-endoxifen to the market in the quickest way possible. This is our company's top priority, and we commit to communicating our progress on this goal in the first quarter of this year.</li>
<li>Amplifying our ongoing business development efforts to ensure women globally have the opportunity to benefit from (Z)-endoxifen.</li>
<li>Deepening collaborations with industry leaders and advocacy groups to broaden the impact of our work.
<ul>
<li>Extending our track record of financial strength that will position us to support our long-term growth.</li>
</ul>
</li>
</ul>

Biotech

General

ATOS

Atossa Therapeutics Says Z-Endoxifen To Enter Registrational Clinical Trials In 2025; Updates On Progress Expected Q1; Global Business Development Efforts Amplified; Industry Partnerships Deepened; Financial Strength For Long-Term Growth Emphasized

B of A Securities analyst Joanna Gajuk maintains Concentra Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CON#NYSE">CON</a>) with a Buy and raises the price target from $24 to $25.

B of A Securities Maintains Buy on Concentra Group Holdings, Raises Price Target to $25

McCormick &amp; Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKC#NYSE">MKC</a>) reported&nbsp;fourth-quarter sales growth of 3% year-on-year to $1.798 billion, beating the analyst consensus <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/n43155089/mccormick-reports-strong-2024-financial-results-and-provides-2025-outlook" rel="noreferrer noopener">estimate of $1.77 billion</a>.
Flavor Solutions segment sales grew by 1%, with minimal impact from currency. Consumer segment sales increased 4%.
Gross profit was $722.2 million, with the margin expanding 20 basis points Y/Y to 40.2%.
Operating income rose 3% to $306.2 million and the operating margin remained flat at 17%.
Adjusted EPS of $0.80 <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beat the consensus estimate of $0.77.</a>
McCormick held $186.1 million in cash and equivalents as of November 30, 2024. The company generated an operating cash flow of $922 million in FY24.
&#8220;We are pleased to report strong performance for both fourth quarter and fiscal year 2024, an important year for McCormick, in which we built momentum and strengthened our leadership, returning to differentiated and sustainable volume-led growth,&#8221; said Chairman, President, and CEO Brendan M. Foley.
&#8220;Our strategic investments in core categories enabled us to drive positive volume growth, expand our margins, and deliver robust earnings growth.&#8221;
Outlook: McCormick sees FY25 sales growth of 0% – 2% as reported and 1%&nbsp;&#8211;&nbsp;3% in constant currency. The company expects an adjusted EPS of $3.03 – $3.08 versus the <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">estimate of $3.11.</a>
Price Action: MKC shares are trading higher by 2.29% at $71.55 in premarket at last check Thursday.

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Equities

Guidance

Movers

McCormick Posts 3% Sales Growth In Q4 As Consumer Demand Rise

SES AI shares are trading higher after the company announced it secured two contracts worth $10 million in total.

The OLB Group, Inc., (NASDAQ:<a href="https://www.benzinga.com/stock/OLB#NASDAQ">OLB</a>), a diversified Fintech eCommerce merchant services provider and Bitcoin mining enterprise, announced today the introduction of a 3D Secure (3DS)  Access Control Service to enhance security for the Company's proprietary Card-Not-Present (CNP)  payment gateway, SecurePay&#x2122;. The Company has integrated and certified SecurePay with major card brands such as Visa, MasterCard and Discover for 3D Secure services.
Key features of SecurePay's 3D Secure solution:
Enhanced Fraud Prevention: OLB's 3DS gateway minimizes the likelihood of fraudulent transactions by implementing real-time authentication protocols.
Enhanced Customer Trust: By providing an additional layer of security, customers feel more assured about their online transactions, which may result in higher conversion rates.
Liability Shift: Using 3DS shifts the liability for fraudulent transactions from merchants to card issuers.
Enhanced fraud protection with dynamic risk rules
Responsibility for chargeback liabilities transitions from businesses to card issuers for authenticated transactions.
Global Acceptance: OLB's 3DS gateway is compatible with major card providers globally, ensuring secure international transactions.
Regulatory Compliance: The system ensures adherence to industry standards like PCI DSS, meeting legal and financial regulations.
Seamless Integration: Facilitates easy implementation with current e-commerce platforms, thereby reducing any potential disruptions to the user experience.
Integration with SecurePay's Ecosystem: As part of OLB Financial Technologies, the 3DS solution provides integration with other SecurePay products and services.
By using this advanced 3D Secure gateway, OLB ensures a safe, efficient, and trustworthy online shopping environment for both merchants and customers.
Mobile Optimization: Supports modern, user-friendly authentication methods for a smooth mobile shopping experience.
3D Secure (3DS) is a global authentication protocol designed to add an extra layer of security to online credit and debit card transactions. Originally developed by Visa and Mastercard, it is now used by major card networks to reduce fraud and enhance the safety of eCommerce payments.

OLB Group Introduces 3D Secure Access Control For SecurePay; Integrates Visa, MasterCard, Discover For Enhanced Fraud Prevention, Liability Shift, Compliance, And Global eCommerce Security.

Baird analyst Colin Sebastian maintains Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) with a Outperform and lowers the price target from $175 to $158.

Baird Maintains Outperform on Electronic Arts, Lowers Price Target to $158

Data shared from phase II NEO trial highlights Guardant Reveal&#x2122; as a decision tool to support organ preservation in rectal cancer
Guardant Health, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GH#NASDAQ">GH</a>), a leading precision oncology company, today announced the company and its research collaborators will present data showcasing the benefits of Guardant's precision oncology tools across cancer screening, recurrence monitoring, treatment selection and therapy development at the American Society of Clinical Oncology Gastrointestinal Cancers Symposium (ASCO GI) in San Francisco, January 23-25, 2025.
Key focus areas in Guardant's co-authored abstracts and collaborator presentations utilizing Guardant products include the impact of mutations on treatment response in colorectal cancer and biliary tract cancers, and additional support for the benefits of blood-based screening in colorectal, gastric and esophageal cancers. A rapid oral presentation will feature data from the phase II NEO trial highlighting Guardant Reveal as a decision tool to support organ preservation in patients with node-negative rectal cancer undergoing neoadjuvant chemotherapy, excision and observation.

Guardant Health Presents Phase II NEO Trial Data On Guardant Reveal Tool For Organ Preservation In Node-Negative Rectal Cancer At The ASCO GI Symposium

Citigroup analyst Andrew Kaplowitz maintains GE Vernova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) with a Neutral and raises the price target from $361 to $437.

Citigroup Maintains Neutral on GE Vernova, Raises Price Target to $437

Sellas Life Sciences shares are trading higher after the company announced interim analysis results from its Phase 3 REGAL trial of GPS in acute myeloid leukemia.

Bolivia, the owner of the world's largest lithium reserves, is trying to capitalize on this valuable resource. Despite prices plummeting from 2022 highs, the country is pushing forward with large-scale investments to take advantage of the <a target="_blank" href="https://www.benzinga.com/topic/battery" rel="noreferrer noopener">growing battery industry</a>.
"With the two new contracts, we plan to reach 49,000 tons of lithium carbonate annually within three years," Omar Alarcon, president of Bolivia's state-owned lithium company Yacimientos de Litio Bolivianos (YLB) <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-01-21/bolivia-steps-up-lithium-dealmaking-despite-growing-opposition" rel="noreferrer noopener">told</a> Bloomberg.
YLB's deals with Russia's Uranium One Group and a Chinese consortium totaling nearly $2 billion. The agreements include the construction of three processing plants. The Russian-backed facility is set to produce 14,000 tons annually, while the Chinese partnership aims to add 35,000 tons.
Despite holding an estimated 21 million tons of lithium beneath the Uyuni salt flat in the southern region of Potosí, Bolivia's current production is negligible.
Key challenges include the high altitude of its deposits, the logistical constraints of being landlocked, and a high concentration of magnesium in its brine, which complicates extraction.
Together, these hurdles make the production at current prices of around $10,000 per ton barely viable. To address these obstacles, the government is banking on direct lithium extraction technology, which promises to reduce processing times and increase efficiency.
While Bolivia's ambitions are laudable, environmental concerns loom large. Last year, Potosí Senator Elena Aguilar voiced concerns over water usage <a target="_blank" href="https://news.mongabay.com/2024/04/rapid-growth-of-bolivias-lithium-industry-creating-new-problems-for-local-communities/" rel="noreferrer noopener">for</a> Mongabay.
"We want to see the industrialization of lithium, but it has to be done responsibly for the sake of our natural resources." A 2024 inspection by the Regional Federation of Workers and Peasants of the Southern Altiplano found operational inefficiencies at existing facilities. Equipment at a lithium carbonate plant remained unpacked, and power shortages were hampering progress. Moreover, a potassium chloride plant, designed for 350,000 tons of annual production managed only 80,000 tons, raising doubts about Bolivia's industrial readiness.
Still, the industry's problems extend far beyond emerging markets. A <a target="_blank" href="https://pdf.sciencedirectassets.com/319959/1-s2.0-S2589811624X00051/1-s2.0-S2589811625000011/main.pdf" rel="noreferrer noopener">research paper</a> by Johnson, Park, and Kramarz critiques the lack of credible governance mechanisms in the lithium sector, pointing out that voluntary and hybrid regulatory measures often fail to prevent environmental harm or ensure community participation.
The authors stress that effective governance must include stringent monitoring, local engagement, and enforceable penalties for non-compliance—a long shot for a country such as Bolivia, which boasts a Corruption Perceptions Index of 29, the sixth-worst in the LATAM region.
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</ul>
Photo via Shutterstock

Financing

Bolivia Taps BRICS For Raising $2 Billion, Targets Its Vast Lithium Riches

BNZI

Banzai International shares are trading higher after the company announced the acquisition of Act-On Software.

As of Jan. 23, 2025, three stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Kopin Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOPN#NASDAQ">KOPN</a>)</h3>
<ul>
<li>Kopin shares rose sharply on Wednesday amid a report suggesting the company may be interested in competing for an Army contract. The company's stock surged around 20% over the past five days and has a <a href="https://www.benzinga.com/quote/KOPN">52-week high of $2.82</a>.</li>
<li>RSI Value: 77.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>KOPN Price Action: Shares of Kopin gained 14% to close at $1.47 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Guidewire Software Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>)</h3>
<ul>
<li>Guidewire Software will replace Arrowhead Pharmaceuticals in the S&amp;P MidCap 400, effective prior to opening of trading on Jan. 27. The company's stock gained around 5% over the past five days and <a href="https://www.benzinga.com/quote/GWRE">has a 52-week high</a> of $209.14.</li>
<li>RSI Value: 72.5</li>
<li>GWRE Price Action: Shares of Guidewire Software gained 1.1% to close at $183.49 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Himax Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIMX#NASDAQ">HIMX</a>)</h3>
<ul>
<li>On Jan. 10, Delta reported fourth-quarter adj. operating revenue growth of 5.7% year-over-year to $14.437 billion. GAAP operating revenue was $15.56 billion (+9.4% YoY), beating the consensus of $14.212 billion. The company's stock gained around 29% over the past five days and has a <a href="https://www.benzinga.com/quote/HIMX">52-week high</a> of $11.14.</li>
<li>RSI Value: 74.9</li>
<li>HIMX Price Action: Shares of Himax gained 3.8% to close at $9.92 on Wednesday.</li>
</ul>
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</ul>

Short Ideas

GWRE

HIMX

KOPN

Top 3 Tech Stocks That Are Ticking Portfolio Bombs

Reinsurance Gr's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RGA#NYSE">RGA</a>) short percent of float has risen 46.03% since its last report. The company recently reported that it has 466 thousand shares sold short, which is 0.92% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.01 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Reinsurance Gr Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737638122_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Reinsurance Gr has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Reinsurance Gr's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Reinsurance Gr's peer group average for short interest as a percentage of float is 1.75%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Peering Into Reinsurance Gr's Recent Short Interest

Baker Hughes's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NYSE">BKR</a>) short percent of float has fallen 10.55% since its last report. The company recently reported that it has 13.65 million shares sold short, which is 1.78% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.4 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Baker Hughes Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737638117_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Baker Hughes has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Baker Hughes's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Baker Hughes's peer group average for short interest as a percentage of float is 8.43%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Baker Hughes?

Press Releases

Pan American Energy Announces Completion of the Spring 2024 Field Prospecting and Sampling Program at the Big Mack Lithium Project

Pan American Energy's Collaboration with the University of Regina Receives Federal NSERC Alliance - MITACS Grant Funding Totalling $610,000

Pan American Energy Announces Completion of Phase 2 Earn-In for Big Mack Lithium Project and Termination of Horizon Property Option

Management

Pan American Energy Announces Board and Management Changes

Pan American Energy Awarded Up To $200,000 From Ontario Junior Exploration Program Grant Under the Critical Minerals Stream for The Big Mack Lithium Project

Pan American Energy Announces Proposed Share Consolidation

Pan American Energy Announces Commencement of Drilling Program at Big Mack Lithium Property

Pan American Energy Corp. Announces Private Placement for up to C$1,000,000 and Intended Debt Settlement

Pan American Energy Corp. Closes Private Placement for Gross Proceeds of C$400,000

CSE:PNRG

Pan American Energy

Petrobras (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>), a Brazilian integrated oil and gas company, is actively searching for shale gas deals in Argentina, specifically in the prolific Vaca Muerta region, according to Bloomberg. This move aligns with PBR&#39;s goal to diversify and enhance its natural gas supplies, which is a key factor in driving Brazil&#39;s industrial growth. As part of a larger international expansion plan, this strategy underlines PBR&#39;s ambition to restore its oil and gas reserves domestically and abroad while catering to rising energy demands.

<h2>Strategic Focus: Diversifying Energy Sources Beyond Brazil</h2>

Historically, PBR has focused on deepwater oil fields within Brazil. However, the company&#39;s latest five-year strategic plan indicates a shift toward broader international ventures, especially in Latin America and Africa. The pursuit of shale gas assets in Argentina marks a significant step in this direction. Tecpetrol SA, a unit of billionaire Paolo Rocca&#39;s Techint Group, is included among the assets being considered, according to industry insiders.

<h2>The Rationale Behind Petrobras&#39; Interest in Argentina</h2>

The Vaca Muerta formation in Argentina, often compared to the Permian Basin in the United States, is one of the largest shale reserves globally. Despite previous challenges due to Argentina&#39;s regulatory environment and economic instability, recent developments such as pipeline expansions and regulatory reforms under president Javier Milei have reignited interest in this region. PBR is looking to capitalize on these improvements, aiming not to just import gas from Argentina but to actively participate in production.

<h2>Argentina&#39;s Vaca Muerta: A Key to Brazil&#39;s Industrial Growth</h2>

Vaca Muerta has long been considered a sleeping giant in the global shale landscape. Recent progress, including pipeline construction and deregulation, has unlocked the region&#39;s potential, making this a strategic target for energy companies like PBR. Major players in the Vaca Muerta region include YPF SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YPF#NYSE">YPF</a>), TotalEnergies SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTE#NYSE">TTE</a>), Pampa Energia SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAM#NYSE">PAM</a>) and Pan American Energy Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PAANF#OTC">PAANF</a>), which is 50% owned by BP Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>).

<h2>Existing Partnerships and New Opportunities</h2>

PBR previously divested most of its assets from Argentina but retained a 34% stake in the Rio Neuquen shale gas field, a venture alongside YPF and Pampa. With new momentum in the region, PBR sees an opportunity to not only re-establish itself but to potentially expand its stake in other lucrative assets. The company&#39;s involvement could accelerate gas exports from Argentina to Brazil, supporting Brazil&#39;s industrial needs.

<h2>Pipeline Infrastructure: Enabling Cross-Border Energy Flow</h2>

A key component of this strategy involves reversing the flow of existing pipelines to facilitate gas transport from Argentina to Brazil. Traditionally, Bolivia has supplied natural gas to both countries, but declining production levels have created a gap that Vaca Muerta can fill. Engineers are working to adjust pipeline systems to allow surplus gas from Vaca Muerta to reach Brazil&#39;s industrial hub in S&atilde;o Paulo.

<h2>Potential Direct Pipeline to Southern Brazil</h2>

In addition to utilizing existing routes through Bolivia, discussions are underway regarding the possibility of extending another pipeline directly from Argentina into southern Brazil. This would eliminate the need for a circuitous route and enhance supply reliability, further solidifying PBR&#39;s role in the regional energy market.

<h2>Political Dynamics: Navigating Cross-Border Tensions</h2>

PBR&#39;s expansion plans are not without political challenges. Relations between Brazil&#39;s president Luiz Inacio Lula da Silva and Argentina&#39;s president Javier Milei have been tense, yet economic interests appear to supersede diplomatic disagreements. In June, Lula met with Neuquen&#39;s governor, Rolando Figueroa, at an investment conference in Rio de Janeiro to explore collaboration opportunities. PBR&#39;s CEO Magda Chambriard also held discussions with Lula to align strategies for boosting gas supplies and reducing prices in Brazil.

<h2>Balancing Industrial Growth With Environmental Commitments</h2>

One of the controversies surrounding PBR&#39;s gas ambitions is its potential impact on Brazil&#39;s environmental goals. Brazil currently boasts one of the cleanest electricity grids globally, with 90% of the country&#39;s power coming from renewable sources like hydro, wind and solar. Increased reliance on natural gas could displace renewables and hinder Brazil&#39;s green transition plans, especially as the country aims to become a leader in green hydrogen production.

<h2>Argentina&#39;s Shale Gas: A Catalyst for Regional Energy Markets</h2>

As Argentina ramps up shale production, the Vaca Muerta region is poised to become a critical energy hub for South America. With production in the Neuquen Basin already exceeding 1 million barrels of oil equivalent per day, Argentina is preparing to meet both domestic and export demands. Recently, Tecpetrol and TTE received pre-authorization to export gas to Brazil, highlighting the region&#39;s growing role in cross-border energy trade.

<h2>Vaca Muerta&#39;s Role in Petrobras&#39; Long-Term Strategy</h2>

PBR&#39;s production is expected to peak around 2030 unless new discoveries or acquisitions are made. The Vaca Muerta shale formation could be the answer, offering a reliable source of gas to complement Brazil&#39;s energy mix. By investing in Argentina&#39;s shale assets, PBR is positioning itself to secure long-term supplies while navigating the region&#39;s evolving energy landscape.

<h2>Conclusion</h2>

PBR&#39;s move to explore shale gas deals in Argentina is more than just an expansion strategy. This is a calculated bet on the future of regional energy markets. As Argentina continues to improve the country&#39;s business environment and pipeline infrastructure, PBR stands to benefit significantly. Whether through direct involvement in Vaca Muerta or cross-border gas imports, the company&#39;s strategy aligns with its broader goals of enhancing energy security and fueling Brazil&#39;s industrial growth.

<h2>Zacks Rank</h2>

Currently, PBR carries a Zacks Rank #3 (Hold).

<a href="https://www.zacks.com/stock/news/2327663/petrobras-seeks-to-increase-energy-imports-from-argentina?cid=CS-BENZ-FT-analyst_blog&#x7C;company_news_energy_sector-2327663">To read this article on Zacks.com click here.</a>

WASHINGTON — Australia-listed Chariot Corp.&#8216;s early-stage strategy <a href="https://www.benzinga.com/topic/lithium">for lithium development</a> in the United States involves acquiring extensive land holdings.



The company has 3,634 claims in Wyoming, Nevada and Oregon, a number it says is more than any other lithium company in the United States.



"Now, it's better to grab as much as you can," managing director Shanthar Pathmanathan told Benzinga on the sidelines of a recent&nbsp;Benchmark Mineral Intelligence&nbsp;battery metals conference in Washington, D.C.



Two of Chariot's flagship properties—Resurgent in Nevada and Black Mountain in Wyoming—have surface lithium mineralization.



That indication of potential ease of extraction makes Pathmanathan think of the early days of oil discovery in the United States where oil was close to the surface and companies that owned more land had an advantage.



In Australia—where Chariot is based and Pathmanathan has spent much of his career— once easier lithium was mined, the cost of production rose.



Owning so many claims preemptively gives Chariot the option to develop properties in the United States that might be easier to mine, or use that as a selling point for other companies that might want to take on the development task.



"We've got really high-quality assets," Pathmanathan said.



The company has already divested four properties in Nevada to POWR Lithium Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PWRLF#OTC">PWRLF</a>), Pan American Energy Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PAANF#OTC">PAANF</a>) and Red Mountain Mining Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RMTLF#OTC">RMTLF</a>) and a portfolio in Western Australia to Australia-listed St. George Mining Ltd.



Chariot also plans to sell two projects in Nevada and one in Zimbabwe.



Chariot's work in the United States comes as the nation is trying to develop a lithium supply chain that isn't dominated by China, the world's biggest lithium consumer who has helped the Australian lithium mining industry develop.



"The U.S. is about 10 years behind Australia with lithium," Pathmanathan said.&nbsp;



Australia is the world's biggest producer of the metal that is used in electric vehicle batteries, demand for which is expected to continue increasing in coming decades.



"We're in a supercycle for demand," Pathmanathan said.



Without Chinese lithium, the United States is probably undersupplied, he said.



That leaves U.S. battery companies and automakers without sufficient domestic upstream lithium supply to meet anticipated demand, a Chariot presentation says.



Lithium prices hit record highs in 2022, but they have fallen sharply since then as automakers have tempered their forecasts for electric vehicle demand.



Those lower prices make Pathmanathan worried about getting financing for Chariot, but the low prices also may allow the company to buy up more lithium properties, he said.



Read Next: <a href="https://www.benzinga.com/markets/commodities/24/06/39480795/exclusive-volt-lithium-ceo-touts-6b-cash-flow-opportunity">EXCLUSIVE: Volt Lithium CEO Touts $6B &#8216;Cash Flow Opportunity&#8217;</a>



Photo: Freedom_wanted/Shutterstock.com

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