Permian Resources (NYSE:PR) Stock

Permian Resources

Permian Resources Corp is an independent oil and natural gas company focused on generating outsized returns to stakeholders through the responsible acquisition, optimization and development of oil and liquids-rich natural gas assets. The Company's assets and operations are primarily concentrated in the core of the Permian Basin, and its properties consist of large, contiguous acreage blocks located in West Texas and New Mexico.

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Goldman Sachs identifies 18 stocks for potential earnings upside and advises options-based strategies in a volatile market. 10% upside for S&amp;P 500.

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The U.S. oil and gas exploration and production industry has faced headwinds related to falling natural gas prices and political uncertainty so far in 2024. Cash from operations across three dozen leading U.S. firms fell in real terms from the first quarter of 2023 to the first quarter of this year due to lower gas prices.

Opportunity Knocks: Buy the Dip on Permian Resources Stock?

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Singapore Defense Minister Ng Eng Hen, was direct when speaking at the BMW Foundation Herbert Quandt Annual Leaders Roundtable last week. In a speech addressing the shifting global landscape, he said the world is witnessing a fundamental change in the assumptions that have shaped international relations for the past 80 years.
The U.S. has &#8220;willy-nilly&#8221; shifted its image from a liberator to a great disruptor and now to a landlord demanding rent, Ng said, pointing to a stark departure from the post-World War II global order where the US was seen as a stabilizing force.
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<h2 class="wp-block-heading">A Shift in US Priorities</h2>
Ng suggested that while American primacy has always been a key element of its foreign policy, it has now become the overriding concern, sometimes at the expense of traditional alliances. "America's primacy has become the overriding consideration," he said, adding that this shift is disrupting global stability and trade.
The <a href="https://www.benzinga.com/25/02/43607060/5-stocks-to-sell-on-the-new-china-trade-war">U.S.-China rivalry</a> remains the most significant geopolitical factor moving forward. With new <a href="https://www.benzinga.com/markets/25/02/43423288/trumps-tariffs-are-here-heres-what-will-get-more-expensive-from-canada-china-and-mexico">trade restrictions and fresh tariffs</a>, Ng noted that the world should brace for continued economic disruptions. Citing the previous trade war between 2018 and 2019, he pointed out that bilateral trade between the two economic giants dropped by 10%. Europe, too, imposed tariffs to counter its trade imbalance with China, but the result was a slowdown in economic growth, from 3.5% to just 0.4% in 2023.
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a>
<h2 class="wp-block-heading">US Antagonism Pushing Allies Toward China</h2>
Donald Trump's administration has <a href="https://www.benzinga.com/25/02/43418661/trump-announces-new-tariffs-on-goods-from-canada-mexico-and-china-will-go-into-effect-from-feb-1">imposed tariffs on Canada and Mexico</a> while pressuring Colombia and <a href="https://www.benzinga.com/news/global/25/02/43447167/trumps-takeover-of-panama-canal-stocks-to-watch-as-diplomacy-affects-presidents-plan">Panama</a> over trade and migration. He has also repeatedly said Canada &#8220;should become the 51st state." Colombia, a longtime U.S. partner, initially resisted his demand to accept deported migrants on military flights but ultimately complied, which critics dismissed as political theater. Meanwhile, as Trump's hardline approach strains relations, China has been actively courting these and other U.S. allies with economic incentives and diplomatic overtures.&nbsp;&nbsp;
<h2 class="wp-block-heading">A World Without a Stabilizing Leader</h2>
Ng warned that the absence of a stabilizing global leader could have serious consequences. "In the absence of a leader to protect our global commons, I think we must all expect that the progress and well-being of the global commons will suffer," he stated.&nbsp;
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&#8220;On the other hand, if you look at China, it is <a href="https://www.benzinga.com/markets/25/01/42779225/this-domestic-solar-stock-fslr-could-shine-in-your-portfolio-if-president-elect-donald-trump-imposes-tariffs-on-chinese-solar-panels">80% of the world's solar manufacturing</a> capacity, and more than half of EVs produced worldwide are Chinese-made,&#8221; Ng pointed out. As the U.S. takes a more isolationist stance, China is seizing opportunities to strengthen its economic and political ties with countries that feel alienated by Washington's hardball tactics.
<h2 class="wp-block-heading">Who Will Step Up?</h2>
Ng left his audience with an open question: If the U.S. no longer plays the role of global stabilizer, who will? "Who, if anyone, any one country or region or bloc, can step in if the U.S. declines to protect the global commons, and how effective, and against what resistance?"
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'Willy-Nilly'—Singapore Defense Minister Says The US Is No Longer A Stabilizing Force, But A 'Landlord Seeking Rent'

Samson Mow, a staunch Bitcoin supporter, has suggested a rollback of the Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) blockchain. This comes in the wake of a massive $1.4 billion theft from the cryptocurrency exchange Bybit, reportedly orchestrated by North Korean hackers.
What Happened: In a post on X, Mow proposed that Ethereum, the dominant smart contract platform in terms of volume, should execute a hard fork. The aim is to return the purloined funds to Bybit and hinder the North Korean government from exploiting the stolen assets.
Mow expressed his support for the rollback of Ethereum&#8217;s chain, stating, "I fully support rolling back Ethereum's chain (again) so the stolen ETH is returned to Bybit and also to prevent the North Korean government from using those funds to finance their nuclear weapons program.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I fully support rolling back Ethereum's chain (again) so the stolen ETH is returned to <a href="https://twitter.com/Bybit_Official?ref_src=twsrc%5Etfw">@Bybit_Official</a> and also to prevent the North Korean government from using those funds to finance their nuclear weapons program. It must be done <a href="https://twitter.com/VitalikButerin?ref_src=twsrc%5Etfw">@VitalikButerin</a>.
&mdash; Samson Mow (@Excellion) <a href="https://twitter.com/Excellion/status/1893132013768491239?ref_src=twsrc%5Etfw">February 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Blockchain rollbacks, a process that reverses confirmed transactions to restore the chain to a previous state, are typically initiated after a significant security violation. In the case of Ethereum, a rollback would result in a hard fork, akin to the one that occurred in 2016 during the Ethereum DAO hack.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43901287/north-koreas-lazarus-group-suspected-in-1-4-billion-bybit-crypto-hack">North Korea&#8217;s Lazarus Group Suspected in $1.4 Billion Bybit Crypto Hack</a>
In a lighter vein, Mow suggested&nbsp;that the new roll-backed chain&nbsp;should retain the ticker ETH, while the existing one could be rebranded as "ETHNK." He also cautioned investors to abstain from trading ETH until the issue is fully resolved.
As of now, Ethereum is being traded at $2,770, reflecting a 4% surge over the last day.
Why It Matters: The proposed rollback and hard fork of Ethereum&#8217;s blockchain is a significant development in the crypto world. It underscores the security vulnerabilities that persist in the digital asset ecosystem and the potential measures to mitigate the impact of such breaches. 
The situation also highlights the geopolitical implications of cryptocurrency theft, with the alleged involvement of North Korean hackers. 
The outcome of this situation could set a precedent for how the crypto industry responds to such security breaches in the future.
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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Bitcoin Enthusiast Proposes Ethereum Chain Rollback Post $1.4B Bybit Cyber Heist

Disney CEO Bob Iger recently underscored the significance of hiring employees who exhibit &#8216;genuine decency&#8217;, a characteristic he feels is frequently undervalued in recruitment.
What Happened:&nbsp;Iger advocates for the prioritization of &#8216;genuine decency&#8217; in the hiring process. Iger contends that this trait is often overlooked by hiring managers.
In&nbsp;his book published in 2019, &#8220;The Ride&nbsp;of A Lifetime: Lessons Learned&nbsp;from 15 Years as CEO&nbsp;of the Walt Disney Company,&#8221; Iger wrote,&nbsp;&#8220;Genuine decency — an instinct&nbsp;for fairness and openness and&nbsp;mutual respect — is a&nbsp;rarer commodity in business than&nbsp;it should be, and you&nbsp;should look for it in&nbsp;the people you hire and&nbsp;nurture it in the people&nbsp;who work for you.&#8221;
"When hiring, try to surround yourself with people who are&nbsp;good&nbsp;in addition to being good at what they do," Iger wrote and as quoted <a href="https://www.cnbc.com/2025/01/29/disney-ceo-bob-iger-bosses-should-hire-genuinely-decent-people-more-often.html">by </a>CNBC. 
While acknowledging the importance of skills and experience, Iger asserts that character is equally crucial in fostering a positive workplace culture. He further emphasized that leaders should embody the values of integrity, decency, and honesty, as they are representative of the company&#8217;s values.
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&#8220;What people think of you&nbsp;is what they&#8217;ll think of&nbsp;your company,&#8221; Iger wrote, underlining the importance of a leader&#8217;s reputation in shaping the company&#8217;s image.
"You can be the head of a seven-person organization or a quarter-million person organization, the same truth holds. What people think of you is what they'll think of your company," he wrote in the book. 
Why It Matters: Iger&#8217;s comments come at a time when companies are increasingly being scrutinized for their corporate culture and values. 
The emphasis on &#8216;genuine decency&#8217; not only reflects the changing dynamics of the workplace but also underscores the need for companies to align their values with those of their employees. 
This alignment is becoming increasingly important as workers are more likely to remain loyal to companies that share their values, thereby reducing turnover and increasing productivity.
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Success Stories

Disney CEO Reveals the One Quality Leaders Should Prioritize, and Why It's So Rare

In his annual letter to&nbsp;Berkshire Hathaway&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) shareholders, investment mogul&nbsp;Warren Buffett&nbsp;has once again imparted his insights on investing.
What Happened: Warren Buffett&#8217;s <a href="https://www.berkshirehathaway.com/letters/2024ltr.pdf">letter</a>, released on Saturday, provides insights into investing and lessons from his six-decade tenure at Berkshire. The letter, which Buffett has kept free from political and current events, focuses on the future of Berkshire and his reliance on equities.
Buffett hinted at his successor, stating, &#8220;At 94, it won't be long before Greg Abel replaces me as CEO and will be writing the annual letters.&#8221; He also stressed the importance of honesty with shareholders.
Buffett also discussed Berkshire&#8217;s investment strategies, expressing impartiality in choosing equity vehicles and the occasional availability of outstanding businesses at bargain prices.
"Businesses, as well as individuals with desired talents, however, will usually find a way to cope with monetary instability as long as their goods or services are desired by the country's citizenry. So, too, with personal skills. Lacking such assets as athletic excellence, a wonderful voice, medical or legal skills or, for that matter, any special talents, I have had to rely on equities throughout my life. In effect, I have depended on the success of American businesses and I will continue to do so," he shared in the letter. 
He also reflected on America&#8217;s prosperity, attributing it to the wise deployment of capital and consistent saving by Americans. Despite the presence of scoundrels and promoters, Buffett believes the savings of Americans have delivered a quality of output beyond the dreams of any colonist.
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"Understandably, really outstanding businesses are very seldom offered in their entirety, but small fractions of these gems can be purchased Monday through Friday on Wall Street and, very occasionally, they sell at bargain prices. We are impartial in our choice of equity vehicles, investing in either variety based upon where we can best deploy your (and my family's) savings. Often, nothing looks compelling; very infrequently we find ourselves knee-deep in opportunities. Greg has vividly shown his ability to act at such times," he added. 
On Berkshire&#8217;s $334.2 billion cash pile, Buffett assured shareholders that the majority of their money remains in equities and that preference won&#8217;t change. He warned against the potential evaporation of paper money&#8217;s value if fiscal folly prevails.
Why It Matters: Buffett&#8217;s annual letter is a much-anticipated event in the investment world, offering insights into his investment philosophy and the future direction of Berkshire Hathaway. 
His comments on his successor and the company&#8217;s investment strategies provide valuable insights for investors. His reflections on America&#8217;s prosperity and the role of savings and capital deployment underscore his long-term, value-oriented investment approach. 
His warning about the potential devaluation of paper money in the face of fiscal folly serves as a cautionary note for investors.
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Buffett's Key Lessons in Berkshire Annual Letter: 'Really Outstanding Businesses Are Very Seldom Offered in Their Entirety'

The late billionaire Charlie Munger, who passed away at the age of 99, shared in an interview that there&#8217;s no hidden formula to achieving <a href="https://www.benzinga.com/markets/25/01/42935637/heres-how-charlie-mungers-final-investment-move-doubled-his-money-reveals-his-close-friend-li-lu">financial success and longevity.</a>
What Happened: Munger&#8217;s approach to life and work was simple and direct. He focused on evading conventional pitfalls and was prudent in his decision-making.
Munger, a resident of the same humble abode for seven decades, held the belief that lavish living often paves the way to discontent. 
"I avoided the standard ways of failing, because my game in life was always to avoid all standard ways of failing. You teach me the wrong way to play poker and I will avoid it. You teach me the wrong way to do something else, I will avoid it. And, of course, I've avoided a lot, because I'm so cautious," Munger said in the interview <a href="https://www.youtube.com/watch?v=H5Oom5Rjp_Y">with </a>CNBC. 
This pragmatic approach was also mirrored in his spending habits. When his business associate at&nbsp;Berkshire Hathaway, Warren Buffett, opted&nbsp;to replace a company jet,&nbsp;Munger deemed the $6.7 million expense as extravagant.
Also Read: <a href="https://www.benzinga.com/news/25/01/43219503/charlie-mungers-three-investment-lessons-buy-wonderful-businesses-at-fair-prices-big-money-isnt-in-buying-or-selling-its-in-waiting-good-businesses-are-ethical-businesses">Charlie Munger&#8217;s Three Investment Lessons: &#8216;Buy Wonderful Businesses At Fair Prices, Big Money Isn&#8217;t In Buying Or Selling-It&#8217;s In Waiting, Good Businesses Are Ethical Businesses&#8217;</a>
In Munger&#8217;s view, steering clear of apparent risks, frivolity, and &#8220;insane&#8221; scenarios were instrumental to his financial success and longevity. &#8220;Steer clear of insanity at all costs. Insanity is far more prevalent than you&#8217;d imagine,&#8221; he said. 
Munger&#8217;s financial success and longevity were driven by his ability to steer clear of unnecessary risks, frivolous decisions, and irrational situations.
"Avoid crazy at all costs. Crazy is way more common than you think. It's easy to slip into crazy. Just avoid it, avoid it, avoid it," Munger said. 
Why It Matters: Munger&#8217;s philosophy of financial success and longevity offers valuable insights into his life and work ethic. 
His avoidance of conventional failure modes, his cautious decision-making, and his disdain for extravagance and risky ventures like cryptocurrency, all paint a picture of a man who valued practicality and prudence over quick gains and lavish lifestyles. 
His views on financial success and longevity, while not groundbreaking, offer a refreshing perspective in a world often obsessed with quick riches and ostentatious displays of wealth. 
His legacy serves as a reminder that success can be achieved through simplicity, caution, and a steadfast refusal to participate in &#8220;insane&#8221; ventures.
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Image: Shutterstock

Charlie Munger's Financial Success and Longevity Advice: 'My Game in Life Was Always To Avoid All Standard Ways of Failing'

Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is one stock that has skyrocketed from its beginning stages, leaving many wishing they got in on it from the start. One woman recently called "The Ramsey Show" for financial advice regarding her Tesla stock, which grew to an astonishing amount from her initial investment.&nbsp;
Her dilemma? Whether to cash out and pay off her mortgage or hold onto the stock because, in her words, "Nobody knows what Tesla&#8217;s capable of."
<h2 class="wp-block-heading">From $1,000 to $380,000 in Tesla Stock</h2>
The caller explained that she invested $1,000 in <a href="https://www.benzinga.com/25/02/43686887/teslas-stock-climbs-nearly-3-in-thursday-pre-market-as-analyst-predicts-growth-in-ev-ai-and-robotics">Tesla stock</a> in 2011, in the company's early stages. Over the years, without adding any additional money to her investment, the stock surged, reaching upwards of $380,000. She and her family now owe $288,000 on their home and are weighing the benefits of selling the stock to become mortgage-free.&nbsp;&nbsp;
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Financial expert <a href="https://www.benzinga.com/personal-finance/25/01/43276105/trumps-tax-plan-could-slash-social-security-benefits-33-by-2035-ramsey-show-host-george-kamel-weighs-in">George Kamel</a>, a host on "The Ramsey Show," was impressed by the caller's success. "What?" he reacted in shock, before confirming that she had truly turned just $1,000 into hundreds of thousands of dollars without adding more funds to the investment.
<h2 class="wp-block-heading">The Risks of Holding a Single Stock</h2>
While acknowledging the incredible return, Kamel advised the caller to be cautious. He emphasized the risks associated with keeping such a large portion of wealth in a single stock, even one as well-known as Tesla. "As soon as you can get that house paid off and get out of a single stock, the better," he said.
His advice aligns with common financial principles: diversifying investments can help protect against market downturns. Tesla's stock, like any other, is subject to volatility. Holding onto the stock means exposure to potential price swings that could reduce the value of her gains.
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<h2 class="wp-block-heading">The Role of Taxes in the Decision</h2>
One of the biggest factors to consider in selling such a large stock position is the tax implication. Kamel advised the caller to consult a tax professional before making any moves. Since the stock's value has increased significantly since she bought it, selling would trigger <a href="https://www.benzinga.com/news/25/02/43669470/im-so-sorry-dave-ramsey-left-speechless-after-hearing-the-capital-gains-tax-a-canadian-restaurant-owner-would-owe-if-he-sold-his-business">capital gains taxes</a>. Depending on her income and how long she has held the stock, the tax bill could be substantial.
Instead of selling all at once, Kamel suggested an alternative approach: selling off portions of the stock gradually over a few years. This strategy could help reduce the overall tax burden by spreading the gains across multiple tax years, potentially keeping her in a lower tax bracket.
<h2 class="wp-block-heading">Can Her Income Cover the Mortgage Instead?</h2>
Another consideration is the caller's household income. She shared that her family is earning $275,000 annually, which is a strong financial position. Kamel's advice implies that, with such a high income, they may be able to aggressively pay down the mortgage without relying entirely on the Tesla stock sale.
See Also: If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?
<h2 class="wp-block-heading">What Should She Do?</h2>
Ultimately, the decision rests on her financial goals and risk tolerance. Paying off the mortgage would provide security and eliminate monthly payments, but holding onto the stock could yield further gains—though with added risk. Consulting a financial and tax professional could help her determine the best course of action based on her specific situation.
For investors who find themselves in a similar position, the key takeaway is clear: while big gains in the stock market can be life-changing, careful planning is essential to ensure those gains translate into lasting <a href="https://www.benzinga.com/personal-finance/24/02/36957443/the-majority-of-americans-dont-feel-financially-secure-and-believe-they-need-to-earn-233-000-a-y">financial stability</a>.
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