In today’s briefing:
- Exxon Mobil: Investor Pessimism Is Creeping Up And This Is Good News For Long-Term Holders
- Ocean Power Technologies, Inc. – 4Q23 Results: Net Loss Widens
- OMG: High-Grade Results Expand Resource Potential
Exxon Mobil: Investor Pessimism Is Creeping Up And This Is Good News For Long-Term Holders
- Exxon Mobil’s share price has come under pressure in recent months as investor sentiment shifts.
- It is too early to consider this retracement as an attractive buying opportunity as short-term headwinds are to be expected.
- Exxon’s management continues to make the right moves from a capital allocation point of view.
Ocean Power Technologies, Inc. – 4Q23 Results: Net Loss Widens
Ocean Power Technologies reported 4Q23 revenue of $0.1 million, up 29.6% Y/Y from $0.8 million in 4Q22 driven by sales of WAM-V autonomous vehicles and an increase in strategic consulting services.
OPT completed a $0.5M extension of its lease contract to continue providing their WAM-V to a U.S. Government agency.
The company deployed the scalable MOSWEC PowerBuoy, as part of US DoE Phase II development project worth $1.1m.
OMG: High-Grade Results Expand Resource Potential
- The Company has completed 11 drill holes, totalling 3,570m.
- This morning, Omai Gold Mines Corp. (OMG:TSXV, OMGGF:OTC) announced additional drill results from the Omai gold project in Guyana.
- In 2023, a total of 3,570m have been completed in 11 holes with five holes being reported today.
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