Daily Brief United States: Crude Oil, Builders Firstsource, Bitcoin, Distribution Solutions Group I, PetroTal, Western Asset Inflation – Link and more

• EIA raised its crude oil price forecast for 2024 and 2025, cites higher global oil consumption outlook and concerns over geopolitical tensions.
• The agency also increased global liquid fuels production outlook for 2024 compared to the previous month.
• Increased forecast on US retail gasoline prices relative to March STEO, expects lower gasoline inventories and higher net exports drive price rise.

• Builders FirstSource focuses on value-added and specialty products
• Maintains industry-leading gross margins of 35%
• Expands reach and solidifies position through strategic acquisitions and strong customer base

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• 2024 stands out as the landmark year for exchange-traded crypto products, especially those related to Bitcoin.
• After years of existing somewhat separately from traditional finance, the crypto market is finally being recognized as a legitimate part of the broader financial landscape.
• The United States set the stage in January by securing approval from the US Securities and Exchange Commission (SEC) for the first US-based Bitcoin spot ETFs. To any observer, it is unmistakably clear that the United States has triggered a wave of global approvals for exchange-traded crypto products.

• Market gaining confidence in DSGR’s management and growth strategy for potential multiple expansion
• Strong acquisition pipeline and track record of successful integrations positioning DSGR for long-term success
• DSGR offers an attractive investment opportunity with potential for significant upside due to recent developments and discounted valuation

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• 1Q24 production of 18,518 bbl/d was in line with our expectations.
• Production over the last 30 days was 20.5 mbbl/d with the recently drilled 17H well, now on pump, delivering 4,500 bbl/d.
• This bodes very well for 2Q24 production given that the 18H well is expected to commence production in May.

• WIA Gold is an ASX-listed gold exploration junior with a JORC compliant Resource of 1.3m ozs at its Kokoseb project in Namibia
• WIA controls tenements adjacent to Osino Resources’ Eureka project and is in close proximity to Osino’s merger with Dundee Precious Metals (DPM)
• The company recently raised A$11m to accelerate exploration at its projects in Namibia and Cote d’Ivoire, with plans for production at Kokoseb in less than 4 years, potentially resulting in a quick return on investment for WIA shareholders through collaboration with DPM.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.