Page 2 - Stephen Hytha News Today

Shares of Canadian Solar Inc. traded 15% higher yesterday to a new 52-week high after the company reported Q2/22 financial results that highlighted a 62% YoY increase in revenue and raised the ranges of its FY/22 revenue estimates by $500 million.

Shares of Touchstone Exploration Inc. traded 16% higher after the company reported it received environmental approval for construction of a two hundred million cubic feet multi-well surface production facility in Trinidad.

W&T Offshore Inc.s shares traded 17% higher after the oil and gas producer reported Q2/22 financial results featuring a 106% YoY increase in revenue. The company noted it has been successful in increasing its proven reserves, reducing net debt levels, and is continuing to focus on generating free cash flow for shareholders.

Energy industry service company Mammoth Energy Services Inc.s shares traded 22% higher after the company reported Q2/22 financial results that included significant increases in quarterly revenue, net income, and adjusted EBITDA.

Shares of Northern Dynasty Minerals Ltd. traded more than 22% higher after the Vancouver mining firm reported it entered into a life-of-mine royalty agreement for non-core metals which may provide up to $60 million in proceeds.

Shares of Ozop Energy Solutions Inc. traded 23% higher after the company reported that H1/22 revenues are expected to be 285% higher versus the same period last year. The firm anticipates further sequential growth in H2/22.

Blackwolf Copper and Gold Ltd. has increased its resources and holdings in Alaska by staking new claims and continuing with infill and expansion drilling. Couloir Capital Ltd. commented in a research note that it has initiated coverage on Blackwolf Copper and Gold Ltd. with a Buy rating and estimates that the company has a Fair Value of CA$1.28 per share.

Shares of Renewable Energy Group Inc. traded 40% higher after the biofuel producer reported it agreed to be acquired by Chevron Corp. for $61.50 per share in cash.

Eight Capital stated in a research note that results from Lion One Metals Ltd.s infill drill program at its Tuvatu Project in Fiji have returned spectacular intercepts that on average are 2.6x higher than the amounts outlined in the companys 2018 technical resource report. The company announced that one notable drill hole at Tuvatu returned 1.8 m of 359.76 g/t Au, including 0.4 m of 1,616 g/t Au.

Shares of full-service oil & gas solutions provider Exterran Corp. traded 60% higher after the company reported it agreed to be acquired by Enerflex Ltd. of Canada in an all-stock transaction for US$735 million.