๐Ÿ›’ Family Dollar closed 1000 stores

๐Ÿ“‰ While inflation hit three-year lows

Portlandโ€™s airport is one of over โ€‹2,200 mass timber projectsโ€‹ in the US. Mass timber is a rapidly growing new construction method that is cheaper, easier to work with, more environmentally friendly, and just plain looks cooler.

Yesterday, Stefan dove into how you can invest in the wood of the future.

Unlock hidden value in stripper wells

Stripper wells are oil or gas wells that produce smaller quantities of oil or gas.

Large oil companies often overlook them due to the smaller scale of production. Despite their low output, stripper wells can still be quite profitable โ€” especially when oil prices are elevated (like right now)

Pytheas Energy uses AI to revitalize these wells, transform them into efficient producers, and generate cash at a fraction of the cost of larger oil projects.

How it works:

  1. Acquire underperforming wells for cheap: Pytheas acquires these wells at a very low cost per well, taking advantage of undervalued assets in areas like the Permian Basin and the Bakken Basin.

  2. Improve production efficiency: Pytheas leverages AI and machine learning to analyze and optimize well operations. By making the wells more efficient, Pytheas can increase production without increasing operating costs.

  3. Generate consistent cash flow: Once the wells are optimized, they produce a steady amount of oil or gas daily. This production generates predictable cash flow, similar to the steady returns from a real estate investment, where rent is paid out over time.

  4. Scale up: While each stripper well produces a smaller amount, Pytheas builds a portfolio of these wells to generate significant overall production. This can create substantial revenue streams.

  5. Sell oil at market prices: The oil extracted from these wells is sold at market prices, which, given current projections, is expected to remain elevated at around $90-$94 per barrel in 2024.

Learn more:

Clicking the button will:

  1. Take you to Pytheas' investment page on Equifund

  2. Give Pytheas permission to email you

To learn more about Pytheas without giving permission to email, โ€‹click hereโ€‹.

๐Ÿ“ฐ Market Headlines

  • September jobs report takes center stage as stocks hover near record highs and inflation cools.

  • US annual inflation plummeted to 2.2% in August, its lowest level since February 2021.

  • SpaceX launched a rescue mission for two NASA astronauts stranded at the International Space Station.

  • California Governor Gavin Newsom vetoed a controversial AI safety bill, citing concerns over its limited scope.

๐Ÿ•ถ๏ธ Market Vibes

๐ŸŽฐ Market Forecasts and Futures

Forecasts via โ€‹Kalshi, the prediction market.

๐Ÿ˜ฑ Fear and Greed Index

๐ŸŽค What you said last time

What you had to say:

โ€œ*peekingโ€

๐Ÿ“ˆ Trends you need to know

Cruise ships have got waaaaay bigger over the last 100 years. Check out an even crazier graphic that wouldnโ€™t fit in the newsletter.

๐Ÿง  What do you think?

Carnival reports earnings today. At 384m in length, its Celebration cost over $1 billion to build.

The Carnival Celebration is an example of

Login or Subscribe to participate in polls.

๐Ÿ“Š Stocks

Get $20 free shares at โ€‹public.comโ€‹ using code ALTSCO.

Winners and losers

Earnings, upgrades, and acquisitions

You know the drill: another week, another round of earnings:

  • Monday: Carnival Corporation (CCL)

  • Tuesday: Lamb Weston (LW), McCormick (MKC), Nike (NKE)

  • Wednesday: Conagra (CAG), Levi Strauss (LEVI)

  • Thursday: Constellation Brands (STZ)

Market movers

  • Family Dollar closed nearly 1,000 stores out of its 8,200, impacting low-income areas.

  • OpenAI made plans to raise ChatGPT Plus subscription prices from $20 to $22 per month by year-end.

  • Spotify experienced a temporary outage affecting over 40,000 users.

  • Meta unveiled its Orion smart glasses prototype, aiming to replace smartphones with AR technology.

  • WordPress.org temporarily lifted its ban on WP Engine until October 1, following a dispute over trademarks and ecosystem contributions.

  • More layoffs:

    • Activision Blizzard laid off nearly 400 people in its mobile gaming divisions in California.

    • Disney cut another 300 jobs, primarily in corporate roles, as part of its 8,000 job elimination target.

Ideas, trends, and analysis

  • 20% of small businesses face severe cash flow crunches.

  • US office vacancy rates hit a record high.

  • Social Security recipients can expect a 2.5% COLA for 2025, translating to about $48 more per month for the average retiree.

Recommended Newsletter

๐ŸŒ Global Perspectives

  1. ๐Ÿ‡ฎ๐Ÿ‡ฑ๐Ÿ‡พ๐Ÿ‡ช Israel bombed Houthi targets in Yemen, killing at least four people and wounding 29 in response to missile attacks on Israel.

  2. ๐Ÿ‡ณ๐Ÿ‡ต The death toll from flooding and landslides in Nepal reached at least 100, with dozens still missing.

  3. ๐Ÿ‡ช๐Ÿ‡ธ Around 48 migrants went missing and nine were found dead after their boat sank near Spain's Canary Islands.

  4. ๐Ÿ‡ท๐Ÿ‡บ๐Ÿ‡บ๐Ÿ‡ฆ Russia pounded Ukraine's Zaporizhzhia city with 13 guided bombs, injuring at least 16 people and damaging infrastructure.

  5. ๐Ÿ‡ฎ๐Ÿ‡ณ A major fire disrupted production at a key Tata Electronics plant in India that makes iPhone components, with at least 10 people receiving medical treatment.

  6. ๐Ÿ‡น๐Ÿ‡ผ๐Ÿ‡จ๐Ÿ‡ณ Taiwan's Defence Ministry went on alert after detecting "multiple waves" of missile firing deep in inland China.

๐Ÿ“Š Crypto

  • FTX set aside $230 million for shareholders from government forfeiture proceeds.

  • Former Binance CEO Changpeng Zhao was released from custody two days earlier than expected.

  • Guggenheim issued $20 million worth of tokenized commercial paper on Ethereum.

  • Mango DAO and Blockworks Foundation settled SEC charges for $700,000.

๐Ÿง  Errata

  • Earth's getting a temporary mini-moon for two months.

  • A chemical plant fire in Georgia sparked evacuations and closed I-20, sending plumes of chemicals skyward.

  • Swiss researchers created a robotic hand that can detach and crawl to grab objects.

  • Koalas are popping up in weird places around Brisbane, from power poles to schools.

๐Ÿ“บ What to Watch Today

Thatโ€™s all for today. Did I miss anything? Smash the reply button to let me know.

Cheers,

Wyatt

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