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3) Germany Greenlights Carbon Storage —

Germany to permit carbon storage to meet emission targets, a significant move in the EU's climate strategy. #CarbonStorage
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2) BitForex Under Scrutiny After Outflow —

Crypto exchange BitForex's site goes dark after reports of a $57M outflow, raising alarms on crypto security. #CryptoSecurity
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📰 BizToc.com Hourly News Flash

1) Hungary Supports Sweden's NATO Move —

Hungarian PM Orban has called on Parliament to back Sweden's NATO bid, signaling a shift in the alliance's expansion. #NATOExpansion
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AkhenOsiris
$GOOGL Uninvestable
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Hidden Value Gems
Seems like everyone associated with $BRK not only gets rich but also live longer…incredible 😀
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Hidden Value Gems
a very interesting post - saved to finish later.

h/t @ValueStockGeek open.substack.com/pub/values…
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Hidden Value Gems
You can read my full thesis and subscribe here

👇🏽

Please repost if you enjoyed it! This helps more than you think🙏🏽 hiddenvaluegems.com/newslett…

6/6
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Hidden Value Gems
3⃣ Insiders have been actively buying stock at prices close to spot.

5/6
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Hidden Value Gems
2⃣New projects have materially lower lifting costs ($5/boe), which would reduce the average breakeven price.

4/6
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Hidden Value Gems
1⃣The company is about to launch its key projects that would add 65% to 2023 production, plus the Neptune acquisition (35%). With production set to double and growth capex peaking this year, VAR’s FCF profile will look radically different in 2026.

3/6
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Hidden Value Gems
1/ Leverage ($4.5bn of net debt vs $852mn FCF in ’23)

2/ Poor operational track record, delays and capex overruns (e.g. Balder X)

3/ Risk of new investment cycle post 2026 while production starts falling

4/ Macro

So why did I buy it?

2/6
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Hidden Value Gems
Here is my latest thesis on $VAR.NO

15% dividend yield and 100% production growth in two years. What’s the catch?

1/6
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