In today’s briefing:
- Vitesse Energy, Inc. – Turning Oil into Dividends
- Nanoco Group – Asian customer moves to the next phase
Vitesse Energy, Inc. – Turning Oil into Dividends
- Vitesse’s business mission is to return capital to stockholders from free cash flow generated from its capital allocation model targeting non-operated interests in oil & gas assets in major onshore US producing regions.
- Favored assets are located in plays where advancing technology can positively affect future returns.
- A fixed common stock dividend is management’s preferred vehicle to return capital to stockholders.
Nanoco Group – Asian customer moves to the next phase
Nanoco Group has signed a new two-year joint development agreement (JDA) with its existing major Asian chemical partner to optimise and scale up production of Nanoco’s second-generation quantum dot materials for infrared sensing applications. This marks the company’s latest milestone on its path to becoming a commercial provider of nanomaterials to the sensing market and provides support for our FY24 forecasts.
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