With a market cap of $61 billion, ConocoPhillips ranks as the largest independent U.S. crude oil producer. It announced preliminary 2017 proved reserves of 5.038 billion barrels of oil equivalent after asset sales of 1.904 billion barrels of oil equivalents during the year. Reserves are widely scattered in Alaska, the lower 48 states, Canada, the Asia Pacific Middle East region focused on liquefied natural gas, and in the North Sea and Libya.
We are short shares of Eastman Kodak Company, a 138-year old commercial printing and imaging company whose stock has more than doubled since announcing a blockchain and cryptocurrency licensing partnership.
Check Point Software Technologies (CHKP) is an “old tech” play that has grown by 19% during the last one-year period but is sitting 13% off its 52-week highs. Earnings momentum is weakening with back-to-back quarterly losses of 12.5% and 7.2% respectively.
Stamps.com Inc., the Internet-based mailing and shipping solution provider is sending short signals this holiday season. STMP offers mailing and shipping solutions through the U. S. Postal Service under the Stamps.com and Endicia brands. STMP, formally known as StampMaster, Inc. was founded in 1996 and serves individuals, large businesses, and warehouses.
After an uneventful launch with its stock ranging between $4 and $6, on Feb. 10, Pulse announced that Pharmacyclics COO Maky Zanganeh and Robert Duggan, who became a billionaire after selling Pharmacyclics, bought significant stakes in Pulse. Investors, acting on this shift in ownership, drove the stock dramatically higher. The price has become so frothy that underwriter MDB Capital had waived lock-up provisions a month early for pre-IPO holders of 28% of the company’s shares.