Latest news with #Delaware
Yahoo
10 hours ago
- General
- Yahoo
Delaware Lottery Play 3 Day, Play 3 Night winning numbers for June 19, 2025
The Delaware Lottery offers several draw games for those aiming to win big. Here's a look at Thursday, June 19, 2025 results for each game: Day: 4-8-9 Night: 4-7-1 Check Play 3 payouts and previous drawings here. Day: 6-5-6-8 Night: 7-2-4-0 Check Play 4 payouts and previous drawings here. 11-14-18-24-26-28 Check Multi-Win Lotto payouts and previous drawings here. 02-05-08-18-45, Lucky Ball: 01 Check Lucky For Life payouts and previous drawings here. Day: 5-6-8-4-3 Night: 3-2-0-8-8 Check Play 5 payouts and previous drawings here. Feeling lucky? Explore the latest lottery news & results Sign the Ticket: Establish legal ownership by signing the back of your ticket with an ink pen. Prizes up to $599: Claim at any Delaware Lottery Retailer, in person at the Delaware Lottery Office, or mail your signed ticket and claim form; print your name/address on the ticket's back and keep a copy/photo for records. By mail, send original tickets and documentation to: Delaware Lottery, 1575 McKee Road, Suite 102, Dover, DE 19904. Prizes up to $2,500: Claim in person at Delaware Lottery Retailer Claim Centers throughout Kent, Sussex and New Castle Counties. Prizes of $5,001 or more: Claim in person at the Delaware Lottery Office (business days 8 a.m. to 4 p.m.) with a photo ID and Social Security card. For all prize claims, directions to the Delaware Lottery Office are available online or via for a map. Check previous winning numbers and payouts at Delaware Lottery. Fortunately for First State residents, the Delaware Lottery allows winners remain anonymous. Unlike many other states that require a prize be over a certain jackpot, Delawareans can remain anonymous no matter how much, or how little, they win. Tickets are valid for up to one year past the drawing date for drawing game prizes or within one year of the announced end of sales for Instant Games, according to Powerball: 10:59 p.m. Monday, Wednesday, and Saturday. Mega Millions: 11:00 p.m. on Tuesday and Friday. Play 3, 4: Daily at 1:58 p.m. and 7:57 p.m., except Sunday afternoon. Multi-Win Lotto: 7:57 p.m. Monday, Wednesday, and Friday. Lucky for Life: Daily at 10:38 p.m. Lotto America: 11:00 p.m. Monday, Wednesday, and Saturday Missed a draw? Peek at the past week's winning numbers. This results page was generated automatically using information from TinBu and a template written and reviewed by a Delaware Online digital operations manager. You can send feedback using this form. This article originally appeared on Delaware News Journal: Delaware Lottery Play 3 Day, Play 3 Night winning numbers for June 19, 2025
Yahoo
19 hours ago
- Yahoo
Victim identified in fatal Camden motorcycle crash
Delaware State Police identified David Edwards, 64, as the victim of a fatal June 17 motorcycle crash in Camden. Edwards, a Camden-Wyoming resident, was traveling east on Westville Road, approaching Big Ditch Road, police said. According to police, Edwards crashed attempting to navigate a curve in the road, driving off the south edge into a ditch. He was then ejected from the motorcycle. Police ask that anyone who witnessed the crash or has relevant information contact Sergeant J. Wilson at (302) 698- 8518. They can also send a private Facebook message to the Delaware State Police, or contact Delaware Crime Stoppers at 1-800-847-3333 to provide information. Adam Denn is a general assignments reporter for Delaware Online/The News Journal. You can reach him at ADenn@ This article originally appeared on Delaware News Journal: Victim identified in fatal Camden motorcycle crash
Yahoo
21 hours ago
- Business
- Yahoo
The $54 Billion Asset Wall Street Ignores.
Introduction: A Legacy of Patient Capital Founded in 1920, Occidental Petroleum (NYSE:OXY) has steadily built a formidable position in the Permian Basin through patient, disciplined capital allocation, underscored by strategic acquisitions supported notably by Berkshire Hathaway. With Anadarko Petroleum acquired in 2019 and CrownRock more recently, Occidental now holds extensive acreage in the Delaware sub-basin, famous for its multiple, deeper, highly productive geological layers. Warning! GuruFocus has detected 6 Warning Sign with FANG. The company's position today is rooted in legacy assets that stretch back decades. The acquisition of Anadarko brought more than 6,000 wells, many drilled into only a subset of the available zones. Occidental now controls an estimated 20,000 producing wells and holds thousands of permitted or identified drilling locations, including underdeveloped zones left untouched by prior operators. As disclosed in its Q1 2025 investor presentation, Occidental estimates it has approximately 18,000 future drilling locationsrepresenting a decades-long inventory of high-quality wells. What Are We Buying? Investing in an exploration and production (E&P) company means buying two things: current productionrepresented by existing wellsand the potential for future production, which in Occidental's case includes a vast backlog of undeveloped drilling locations. Occidental dramatically reduces capital expenditure by drilling new wells on long-depreciated sites. Much of its acreage is held by production (HBP), and many leases were originally granted on legacy federal terms that include a 12.5% royalty ratewell below current Permian norms. Recent legislation has increased federal royalty minimums to 16.67%, while some New Mexico state leases in premium zones now demand up to 25%. This means Occidental avoids paying an additional 412.5% per barrel in royalties relative to new entrantsequating to a $3$9 per barrel advantage at $70 oil and materially enhancing the net present value of each new well. The recycling of infrastructureroads, water systems, and drilling padsminimizes the need for costly surface development and accelerates returns on new production. In 2024, Occidental drilled 550 new wells and allocated $2.8 billion to that activity, representing only the portion of total capex dedicated to well development. This results in a per-well cost of approximately $5.09 million.: Occidental further benefits from its strategy of increasing pad density by adding new wells to existing sites. This approach spreads fixed costsleases, compressors, oil-handling infrastructureacross more output and enhances late-life economics as operating costs replace capital expenditure as the dominant cost category. Furthermore, the fixed and substantial costs required to return each site to its original stateknown as plugging and abandonment liabilitiesare also spread across more wells. This means Occidental's wells are not only cheaper to drill and operate, but also cheaper to shut in, even though they tend to recover their investment more quickly thanks to higher early production. Occidental also benefits from its leadership in CO? injection for enhanced oil recovery. It is by far the largest operator in the U.S. in this field, injecting roughly 2.6 billion cubic feet per day. Because current legislationspecifically the Inflation Reduction Act of 2022awards tax credits for CO? sequestration, Occidental's dominance in this area results in lower effective tax rates, further strengthening its cash generation. These benefits are not yet fully visible in the earnings statement, as the credits only began scaling significantly in 2023 and continue to ramp up in 2024 and beyond. The inventory of 18,000 locations represents a $54 billion hidden asset when considering Occidental's $3 million per-well cost advantage across 18.000 wells. It is capital efficiencyearned through years of disciplined developmentthat now sets the company apart. In addition to being cheaper to drill, Occidental's wells are also more productive initially. The same Q1 2025 presentation shows that Occidental leads the industry in first-year production per well. Because its pay zones are deeper, reservoir pressure is greater, and wells yield more upfront. This means capital is returned more quicklya vital advantage in a volatile commodity market. What Are We Paying? Despite its structural advantages, Occidental trades at a lower valuation than many of its peers. Its price-to-free-cash-flow ratio and market cap per barrel of daily production are both below average: This means investors today are paying nothing for Occidental's hidden assetsits inventory of long-depreciated pads that can be revisited at low cost, or its leadership in CO? injection, which materially lowers its tax rate. These advantages enhance both return on capital and capital efficiency but the market gives Occidental no credit for them. Margin of Safety: Getting More for Less Occidental is not simply a low-cost operatorit is a low-cost operator with a long runway of growth, significant tax advantages, and industry-leading productivity. Yet it trades at a lower price-to-free-cash-flow multiple and market cap per BOE than many peers. That gapbetween what you're buying and what you're payingis what value investing is all about. A Long View: Who Is Buying? Some of the most patient and respected value investors in the world have built stakes in Occidental. Berkshire Hathaway continues to add to its position. Other shareholders include Francis Chou (Trades, Portfolio), Bruce Berkowitz (Trades, Portfolio), and Prem Watsa (Trades, Portfolio)figures known for their focus on long-duration compounders. These investors are not reacting to next week's rig count. They're not looking for a quarterly popthey're buying long-term optionality backed by physical resources and long-cycle infrastructure. They are allocating capital based on decades-long advantages in geology, tax structure, infrastructure, and cost discipline. Their involvement provides a final vote of confidence in Occidental's long-term value proposition. Risks and Resilience One long-term risk to oil producers is a structural decline in demandso-called "peak oil." Occidental is better positioned than most for such a scenario, thanks to its small market share. Even if global oil demand falls 50% by 2040, Occidental can still grow by displacing higher-cost barrels, particularly in industrial, chemical, and fertilizer markets that remain oil- and gas-dependent. Geopolitical risks are also relatively muted. Occidental's operations are concentrated in the United Statesmainly Texas and Oklahoma. These regions offer robust physical security and minimal risk of activism or expropriation. These regions are socially and politically aligned with energy development, making them inhospitable terrain for activists to disrupt. Finally, while Occidental carries significant debt, it has successfully pushed most maturities out beyond the near term. This reduces refinancing risk and gives management the flexibility to prioritize long-term capital allocation over short-term market volatility. Sources and Methodology Occidental Petroleum 2024 10-K Diamondback Energy 2024 10-K EOG Resources 2024 10-K Pioneer Natural Resources 2023 10-K Occidental Q1 2025 Investor Presentation Estimated CO? tax credit benefit ($1.20 per barrel) based on current legislation (~$60 per metric ton CO?). Typical well NPV ($12 million) sourced from TGS Weekly Spotlight This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21 hours ago
- Business
- Yahoo
Trump family pulls silent exit from high-stakes venture, cuts 20% stake
Trump family pulls silent exit from high-stakes venture, cuts 20% stake originally appeared on TheStreet. The Trump family has reportedly reduced its stake in its key crypto business venture, World Liberty Financial, Fortune reported on June 19. DT Marks DEFI LLC, one of Trump's companies, has reduced its stake in the crypto venture from 60% to 40% within the last 11 days, the report mentions. Launched in September 2024, World Liberty Financial is a decentralized finance (DeFi) project. As per its official website, President Donald Trump and his sons, Eric, Donald Jr., and Barron, are the co-founders. It claims the president quit the position at the company after assuming office. As per the latest Fortune report, Trump changed the name of DT Tower II LLC, an entity he created in 2016, into DT Marks DEFI LLC. Trump held a 100% stake in DT Tower II LLC. But he reduced his stake to 70% in the new entity, DT Marks DEFI LLC, as his family members — presumably Don Jr., Eric, and Barron — came to assume a 30% stake in it, the report adds. The report also mentions how someone registered three new companies in Delaware in July 2024: DJT Jr DEFI LLC, ET DEFI LLC, and BWT DEFI LLC — all named after the initials of the three sons. While DT Marks DEFI LLC earlier held a 75% stake in World Liberty Financial, it later lowered it to approximately 60%, as previously reported. The crypto venture raised $615 million via the sale of its native WLFI tokens in four rounds, as per ICO Drops. The company has also launched USD1, a stablecoin pegged to the U.S. dollar. As per DeFiLlama, USD1 has a market cap of $2.19 billion and accounts for 0.0086% share of the total stablecoin market cap of $251.73 billion. World Liberty Financial isn't the only crypto venture the Trump family is involved with. Meme coins, crypto exchange-traded funds, non-fungible tokens (NFTs) — there is hardly any crypto business that the First Family hasn't ventured into. Trump's second presidential term has also seen the U.S. administration pursuing an aggressive pro-crypto policy, such as the order to create a strategic Bitcoin reserve and the introduction of bills regarding stablecoin regulation and crypto market structure. Trump's financial relationship to these crypto ventures has raised questions regarding conflicts of interest, with Democrat leaders such as Sen. Elizabeth Warren (D-MA) being the most vocal critics. Trump family pulls silent exit from high-stakes venture, cuts 20% stake first appeared on TheStreet on Jun 19, 2025 This story was originally reported by TheStreet on Jun 19, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21 hours ago
- Business
- Yahoo
The $54 Billion Asset Wall Street Ignores.
Introduction: A Legacy of Patient Capital Founded in 1920, Occidental Petroleum (NYSE:OXY) has steadily built a formidable position in the Permian Basin through patient, disciplined capital allocation, underscored by strategic acquisitions supported notably by Berkshire Hathaway. With Anadarko Petroleum acquired in 2019 and CrownRock more recently, Occidental now holds extensive acreage in the Delaware sub-basin, famous for its multiple, deeper, highly productive geological layers. Warning! GuruFocus has detected 6 Warning Sign with FANG. The company's position today is rooted in legacy assets that stretch back decades. The acquisition of Anadarko brought more than 6,000 wells, many drilled into only a subset of the available zones. Occidental now controls an estimated 20,000 producing wells and holds thousands of permitted or identified drilling locations, including underdeveloped zones left untouched by prior operators. As disclosed in its Q1 2025 investor presentation, Occidental estimates it has approximately 18,000 future drilling locationsrepresenting a decades-long inventory of high-quality wells. What Are We Buying? Investing in an exploration and production (E&P) company means buying two things: current productionrepresented by existing wellsand the potential for future production, which in Occidental's case includes a vast backlog of undeveloped drilling locations. Occidental dramatically reduces capital expenditure by drilling new wells on long-depreciated sites. Much of its acreage is held by production (HBP), and many leases were originally granted on legacy federal terms that include a 12.5% royalty ratewell below current Permian norms. Recent legislation has increased federal royalty minimums to 16.67%, while some New Mexico state leases in premium zones now demand up to 25%. This means Occidental avoids paying an additional 412.5% per barrel in royalties relative to new entrantsequating to a $3$9 per barrel advantage at $70 oil and materially enhancing the net present value of each new well. The recycling of infrastructureroads, water systems, and drilling padsminimizes the need for costly surface development and accelerates returns on new production. In 2024, Occidental drilled 550 new wells and allocated $2.8 billion to that activity, representing only the portion of total capex dedicated to well development. This results in a per-well cost of approximately $5.09 million.: Occidental further benefits from its strategy of increasing pad density by adding new wells to existing sites. This approach spreads fixed costsleases, compressors, oil-handling infrastructureacross more output and enhances late-life economics as operating costs replace capital expenditure as the dominant cost category. Furthermore, the fixed and substantial costs required to return each site to its original stateknown as plugging and abandonment liabilitiesare also spread across more wells. This means Occidental's wells are not only cheaper to drill and operate, but also cheaper to shut in, even though they tend to recover their investment more quickly thanks to higher early production. Occidental also benefits from its leadership in CO? injection for enhanced oil recovery. It is by far the largest operator in the U.S. in this field, injecting roughly 2.6 billion cubic feet per day. Because current legislationspecifically the Inflation Reduction Act of 2022awards tax credits for CO? sequestration, Occidental's dominance in this area results in lower effective tax rates, further strengthening its cash generation. These benefits are not yet fully visible in the earnings statement, as the credits only began scaling significantly in 2023 and continue to ramp up in 2024 and beyond. The inventory of 18,000 locations represents a $54 billion hidden asset when considering Occidental's $3 million per-well cost advantage across 18.000 wells. It is capital efficiencyearned through years of disciplined developmentthat now sets the company apart. In addition to being cheaper to drill, Occidental's wells are also more productive initially. The same Q1 2025 presentation shows that Occidental leads the industry in first-year production per well. Because its pay zones are deeper, reservoir pressure is greater, and wells yield more upfront. This means capital is returned more quicklya vital advantage in a volatile commodity market. What Are We Paying? Despite its structural advantages, Occidental trades at a lower valuation than many of its peers. Its price-to-free-cash-flow ratio and market cap per barrel of daily production are both below average: This means investors today are paying nothing for Occidental's hidden assetsits inventory of long-depreciated pads that can be revisited at low cost, or its leadership in CO? injection, which materially lowers its tax rate. These advantages enhance both return on capital and capital efficiency but the market gives Occidental no credit for them. Margin of Safety: Getting More for Less Occidental is not simply a low-cost operatorit is a low-cost operator with a long runway of growth, significant tax advantages, and industry-leading productivity. Yet it trades at a lower price-to-free-cash-flow multiple and market cap per BOE than many peers. That gapbetween what you're buying and what you're payingis what value investing is all about. A Long View: Who Is Buying? Some of the most patient and respected value investors in the world have built stakes in Occidental. Berkshire Hathaway continues to add to its position. Other shareholders include Francis Chou (Trades, Portfolio), Bruce Berkowitz (Trades, Portfolio), and Prem Watsa (Trades, Portfolio)figures known for their focus on long-duration compounders. These investors are not reacting to next week's rig count. They're not looking for a quarterly popthey're buying long-term optionality backed by physical resources and long-cycle infrastructure. They are allocating capital based on decades-long advantages in geology, tax structure, infrastructure, and cost discipline. Their involvement provides a final vote of confidence in Occidental's long-term value proposition. Risks and Resilience One long-term risk to oil producers is a structural decline in demandso-called "peak oil." Occidental is better positioned than most for such a scenario, thanks to its small market share. Even if global oil demand falls 50% by 2040, Occidental can still grow by displacing higher-cost barrels, particularly in industrial, chemical, and fertilizer markets that remain oil- and gas-dependent. Geopolitical risks are also relatively muted. Occidental's operations are concentrated in the United Statesmainly Texas and Oklahoma. These regions offer robust physical security and minimal risk of activism or expropriation. These regions are socially and politically aligned with energy development, making them inhospitable terrain for activists to disrupt. Finally, while Occidental carries significant debt, it has successfully pushed most maturities out beyond the near term. This reduces refinancing risk and gives management the flexibility to prioritize long-term capital allocation over short-term market volatility. Sources and Methodology Occidental Petroleum 2024 10-K Diamondback Energy 2024 10-K EOG Resources 2024 10-K Pioneer Natural Resources 2023 10-K Occidental Q1 2025 Investor Presentation Estimated CO? tax credit benefit ($1.20 per barrel) based on current legislation (~$60 per metric ton CO?). Typical well NPV ($12 million) sourced from TGS Weekly Spotlight This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
