In the past week, the U.S. stock market hit a turning point and the S&P 500 has been on a real climb, reaching the 4,300 benchmark for the first time since August 2022. Its rally ended the bear market that began in January of last year, achieving 20 per cent growth since its low in October 2022.
We are now in another bull market and that means you’ll be seeing the word “bullish” a lot as it is an investor’s favourite adjective. Now let’s take a look at who’s making the most of this new sentiment.
Natural gas producer Trillion Energy International Inc. (CSE:TCF) reported the spudding, or beginning of drilling, of the Alapli-2 natural gas well at its offshore Türkiye facility.
Spudding is the initial drilling for an oil well.
Located in the South Akcakoca Sub-Basin Gas Field (SASB) gas field in the Black Sea, this is the sixth well in the company’s multi-well program.
Source: Trillion Energy.
Alapli-2 is a long-reach directional well being drilled from the Akkaya tripod and which will twin the Alapli-1 exploration well.
Though it was never put on production, the Alapli-1 well was perforated and tested at a combined rate of +7 MMcf/d, indicating to the team that the gas pool is economic. Meanwhile, the Bayhanli-2 gas well has averaged 8 MMcf/d (100 per cent) of natural gas production in its first six full days of operation.
From oil wells to oil gauges, BlackBerry (TSX:BB), once known for being the world’s largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communication for enterprises.
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The firm is partnering with automotive cybersecurity platform, Upstream Security to enable automakers to strengthen the overall security posture of their vehicles, by leveraging the telemetry data and edge compute capabilities from BlackBerry IVY, an in-vehicle software platform that enables automakers and their partners to monetize vehicle data.
Source: BlackBerry.
BlackBerry IVY was designed to help automakers reduce their cloud data storage costs by up to 97 per cent. BlackBerry and Upstream expect to deliver significant data connectivity savings of up to 80 per cent while expanding cybersecurity protection coverage by pre-processing vehicle data at the edge across multiple systems.
These companies believe that they can provide automakers with coverage and mitigate attacks while reducing cloud costs to help ensure vehicle fleets are protected amidst an industry landscape that has seen a rise in cyberattacks targeting both vehicles themselves and the broader smart transportation infrastructure to which they connect.
From land to the sky, Canada’s largest airline, Air Canada Inc. (TSX:AC) is expanding its international network with non-stop flights between Vancouver and Singapore.
The airline’s executive vice president, revenue and network planning, Mark Galardo, said it was essential for the company to adapt its international network strategy in response to evolving global trends by broadening its presence in the Indo-Pacific region to capitalize on growing business links and Canada’s changing demographics.
“We are committed to growing YVR as a premier trans-Pacific hub, and Singapore is a top global financial centre, a multicultural destination that offers an abundance of tourism and food experiences, as well as an important gateway to beyond destinations in Southeast Asia, Southern India and Western Australia,” Galardo said. “Our newest flight will be equally appreciated by international business travellers, as well as those seeking an exciting holiday destination, or simply visiting friends and family. Customers can now begin planning their next trip to Singapore.”
Source: Air Canada.
The new route will operate four times weekly, scheduled to begin April 3, 2024, onboard Air Canada’s flagship Boeing 787 Dreamliner fleet.
Week in and week out, the story changes among the markets. People have been so used to bad news for so long, it would be interesting to see the reaction to a market not under burden. In the words of John McLane, “Welcome to the party, pal!”. Whatever happens in the markets, we’ll have you covered. So stay updated, stay safe, and stay tuned. For previous editions: click here.
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