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In a digital world where alliances can shift as quickly as a viral tweet, tech visionary Elon Musk found himself in an uncharacteristic position on Wednesday: expressing public regret.

The target of his digital mea culpa? None other than US President Donald Trump, a figure with whom Musk had, until very recently, shared a notably close and strategically significant partnership.

This rare admission of regret from the often-unflinching billionaire signaled a potential, if tentative, de-escalation in an explosive public feud that had captivated onlookers and rattled market nerves.

The preceding week had been nothing short of a political soap opera.

A once-tight bond, which saw Musk appointed to spearhead the ambitious, budget-slashing Department of Government Efficiency (DOGE) under Trump’s second term, had spectacularly imploded.

The fallout left investors and political commentators alike anxiously pondering the future trajectory of Musk’s sprawling empire, particularly his flagship companies, Tesla and SpaceX.

Then came Musk’s concise, yet loaded, statement on his X social media platform: “I regret some of my posts about President @realDonaldTrump last week. They went too far.”

The spark: a ‘disgusting abomination’ and White House retribution

The fuse for this public detonation was lit by Musk’s fiery denunciation of the Trump administration’s proposed spending bill.

This sprawling piece of legislation, a cornerstone of Trump’s domestic agenda, was met with Musk’s unvarnished scorn.

He didn’t just disagree; he labeled it a “disgusting abomination” and, in a move that many saw as crossing a political Rubicon, urged for political retribution against any Republican lawmakers who dared to support it.

Such a direct challenge, especially from a figure of Musk’s stature and influence, was never going to pass unnoticed within the fortified walls of the White House.

And notice, they did.

Following the heated drama, President Trump, who is never one to shy away from a public confrontation, delivered a stern counterpunch during an NBC News interview on Saturday.

He warned Musk of “very serious consequences” if the billionaire actually acted on his apparent threat to bankroll primary challengers against incumbent Republican lawmakers who had backed the contentious bill.

“He’ll have to pay very serious consequences if he does that,” Trump declared, his words carrying an air of ominous ambiguity as he declined to specify what form these consequences might take.

Any hope of a swift reconciliation was decisively quashed when the President added, with characteristic bluntness, “I have no intention of speaking to him.”

The acrimony was a dizzying reversal from the public bonhomie of just a week prior.

Trump had then been lauding Musk’s service as the head of DOGE, an advisory body conceived to inject a dose of Musk’s famed efficiency into the sprawling federal bureaucracy.

But Musk had abruptly stepped down, citing deep-seated disagreements over the fundamental direction of government spending.

It was a move that, in retrospect, served as the prelude to his open, scathing criticism of the President’s signature legislation.

Musk’s initial critical posts online had triggered an immediate and forceful pushback from the administration.

This further culminated in Trump accusing his former ally of ingratitude and, perhaps more alarmingly for Musk’s shareholders, threatening a review of lucrative federal contracts awarded to his companies.

The Epstein gambit: an incendiary claim, a swift deletion, and lingering questions

The already white-hot tensions between the two titans then escalated to a near inferno.

Musk, in a series of posts that sent shockwaves across the internet, directly linked President Trump to the deceased and disgraced financier Jeffrey Epstein, who had died by suicide in federal custody in 2019 while awaiting trial on sex trafficking charges.

“Time to drop the really big bomb: (Trump) is in the Epstein files,” Musk typed into the digital ether, alluding to unreleased government documents rumored to detail Epstein’s extensive network of high-profile associates.

He didn’t stop there.

Musk further alleged that these supposed documents were being deliberately suppressed, hinting that they might contain politically damaging information about the President himself.

Musk offered no shred of evidence to back this explosive claim, nor did he specify which “files” he was referencing.

In a tantalizing follow-up, he urged his millions of followers to “mark this post for the future,” cryptically adding, “The truth will come out.”

The digital bombshell, however, had a remarkably short fuse.

By Saturday morning, both incendiary posts had vanished from Musk’s X account, deleted without a word of explanation, leaving a void filled with speculation and unanswered questions.

President Trump, when confronted with Musk’s allegations by NBC, brushed them aside as “old news.”

“Even Epstein’s lawyer said I had nothing to do with it,” he retorted.

It’s a matter of public record that President Trump has acknowledged knowing Epstein socially in the past, but he has consistently and vehemently denied ever visiting Epstein’s notorious private island or participating in any illegal activity.

Crucially, publicly released documents pertaining to the Epstein case do not accuse the President of any wrongdoing.

Musk’s subsequent deletion of the posts, followed by his midweek expression of regret, now suggests a calculated attempt to dial back the intensity of the confrontation.

Whether this signals a genuine desire for rapprochement, a strategic retreat in the face of presidential power, or simply Muskian unpredictability, remains to be seen.

The digital dust may be settling, but the underlying rifts in this high-stakes relationship may well linger, casting a long shadow over the intersection of tech, politics, and power.

The post After Epstein ‘bomb’ & Trump’s wrath, Elon Musk admits he ‘went too far’ in feud appeared first on Invezz

Alvopetro Energy Ltd. (TSXV: ALV) (OTCQX: ALVOF) announces May 2025 sales volumes and an operational update, including results from our 183-D4 well. Based on cased hole logs and logs while drilling, the well encountered 61 metres total vertical depth (‘TVD’) potential net natural gas pay in the Caruaçu Formation 106 metres updip of our 183-A3 well.

President & CEO, Corey C. Ruttan commented:

‘May sales included the first full month of production from our first two wells drilled in Western Canada averaging 346 bopd gross (173 bopd net), exceeding our pre-farmin expectations and we are looking forward to drilling our next two wells here starting this summer. We are also encouraged by our 183-D4 results and expect to have this well on production in Q3 to fuel continued production growth in Brazil .’

May Sales Volumes

Natural gas, NGLs and crude oil sales:

May

2025

April

2025

Q1

2025

Brazil:

Natural gas (Mcfpd), by field:

Caburé

10,800

12,636

11,710

Murucututu

1,500

844

2,093

Total natural gas (Mcfpd)

12,300

13,480

13,803

NGLs (bopd)

111

126

135

Oil (bopd)

10

Total (boepd) – Brazil

2,161

2,373

2,446

Canada:

Oil (bopd) – Canada

173

90

Total Company – boepd (1)

2,334

2,463

2,446

(1)

Alvopetro reported volumes are based on sales volumes which, due to the timing of sales deliveries, may differ from production volumes.

May sales volumes in Brazil averaged 2,161 boepd, including natural gas sales of 12.3 MMcfpd and associated natural gas liquids sales from condensate of 111 bopd, based on field estimates. Sales volumes decreased 9% compared to April due to turnarounds at both Alvopetro facilities and Bahiagás end user plants, which impacted demand in the month. In Canada , with a full month of production in May, Alvopetro’s net 50% share of oil sales volumes increased to 173 bopd, bringing the Company’s total sales to 2,334 boepd, based on field estimates.

Operational Update

183-D4 Well Results

We have now completed the sidetrack and drilling of our 183-D4 well on our 100% Murucututu natural gas field. The well was drilled to a total measured depth of 3,072 metres and has been cased and cemented. The well encountered the Caruaçu Member of the Maracangalha Formation 106 metres structurally updip of our 183-A3 success.

Based on cased-hole gamma ray logs and normalized gas while drilling, the well encountered potential natural gas pay in the Caruaçu Member of the Maracangalha Formation, with an aggregate 61 metres of potential natural gas pay between 2,439 and 2,838 meters TVD.

Based on these drilling results, we plan to complete the well in up to 5 intervals and expect the well to be on production to the field production facility in the third quarter.

Caburé Unit Development Drilling Program

Our planned Caburé Unit development drilling program has commenced. The first well has now been spud and we expect to have four wells drilled by the end of the third quarter.

Western Canadian Capital Plan

In Western Canada , well pad construction for our next two wells has commenced and we expect the wells to be drilled in the third quarter.

Annual General Meeting

Alvopetro’s annual general and special meeting (the ‘Meeting’) will be held on Wednesday, June 18, 2025 at the offices of Torys LLP (Suite 4600, 525 8 th SW, Calgary, Alberta ) beginning at 9:30 a.m. Mountain time. The management information circular and all related materials are available on our website and www.sedarplus.ca .

All interested parties are invited to attend the Meeting. We will also be broadcasting the meeting via live webcast for the interest of all shareholders. Please be advised that shareholders will not be able to vote any shares through this webcast format. Details for joining the event are as follows:

DATE: June 18, 2025
TIME : 9:30 AM Mountain/ 11:30 AM Eastern
LINK: https://us06web.zoom.us/j/89512204386
DIAL-IN NUMBERS:
https://us06web.zoom.us/u/kenh5nLlte
WEBINAR ID   : 895 1220 4386

Corporate Presentation

Alvopetro’s updated corporate presentation is available on our website at:
http://www.alvopetro.com/corporate-presentation .

Social   Media

Follow Alvopetro on our social media channels at the following links:

Twitter – https://twitter.com/AlvopetroEnergy
Instagram – https://www.instagram.com/alvopetro/
LinkedIn – https://www.linkedin.com/company/alvopetro-energy-ltd

Alvopetro Energy Ltd. is deploying a balanced capital allocation model where we seek to reinvest roughly half our cash flows into organic growth opportunities and return the other half to stakeholders. Alvopetro’s organic growth strategy is to focus on the best combinations of geologic prospectivity and fiscal regime. Alvopetro is balancing capital investment opportunities in Canada and Brazil where we are   building off the strength of our Caburé and Murucututu natural gas fields and the related strategic midstream infrastructure.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Abbreviations:

boepd

=

barrels of oil equivalent (‘boe’) per day

bopd

=

barrels of oil and/or natural gas liquids (condensate) per day

BRL

=

Brazilian Real

Mcf

=

thousand cubic feet

Mcfpd

=

thousand cubic feet per day

MMcf

=

million cubic feet

MMcfpd

=

million cubic feet per day

NGLs

=

natural gas liquids (condensate)

BOE Disclosure

The term barrels of oil equivalent (‘boe’) may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet per barrel (6 Mcf/bbl) of natural gas to barrels of oil equivalence is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All boe conversions in this news release are derived from converting gas to oil in the ratio mix of six thousand cubic feet of gas to one barrel of oil.

Well Results

Data obtained from the 183-D4 well identified in this press release, including hydrocarbon shows, cased-hole logging data, and potential net pay should be considered preliminary until testing, detailed analysis and interpretation has been completed. Hydrocarbon shows can be seen during the drilling of a well in numerous circumstances and do not necessarily indicate a commercial discovery or the presence of commercial hydrocarbons in a well. There is no representation by Alvopetro that the data relating to the 183-D4 well contained in this press release is necessarily indicative of long-term performance or ultimate recovery. The reader is cautioned not to unduly rely on such data as such data may not be indicative of future performance of the well or of expected production or operational results for Alvopetro in the future.

Forward-Looking Statements and Cautionary Language

This news release contains forward-looking information within the meaning of applicable securities laws. The use of any of the words ‘will’, ‘expect’, ‘intend’, ‘plan’, ‘may’, ‘believe’, ‘estimate’, ‘forecast’, ‘anticipate’, ‘should’ and other similar words or expressions are intended to identify forward-looking information. Forward‐looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the expectations discussed in the forward-looking statements. These forward-looking statements reflect current assumptions and expectations regarding future events. Accordingly, when relying on forward-looking statements to make decisions, Alvopetro cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties. More particularly and without limitation, this news release contains forward-looking statements concerning potential net natural gas pay in the 183-D4 well and expectations regarding future completion plans for the well as well as timing of production commencement from the well, future production and sales volumes, plans relating to the Company’s operational activities, and other exploration and development activities in both Canada and Brazil and the timing for such activities. Forward-looking statements are necessarily based upon assumptions and judgments with respect to the future including, but not limited to the success of future drilling, completion, testing, recompletion and development activities and the timing of such activities, the performance of producing wells and reservoirs, well development and operating performance, expectations and assumptions concerning the timing of regulatory licenses and approvals, equipment availability, environmental regulation, including regulations relating to hydraulic fracturing and stimulation, the ability to monetize hydrocarbons discovered, the outlook for commodity markets and ability to access capital markets, foreign exchange rates, the outcome of any disputes, the outcome of redeterminations, general economic and business conditions, forecasted demand for oil and natural gas, the impact of global pandemics, weather and access to drilling locations, the availability and cost of labour and services, and the regulatory and legal environment and other risks associated with oil and gas operations. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Actual results achieved during the forecast period will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. Current and forecasted natural gas nominations are subject to change on a daily basis and such changes may be material. In addition, the declaration, timing, amount and payment of future dividends remain at the discretion of the Board of Directors. Although we believe that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because we can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, reliance on industry partners, availability of equipment and personnel, uncertainty surrounding timing for drilling and completion activities resulting from weather and other factors, changes in applicable regulatory regimes and health, safety and environmental risks), commodity price and foreign exchange rate fluctuations, market uncertainty associated with trade or tariff disputes, and general economic conditions. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Although Alvopetro believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Alvopetro can give no assurance that it will prove to be correct. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on factors that could affect the operations or financial results of Alvopetro are included in our AIF which may be accessed on Alvopetro’s SEDAR+ profile at www.sedarplus.ca . The forward-looking information contained in this news release is made as of the date hereof and Alvopetro undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

SOURCE Alvopetro Energy Ltd.

View original content: http://www.newswire.ca/en/releases/archive/June2025/10/c2914.html

News Provided by Canada Newswire via QuoteMedia

This post appeared first on investingnews.com

Chipotle Mexican Grill is hoping that Americans’ love for ranch will boost its sales.

On June 17, the burrito chain is launching Adobo Ranch, a spicier take on the iconic condiment that has transcended salads to adorn pizza, chicken wings and chips. The menu item is Chipotle’s first new dip since queso blanco, which launched in 2020.

The debut comes as Chipotle tries to recover from a rough start to the year. In the first quarter, the company reported its first same-store sales decline since 2020. Executives cited a pullback from consumers who had become more concerned about the economy.

The company also lowered the top end of its outlook for full-year same-store sales growth and said traffic wouldn’t grow until the second half of the year.

Shares of Chipotle have fallen 12% this year, dragging its market cap down to $71 billion.

But Adobo Ranch could help to boost the company’s sales if it draws cautious diners back to the chain’s restaurants.

The dipping sauce is made with adobo peppers, sour cream and herbs and spices, according to the company. Adding Adobo Ranch to an order will cost an extra 75 cents.

Ranch outsells ketchup, although NIQ retail sales data shows that mayo still holds the top spot as the favorite condiment of U.S. consumers.

This post appeared first on NBC NEWS

The majority of House Democrats voted in favor of allowing non-citizens to participate in Washington, D.C. elections on Tuesday.

The House of Representatives passed a bill led by Rep. August Pfluger, R-Texas, to prohibit non-U.S. citizens from voting in elections in the nation’s capital.

It passed 266 to 148, with 56 Democrats joining Republicans in passing the measure. One Democrat voted ‘present,’ while 148 voted against the bill.

‘I believe strongly in not having federal overreach, but we have jurisdiction, Congress has jurisdiction over Washington, District of Columbia…and we don’t like to utilize our jurisdiction and our authority, but in this case, they’ve gone too far,’ Pfluger told Fox News Digital in an interview before the vote.

D.C.’s progressive city council passed the Local Resident Voting Rights Amendment Act in 2022, granting non-U.S. citizens the ability to vote in local elections if they’ve lived in the district for at least 30 days.

Noncitizens can also hold local elected office in the D.C. government.

The local measure has been a frequent target of GOP attacks, with Republican national security hawks raising alarms about the possibility of hostile foreign agents participating in D.C. elections.

But progressive Democrats like Rep. Maxwell Frost, D-Fla., who spoke out against the bill on Tuesday afternoon, have dismissed that as an implausible scenario. 

‘Republicans claim that Congress has a constitutional duty to legislate on local D.C. matters, but this is historically and legally incorrect. Republicans legislate on local D.C. matters only when they think they can score political points, such as by demonizing immigrants,’ Frost said during debate on the House floor.

‘They only bring it up to the floor when they think they can score political points, taking away the democratic rights of people here in D.C. and home rule.’

Frost also argued that it was ‘highly unlikely’ foreign officials would vote in those elections, claiming they would have to ‘renounce their right to vote in their home country’ and because ‘D.C. has no authority in federal matters.’

But Pfluger, who spoke with Fox News Digital before the vote, was optimistic that it would get at least some Democratic support.

He noted that 52 Democrats voted for the bill when it passed the House in the previous Congress. It was never taken up in the formerly Democrat-controlled Senate, however.

‘It’s hard to go back to your district as a Democrat and say, yeah, I want foreign agents to be able to vote in our elections – ‘Oh yeah, it’s not federal elections,’ some may say. But it has an impact on the way the city is run,’ Pfluger said.

‘This could be Russian embassy personnel, they could be Chinese embassy personnel – a number of folks. It’s just wrong. It goes against the fabric of our society,’ he added.

Another bill receiving a vote on Tuesday is legislation that would grant D.C. police the ability to negotiate punishments via collective bargaining, and would help shield the capital’s police force from at least some liability by installing a statute of limitations against the Metropolitan Police Department. 

That legislation was introduced by New York Republican Rep. Andrew Garbarino.

This post appeared first on FOX NEWS