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Stock impact report

Why Vitesse Energy Stock Slumped Today [Yahoo! Finance]

Vitesse Energy, Inc. (VTS) 
Company Research Source: Yahoo! Finance
The move comes as the price of oil corrected in light of President Trump's commentary on a constructive dialogue with the regime in Iran. While Iran has denied that any negotiations have taken place, investors are pricing in a more favorable outcome to the conflict, and one that could take the pressure off of oil supplies. Vitesse Energy's business model offers some protection As an oil company with significant exposure to higher-cost oil in the Bakken formation (primarily North Dakota), Vitesse is sensitive to oil prices. Vitesse operates an unusual business model: it owns and operates only 9% of the wells in which it has an operating interest, with the rest coming from owning stakes in wells operated by other oil producers. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Image source: Getty Images. The c Show less Read more
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