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Stock Warrants To Trade On Occidental Petroleum (OXY)

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Investors should be aware that on Monday, August 3rd, stock warrants will begin trading on Occidental Petroleum (OXY) under the symbol of OXY.WS on the NYSE. The warrants will have a 7-year life and will be exercisable at a price of $22.00. This is one of the first long-term stock warrants to be issued on a major oil company and will give investors numerous investment opportunities, including: 1.Buying and holding the warrants as a long term investment 2.Trading the warrants for active investors 3.Hedging opportunities – buy the warrants and sell puts on the common shares Based upon the closing share price of OXY on Friday, July 31st, $15.74, the Black Scholes valuation of the anticipated warrants from MyStockOptions.com is $6.68 While the above is not exact, we would anticipate the warrants to begin trading in a range of $6.00 to $7.25 with heavy volume, thus giving investors great liquidity to trade in and out as needed. In a Press Release on June 26th, 2020 Occidental Announces Distribution of Warrants to Purchase Common Stock “HOUSTON – June 26, 2020 – Occidental Petroleum Corporation (NYSE:OXY) today announced that its Board of Directors has declared a distribution to holders of its common stock of warrants to purchase additional shares of common stock. Holders of Occidental common stock will receive 1/8th of a warrant for each share of common stock held as of the record date, and each warrant will entitle the holder to purchase one share of Occidental common stock for a purchase price … Continue reading →

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SPAC Interview With Mudrick Capital (MUDS) And Hycroft Mining (HYMC)

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By Dudley Pierce Baker Founder – Editor Common Stock Warrants I recently had the privilege of interviewing Jason Mudrick of Mudrick Capital Acquisition Corp (MUDS) and their recent merger with Hycroft Mining now trading on the Nasdaq as HYMC and HYMCW. We were joined in the interview with Jeff Baker, my son, an economic geologist as well as David Kirsch, Chairman of the Board of Hycroft Mining. Hycroft Mining will be announcing its Second Quarter financials on August 10, 2020. Hycroft to Release Second Quarter Financial and Operating Results on Monday, August 10, 2020 Conference Call to be Held August 10, 2020, at 11:00 am MT  We trust you will enjoy our interview and encourage you to share with other like-minded investors. Hycroft Mining Holding Corporation (HYMC) is a gold and silver producer operating the Hycroft Mine located in the world-class mining region of Northern Nevada. The Hycroft Mine features one of the largest gold and silver deposits in the world with a low-capital, low-cost process and a 34-year mine life. Hycroft Restart and Future Growth Interested investors should visit Hycroft’s recently updated Corporate Presentation as of July 2020 Hycroft Mine Overview Senior-scale asset with expected average annual production of approximately 366 koz Au Eq.(1)  Management has developed a “capital light” restart plan that is being executed in 2020 after which the mine will be begin to ramp up to Feasibility Study production levels  Mining has been ongoing for over a year  Hycroft has fully constructed mine … Continue reading →

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Warrants On Maple Gold Mines – Worth A Shot?

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By Dudley Pierce Baker CommonStockWarrants.com Bob Moriarty , 321Gold.com, has written about Maple Gold Mines, TSXV:MGM on several occasions: Maple Gold for $6 an Ounce US and I was wrong about an Oct crash (October 31, 2019) Bob Moriarty Talks Gold, Irving, Novo, Maple Gold and More (October 8, 2019) Maple Gold for $3.02 an Ounce US (October 1, 2019) The share price is been really strong lately and the company just announced more advanced activity at their Douay property. “Maple Gold Mines Ltd. has engaged Computational Geosciences Inc. (CGI) to complete a new and expanded artificial intelligence study for targeting high-grade gold at Douay.” The question now, is it time to buy the shares or perhaps the stock warrants? Frequently overlooked by investors are stock warrants trading, if any, on their favorite companies. In this case, Maple Gold Mines does have stock warrants trading, TSXV:MGM.WT The exercise price is C$0.40 and the warrants will expire on June 27, 2022. If the shares continue to trade below C$0.40 through the expiration date the warrants are and will be worthless. However, what if, in the next two years Maple Gold has some great drill results and the shares skyrocket. This brings in the potential for outrageous gains with the additional leverage with the stock warrants.   A few projections for you: Projections for Common shares                   
  
.50             .60         .75          1.00         1.50 As of July 9, 2020 – C$0.17 Gain on shares      … Continue reading →

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Warrantless but not unwarranted: Therapeutics Acquisition prices first ever SPAC IPO of common shares

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Note from Dudley Pierce Baker, CommonStockWarrants.com I just saw this article out today and wanted to share it will my followers. If you follow the SPAC’s, blank check companies, this is the first offering without a stock warrant. Only shares were issued, not units, and thus no warrants which we frankly love to see as they are included in our database. I kind of doubt this will become a trend but I will be watching. Warrantless but not unwarranted: Therapeutics Acquisition prices first ever SPAC IPO of common shares July 8, 2020 2020’s blank check boom hit another major milestone with Therapeutics Acquisition (TXAC). For the first time in their roughly 20-year history, a SPAC has completed an IPO by selling common shares rather than units, signaling ever-greater demand in the space. SPAC offerings normally include units consisting of shares of common stock and tradable warrants. Therapeutics Acquisition marks a notable first, but it is also part of a trend, with more SPACs this year lowering their warrant component to 1/3 and 1/4 warrants. 2020 SPAC milestones The first ever SPAC IPO of common shares: Therapeutics Acquisition (TXAC) The largest SPAC ever to go public: Churchill Capital Corp III (CCXXU) The largest SPAC ever to file for an IPO: Pershing Square Tontine (PSTH.U) The biggest quarter ever by proceeds (tied for most deals): 2Q20, 24 SPACs and $7.2 billion On pace for a record year in 2020 Several companies have chosen SPAC listings over IPOs   Therapeutics Acquisition Corp., Sponsored by RA Capital Management, L.P., Announces Pricing of Upsized $118 Million … Continue reading →

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Stock Warrants Coming Soon On Occidental Petroleum Corp.

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By Dudley Pierce Baker Founder – Editor CommonStockWarrants.com On Friday we saw the press release (see below) from Occidental Petroleum Corporation that they will soon be issuing stock warrants to their shareholders and which will be trading on the NYSE. “Holders of Occidental common stock will receive 1/8th of a warrant for each share of common stock held as of the record date, and each warrant will entitle the holder to purchase one share of Occidental common stock for a purchase price of $22 per share. The distribution of the warrants will be made on August 3, 2020 to stockholders of record as of July 6, 2020. The warrants will have a term of seven years and Occidental expects to list the warrants on The New York Stock Exchange.” This warrant will be a welcomed addition to the many warrants already trading in the United States and Canada on virtually all industries and sectors. I invite you to join us as a subscriber to access our warrant databases and take advantage of these exciting opportunities. Our databases are fully sortable by company name, industry, symbol, expiration date, and more. Listen to my recent interview with Bill Powers of MiningStockEducation.com discussing the opportunities with stock warrants: 100-fold Gain Possibilities via Warrants in Blank Check Companies with Dudley Baker         Occidental Announces Distribution of Warrants to Purchase Common Stock Friday, June 26, 2020 5:52 pm EST HOUSTON – June 26, 2020 – Occidental Petroleum Corporation (NYSE:OXY) today announced that its Board … Continue reading →

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