New Ask Claude or ChatGPT about any stock, using Bullpen. Bullpen in Claude or ChatGPT. 7 days free
Bullpen.News From Edwin Dorsey
Get Daily Recap Feedback

Thursday, November 12, 2026

Back to the front page

Looking Back at Another Successful Thesis

DoubleU Games raised its all-cash tender offer for DoubleDown Interactive minority holders to $16.25 per ADS from $11.25 after net cash made the earlier bid untenable.

DDI $779M
The Value Road 3 clicks

From X

@convequity

Convequity on X

It is a puzzle to me that Jensen has been ousted this quickly. 1. Currently Megaspeed seems to be tied to $BABA, not to the Chinese government. 2. The Chinese government's policy is to incubate domestic AI chips, including banning H200 imports. The government is not pushing $NVDA into China. 3. Or is China leveraging US politics to attack Nvidia, so that Jensen's resignation gives Huawei more time and weakens the US AI chip industry? If it turns out Jensen was simply ousted because of two affairs and there was no material national security damage, then US politicians are doing more harm than good by attacking Jensen Huang. It still makes sense to investigate further the nature of Jensen's dealings with China-affiliated entities.
@StableBread

Fajasy on X

Bulls N’ Bears, an Australian investment news site, called American West Metals’ $AWMLF new exploration target at its Storm copper project in Arctic Canada a “monster maiden exploration target.” The maiden exploration target estimates 110-214Mt @ 0.59-1.02% copper outside the current resource, or 646,000t to 2.2Mt of contained copper (2.3-7.9x Storm’s 276,000t resource). An exploration target is a range of what an area could hold before there’s enough drilling to estimate a resource, and $AWMLF calls its own “conceptual in nature.” Here’s where the seven target areas sit relative to Storm’s existing deposits (in red), with Chevron ~30km south in the inset. But most of the target rests on Storm’s existing deposits used as templates, or on little to no drilling: → Deeps Zone and Central Graben (345,000-777,000t): Assumes three more deposits the size of Cyclone, Storm’s largest, one below Cyclone and two in the Central Graben, backed by 14 widely spaced holes. → SE Stratabound and SE Structural (164,000-369,000t): Sized from three existing deposits (Chinook, Lightning Ridge, and Corona) ±20%, assumed to repeat down to ~300m below surface, plus nearby ground tested by 17 broadly spaced holes. → Tornado (95,000-859,000t): Largely unexplored ground 5km east of the deposits, where the two intercepts the release lists grade just 0.12-0.14% copper. → Chevron (14,000-123,000t): ~30km south of the deposits, with no holes drilled yet. The best intercepts in the Deeps Zone and Central Graben also start more than 300m down the hole, far deeper than the open pits the pre-feasibility study (PFS) plans. Even the extensions of the existing resource (28,000-64,000t), the part of the target closest to the deposits, grade 0.53-0.80% copper, below the reserve’s 1.2%. Managing director Dave O’Neill plans to develop Storm first and fund growth from it, since an operating mine “is expected to significantly reduce the costs of exploration,” he said in the release. So I don’t attach any value to the exploration target. It shows where $AWMLF plans to drill and run geophysical surveys in 2027, but little of it would add years to the PFS mine.

Investor Letters

All letters

Qure Anniversary Update

UniQure’s Huntington’s disease BLA has a May 1, 2027 priority-review date, with an FDA advisory committee expected in late first quarter.

QURE $1.7B
Triple S Special Situations Investing 2 clicks

Big Short: Fidelity & Guaranty

F&G’s main insurer held $66.5 billion of assets against $1.38 billion of statutory capital, while private credit, reinsurance dependence…

FG $3.2B
Mispriced Assets 3 clicks

Top Rebound Stocks for Nov’26

Texas Pacific Land's 50% selloff reflects faded data-center expectations, while its Permian royalty business generated $498 million of 2025…

TPL $19B
Rebound Capital 2 clicks
MOH · long

Molina Healthcare INC

Molina Healthcare is presented as a long investment in the widely disliked U.S. health-insurance industry.

MOH $11B
Value Investors Club 4 clicks

OXY's Plan for Financial FREEDOM

Occidental Petroleum’s plan targets debt-free operations and roughly double 2025 cash generation under new CEO Richard Jackson, following…

OXY $57B
Open Insights

Publications we follow

Every publication on this site, hand-picked.

130 publications

Newsletters 110

YouTube 4

Blogs 15

Seeking Alpha 84 of 286

Nominate a publication

X accounts we follow

Every account on this site, hand-picked.

91 accounts
Nominate an account

Investor letters we follow

376 firms

Sectors

Ordered by how often our editor reaches for them.