& The Daily Upside

Hope you’ve been enjoying this weekend with your loved ones.

In honor of the biggest sale day ever… Small Account Journey sale closes today (it’s pretty epic → check it out before seats are gone!). Two new things in there as well:

→ NEW $2000 Journey starts on Monday (Dec 1st).

→ NEW daily sessions at 3pm EST to ask questions/ discuss holding open trades overnight (Jason already does premarket sessions).

As always… be the best prepared trader on the Street!

FOCUS LIST🔎

PRZO – Up over 60% in the pre-market after announcing its drone system received European Regulatory Approval

DEVS – Up over 50% in pre after announcing it had entered the REC market in Asia with Medellin Solar Power Facility partnership

GPRK- Up over 2.5% in pre after announcing exclusive binding agreement to acquire Repsol exploration and production assets in Colombia

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HOTLIST🔥

PRZO – Up over 60% in the pre-market after announcing its drone system received European Regulatory Approval

ParaZero Technologies Ltd. (PRZO) is an aerospace company focused on safety systems for defense and commercial drones and urban air mobility aircraft

In the pre-market this morning, the company announced that it received the prestigious Design Verification Report (DVR) approval from the European Union Aviation Safety Agency (EASA) for its SafeAir M-300 Pro and SafeAir M-350 Pro parachute safety kits.

The EASA DVR confirms that ParaZero’s SafeAir M-300/ M-350 Pro parachute systems comply with key safety requirements, enabling drone operators to enhance their operational scope under the Specific Operations Risk Assessment (SORA) process. 

EASA’s stamp of approval strengthens ParaZero’s technology as a trusted solution for drone operations throughout Europe, ensuring safer, more versatile missions for commercial operators.

Shares of PRZO traded up over 60% in the pre-market in reaction to the news.

The $0.9660 area acted as support in the pre-market and will be an important level to watch.

Above it, targets to the upside are $1.10 and then the pre-market high at $1.24. Beyond that, targets to the upside are $1.30, $1.50 and $1.87.

Below $0.9660, targets to the downside are $0.85, $0.75 and then a gap fill at $0.6387.

DEVS – Up over 50% in pre after announcing it had entered the REC market in Asia with Medellin Solar Power Facility partnership

DevvStream Corp. (DEVS) is a leading carbon credit project co-development and generation firm specializing in technology-based solutions.

In the pre-market this morning, the company announced an agreement transferring the ownership of all renewable and carbon assets generated by the Sogod Energy Inc. Medellin Solar Power facility to DevvStream in the form of international renewable energy certificates (“I-RECs”). The 730-megawatt-peak Facility has been approved by the municipality of Medellin, Cebu as part of its “Medellin 2030” smart city master development plan and will be developed and implemented in three phases by Sogod Energy , a renewable energy company based in the Philippines.

I-RECs are tradable instruments that certify electricity was generated from renewable energy sources. Each I-REC represents 1 MWh of renewable electricity generated and injected into the grid. Organizations can purchase I-RECs to meet their renewable energy goals, support clean energy development, and report sustainability metrics, even if they cannot source renewable energy directly.

Shares of DEVS traded up over 50% in the pre-market in reaction to the news.

The $1.07 area acted as support in the pre-market and will be an important level to watch.

Above it, targets to the upside are $1.20, $1.30, $1.40 and then the pre-market high at $1.50. Beyond that, $1.80 and $2.08 come into play.

Below $1.07, targets to the downside are $0.99, $0.95, $0.85 and then a gap fill at $0.7660.

GPRK- Up over 2.5% in pre after announcing exclusive binding agreement to acquire Repsol exploration and production assets in Colombia

GeoPark Limited (GPRK) operates as an oil and natural gas exploration and production company primarily in Chile, Colombia, Brazil, Argentina, Ecuador, and other Latin American countries. It engages in the exploration, development, and production of oil and gas reserves.

In the pre-market this morning, the company announced that it has signed sale and purchase agreements (SPAs) with Repsol Exploración S.A. and Repsol E&P S.A.R.L to acquire Repsol upstream oil and gas assets in Colombia.

The potential acquisition would incorporate high-quality assets located in the prolific Llanos Basin, one of Colombia’s most productive oil regions where GeoPark already has a successful oil-finding track record and is a well-established operator both above and below ground. The agreements include the acquisition of 100% of Repsol Colombia O&G Limited, which owns a 45% non-operated working interest in the CPO-9 Block in Meta Department (operated by Ecopetrol with a 55% WI), and Repsol’s 25% interest in SierraCol Energy Arauca LLC (“Llanos Norte”) in Arauca Department. Together, these assets produced approximately 16,000 boepd net1 to Repsol as of September 2024.

The consideration for the potential acquisition at full scope is approximately $530 million, funded through a combination of cash resources and debt, including a non-recourse amortizing debt facility of up to $345 million, led and arranged by Macquarie Bank Limited, underscoring the security and strong cash generation profile of the assets. The debt facility is paired up with a robust hedging strategy that underpins debt service and provides price downside protection.

Shares of GPRK traded up over 2.5% in the pre-market in reaction to the news.

The first target for bulls is the pre-market high at $9.36. Beyond that, targets to the upside are $9.46, $9.80, $10 and $10.20.

Below $9.36, targets to the downside are a gap fill at $9.08 with $8.80 and $8.64 below that.

MARKET NEWS 📰

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