An upstream energy company that drills for helium, crude oil, natural gas, and NGLs across 137,000 acres in Southeast New Mexico.
The company has near-zero revenue (USD 0.00B annually) and deeply negative margins — net margin was -4382.51% TTM. No business line currently pays the bills.
No visible moat: the company has no revenue, no production scale, and competes directly with large operators like Exxon Mobil and Chevron in the Permian Basin.
Key events, in time order
Q2 call: TCDC campus at 493 acres, phase 1 equity covered, asset-level capital raise planned
Governor recognition plus analyst view on grid power as AI moat lifts attention
M2 reports NVIDIA discussing up to $250B in guarantees for OpenAI's 10GW Ohio campus; M1 notes NVIDIA signed open letter supporting open-weight AI; M4 highlights powered land as hardest constraint
Multiple independent posters cite AI/HPC tailwinds; balance-sheet quality disputed, no company disclosure
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The narrative is that AI is becoming more economical due to cheaper compute, leading to increased usage and demand. This post highlights several companies involved in this trend.
Main discussion
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Facts and opinions separated · All items sourced · Not investment advice
