subsea

1 day ago

Kraken Robotics (OTC: KRKNF) stock has been struggling lately. The company's share price hit a lifetime high of $8.13 per share in March, soon after it was announced that the marine technologies company was acquiring Covelya for 615 million Canadian dollars, but its stock has now lost more than half of its value since hitting that valuation peak.
Valuation multiples for next-generation defense tech companies have generally come down in subsequent trading. Investors are concerned about the potential integration risks with the Covelya acquisition, and the company's recent second-quarter report showed relatively modest growth. As a result, Kraken stock is now trading down roughly 21% year-to-date and 55% from its 2026 high.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Should investors be buying the stock in September?
Kraken Robotic is a leading provider of subsea batteries for uncrewed underwater vehicles (UUVs), synthetic aperture sonar (SAS) for ocean-floor mapping, and other subsea intelligence and navigation solutions. Through its acquisition of Covelya, the company has also significantly broadened its product portfolio and expanded its capabilities in positioning, scanning, and overall subsea robotics.

#kraken #subsea

wildy

4 days ago

Riverwater Partners, an investment management company, released its 'Small Cap Strategy' Q2 2026 investor letter. The letter can be downloaded here. The Small Cap Strategy underperformed the Russell 2000 in the second quarter as the benchmark experienced one of its strongest risk-on rallies in recent memory, although the strategy remained ahead year-to-date. The quarter was defined by accelerating AI investment, energy market disruptions, and renewed investor appetite for higher-beta stocks, creating headwinds for the firm's quality-focused approach and healthcare positioning. Despite this, stock selection contributed positively in energy, materials, and financials, while healthcare and consumer discretionary detracted due to the fund's disciplined avoidance of speculative businesses. Looking ahead, the firm remains cautiously optimistic, focusing on opportunities created by market dislocations, including AI infrastructure enablers, select consumer companies, healthcare innovators, and energy businesses trading below intrinsic value. The strategy continues to emphasize high-quality companies with strong management teams and attractive valuations, positioning the portfolio for a potential rotation away from speculative market leadership. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Riverwater Partners Small Cap Strategy highlighted Oceaneering International, Inc. (NYSE:OII). Oceaneering International, Inc. (NYSE:OII), a subsea engineering and offshore services company that serves the offshore energy, defense, aerospace, and manufacturing industries, was added to the portfolio in the quarter. On August 31, 2026, Oceaneering International, Inc. (NYSE:OII) closed at $51.76 per share. The one-month return of Oceaneering International, Inc. (NYSE:OII) was 2.64% and its shares gained 112.92% over the past 52 weeks. Oceaneering International, Inc. (NYSE:OII) has a market capitalization of $5.15 billion.
Riverwater Partners Small Cap Strategy stated the following regarding Oceaneering International, Inc. (NYSE:OII) in its Q2 2026 investor letter:
"Within energy, we repositioned toward services. We initiated Oceaneering International (OII), a leader in subsea robotics and offshore services, as offshore and subsea capital spending emerges from a seven-year drought and the U.S. rig count climbs; the position was funded in part by our exit of natural gas producer CNX Resources (CNX)."

#small #riverwater #investor #letter

modulesvms

11 days ago

Aker BP has commenced production at the Skarv Satellite Project in the Norwegian Sea, bringing the Alve Nord, Idun Nord and Ørn fields online one year ahead of the initial schedule.
The developments hold nearly 120 million barrels of oil equivalent (mboe) in recoverable resources. In addition, they aim to improve flexibility and prolong operational life for the infrastructure surrounding the Skarv field.
The Alve Nord, Idun Nord and Ørn fields are located near the existing Skarv field in the northern Norwegian Sea. They have each been developed as separate subsea projects, linked together through the Skarv Satellite Project.
Each development incorporates a subsea template and two wells, all tied back to the Skarv floating production, storage and offloading facility.
Aker BP indicated that efficient use of existing infrastructure has kept the carbon dioxide (CO₂) intensity of production at around 4.5kg per barrel of oil equivalent (boe).

#production

modulesvms

1 month ago

Ocean Power Technologies Inc (NYSE-A:OPTT) CEO Philipp Stratmann talked with Proactive about the company's acquisition of the subsea wave power generating intellectual property portfolio from Columbia Wave Power, recent financial results and how the business is expanding its capabilities from surface maritime operations to seabed infrastructure.
Proactive: Welcome back inside our Proactive newsroom. Joining me now is Philipp Stratmann, CEO of Ocean Power Technologies. Philipp, it's great to see you again. How are you doing?
Philipp Stratmann: I'm doing well. It's good to be on again.
You recently reported your financial results and also completed an acquisition. Tell us about the acquisition.
We acquired the subsea wave power generating IP portfolio from Columbia Wave Power. We've been focused on surface maritime domain awareness and maritime dominance, but this acquisition helps us extend our offering from the surface down to the seabed. As experts in maritime power generation at a non-grid-connected scale, it completes an important part of our overall solution.

#power #philipp #stratmann #ocean

wodvz

3 months ago

HELSINKI, June 5 (Reuters) - Finnish police investigating last year's damage to two subsea ‌telecommunication cables in the Baltic Sea said ‌on Friday that four people are suspected of a crime, and that prosecutors will decide on any charges.
Finland seized the Fitburg cargo ship on December 31 while en route from Russia ‌to Israel on ⁠suspicion of damaging cables running from Helsinki across the Gulf of ⁠Finland to Estonia, one of a string of such incidents in recent years.
Police on Friday said they had investigated suspected aggravated criminal damage, attempted ‌aggravated criminal damage and aggravated interference with telecommunications, and that the case was being referred to prosecutors for possible charges.
"The investigation concluded with four suspects, three of whom remain ‌subject to a travel ban," the police said in a statement.
The Baltic Sea region is on high ‌alert after a string of power cable, telecom link and gas pipeline outages since Russia invaded Ukraine in 2022, and NATO has ‌boosted its military presence with frigates, aircraft and naval drones.