The North Sea's Last Untouched Cousin Now Has a Drill Date.
Forty years of North Sea oil and gas built fortunes for British, Norwegian, and American operators. Across the strait, in onshore east Greenland, sits the same petroleum system — the same Permian-Triassic source rocks, the same reservoir architecture, the same multi-play stacked geology — never properly drilled.
That position is now public. It's called Greenland Energy Company (NASDAQ: GLND).
GLND's updated investor presentation sharpens the picture. The Jameson Land Basin covers more than 8,400 square kilometers of onshore Arctic acreage and is ranked by Sproule as the 13th largest undeveloped oil accumulation in the world. Independent engineering identifies 58 prospects and leads, with up to approximately 13.0 billion barrels of gross un-risked prospective resources.
The deal structure is clean: GLND has rights to earn up to a 70% working interest after funding/completing the first two exploration wells, subject to the farm-out terms.* Each well is drilled to a minimum depth of 3,500 metres — with 80 Mile retaining the residual 30%. The targeted spud window is October 2026. Procurement is underway. Infrastructure mobilization is in motion. Road and pad construction is being planned.
Halliburton is engaged for integrated consulting, logistics, and drilling services. IPT Well Solutions is on project management. Stampede Drilling is contracted to operate. Leadership runs through CEO Robert Price, Chairman Larry Swets, Jr., CFO Ashiq Merchant, Executive Advisor Joe Moglia (former Chairman and CEO of TD Ameritrade), and new Board Director Carol Craig (CEO of Sidus Space).
Layer on the tape — locked-up float, reported borrow rates near ~827% — and the Dr. Phil docuseries hitting 220M+ households in the same window.
The North Sea analog. With a public ticker.
This is a paid advertisement by Greenland Energy Company
*Filings indicate 50% after the first well and 70% after the second.
Sponsored content. Borrow rates and float dynamics fluctuate and should be independently verified. Resource estimates are gross un-risked prospective resources and subject to exploration results. Forward-looking statements involve risks and uncertainties; actual results may differ materially. Not investment advice — consult your financial advisor and review all filings before investing.
Now, on to today’s edition of Finance Wrapped:
Hello there.
Happy Friday! As the AI technocrats debate who should foot the bill, get a load of Amazon and IBM in the corner over there…
In this issue:
💰 Big Tech's AI Bill Is Coming Due
⚡️ Gamestop Just Won’t Give It Up
🌬️ Chicago’s Quantum Comeback
🤖 OpenAI is Packing Their IPO Roster
🎙️ Netflix’s Gaming Gamble & The New Economics of Growth
…I can’t say exactly what, but they look like they’re plotting something. Maybe they figured the best cure for missing the AI bandwagon is to create the next one. Or maybe Jassy always looks like that, who knows. Let’s dig into it. 👇
💰 Big Tech's AI Bill Is Coming Due
After months of “AI only goes up” energy, markets just got a reality check. The tech-heavy Nasdaq got hit hard with a nearly 3% drop earlier this week. Nvidia and Micron, two of the biggest names in the chip game, pulled the whole index down before bouncing back on Thursday.
So, what happened to rattle all the eggs in that basket? Well, for one, their spending is starting to actually matter. For the past year, investors basically ignored the cost because revenue was going up, and everyone was hyped about the AI future. But this week, chip stocks got absolutely wrecked. Korean chipmakers like SK Hynix dropped over 10%, which bled into the US, freaked everyone out, and dragged down Nvidia and basically every other tech stock you've heard of. Basically, people are still wondering if all this AI spending is actually going to pay off, or if we're just building really expensive computers that mostly get used to generate memes.
Now, let’s not get ahead of ourselves: Tech stocks are still way up for the year, but investors are getting nervous. When you're sitting on huge gains, and suddenly everyone's talking about how expensive everything got, that's when people start hitting the sell button. Nobody wants to be a bag-holder, after all.
The big question now is whether this is just a normal breather after a wild run-up, or if we're watching the beginning of everyone realizing they may have gotten a little too excited about some extremely expensive calculators.
🎤 What do you think?
What's your game plan right now?
From last week’s issue:
⚡️ The Tech Ticker
GameStop dropped Ryan Cohen's $35 billion pay package so the company can focus on acquiring eBay, despite eBay calling the proposal "neither credible nor attractive."
Apple hiked prices on Macs, iPads, and the Vision Pro across the board, blaming an "extraordinary surge in demand" for chips from AI data centers.
Amazon's Zoox unveiled a redesigned robotaxi with comfier seats, bigger cupholders, and lighting to help you spot your phone before you leave it behind.
Coatue's Philippe Laffont thinks a $10 trillion company is coming, pointing out that SpaceX, OpenAI, and Anthropic are reshaping what mega-caps even look like.
Cerebras stock tanked nearly 20% after the AI chipmaker's first public earnings report. CEO Andrew Feldman said investors "misunderstood" the company's guidance.
🌬️ Chicago’s Quantum Comeback
While everyone's been obsessing over AI, there's another tech race heating up in the Windy City. Some people think quantum computing might be the city’s redemption arc.
IBM has been quietly working on quantum computing at its lab in upstate New York for about a decade now. They’ve been working on quantum computers, which are basically super-powered computers that can solve problems regular computers would take literally forever to figure out. We're talking stuff like drug discovery, financial modeling, and cracking codes that would normally be impossible.
The federal government is backing a new foundry (basically a factory for making these specialized computers) that could help take quantum computing mainstream. And Chicago is positioning itself as a major player in this space.
Why should you care? Because whoever wins the quantum race is going to have a massive advantage in everything from healthcare to national security. It's still early days, but keep an eye on companies like IBM that are investing heavily in scaling this tech up. As we reported last week, Amazon is also going in on this.
Does that mean we’ll have reliable, consumer-level quantum computing in the near future? No, but this could be the next big thing after AI, and getting in early on the right companies could be huge. Just remember, this is still pretty speculative stuff, so don't bet the rent money on it.
🤖 All Eyes on AI
OpenAI is loading up on talent before its IPO, snagging Google DeepMind legend Noam Shazeer and former Trump White House AI policy official Dean Ball.
Oracle cut 21,000 jobs over the past year, citing AI adoption as a key reason. That's a 13% workforce reduction and $1.8 billion in severance costs.
Anthropic is hiring for data center roles in Australia and Japan, signaling the company's first major push to build infrastructure outside the U.S.
Engineering jobs are surprisingly resilient despite all the AI doom talk, with data showing engineers made up 55% of new hires at major tech companies in 2025.
Nvidia CEO Jensen Huang warned that smuggled AI chips are a dead end, telling shareholders that data centers built with “pirate” hardware will fail without Nvidia's ongoing support.
🤡 Meme of the Week
🎙️ Netflix’s Gaming Gamble & The New Economics of Growth
In this episode of The Best One Yet, the hosts unpack a week where Netflix turns smartphones into game controllers, a bakery discovers how to multiply revenue without making a new product, and a major housing reform bill runs headfirst into political uncertainty.
📻 Tune in to:
Explore why Netflix’s console-free experiences could become the company’s next strategy for keeping subscribers engaged.
Dive into Levain Bakery’s surprisingly simple growth hack, where adding a scoop of ice cream made all the difference.
Get eyes on the newly passed housing legislation designed to accelerate home construction and address affordability challenges across the country.
🎧 Listen on:
⭐️ What did you think of today's edition?
That’s all for today. Write us and let us know your thoughts on the market, the newsletter, or the weather—we’d just love to hear from you.
Till next time,
— Brandon and Blake
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