GSE Systems Inc
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*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

Information Technology : Software | Small Cap Value
Company profile

GSE Systems, Inc. is a provider of engineering services and technology, staffing, and simulation software to clients in the power and process industries. The Company’ segments include Engineering and Workforce Solutions. The Engineering segment encompasses its power plant fidelity simulation solutions, technical engineering services for American Society of Mechanical Engineers programs, power plant thermal performance optimization, and interactive computer-based tutorials/simulation. This segment includes various simulation products, engineering services, and operation training systems delivered across the industries it serves, primarily nuclear and fossil fuel power generation and the process industries. The Workforce Solutions segment supports entire project lifecycles and provides specialized capabilities throughout the energy and engineering industries. Its simulation solutions include software and services, including operator training systems, for the nuclear power industry.

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Warren Buffett's Berkshire Hathaway boosts stake in Occidental Petroleum to about 25%

8:20 am ET May 31, 2023 (MarketWatch)

By Mike Murphy

Warren Buffett's Berkshire Hathaway increased its stake in Occidental Petroleum Corp. to about 25% over the past week.

According a filing Tuesday with the Securities and Exchange Commission, Berkshire bought 4.66 million shares of Occidental between May 25 and May 30, at prices ranging from $58.30 to $58.85 a share, roughly $275 million in all.

That raised Berkshire's stake in Occidental to 221.99 million shares, according to the filing -- or 24.9% of the oil company -- worth about $13 billion at Tuesday's closing price of $58.59.

Occidental stock (OXY) rose slightly in after-hours trading Tuesday.

Berkshire (BRKA)(BRKA) has gradually boosted its stake in Occidental this year, including buying sprees of more than $300 million in March and earlier in May.

Earlier this month, Buffett dismissed rumors that Berkshire would take full control of Occidental. "We're not going to buy control," the 92-year-old billionaire said at Berkshire's annual shareholder meeting in Omaha, Neb., on May 6. "We will not be making any offer for control of Occidental, but we love the shares we have."

-Mike Murphy

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.


(END) Dow Jones Newswires

May 31, 2023 08:20 ET (12:20 GMT)

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