Skrumble Network 1-Day Trading Volume Hits $6.34 Million (SKM)

Skrumble Network (CURRENCY:SKM) traded 0.8% higher against the US dollar during the 1 day period ending at 20:00 PM Eastern on June 23rd. In the last week, Skrumble Network has traded down 14.6% against the US dollar. One Skrumble Network token can currently be bought for about $0.0259 or 0.00000419 BTC on cryptocurrency exchanges including EtherDelta (ForkDelta), Hotbit, DDEX and Gate.io. Skrumble Network has a market capitalization of $0.00 and approximately $6.34 million worth of Skrumble Network was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed in the last 24 hours:

Get Skrumble Network alerts: XRP (XRP) traded down 6.7% against the dollar and now trades at $0.52 or 0.00008331 BTC. Ripple (XRP) traded up 0.7% against the dollar and now trades at $0.49 or 0.00007993 BTC. Stellar (XLM) traded down 0.4% against the dollar and now trades at $0.20 or 0.00003271 BTC. TRON (TRX) traded up 1.5% against the dollar and now trades at $0.0443 or 0.00000718 BTC. IOTA (MIOTA) traded 3.9% higher against the dollar and now trades at $1.04 or 0.00016824 BTC. Tether (USDT) traded flat against the dollar and now trades at $1.00 or 0.00016218 BTC. NEO (NEO) traded 2.5% higher against the dollar and now trades at $34.31 or 0.00555545 BTC. Binance Coin (BNB) traded down 0.5% against the dollar and now trades at $15.58 or 0.00252288 BTC. VeChain (VET) traded 0.2% higher against the dollar and now trades at $2.80 or 0.00045364 BTC. Ontology (ONT) traded 5.3% lower against the dollar and now trades at $5.09 or 0.00082477 BTC.

Skrumble Network Profile

Skrumble Network’s total supply is 1,500,000,000 tokens. Skrumble Network’s official Twitter account is @skrumblehq and its Facebook page is accessible here.

Skrumble Network Token Trading

Skrumble Network can be bought or sold on these cryptocurrency exchanges: EtherDelta (ForkDelta), IDEX, Gate.io, Hotbit and DDEX. It is usually not presently possible to purchase alternative cryptocurrencies such as Skrumble Network directly using US dollars. Investors seeking to trade Skrumble Network should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Skrumble Network using one of the exchanges listed above.

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Fund Manager Says Oil Is Going Higher Buy Oil Drillers

&l;p&g;&l;img class=&q;dam-image bloomberg size-large wp-image-38585364&q; src=&q;https://specials-images.forbesimg.com/dam/imageserve/38585364/960x0.jpg?fit=scale&q; data-height=&q;640&q; data-width=&q;960&q;&g; The Sedco 714 oil platform, operated by Transocean Ltd., stands in the Port of Cromarty Firth in Cromarty, U.K., on Tuesday, Feb. 16, 2016. Photographer: Matthew Lloyd/Bloomberg

&q;Oil&s;s going higher. We don&s;t have enough. We&s;re in deficit now and the deficit is going to get bigger,&q; said James Brilliant, chief investment officer at mutual fund firm CM Advisors.

Brilliant sounds a little nutty when you get him talking about oil.

&q;Oil is going to $100,&q; he said. &q;The most hated part of the equity market is energy, in particular oil, because everyone thinks we&s;re at peak demand for oil. That we have oil as far as the eye can see, but we don&s;t.&q;

On Friday, June 22, the August Brent crude contract&a;nbsp;climbed 3.4%, to $75.55 a barrel. The contract rose for the week 2.9%. August West Texas Intermediate, the U.S. benchmark, jumped 4.6%, to $68.58 a barrel. It jumped 5.8% for the week to its highest finish in about a month.

Brilliant is the portfolio manager of the CM Advisors Small Cap Value Fund (CMOVX) and the CM Advisors Fixed Income Fund (CMFIX). The Small Cap Value Fund didn&s;t do so well last year, losing 1.4% vs. the Russell 2000 Value Index&s;s 7.8% and the 21.8% in the S&a;amp;P 500. But in 2016, the fund soared 57.22% vs. the 31.7% in the Russell Value and 12% in the S&a;amp;P 500. As of June 21, the Small Cap fund is up 10.9% according to Morningstar. The S&a;amp;P 500 is up 3.8% and the Russell 2000 Value is up 7.6%.

As a fund manager, Brilliant looks for weakness in industries to see if it&s;s a long-term issue or short-term issue. Then he looks at cash flows going forward.

&q;I think oil has been fundamentally misunderstood, both from a macro standpoint as well as the equities themselves,&q; he said.

&l;!--nextpage--&g; Two energy sector small stocks that he likes are Transocean (RIG), the Swiss oil driller, at $12.70 a share, and Britain&s;s Ensco (ESV), at $6.35 a share. He said they&s;re both selling at the low end of their historical valuations, about 30% of book value, &q;because everyone thinks we&s;re never going to need offshore oil.&q; Book value equals the total assets of a company minus intangible assets and liabilities. Brilliant thinks they should get back to book value, basically triple in price.

Most of the investing world looks at the data coming out of the International Energy Agency, or IEA, to see what the supply and demand is for the world&s;s oil. The IEA serves as a major information source on statistics about the international&a;nbsp;oil market and other energy sectors. It was formed after the 1973 oil embargo by the NATO countries, tasked with finding intelligence around the energy markets, so an embargo wouldn&s;t happen again. There are now 30 members.

Brilliant said as the key provider of information around the oil markets, the IEA is pretty accurate when it makes estimate for world supply. However, he said its estimates on demand are another story entirely. Of course, when you have to estimate how much oil 100 countries are going to use per unit of gross domestic product, it&s;s easy to see the difficulty in the making a good guess. Brilliant said it&s;s so difficult, that the agency has underestimated demand over the past decade by a million barrels a day.

He blames that on the huge growth of China and India as they rapidly move from emerging economies to developing economies. Their demand for energy is increasing exponentially.

&q;There&s;s an explosion in demand as income per capita rises,&q; said Brilliant.

He recounts how after China entered the World Trade Organization in 2001 it rapidly increased its economic activity, which increased demand for oil. This demand led to an oil deficit, which pushed the price of oil up to $147 by July 2008. Brilliant says this was one of the less mentioned reasons for the financial crisis. Oil prices fell to $40 by February 2009.

He said China&s;s growth, while unlike the early days, is still strong and India is entering the phase China was entering in 2001.

Brilliant said the IEA says oil demand is going to grow by 1.4 million barrels a day, but as mentioned before, it&s;s been underestimating oil demand by a million barrels a day.

&l;!--nextpage--&g; Brilliant said oil inventories are now below their five-year average, and the IEA expects a deficit of 600,000 barrels a day, or 162 million barrels over the next three quarters. He said the last time oil was 100 million barrels below the five-year average inventory, it was more than $100 a barrel.

&q;The consensus view is we have more oil than we need and oil will remain lower priced for longer,&q; said Brilliant. &q;However, because oil prices have been lower, cash flows have been down, and energy companies have under invested in their capability to produce future oil production by a trillion dollars over last three years.&q;

He said we&s;re going to need everything offshore to satisfy future demand, The opportunity is in offshore drillers that usually sell at 1 to 2 times book value, but are now selling at 30% of book.

&q;The whole industry should benefit, but Transocean and Ensco are well positioned,&q; said Brilliant. &q;In broad terms, the sector in total is down and we think the entire energy sector will become one of the best performing sectors of the next few years.&q;

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Intel Reveals Plan to Enter Discrete GPU Market in 2020

In November 2017, chip giant Intel (NASDAQ:INTC) announced that it intended to enter the market for discrete graphics processing units (GPUs). Intel has long produced graphics processors, but they have been relatively low-performance parts integrated alongside its core central processing unit (CPU) products.

These integrated graphics processors are capable of handling basic tasks like video playback and rendering webpages, but for more complex 3D gaming tasks, the performance of these integrated solutions is simply not adequate. People who want to play 3D games on their computers generally need to buy systems with discrete GPUs.

Image source: NVIDIA.

Over the last several years, the market for high-performance discrete graphics processors has been booming, thanks to the rising popularity of computer gaming and the use of graphics processors for data center processing tasks that were previously handled exclusively by CPUs.

Recently, Intel disclosed to a handful of industry analysts (who then disseminated the information more broadly) that it intends to bring out its first discrete graphics processor products in the year 2020.�

Let's go over what this could mean for Intel's business.

Incremental opportunity

Intel's share of the discrete graphics processor market is 0%, so by entering the market with its own solutions, it should -- assuming that its products are competitive -- be able to grow its market share.

I know that sounds pretty obvious, but the point here is that this market is entirely greenfield for Intel, which could translate into significant long-term growth opportunities.

It's hard to find a good third-party estimate of how big the total discrete GPU opportunity is. Market leader�NVIDIA�(NASDAQ:NVDA)�claims to have "over 90% revenue share" in the markets that it participates in (professional GPU, gaming GPU, and data center GPU). Using NVIDIA's figures, the market was worth around $9 billion (based on NVIDIA's $8.137 billion in GPU revenue during its fiscal 2018).

That market is likely to continue to grow for the foreseeable future.

It's far too early to try to make any predictions around what kind of unit or revenue share of the discrete GPU market Intel could potentially capture, but the point is that this is a market opportunity that looks on track to be worth well over $10 billion by the time Intel ships its first products.

If Intel can, over the long term, capture between 10% and 20% revenue share in this market (admittedly no small feat), then that could add meaningfully to the company's top and bottom lines.

Watching for milestones

Intel isn't likely to come into this market and capture a bunch of market share overnight. The company needs to actually deliver its first discrete GPU products in 2020. Intel is notorious for missing product introduction deadlines (I've lost count of how many Intel products have been delayed or outright canceled since�Brian Krzanich became CEO), so while its current publicly stated plan is to bring its first discrete GPU to market in 2020, I'm going to wait and see if the company actually pulls it off.

Once Intel brings its first discrete GPU to market, that won't be the end of the story; the company will need to ensure that it has a pipeline of compelling discrete GPUs in the works. I suspect that it'll take multiple generations of solid execution before the company can start delivering real share gains and revenue growth from this effort.

At this point, while I'm enticed by the possibilities here -- Intel throwing its considerable research and development and marketing might at the market could yield an interesting outcome -- the reality is that I'm not convinced that Intel isn't just going to tuck tail and exit this market if it hits a stumbling block. That's what happened the last time Intel tried to enter the discrete GPU market, and that's what happened to the company's efforts in high-performance computing accelerators and mobile processors.

Intel hasn't proven that it can stick things out over the long term to achieve the business success that it's after.

On top of that, if Intel ties its GPU products to its own chip manufacturing technology, I worry that the company could very well design great products but simply won't be able to bring them into production because of execution issues in its manufacturing group. My confidence in Intel's efforts here would be substantially higher if the company were planning to rely on more competent third-party chip manufacturers for these chips over the long term or if Intel were to get its chip manufacturing operations back on track.