Hints and tips:
...There could be more to come for investors in E&Ps too. alan.livsey@ft.com...
...Here we explain why we think there may be more to come for investors in US E&Ps....
...(In the UK at least: we may be due to get a sharp demonstration that fundamentals don’t matter very much in the US next year.)...
...EOG traded 4 per cent lower after market hours late on Thursday after it predicted another sharp rise in wellhead costs in 2023....
...PS We’re launching a new newsletter on April 17: One Must-Read. The newsletter will bring readers the most exceptional story from the FT each weekday. Sign up by clicking here....
...PS: do get in touch if you know more about the circumstances of his departure: due.diligence@ft.com Job moves Centerview Partners has named veteran investment bankers Tony Kim and Eric Tokat as its first...
...PS....
...Gas producers in particular, hit hard by a collapse in prices, are planning a sharp pullback in drilling as the year progresses....
...It also punctures some long-held myths about US attitudes to immigration and includes some sharp, though implicit, lessons for our times....
...Several years ago, drillers might have swallowed the sharp rise in costs and drilled ahead as they aimed for lofty supply growth targets....
...The renewed determination of the Socialist party (PS) government to pursue fiscal prudence comes after years of steady progress in reducing public debt were interrupted by the pandemic....
...PS I watched so much Danish TV in lockdown that I decided to learn the language. Sadly, watching Borgen reminds me that I still need those English subtitles....
...Outside China, there have been sharp increases in trust in domestic brands at foreign brands’ expense. Add that to the list of things to worry a Davos-going globalist....
...Justin PS join the FT on May 18-19 at Moral Money Summit Europe 2022 where investors, corporates and policymakers will come together to take the pulse of ESG and unlock its potential. Register here....
...Elon Musk’s far-larger deal to buy Twitter for $44bn runs in sharp contrast to the KKR deal that has long been hailed as the seminal leveraged buyout....
...“The cut in energy supplies from Russia would result in a sharp drop in consumer and business confidence, which, combined with Europe’s trade linkages — both within its borders and globally — would likely...
...Roll-ups of these high-growth private companies by public E&Ps focused on fiscal discipline is certainly one way to address that concern.”...
...(PS — If you’re really keen for a deeper dive into soy sauce tariffs, the BBC has obliged)....
...In England’s Screaming (PS Publishing, RRP£25), Sean Hogan sets out to forge links between the plots of several different British horror movies from the 1960s to the present day....
...We retain our preference for Aker BP – our only Overweight within E&Ps: With sharp cuts to capex and dividend, Aker BP has potential to generate very strong FCF even with Brent at $45/bbl....
...The recent CEO transition could offer an interesting mid-term opportunity for the equity story, though we believe it may be too premature to play amid the sharp deterioration in the earnings profile....
...The industry has responded with sharp capex cuts that will have implications from 2021....
...E&Ps sit at the sharp end of oil beta and enjoy stronger balance sheets having effectively harvested cash in recent years, shielding them more effectively from downside price risk....
...There’s an argument to say yesterday’s decade-sharp moves left stocks oversold -- because there always is!...
...He attributes the faster-than-planned reduction of the deficit to a sharp fall in the interest Portugal pays on its debt....
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