Hints and tips:
...Plus if you really miss Brian Cox et al, you can slowly flick through the archive photographs while humming a haunting piano theme....
...The announcement follows the decision in October by Opec+ to cut production by 2mn b/d, a move the US likened to siding with Russia and its invasion of Ukraine....
...The company has plans to open more than 120 stores, about half of which will be in North America. Investors will find out more with a trading update on Wednesday....
...Opec is restoring some of the production it cut last year to prop up prices, with about 2m b/d of extra oil due to be added by the end of the year....
...Kevin Birn, chief analyst for the Canadian oil market at consultancy IHS Markit, reckons that oil sands production will at best rise another 650,000 b/d by 2030, if projects are optimised and planned expansions...
...Artem Abramov, head of shale research at Rystad, said production would remain between 11.5m b/d and 12m b/d at $40 a barrel. S&P Global Platts forecasts a decline to 10m b/d by mid-2021....
...As many as 55 E&P companies would go bust this year, it predicted....
...Production is around 1m b/d, according to analysts. Nearby refineries, rail cars and pipelines other than DAPL can just about handle this volume....
...The easing of production restrictions has released some pent-up demand so, as long as you ignore all the stuff that’s happening in the rest of the world, it is a supportive data point for the V-shaped thesis...
...With projects progressing well, we think an oil price of ~USD50/b is enough for the company to raise dividends again. Aker BP is our only Buy rating....
...There’s not much precedent to support the idea that Shina et al can walk away based on a MAC clause: WPP was forced against its will to buy Tempus in 2001, Guy Hands couldn’t scrap a bid for East Surrey...
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...The outsourced production model gives considerable ‘plug and play’ potential and limits fixed-cost downside leverage....
...Tullow’s production will be almost a third lower than forecast as recently as the start of this year, averaging just 70,000 barrels of oil equivalent a day from 2020, down from closer to 100,000 b/d previously...
...In deep value territory: Stocks are trading at 30-year absolute P/B lows and near relative 2008/09 lows (43). HEI and SGO screen as particularly cheap....
...(v) Restructuring continues. Of course it does. But what about that Tesla, eh?...
...Wednesday’s development in the NMC vs Muddy Waters et al saga saw Krupa Global Investments, a Czech activist fund, say apropos of nothing that it holds positions equivalent to just over 0.4 per cent of the...
...Many have close ties to Syrian president Bashar al-Assad....
...Al Jazeera television commented that the drone strikes showed a “new level of sophistication” for the Houthis....
...The progress through the year will also be erratic, as it will be contingent on the interconnected “3 P’s” of the pandemic, psychology and policy....
...The Iranian and Iraqi oil ministers said the actual impact on the market could be lower, with their estimates ranging from under 700,000 to 800,000 b/d of production with non-Opec countries....
...A sample of the 50 largest E&P companies in aggregate generated free cash flow, for the first time since 2011, as shown in this chart....
...Other "growth stories" have also come under pressure recently, most notably Tesla, as the electric carmaker has hit production hiccups....
...However Paul Sheldon of S&P Global Platts suggested there could be just 200,000 b/d of Iranian crude exports at risk by the fourth quarter of this year....
...P&G challenged that outcome. The final tally showed Mr Peltz lost by a few seats, but the company granted him his board seat anyway....
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