Hints and tips:
...The successful stabilisation of oil prices following the Biden administration’s actions has reinforced both domestic disinflationary pressures and international support for a tough sanctions regime....
...“That will probably include ramping up of Venezuelan oil and natural gas production and exports, re-inclusion of Venezuelan bonds in major emerging market indices, debt settlement negotiations and eventual...
...persistent decline in Russia oil supply is closely related to the probability of a major domestic civil conflict (e.g. involving other domestic opponents to the war) or a major military conflict (e.g. with...
...Shares in Cac-listed cyclical stocks including chipmaker STMicroelectronics, carmaker Stellantis and oil and gas group TotalEnergies have all climbed sharply in recent months....
...Lex thinks the E, S and G of the ESG grouping is made up of categories that do not belong together....
...“People do get surprised when they see certain stocks [such as oil and gas] in a portfolio that’s an ESG best-in-class . . . and that’s why as a consumer regulator looking after people we have to make sure...
...Broker Berenberg said the share valuation will depend on how quickly L&G can achieve its total target for operating profit of between £600mn and £700mn by 2025....
...However, recent falls in oil and gas prices may be helpful for the UK in reducing the cost of the energy price guarantee. Sushil Wadhwani: No comment....
...In November 2020, MSCI downgraded P&G’s ESG rating to A from AA. Peltz started on the company’s board in 2018....
...Some of them look frankly absurd — Gazprom, say, with 40 per cent growth, a 17 per cent dividend in the year ahead, and a P/E of 3 (the dividend may turn out to be even higher than that, if oil prices stay...
...This month, he raised more than $20mn from libertarian tech investor Peter Thiel and others for an anti-ESG investment group, declaring that it would happily invest in the oil and gas stocks that big asset...
...Not many managers are ready to do this — though some are beginning to ask their clients what they want (L&G and Aviva are ahead of the game)....
...the “G” factor....
...Harvest and shrink oil and gas, decarbonise and transition Oil & gas production is to decline 42% by 2030, via disposals and depletion: from 2.6mboed to 2mboed by 2025 and to 1.5mboed by 2030....
...Derek Brower (ES): The Trump administration spent almost four years trashing rules designed to protect the environment, from loosening controls on oil and gas companies’ methane pollution, to allowing mercury...
...Bakkavor and more potential for revenue synergies from recent M&A (e.g....
...Given that retail flows have been closely correlated to the group's forward P/E multiple, we are raising our target prices for DWS, JUP, AMUN, SDR & SLA by an average 8% and we u/g Jupiter to Buy....
...“L&G offers a 6.3% 2020E dividend yield, 1.2% above the sector average. Pre-2016 L&G's yield averaged 0.4% above the sector.”...
...P/E relatives are at levels from which the sector historically has outperformed 80% of the time. CPI-linked utilities (e.g....
...A merger between Pharos and Transglobe would create an Egypt oil-focused E&P with >£100m market cap and >20Mboe/d oil-weighted production....
...Dixons Carphone currently trades at c.6x CY21E P/E. In non-results sellside the only thing standing out is Gulf Keystone Petroleum. It’s rated a new “buy” at Berenberg, as is Energean Oil & Gas....
...Big — or at least bigger — oil is set to have its day in US shale, however. Conditions suggest that E&P M&A will loom large in the early 2020s....
...Is Oil’s loss … At 20% of revenue, the group’s O&G exposure is a known concern....
...Finally, we reduce our our E&P valuation by c30% in our SOTP approach (lower gas prices), and benchmarking its PE multiple with now what is a premium to Centrica’s historical PE (2019a)....
...Amex, HSBC), retail (e.g. Tesco) and travel (e.g. booking.com, Airbnb)....
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