Hints and tips:
...ExxonMobil remains on the hunt for deals even after unveiling its biggest transaction this century, the company said on Friday as it reported profits that fell short of Wall Street expectations....
...But at the many receptions and nightcaps that occur alongside the event, trader chat is more likely to focus on the effects of western sanctions policy, competition for European refining capacity and what...
...In the hunt for new deposits, Petrobras has identified a 2,200km marine tract along Brazil’s northern coast called the Equatorial Margin....
...It also called for special funding models for start-ups compared with established companies....
...As we report today, ExxonMobil, which fired the starting gun on the current M&A race with its $60bn purchase of Pioneer two weeks ago, is still on the hunt for deals, or at least those where “one plus one...
...As Glencore goes on the hunt for more deals — and continues the coal discussions with Teck that would lead to a spin-off of its coal business — the future company could take a very different shape to the...
...The Aramco tie-in brought a country with an OPEC+ oil alliance with Russia into Europe’s refining sector....
...The company has committed to building a new hydrogen production facility in a major refining and petrochemical hub outside Houston, Texas....
...When the Queensland state government sent Anita Parbhakar-Fox to the remote town of Mt Isa in the Australian outback to hunt for cobalt in copper mine waste, the geology professor had high expectations....
...That is because they can’t do so, as its stock price is greatly influenced by daily oil price and profit for oil refining,” he added....
...It’s normal for companies with saturated home markets and weaker revenue tailwinds to hunt for growth by replicating internationally what works at home....
...Eni, which owns 8.33 per cent of PCK, said refining activities had not been affected by the sanctions....
...LG will hunt for investments and partnerships across mining, smelting and refining companies to improve its metal sourcing, Shin added....
...The global trading giant Vitol entered Texas’ Permian basin with a $1bn purchase of privately owned Hunt Oil’s assets....
...Saudi Arabia has held talks about taking a stake in the refining and petrochemicals arm of India’s Reliance Industries....
...Jio’s parent Reliance depends on oil refining and petrochemicals but in recent years it has pushed heavily into the country’s fast-growing technology market....
...A more bearish shift has also taken place in its refining margin estimates, which the company said would be down 30 per cent in the longer term....
...And Peel Hunt’s keen on UDG Healthcare (to which it’s house broker) based on M&A around its main peer: This week Kohlberg & Co acquired a majority stake in the US pharma services company PCI Pharma Services...
...The bigger surprise to us is the lower refining margin assumptions over time....
..., chief executive of the Maryland-based speciality pharmaceuticals company....
...And Peel Hunt: LFL sales increased by 24.8% due to increases in home consumption, new business wins and Eye being fully on-stream....
...Analysts at Peel Hunt forecast adjusted net asset value of 515p at the November 2020 year-end, rising to 540p in full-year 2021....
...The group’s refining operations fell to a $256m loss in the quarter as their margins were crushed by oversupply in world gasoline markets....
...Peel Hunt’s keener. “Buy” from “hold”, £12 target: In our view, JDW is a long-term winner in the sector....
...And Peel Hunt: In keeping with some of the stronger trading updates, such as Primark, Next’s Q2 recovery has proved to be better than feared (by management and the market)....
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