Hints and tips:
...Jefferies has named Richard Fisher as a senior adviser. He has previously held roles including president and CEO of the Federal Reserve Bank of Dallas....
...(Another pending $53bn deal by Chevron for Hess gives the supermajor shale assets in the vast Bakken oilfield of North Dakota.)...
...Questions have also been raised about Chevron’s planned $53bn acquisition of Hess — its biggest ever — bringing with it a stake in the biggest oil discovery in recent years off the coast of Guyana....
...“These megadeals tend to come in sets,” said Pete Bowden, global head of energy banking at Jefferies....
...US oil company Hess recently announced a partnership with the Guyanese government to spend $750mn on carbon credits within 10 years....
...Here’s Christopher Wood of Jefferies, author of the excellent Greed and Fear newsletter, to take a step back. Oil now looks set to re-test the 2016 low of US$27.1/bbl ......
...Nevertheless, the larger exploration and production companies including EOG Resources, Hess, Pioneer Natural Resources and Marathon Oil have been saying that their “2017 plans are more or less set at this...
...Mike Betts, analyst at Jefferies, estimates that, outside China, capacity utilisation barely reaches 70 per cent....
...Beat Hess, vice-chairman, is expected to be appointed his successor at the annual shareholders meeting....
...The laggards in the sector included Nabors Industries, down 1 per cent to $25.94, Hess, off 1 per cent to $97.90, and Cimarex Energy down 1 per cent to $135.51....
...operators that have put fields up for sale include Royal Dutch Shell; Noble Energy, which has mandated Scotia Waterous to sell UK assets valued at $400m; and GDF Suez, the French utility, which has hired Jefferies...
...Hess Corporpation gained 4.6 per cent to $50.41 and ExxonMobil added 2.5 per cent to $61.12....
...The jump was part of a broader advance for energy stocks that saw Amerada Hess put on 4.3 per cent to $139.31 after JP Morgan’s Jennifer Rowland upgraded the stock and raised the sector’s earnings target...
...Arthur Hogan, chief US market analyst at Jefferies, attributed the move to an "irrational" concern that those companies' profits would decline in tandem with the oil price....
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