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...He added: “If you’re growing at the pace that we are, then the P&L does manifest itself in cash requirements.” Sales at Interpath’s advisory business climbed to £26.9mn, up from £2.8mn a year earlier....
...EQT’s deal for Equitrans follows a flurry of pipeline deals in the past year, including Oneok’s $19bn acquisition of Magellan Midstream Partners and Energy Transfer’s $7.1bn purchase of Crestwood Equity...
...The latest deal was the $18.8bn sale of pipeline company Magellan Midstream Partners to rival Oneok this week....
...But by hitching the company to Oneok, a fellow Oklahoma-based pipeline company that primarily ships natural gas and natural gas liquids, it would create a “more powerful growth engine” with more room to...
...US pipeline giant Oneok is set to buy Magellan Midstream Partners for $18.8bn, creating one of the biggest oil and gas infrastructure companies in North America as consolidation in the hydrocarbon business...
...US pipeline companies are the bass players in oil industry rock bands: steady plodders for the most part rather than starry shredders such as ExxonMobil and Chevron....
...(Alphaville believes that using L’Oréal as an O is cheating, even if it makes your acronym look nicer.)...
...As such the buyout does not look too shabby at 20 times this year’s operating profit on S&P Capital IQ estimates. But with more effort management might be able to double these earnings....
...Respondents reported the strongest increase in new orders since May last year, citing “a turnaround in sales pipelines and greater new business inquiries linked to the improving economic outlook and more...
...But what’s most entertaining is that the government goes ahead and shows the professor’s ongoing work calculating Alameda’s historical balances with FTX — basically the firm’s net P&L — from last year:...
...Goldman estimates that the median short interest in S&P 500 companies is still remarkably low at 1.7 per cent, but is up from 1.5 per cent at the end of 2021....
...The writer is chief strategist global gas at S&P Global Commodity Insights Will Europe go back to Russian gas? The EU has vowed to give up once and for all its “addiction” to Russian gas, but will it?...
...S&P noted in a March 5 note that the company had just $44mn left of cash on hand and it expected Equinox “to be unable to generate sufficient cash flow over the next year to cover fixed charges” if it were...
...The S&P Global/Cips UK construction purchasing managers’ index, a measure of the health of the industry, rose to 49.7 in February from 48.8 in January....
...In fact, within exploration and production companies only EQT has declined, partly because the market did not like its $35bn acquisition of pipeline network Equitrans....
...Russian LNG and what remains of Russian pipeline gas only accounted for 13 per cent of the bloc’s overall supplies last year, down from 40 per cent in 2021, according to S&P Global Commodity Insights....
...Gas pipeline giant Oneok in May announced an $18.8bn deal to buy oil-focused Magellan Midstream Partners, though the takeover has faced some pushback from big shareholders....
...The crunchy acronym was coined by Goldman Sachs for pharma companies GSK and Roche, Dutch chip company ASML, Switzerland’s Nestlé and Novartis, Danish drugmaker Novo Nordisk, France’s L’Oréal and LVMH, the...
...Free cash flow, however, reconciles those book accounting accruals of the P&L ledger to capture the real flows of actual dollars coming in and out....
...Oil-focused pipeline group Magellan Midstream Partners has explicitly pointed to gas’s “more powerful growth engine” as it pursues a sale to the gas-heavy Oneok....
...It “bodes well” for gas consumption, said Colin Gruending, an executive vice-president at pipeline group Enbridge. “Intermittent renewables is not going to cut it.”...
...Bosses of companies on the S&P 500 index were paid three times more in the same year, earning on average $16.7mn (£13.6mn at the time), according to labour union federation AFL-CIO....
...Thanks for reading — Justin A big pipeline deal Oneok’s mega-deal to buy rival pipeline builder Magellan Midstream for $19bn went down like a lead balloon with the company’s investors....
...Meanwhile Open AI, the Microsoft-backed start-up that has become one of the fastest-growing companies in history, is looking to secure its own pipeline of semiconductors to lower its costs and reduce its...
...Since 1990, missing the 30 best days of the S&P 500 cuts your compound returns in half....
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