Hints and tips:
...Hedge fund billionaire Bill Ackman was planning to raise $3bn for his Pershing Square Tontine Holdings vehicle. It was already expected to be the largest Spac in history before he upped it to $4bn....
...Corporate earnings reports out today include Tencent, Alibaba Health, Man Wah Holdings, AusNet and CSPC Pharmaceutical....
...Kurdish oil, at least that in the group’s main Taq Taq oilfield, is also running out, almost literally....
...Or you could buy COSL, its sister company, specialising in oilfield services – with 75 per cent of its business coming from Cnooc....
...It also has holdings in three other refineries around the world. Low oil prices have also lifted traders’ working capital....
...The catalyst was a sharp rebound in oil, which also buoyed producers and oilfield services companies....
...This asset-light strategy also allows Noble to focus on trading and not on running mines, sugar mills or oilfields....
...Buyout funds typically own their holdings for about three to five years before selling them on....
...Crucially, groups already holding oil and gas concessions – of which about three-quarters are held by YPF – will be able to renew them automatically....
...co-opted by the state to protect oil facilities and disaffected Berber tribesmen have struck at Libya’s strung-out oil infrastructure, including coastal ports, pipelines in the west of the country and oilfields...
...Since taking over as chief executive in 2002, the 55-year-old South African has driven a transformation of the trading house from employee-owned middleman to publicly listed operator of mines and oilfields...
...Glencore’s industrial businesses – including stakes in Xstrata and other companies, its own mines, oilfields and farmland – suffered from weak global demand....
...months after the FTSE 100 company deepened its involvement in “fracking”, or hydraulic fracturing, of shale formations to extract oil and gas by paying $675m for Texas-based wellhead specialist Seaboard Holdings...
...Oilfield services companies slipped as the Baker Hughes global oil and gas rig count fell for the first time since April....
...It is also the operator of the North Sea’s Brent oilfield, the original source of crude for the benchmark....
...Halliburton, the second biggest oilfield services company in the world, was up 3.2 per cent to $39.38 while the S&P energy index rose 1.6 per cent to 515.12....
...Preceding AmTech (now Gleacher & Co.), Mr Schreiner was co-founder/portfolio manager at MS Capital Management, LLC, a Phoenix-based hedge fund....
...Prior to joining the firm, he held management positions at Texaco, Aquila Energy and Oryx Energy....
...Asian Citrus Holdings, the Chinese orange plantation group, had a similar experience when it took a secondary quote in Hong Kong last month....
...In one of the sector’s biggest takeovers for the past decade, Baker Hughes, the oilfield services provider, also revealed that it was buying rival BJ Services in a $5.5bn cash-and-stock deal....
...After a year in which it suffered the biggest-ever spill at its Alaskan oilfield and then had to shut half of it for “severe corrosion”, one might assume that BP would be carefully tending its image in the...
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