Hints and tips:
...UK housebuilding activity shrank for the 11th consecutive month as high borrowing costs hit demand, according to new S&P Global PMI data....
...Pioneer, considered the premier player in the asset-rich Permian Basin, will more than double Exxon’s output from the oilfield....
...Essentially, to juice its P&L in the short term, SVB ambled into 2023 almost completely unhedged — in effect, a massive multibillion-dollar bet that interest rates were approaching their peak....
...expressed regret over a $950mn acquisition of meal kits start-up Freshly the same year, which will soon merge with Kettle Cuisine, a premium food manufacturer owned by LVMH-backed private equity group L...
...Biden officials said there was nothing stopping drillers from drilling. Both agreed on another guilty party: Wall Street....
...Jason Kenney, Alberta’s premier, says Russia’s invasion of Ukraine has triggered a new anxiety about energy security that offers “perverse vindication” for the province and its controversial oil sands sector...
...(Tamami Shimizuishi) French citizens demand more from climate change bill It was dubbed L'Affaire du Siècle, the case of the century....
...The S&P 500 index was up 0.6 per cent and the Nasdaq Composite had risen 1 per cent by the close on Wall Street after weekly data showed the pace of new applications for US unemployment aid slowed by more...
...L’économie en procède, n’oublions jamais que l’économie est une science morale. Mais quand tout explose, votre P&L il explose avec, c’est ce qu’on est en train de vivre....
...The famed stockpicker (we’re of course talking about Buffett here) had his worst performance in a decade versus the S&P 500 in 2019 and this year is shaping up to be just as bad....
...The contrast is with rival London-listed explorers, such as Cairn, Premier Oil, and Tullow Oil. Investors questioned the viability of their product in the long term....
...Valeura Energy, a Toronto-listed natural gas producer, joined the LSE in April to fund drilling in Turkey, while New York-listed Kosmos Energy is a sizeable offshore oil producer that floated in London in...
...With top-line beat flowing through the P&L, core op. profit was +8% vs cons and core EPS +12%. ¾ of the EBIT beat seems inventory related. Q: What were the most noteworthy areas in the results?...
...K&L Gates has added David Owen as counsel to its asset management and investment funds practice. Owen joins from Allianz Global Investors....
...Corporate earnings reports out today include Thai Beverage and L’Occitane....
...Analysts at Arden Partners said in August they regarded Faroe as “a relatively low-risk way of playing the E&P sector, but with a production growth profile . . . and results from the ongoing drilling campaign...
...Gang violence is threatening to derail Mexico’s first-ever auction of shale drilling rights....
...Electric vehicles, a backlash against plastics and the rise of alternative fuels all threaten to cap oil demand, L&G argues....
...That would value MS Energy — a leading provider of directional drilling services, a term used to describe drilling at certain angles — at about $215m....
...Stingier shareholders there means US E&P companies raised only $6bn in equity this year, four-fifths below last year....
...Intraday In the US, the S&P 500 is set to open 0.1 per cent lower....
...The shale drilling boom catapulted the US into the top tier of oil and gas producers in the past decade....
...But while customers can go three-and-half years with no interest billed, Virgin Money’s P&L does not have to....
...just functionally, not just P&L, not just technical”....
...For any more junior exploration and production (E&P) players, however, the capital tap is in effect turned off. They just can’t get enough money to get drilling....
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