Hints and tips:
...Power Points Berkshire Hathaway’s energy unit scrapped a deal to buy Dominion Energy’s Questar Pipelines, the companies said on Monday, citing uncertainty associated with regulatory approvals....
...The yield on the 10-year US Treasury, which moves inverse to its price, was up 8.2 basis points at an eight-week high of 2.317 per cent....
...An essential starting point for co-operation is mutually guaranteed principles for cross-border access and investment protections....
...Then you could buy Cnooc, which has upstream potential, if it spends on capex....
...LyondellBasell, Third Point added, had “a management team that is focused on being the lowest-cost commodity petrochemical producer and a clear strategy that is driven by upstream profit maximisation.”...
...Third Point, his $14bn hedge fund, has disclosed that Dow is its largest position by dollar value, and made its case by open letter: Click above for the full letter, but by way of preamble: In April 1999...
...Third Point attacked Dow’s strategy of attempting to move downstream into more speciality chemicals at a time when the US upstream industry was becoming one of the world’s most competitive, thanks to the...
...According to regulatory filings Third Point had a 0.77 per cent stake in Murphy Oil at the end of June, now worth $90m....
...The Seaboard deal was similar in scale to its $653m acquisition of SPM Flow Control in 2007, which originally established Weir as a large supplier to upstream oil companies in North America looking to exploit...
...The company declined to comment on where the additional disposals would come from but confirmed they would be primarily from its upstream, or exploration and production, business....
...As a result the FTSE 100 upstream company’s interest in the West Cape Three Points offshore licence, one of two within the Jubilee field, will increase by 3.5 per cent to 26.4 per cent....
...Oil companies accounted for nearly two-thirds of the FTSE 100’s gain, pushing the index up 24.96 points, or 0.4 per cent, to 5,770.28....
...In central Asia, South Korea has been obtaining stakes in upstream projects in return for building infrastructure projects....
...As Exane BNP Paribas analysts point out, synergies from the existing structure risk being obliterated....
...Inflection points usually portend volatility. That is amplified by the general panic gripping the markets....
...The FTSE Eurofirst 300 index touched a high of 1,242.9 but closed up just 0.58 points, or 0.1 per cent, at 1,238.7. Analysts saw rosy prospects for future growth....
International Edition