Capital Markets Archives - Page 104 of 126 -

Murphy Oil Corporation announces fourth quarter and full year 2019 results, 2020 guidance

January 30, 2020

Oil and Gas 360 EL DORADO, Ark. Achieved 172% Organic Reserve Replacement Signed Memorandum of Understanding for King’s Quay Floating Production System Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the fourth quarter ended December 31, 2019, including a net loss attributable to Murphy of $72 million, or $0.46 net loss per diluted share. Adjusted

Church of England pension fund shifts $789 million to climate index

January 30, 2020

Reuters LONDON – The Church of England’s pension fund has shifted 600 million pounds ($789 million) into a new equity index that invests in companies deemed to be making progress towards the targets of the Paris climate agreement. The index, created by FTSE Russell, includes oil producers Royal Dutch Shell and Repsol, but not others such as BP, Exxon Mobil

In the game of consolidation, there are predators and there are prey.

January 28, 2020

Oil & Gas 360 Publishers Note: Often I am presented with industry insights, and opinions, that may be helpful to our readers. This particular opinion written by David Ramsden-Wood has some interesting discussion points. So the question isn’t “should you sell” it’s “who should you sell to?” Dear CDEV, It’s Technical Tuesday and you had to know it was coming.

Oil rises 1%, snapping 5-day losing streak

January 28, 2020

CNBC Oil futures rose 1% Tuesday after a five-day losing streak as OPEC sources said the group and its allies might tighten the market amid fears that the coronavirus, which has claimed over 100 lives in China, could weigh on oil demand. Brent crude, which oscillated between positive and negative territory, gained 59 cents, or 1%, to trade at $59.91

The sell-off in oil isn’t ‘entirely comparable’ to what happened with SARS, says CEO

January 28, 2020

CNBC There’s a “bear stampede” in the oil market as a new coronavirus spreads, but that may not be directly comparable to the sell-off in 2003 associated with the outbreak of severe acute respiratory syndrome (SARS), according to an energy analyst. Oil futures slid for a sixth session on Tuesday amid reports of a rising number of cases and casualties. “It is based on

Lilis Energy receives extension on initial borrowing base deficiency payment

January 24, 2020

Oil and Gas 360 FORT WORTH, Texas, Jan. 24, 2020 (GLOBE NEWSWIRE) — Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, today announced that the Company’s bank lending group has agreed to extend from January 24, 2020 to February 7, 2020 the due

Carlyle looking at ‘relatively cheap’ energy assets: Rubenstein

January 23, 2020

Reuters Fears about the future of energy assets have led to a sell-off, but this has created “very good opportunities” for the Carlyle Group, its founder, David Rubenstein, said on Thursday. Rubenstein, co-executive chairman of the private equity (PE) giant, told the Reuters Global Markets Forum that securing bank loans for such deals had become harder, however. Big investors are

Bank of America CEO says clients want to invest in companies ‘doing right by society’

January 21, 2020

CNBC Bank of America CEO Brian Moynihan says money will keeping flowing to environment, social and governance funds (ESG) as more investors send the message that they want to own companies with a mission that aligns profits with broader social goals. “We have $25 billion in ESG funds, and more is going there,” Moynihan said on ” from the World Economic Forum in

Column: Hedge funds sell oil as doubts about economy resurface

January 20, 2020

Reuters LONDON – Hedge funds turned heavy sellers of petroleum last week as the threat of conflict in the Middle East receded and was replaced by renewed concerns about the health of the global economy. Hedge funds and other money managers sold the equivalent of 99 million barrels in the six most important petroleum futures and options contracts in the

Citi explains why there’s an ‘ultimate cap’ on oil prices

January 16, 2020

CNBC The cost of producing electricity from solar energy has in the last two years been lower than that of fossil fuels — and that “permanent change” will limit how high oil prices can climb, according to Citi. That shift is coming at a time when global oil supply is running ahead of demand, which is already weighing down on energy

A sector in disarray’: Oil majors live beyond their means on investor payouts, study finds

January 16, 2020

Houston Chronicle The largest oil and gas companies for years have lived beyond their means and paid more money to investors than they can reasonably afford, according to a new report. The study from the Cleveland-based Institute for Energy Economics and Financial Analysis found that the five largest Big Oil majors — Exxon Mobil, Chevron, Royal Dutch Shell, BP and

Peak Permian oil output is closer than you think, investor says

January 15, 2020

Houston Chronicle Such is the extent of the shakeout in the U.S. shale industry that Permian Basin oil production is closer to peaking than many forecasts suggest, according to one energy investor. Adam Waterous, who runs Waterous Energy Fund, regards the sector’s financial position as unsustainable after years of disappointing returns for investors and negative free cash flow. With capital

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