Investment Archives - Page 3 of 4

Iran’s Short-Lived Oil and Gas Boom

May 21, 2018

Iran’s energy sector will feel the repercussions of renewed sanctions Iran has the world’s fourth-largest proved crude oil reserves and the world’s second-largest natural gas reserves, but production in the country has been suppressed by international sanctions and underinvestment. Although some sanctions targeting the energy industry were temporarily lifted, and oil production reached ~3.8 MMBOPD in 2017, growth has remained

Private Equity: Delivering Capital Upstream

May 11, 2018

In the context of the total business sector, the global private equity industry raised a record $453 billion from investors in 2017, leaving it with more than $1 trillion to pour into companies and new business ventures, Reuters reported at the beginning of the year. The capital raised in 2017 surpassed the previous landmark of $414 billion set in 2007.

EIG’s FS Energy and Power Fund – at $4.3 Billion – is Largest Energy BDC

April 9, 2018

FS Investments (FS) and EIG Global Energy Partners (EIG) closed a transaction today, allowing EIG to manage FS Energy and Power Fund (FSEP). According to the company’s press release, FSEP will be the largest energy-focused business development company (BDC) in the marketplace with $4.3 billion in assets under management. “We are excited to enter the next phase of our partnership

Tellurian Keeps Sailing

March 22, 2018

Tellurian Inc. (ticker: TELL) wrapped up its first year as a public company, ending 2017 with $128.3 million of cash and cash equivalents. The company remains debt free, but reported a net loss of $231.5 million, or $(1.23) per share as it ramps up permitting and preconstruction phases for its Driftwood LNG plant on the Louisiana Gulf coast. Driftwood is

GeoPark Produced 10.2 MMBOE in 2017, Receives Reserve Report

February 5, 2018

‘For every barrel produced, we replaced it with almost three proven barrels’ – GeoPark CEO James Park EnerCom Dallas presenter GeoPark Limited (ticker: GPRK) recently received an independent appraisal of reserves covering 100% of the company’s assets in Colombia, Chile, Brazil, Peru and Argentina. Following GeoPark’s oil and gas production of 10.2 MMBOE in 2017, the company received certified 2P

Crescent Point Energy Looks to Exit 2018 with 195,000 BOEPD

January 10, 2018

Uinta HZ inventory climbs to 850 net locations Crescent Point Energy Corp. (ticker: CPG) expects to generate annual average production of 183,500 BOEPD and exit production of 195,000 BOEPD in 2018. The increase will be fueled from its $1.8 billion CapEx spending budget for 2018. Crescent Point had a 2017 exit rate of 183,000 BOEPD, which represented year-over-year production growth

Canada Looks to Attract More Chinese Investment by Relaxing Rules

August 22, 2016

Canada hopes to attract greater foreign investment with lower political risk and a skilled workforce Canadian Finance Minister Bill Morneau said that the country is considering relaxing rules on foreign investment in order to attract more capital and spur growth. Morneau indicated that these loosened policies may even include restrictions on the ability of state-owned enterprises to invest in Canada,

Rice Energy Closes $500 Million Funding Deal with EIG Global Energy Partners

February 23, 2016

Rice Energy (ticker: RICE; RiceEnergy.com) has closed a financing agreement with EIG Global Energy Partners (“EIG”; www.EIGpartners.com). EIG has agreed to a $500 million equity investment with Rice: $375 million upfront in exchange for preferred equity and common units in Rice Midstream Holdings (“RMH”) and Rice Midstream GP Holdings, respectively. The investment from EIG will generate increased liquidity to grow

Exploration and Production: Which Companies Shall Investors Not Worry About?

February 4, 2016

Pool of companies in Moody’s lowest credit rating grows; but risk of bankruptcy is minimal for a few standouts Continued pressure from low oil prices has prompted Moody’s Investor Service to put 264 companies in its lowest credit rating, just shy of a record high 291 in April 2009. The growing number of companies included in Moody’s lowest credit rating

Stephens: Invest in OilService Development, Not a Recovery

January 27, 2016

Buy low, sell high is perhaps the most commonly (and overly) used phrase when it comes to investing. Now that commodity prices are near the floor (depending on who you ask), investors are cherry picking stocks in hopes of capitalizing on a down market and its inevitable recovery. It may not come in 2016, but oilservice giants like Schlumberger (ticker:

Alberta Drops 22 Places in Study of Attractive Places to Invest

December 1, 2015

Alberta falls to 38th from 16th in just one year Alberta is becoming a less attractive target for oil and gas investment, according to an annual study conducted by the Fraser Institute. The survey of petroleum executives, which ranks jurisdictions around the world based on how much government policy deters investment in oil and gas, listed Alberta as the 38th

Iran Seeks Partners for 45 Oil & Gas Projects

August 13, 2015

Chairman of Iran’s oil contracts restricting committee Mehdi Hosseini said that Iran has selected 45 oil and gas projects to show international companies at a conference that will be in London in December 14-16. Hosseini said that Iran would present the projects alongside the finished versions of its new oil contracts, reports Bloomberg. “We will define projects in the oil

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