Morgan Stanley Archives - Page 3 of 3

Morgan Stanley beats estimates on better-than-expected Wall Street and wealth management results

January 20, 2021

CNBC Morgan Stanley on Wednesday posted fourth-quarter profit and revenue that exceeded analysts’ expectations on strong trading, investment banking and wealth management results. The firm reported a 51% increase in profit to $3.39 billion, or $1.81 per share. When excluding $189 million in integration costs tied to last year’s E-Trade acquisition, profit was $1.92 per share, compared with the $1.27

China hires Morgan Stanley, Goldman Sachs to advise on pipeline asset transfers: sources

July 8, 2020

Reuters HONG KONG/BEIJING – Top Chinese energy firms have mandated investment banks Morgan Stanley and Goldman Sachs to act as advisers for multi-billion dollar deals transferring oil and gas pipeline assets into a national energy infrastructure giant, four sources said. Overseen by a government vice premier, underlining the project’s importance for Beijing, Beijing aims to complete the asset transfers and

Ex-Citigroup CEO Sandy Weill calls Morgan Stanley and Charles Schwab ‘very good buys’

June 12, 2020

CNBC Sandy Weill, the former Citigroup CEO and chairman who helped create the megabank model in the 1990s, said Friday that Morgan Stanley and Charles Schwab were “really very good buys.” Bank stocks have been hammered this week, giving back recent gains tied to the reopening of the U.S. economy, in part because the Federal Reserve said it would keep its benchmark rate near zero through

Morgan Stanley flags risk oil price rally will lead to a fall

June 8, 2020

Reuters Oil prices have quickly climbed to levels that raise the risk of price falls as demand is fragile, Morgan Stanley said on Monday, as benchmark crude hit its highest in three months. Oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end of July and as China’s crude imports hit

Morgan Stanley is planning to bring traders back to New York headquarters next month, sources say

May 29, 2020

CNBC Morgan Stanley is planning to kick off the return of trading personnel to its New York headquarters in mid to late June, according to people with knowledge of the situation. The firm expects that, at least at first, only a small number of traders and workers in other departments will make use of the option, said the people, who

Morgan Stanley not given advisory role on Aramco pipeline sale: sources

May 28, 2020

Reuters LONDON/DUBAI – Morgan Stanley (MS.N) has not been given an advisory role on the potential sale of a stake in Saudi Aramco’s pipeline business, a deal worth over $10 billion, two sources told Reuters. The U.S. investment bank, which has previously advised the world’s largest oil company, was originally looking to be part of the advisory group on any

Morgan Stanley sees tighter oil market, raises Brent forecast

May 27, 2020

Reuters Morgan Stanley on Tuesday raised its year-end Brent price forecast to $40 per barrel, citing a faster-than-expected balance in global oil demand and supply as countries ease coronavirus restrictions and major producers cut supply. “We expect demand to rebound to about 97 million barrels per day (bpd) by Q4 as economies come out of lockdown – a significant

Russia May Be Testing U.S. Gas Nerve with Europe Push: Citi

UPDATE: Venture Global Announces Final Investment Decision for Calcasieu Pass LNG

August 20, 2019

UPDATE: Venture Global Announces Final Investment Decision and Financial Close for Calcasieu Pass LNG… Username or E-mail Password Remember Me Forgot Password

Venture Global LNG Raises $675 Million - Oil & Gas 360

Venture Global Closes on Project Financing for Calcasieu Pass LNG

August 19, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Proceeds from Venture Global’s debt and equity financing will fully fund the construction and commissioning of its Calcasieu Pass LNG facility Venture Global LNG Inc., headquartered in Arlington, Virginia, has closed on the project financing for its Calcasieu Pass LNG facility and associated TransCameron pipeline in Cameron Parish, Louisiana. The proceeds

Brazos Midstream Holdings Sold for $1.75 Billion

April 9, 2018

Fort Worth-based Brazos Midstream Holdings, LLC and its financial sponsor, Old Ironsides Energy, have entered into a definitive agreement to sell its Delaware Basin subsidiary companies to North Haven Infrastructure Partners II (NHIP II) and related funds for approximately $1.75 billion in cash. Closing is expected in the second quarter of 2018. Brazos’s Delaware Basin assets are located in Reeves,

Colorado Oil: Adams County Commissioners Vote to Put in a Temporary Moratorium on Oil & Gas Permit Applications- Oil & Gas 360

Oil Prices? Bearish for Now, but the Bulls are Coming

November 11, 2014

MS Executive Director Jeremy Friesen Sees Prices Unsustainably Low, As Both Demand And Supply Will Move At These Levels At the November meeting of the Energy Finance Discussion Group in Denver on Nov. 11, Jeremy Friesen, Commodity Strategist for Morgan Stanley’s Commodity Trading Group, gave a presentation that looked at global economic trends and movements of oil supply and demand.

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