Sentences with phrase «lower commodity price environment»

At the current price of $ 5.56, we believe the market has overly discounted the effects of the lower commodity price environment, giving us an opportunity to buy Glencore at a compelling discount to our estimate of intrinsic value.

It «underlines the group's confidence that it can keep improving cash flows even in the current lower commodity price environment,» Morgan Stanley analyst Menno Sanderse wrote in a report today.

Not exact matches

Despite the more difficult global environment, with lower commodity prices and domestic power shortages, economic growth in 2015 was close to 4 percent, slightly higher than expected.