Sentences with phrase «oil assets at»

In the period around both the 2006 and 2011 elections, mining magnate Gertler secured mining and oil assets at prices that were often well below market value, before later striking lucrative deals for those assets with the likes of London - listed giant commodities trader Glencore.

Not exact matches

Investors who were underweight on the Canadian market because of negative outlooks on the Canadian dollar, oil and other commodities are returning, says Lesley Marks, senior vice-president and chief investment officer, Fundamental Canadian Equities, at BMO Asset Management.

Among the biggest issues oil - and - gas - exploration companies face in the search for new sources of hydrocarbons is putting humans or high - value assets at risk.

«Particularly with oil prices hitting lows at some point in the first quarter... lots of sub investment - grade firms could be under a lot of stress, and for those with stronger balance sheets, those companies could take this as an opportunity to buy and acquire assets,» Deshpande said in a phone interview.

LONDON, March 27 - Global oil traders Vitol and Glencore are in talks to financially back Nigerian firms racing to buy assets owned by Brazil's Petrobras valued at up to $ 2 billion, several sources familiar with the matter said.

They show the Fed has at times taken a tough line with banks in the sector, and may darken the outlook for Goldman Sachs and Morgan Stanley, both of which still own physical commodity trading assets such as warehouses, pipelines and oil storage tanks.

The oil major currently trades at a fraction of its net asset value, thanks mostly to the black eye it took from the massive oil spill in the Gulf of Mexico last year.

Scoring a major asset at a time when oil prices had hit major lows has transformed Perth - based junior Kalrez Energy NL from a gold explorer to an oil and gas producer.

Veteran U.S. investor Jim Rogers is looking at possible investments into Russian oil firm Bashneft and diamond miner Alrosa as he aims to add more Russian assets to his portfolio, he told Reuters.

Funding its ballooning deficit, which can't be plugged with asset sales and debt issuance alone, and improving its economic situation are partly why Saudi Arabia, the largest producer in the OPEC oil cartel, disagreed to any cut in production at the December OPEC meeting, and more recently has been discounting the price of oil to its customers.

On the heels of its acquisition of BG Group at a time when everyone else is offloading assets in these days of dismal oil prices, Royal Dutch Shell is banking optimistically on $ 50 oil to make this work, and hoping that a much leaner BG will do the trick.

thanks, and yes, a pittance of a pension and regular checkups keep us on budget and head off any problems — best decision i ever made (financial or otherwise) was serving our country doing search - and - rescue, oil and chemical spill remediation, etc. (you can guess the branch of service)-- along the way, frugal living, along with dollar - cost averaging, asset allocation, and diversification allowed us to retire early — Vanguard has been very good over the years, despite the Dot Bomb, 2002, and the recession (where we actually came out better with a modest but bargain retirement home purchase)... it's not easy building additional «legs» on a retirement platform, but now that we're here, cash, real estate, investments and insurance products, along with a small pension all help to avoid any real dependence on social security (we won't even need it at full retirement age)-- however, like nearly everybody, we're headed for Medicare in several years, albeit with a nice supplemental and pharmacy benefits — but our main concern is staying fit, active, and healthy!

The market should not be overly enthusiastic over today's oil price surge on reports that OPEC has managed to reach some kind of a deal to reduce supply, David Hunt, chief executive at asset manager PGIM, said in an interview with Bloomberg Television on Wednesday.

As Nobel economist (and one of my dissertation advisors at Stanford) Joe Stiglitz noted on Friday, a good part of the reason for rising oil prices is because the producers are already awash in U.S. assets, and to supply significantly more oil will just force them to accumulate more low - return assets.

That, in a nutshell, is why people want to get into oil stocks and why many portfolios have at least one oil - based asset.

However, Asian interest in developing investment ties with Canada is not limited to China: Companies from Japan, Korea, Malaysia and Thailand have invested capital in Canadian oil and gas assets, and other Asia - based companies are looking at investment opportunities.

Hayden Briscoe, Head of Fixed Income, Asia Pacific, at UBS Asset Management, said in a report just before the Chinese futures launched that «We believe that in the long term this will change how oil is traded globally, create a petro - yuan currency flow, increase the role of the RMB [renminbi — Ed.]

«There are pockets of areas that are getting stronger and weaker — certainly there is less demand in the oil patch — but overall I have not seen any market change in the amount of deal flow over the course of 2014 or 2015,» reports Michael W. Scolaro, managing director and group head of Asset Based Lending at BMO Harris Bank.

But Albert Brenner, director of asset allocation strategy at People's United Wealth Management in Connecticut, expects it to hit 2 percent or more this year, depending on oil prices.

At the same time, a falling Canadian dollar, combined with low oil prices means that US assets increase in value if priced in CAD.

The fall in oil prices that culminated in big declines for stocks, emerging market assets and high yield bonds at the beginning of this year is the most recent manifestation of this linkage.

At issue is whether Lehman's crisis was merely a temporary «liquidity problem,» that time would have cleaned up much like BP's oil spill in the Gulf; or, did the firm suffer a more deep - seated «balance sheet problem» (negative equity), as Federal Reserve Chairman Ben Bernanke claims — a junk balance sheet, composed of assets that not only had no buyers at the time, but had no visible likelihood of recovering their market price even after the $ 13 trillion the Treasury and Federal Reserve have spent to bail out Wall StreeAt issue is whether Lehman's crisis was merely a temporary «liquidity problem,» that time would have cleaned up much like BP's oil spill in the Gulf; or, did the firm suffer a more deep - seated «balance sheet problem» (negative equity), as Federal Reserve Chairman Ben Bernanke claims — a junk balance sheet, composed of assets that not only had no buyers at the time, but had no visible likelihood of recovering their market price even after the $ 13 trillion the Treasury and Federal Reserve have spent to bail out Wall Streeat the time, but had no visible likelihood of recovering their market price even after the $ 13 trillion the Treasury and Federal Reserve have spent to bail out Wall Street.

The sovereign wealth funds of oil - producing nations are liquidating non-energy assets or at least not buying them.

They combined the oil and gas business with Baker Hughes at the bottom of an oil cycle in an asset - light way.

That's several years» worth of bull market gains — but oil at $ 50 would still leave many reserve owners with a stranded asset.

«16 Within months the United States did use its «own people,» known as Unilaterally Controlled Latino Assets, to blow up an oil pipeline at Puerto Sandino and oil storage tanks at the Nicaraguan port of Corinto.

In his presentation, Magu who was a panelist at the Implementation Review Group attended by over 100 delegates, had detailed the Nigerian efforts in asset recovery, including the progress made in the specific cases related to Abacha loot, Malabu Oil, Diezani & Associates and the Arms procurement scandal.

As Willem Buiter, chief economist at Citigroup, has argued: «Water will become eventually the single most important commodity asset class, dwarfing oil, copper, agricultural commodities and precious metals.»

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The fall in oil prices that culminated in big declines for stocks, emerging market assets and high yield bonds at the beginning of this year is the most recent manifestation of this linkage.

From an industry point of view, about 64 % of the fund's assets at the end of October were in financials, 15 % were in oil and gas stocks, and 6 % in telecoms.

The emerging markets asset class was the big loser in all of our portfolios last year, at close to 15 % down, while the high - yield convertible bonds (which were affected by oil) were down 5 %.

In connection with preparing for and conducting the May 22, 2009 meeting of stockholders, one stockholder submitted a request that Aspen include a dissolution proposal to be considered at the same time that the stockholders were being asked to consider the sale of Aspen's oil and gas assets to Venoco, Inc..

But this wasn't some prescient bet on an oil price collapse — despite being one of the few resource stocks deserving of a P / S & P / E multiple at the time, I couldn't ignore the mathematical logic of the long - term discounted value of its proved - up assets in - the - ground vs. its net debt burden (which was actually much lighter then).

Unfortunately, this is offset by a substantial dilution in asset value, with Licence 61/67 reserves reduced to 11.3 M of 1P & 72.2 M of 2P barrels of oil — which we'll value at my usual «in - the - ground» $ 10 & $ 5 per proved & probable boe of reserves:

«(The U.S. and Canadian) economies seem to be chugging along and, outside of the negativity on oil, there really doesn't seem to be any other negative data prints,» said Kevin Headland, director of the portfolio advisory group at Manulife Asset Management.

«We want to make sure we buy long lead - life, low decline - rate assets at attractive valuations, with good balance sheets, in order to survive the short - term and very intense volatility we're seeing in the price of oil,» McKinley said.

No esoteric «human» decision process (no buying of oversized positions compared to other asset holdings (such as KO in the 90's), no shorting of the dollar (early 2000's), no buying of oil stocks at a $ 120 oil price, no backroom «deals» involving bonds and preferreds during times of crisis.

At $ 1 trillion U.S. in assets, Norway's sovereign wealth fund made headlines in November 2017 with the news it would consider selling its oil and gas stocks over time.

The distribution follows the final settlement of the sale of Aspen's California oil and gas assets to Venoco, Inc., at which the parties made a number of immaterial adjustments to the purchase price paid at the June 30, 2009 closing, and made certain other payments that were not determined until after the closing.

The opportunity to avoid double taxation, at the corporate and individual level for other companies, is a huge advantage and many oil & gas conglomerates spin off their infrastructure assets and pay a transaction fee to the partnership for pipeline or storage needs.

As much as the big - picture crowd likes to hammer away at stocks, they do have a soft spot for stocks with tangible assets — like gold miners and oil stocks.

And in fact if you look at what's happened in the next decade, a lot of companies that produced commodities or oil did extremely well and actually offered a great deal of stability, because it's hard asset from the ground.

WASHINGTON, D.C. / / / NEWS ADVISORY / / / Four leading organizations in sustainable investing — As You Sow, Boston Common Asset Management, Green Century Capital Management, and the Investor Environmental Health Network — will hold a phone - based news conference at 1:30 p.m. EST on November 7, 2013 to issue a report scoring 24 top oil & gas companies on their disclosure (or lack thereof) to investors of the key risks associated with hydraulic fracturing operations.

In a joint statement issued ahead of the G20 conference in China this weekend, insurers with more than USD$ 1.2 trillion in assets under management warn that support for the production of coal, oil, and gas is at odds with the nations» commitment to tackle climate change agreed in Paris last December.

The Bank of England has also recognised that a collapse in the value of oil, gas and coal assets as nations tackle global warming is a potential systemic risk to the economy, with London being particularly at risk owing to its huge listings of coal.

Oil Investors at Brink of Losing Trillions of Dollars in Assets.

A growing minority of investors and regulators are probing the possibility that untapped deposits of oil, gas and coal — valued at trillions of dollars globally — could become stranded assets as governments adopt stricter climate change policies.

The Alberta government could see to it that the energy producers refined the stuff into synthetic crude oil on site but this is a high - cost, high - carbon asset already at some risk of becoming «stranded.»

By divesting their assets from fossil fuels, they are reducing the ability for big oil, coal and gas companies to develop new extraction projects, while citizens worldwide are rising to stop these projects in their communities,» said Yossi Cadan, Global Divestment Senior Campaigner at 350.org.