He wrote this article which touches on the comments made by Howard Marks at the conference
on oil investments and social media stocks.
Marks touches
on oil investments and social - media stocks at the London Value Investor Conference
The Fund is back roughly to breakeven
on its oil investments over the past 3 - 4 years, and continues to own a portfolio of stocks that will benefit from a rising oil price.
«Funds that suffered losses
on their oil investments have to get out of their liquid securities in other sectors,» said Sam Ginzburg, head of trading at First New York Securities in New York.
Not exact matches
Andurand, who runs
oil hedge fund Andurand Capital Management LLP, wrote in a string of tweets
on Sunday that companies may be less willing to risk
investment in long term
oil projects because of low crude barrel prices and a predicted peak in electric vehicle demand.
CALGARY, Alberta, May 2 - Suncor Energy Inc said
on Wednesday that its current growth plan is not constrained by pipeline bottlenecks and it does not expect to make any further major
investments in Canada's
oil sands until market access improves.
What Oliver should have done was backtrack
on Harper's pledge to balance the budget, recognizing that the collapse of
oil prices would cause private
investment to disintegrate.
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.
In this exclusive conversation, Kelly, a regular panelist
on CNBC's «Fast Money,» also shares his views
on the U.S. dollar, currency wars,
oil, his
investment approach and much more.
As well as its decision
on upstream
oil and gas, the World Bank Group said
on Tuesday that it would, among other things, report the greenhouse gas emissions arising from
investment projects it finances in «key emissions - producing sectors» from 2018.
The fossil fuel divestment campaign began
on university campuses in 2011 but the new report reveals that concerns over
investments in coal,
oil and gas have now entered the financial mainstream, with more than 80 % of the funds now committed to divest being managed by commercial
investment and pension funds.
When the news broke late
on Wednesday in Moscow, Russian and western media trumpeted it as the energy deal of the year: Glencore (glncy), the world's biggest commodities house, and the Qatar
Investment Authority had agreed to buy a 19.5 % stake in Rosneft, Russia's national
oil champion, for 10.5 billion euros ($ 11.1 billion).
While the global water industry is diversified and, in terms of committed capital, ranks
on par with the
oil, gas and electricity industries, it's attracted little private
investment.
Also, notwithstanding a silly fiscal policy and the ongoing political impasse, the U.S. economy has some very good things going for it now, as even king of doom, Nouriel Roubini, couldn't help but note: the Fed is going to stick to its asset - buying regime for the foreseeable future, providing a monetary protein shake the recovery still very much needs; the housing rebound is well
on its way, which is helping Americans rebuild their wealth and is boosting employment in many states with high jobless rates; and the shale
oil and gas revolution continues to power
investment, job creation and revenue growth.
She was the first female engineer to work
on offshore
oil rigs in the UK — an environment that she's said was less sexist than her next workplace in the
investment banking industry.
The funds, with more than $ 4 billion under management, can still make money
on its drillco
investment even after
oil prices slipped below $ 45 per barrel this month
on oversupply concerns.
(At an estimated worth of $ 1.31 billion, amassed through his many
investments in gold,
oil and other sectors, he comes in at No. 40
on this year's Rich 100 ranking.)
Shares in Perth - based
oil and gas company Range Resources gained nearly 20 per cent
on the ASX after it announced it had attracted the backing of Hong Kong - based institutional
investment group Abraham.
VistaVu's decision to move closer to the decision - makers located in the Texas
oil capital offers some valuable insights
on how to establish a profile and grow your presence in a dense business hub like Houston, which is for the
oil industry what Manhattan is for the
investment banking sector.
At a time when tech analysts tended to be exuberant bulls while bankers were more skeptical, «Ruth was the
oil in the machinery» that helped the team agree
on which transactions to back, says Joe Perella, then head of Morgan Stanley's
investment banking.
The depressed prices mean lower prices for refiners and less pump pain for North American drivers, but it's hardly good news for Canada's
oil industry, which spent billions
on oilsands projects after world crude prices had risen high enough to justify the
investment.
TransCanada still needs to make a final
investment decision
on the project, and the
oil market is dramatically different than it was a decade ago when the project was initially drawn up.
The NOCs are being approached by lawyers and
investment bankers not just from Calgary but from Houston and Melbourne too, seeking patient capital for long - timeline projects while equity prices for energy companies have been steadily sinking
on stock markets despite the high price of
oil.
Neither cut was a particular surprise: Buffett had previously said he erred in buying Conoco at a peak price for
oil (though now, of course, the commodity's rising price is putting a different cast
on the
investment) and he had publicly protested Kraft's 2010 purchase of Cadbury, which he thought not in the interests of Kraft's shareholders.
Speaking at the Sohn
Investment Conference in New York, the closely - watched DoubleLine Capital LP chief executive officer recommended a trade of shorting, or betting against, Facebook while betting
on gains in an exchange - traded fund that tracks
oil and gas explorers and producers who could benefit from rising inflation.
This partly reflects the fall back in the U.S. dollar
on the back of rate hike delays, which has allowed commodity prices, notably
oil, to rebound,» said Shane Oliver, head of
Investment Strategy and chief economist at AMP Capital.
March 27 - Reliance Industries Ltd said
on Tuesday its unit would sell some of its shale assets in the United States to privately held Sundance Energy Inc for $ 100 million, as the Indian
oil - to - telecom conglomerate moves closer to exit U.S. shale
investments.
Failure of prices to recover raises the prospect of even deeper cuts to
investment by
oil and gas companies next year and would likely result in Canada's economy remaining
on a slower growth path than the 2.2 per cent pace we are expecting.»
Gundlach said in mid-December
on CNBC's «Halftime Report» that his best
investment idea for 2018 is commodities, such as
oil and metals.
At the Sohn
Investment Conference in New York this week, billionaire investor Jeffrey Gundlach said investors should consider a trade that includes betting
on gains in an exchange - traded fund that tracks
oil and gas explorers and producers who could benefit from rising inflation.
Preeya Malik is a licensed attorney, entrepreneur and expert
on investment immigration, with an interest in trade reform and the large fiscal surpluses in
oil - exporting economies, which has expanded the firm's reach to large portfolio of investor contacts in the Middle East and India.
DoubleLine CEO Jeffrey Gundlach said Wednesday
on CNBC's «Halftime Report» that his best
investment idea for the new year is commodities, such as
oil and gold.
He liked the long - term view — notably, the eventual upside of the company's Asian and oilsands
investment, and its overall integrated nature, and even its long - term bet
on conventional heavy
oil.
OIL junior First Australian Resources NL, which has focused
on searching for
oil in Texas and Louisiana, has turned to the Internet with a US$ 3 million
investment in electronic technology.
CALGARY, Alberta, May 2 (Reuters)- Suncor Energy Inc said
on Wednesday that its current growth plan is not constrained by pipeline bottlenecks and it does not expect to make any further major
investments in Canada's
oil sands until market access improves.
And we omitted real - estate -
investment trusts,
oil - and - gas explorers, holding companies, financial institutions, closed - end funds, and foreign entities,
on the grounds that including such anomalous structures scrambles data into an apples - and - oranges mà ‰ lange.
The sale would come as the offshore sector continues to struggle with low
oil prices, and
oil exploration and production companies focus
investments on lower cost shale fields onshore, particularly the Permian Basin in West Texas.
Investment banks, however, remain bearish
on oil.
Supermajor
oil companies are living a new reality that is based
on new profits in a forever - low
oil price environment — and globally, analysts say, the
oil sector is a great
investment.
«In recent quarters, weaker foreign demand has dampened business
investment, and low
oil prices have weighed
on energy - related
investment, both of which have typically led to slower PDFP growth.
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!
When we see huge dump trucks
on TV in the
oil sands we tend to think about all the
investment and employment
oil sands production is creating.
Beyond the actual gas project and LNG sales, China's state - run shipping conglomerate COSCO has also secured a 50 percent stake in the four LNG shipping carriers serving Yamal.90 Chinese engineers and workers have been deployed to the Yamal Peninsula to help construct surrounding infrastructure, which includes a Chinese - produced polar drilling rig.91 Moreover, a Chinese
oil and gas rig producer now provides Russia with about 60 percent of its imported
oil rig supplies, indicating that China is becoming a dominant player in this sphere.92 Chinese media recently hailed Yamal as an example of China's construction and engineering prowess and a symbol of its transformation into an Arctic player.93 In return for China stepping into support the project, senior officials from Novatek, the main shareholder of the project, announced that the first LNG shipment would symbolically go to China.94 But a British subsidiary of Malaysia's Petronas purchased the first shipment of Yamal LNG and sold it to France's Engie, which then shipped the cargo to its Boston import facility for American use.95 Western sanctions
on Novatek, Russia's largest independent national gas producer and a company with close ties to the Kremlin, made Yamal's pivot to China possible, as sanctions forced Russia to find an alternative source of
investment and technology.
Their article Energy Return
on Investment of Canadian
Oil Sands Extraction from 2009 to 2015 has just been published in the international journal Energies.
«There is a considerable negative impact
on global growth from the energy sector due to the sharp decline in
investments, mainly in the
oil and gas sector as well as lower output values.»
KUALA LUMPUR (Reuters)- Saudi
oil giant Aramco will buy an equity stake in Malaysian firm Petronas» major refining and petrochemical project, the companies said
on Tuesday, pumping in $ 7 billion in its biggest downstream
investment outside the kingdom.
Recent data
on oil rig activity and the capital expenditure plans of
oil and gas firms suggest that
investment in the sector has begun to increase this year.
The PQ's multimillion - dollar
investments include cash for a new cement plant in the Gaspe region and an
oil - exploration project
on Quebec's remote Anticosti Island.
The
investment bank argues that the backwardation exhibited in the Brent futures market — a situation in which near term
oil contracts trade at a premium to futures dated further out — is a clear sign that the market is
on its way to rebalancing.
The second cyclical factor that has had a major impact
on our exports and business
investment is the protracted recovery of the US economy — the slowest in the postwar period.10 When
oil and other commodity prices rose in the years before the 2014
oil price shock, so did our dollar, making our non-commodity exports to the United States less competitive and reinforcing the ongoing shift from manufacturing to services.