Sentences with phrase «prices of oil companies»

It's no longer confined to campuses; city governments and religious denominations have begun to unload their stakes in oil companies, and the movement is even spreading to self - interested investors now that HSBC has calculated that taking climate change seriously could cut share prices of oil companies by up to 60 percent.

When the pair studied the share prices of oil companies and alternative - energy technology companies, and estimated the rate of change of future investment, they found that investors do not expect the replacement of oil - based fuels with renewables for another 131 years.

Natural - gas prices have crashed, the price of oil the companies also transport has declined and the outlook for growth in the pipeline industry has dimmed.

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.

The much - anticipated international listing of Saudi Aramco — the world's largest oil company — is likely to be delayed until 2019, but that decision makes sense given that oil prices are expected to head to $ 80 per barrel, a private equity investor said.

Continental posted net income of $ 233.9 million, or 63 cents per share, compared with $ 469,000, or less than a penny per share, in the year - ago quarter, when oil prices plummeted - and the company's production costs were higher.

In the face of low crude oil prices, the company focused on natural gas, which had stronger rates.

Wednesday: Boeing & Biogen Boeing: In the past, this company has been deemed a loser on suspicions that airlines won't upgrade their fleets for fuel efficient planes now that the price of oil is so low.

Nearly as surprising was the willingness of Russia and private oil companies in North America to carry on at prices that were understood to be well below their break - even points.

When the company auctions that oilfield drill, for example, the goal is for its pricing model to forecast demand in the near future based on different factors, such as the price of oil, leaving Ritchie Bros. less vulnerable to market surprises.

The decreases are largely the result of the oil glut and all - time lows for crude prices — last year, mining, oil producers, and metal companies lost a combined $ 70 billion on $ 1.3 trillion in revenue.

«The business model of an oil and gas company in the future is going to have to be built around the abundance model, where your returns are not going to be made by commodity price increases,» says Munro.

When oil prices last took a precipitous dive in 2009, David Yager was CEO of a medium - size oilfield services company.

Oil companies have slashed spending, scrapped new projects, slashed tens of thousands of jobs, renegotiated supply contracts and increased borrowing in order to weather the more than halving of oil prices since June 20Oil companies have slashed spending, scrapped new projects, slashed tens of thousands of jobs, renegotiated supply contracts and increased borrowing in order to weather the more than halving of oil prices since June 20oil prices since June 2014.

Phil Davidson sees the company's prospects rising with those prices, so much so that if oil has a very long rally, «we will probably be out of the stock,» selling to take profits.

Fuelled by a tripling of oil prices during the last five years, Gulf Arab acquisitions of foreign companies have surged.

Oil companies are tightening their belts for a period of low prices.

The companies that extract oil and control access to reserves are the ones whose fortunes most closely track the price of oil.

Downstream companies make money on the difference between the price of crude and the price of the refined petroleum extracted from it (a difference known as the «crack spread»), while midstreaming is a volume business (ship more oil, earn more money).

The oil price collapse has made a number of companies more attractive.

So, while low oil prices will make this a trying quarter for the entire energy industry, companies with a more balanced portfolio of assets should fare better than the pure - plays.

The share price of the Netherlands - based construction company, which specializes in the oil and gas industry, was halved in 2014.

The company said in February that it planned to buy back up to $ 5 billion of stock over 2018 - 2020 to share the benefits of higher oil prices with investors.

The collapse of oil prices wiped out profits and killed the incentive to expand in the oil patch, and economic growth of less than 2 % offers little incentive for non-energy companies to expand.

Chief Executive Bob Dudley is in line for a $ 19.6 million compensation package for 2015, a year in which shrinking profit margins triggered by sharp falls in the price of oil led to more than 5,000 job losses at the oil and gas company.

Susan Hirsch, portfolio manager of the TIAA - CREF Large - Cap Growth fund, prefers to get her exposure to the energy industry via a company that's less sensitive to the ups and downs in oil prices.

As crude prices began to plunge last year, many energy experts predicted a repeat of 1986 when U.S. oil companies lost their funding and the industry collapsed into a yearslong bust.

The Company expects to realize between 88 and 92 percent of NYMEX pricing on all its Delaware Basin 2018 and 2019 projected oil volumes.

The Company recently executed a firm, long - term sales agreement beginning in June 2018 that provides takeaway capacity for the majority of its 2018 and 2019 Delaware basin oil production and diversifies price exposure towards a Brent - based index.

That would give the company an even more dominant position in the pits north of Fort McMurray, which even some Calgary financiers consider a sunset industry in light of low oil prices and international pressure to reduce carbon dioxide emissions.

«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.

That's a sharp decline in two quarters, in large part attributable to the drop in oil prices, the effects of which are still working their way through company balance sheets.

That's left a lot of junk bond fund managers with plenty of exposure to the energy sector at a time when oil prices have crashed and defaults, particularly among fracking companies, are rising.

The letter also argues that the chiefs of some of the biggest companies involved in Alberta's oil sands industry have publicly come out in favor of such stricter carbon pricing.

Irwin Michael, founder and president of Toronto's ABC Funds, says that energy companies are «very cheap» and not reflecting the still high price of oil.

That year, drillers packed into the Permian basin in western Texas, where the cost of producing oil is low but the price tag on land — and the companies who own it — has skyrocketed.

The oil price recovery to more than $ US60 a barrel appears to be accelerating one of the biggest corporate shuffles ever by a Western Australian company, with Seven Group getting ready to consolidate ownership of the oilfields of South Australia.

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.

The sell - off originated in the energy sector, as oil prices plummeted and oil and gas companies struggled to pay of their debts.

During the oilsands boom, Canada's biggest energy company spent money as if oil prices would always be north of $ 100.

But he said the company delayed because of the «oil crash,» when falling oil prices caused the stock markets to briefly tumble.

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.»

A glimmer of good news: by the final quarter of 2016, oil prices were beginning to rebound, pushing the company's average realized crude selling price up 4.9 %, to $ 45.97 a barrel.

It's even what the oil companies want, for heaven's sake: Sustainable Prosperity, an Ottawa - based think - tank, recently surveyed 10 major energy companies, including Shell and Suncor, and found all of them were already incorporating a «shadow carbon price» into their decision - making, under the assumption they will contend with such regimes in the near future.

The company has also had to take big losses related to write - downs of the value of its oil and gas assets, to reflect the lower prices these energy commodities are garnering on the open market.

Some of these companies won't surprise you: There are several energy firms on the list of the Fortune 500's biggest losers, reflecting the enormous decline in oil prices that occurred in the second half of last year.

«I can see a scenario where oil prices get super-bullish again if companies overcut,» he says on a recent morning, sitting in his conference room on the 38th floor of an office tower at the bottom tip of Manhattan.

But the defense contractor experienced a double whammy in 2014 between falling oil prices (triggering cutbacks on energy projects) and the substantial withdrawal of U.S. troops from Iraq, reducing the need for the company's services there.

The vow came as the Calgary - based company blamed clogged export pipelines for its worst heavy oil price discounts in five years during the first three months of 2018, contributing to a higher - than - expected $ 914 - million net loss in the first quarter.

Terex's crane sales declined 7.5 % in 2014, falling most steeply in the latter half of the year — when oil prices were collapsing — and coming in below the company's own forecasts.