Friday, June 30, 2017

The Market And Energy Page, T+161 -- June 30, 2017

Staggering: the Dow 30 and the S&P 500 is on track for the best first half since 2013. Wow. Put that in your pipe and smoke it. 

US oil companies don't want Keystone XL. The Wall Street Journal.

Oil set to soar. Citi at

Regrets. Poorly timed $20 billion in shale -- BHP Billiton's outgoing chairman.
BHP Billiton Ltd. Chairman Jacques Nasser said the timing of its $20 billion spree into U.S. shale in 2011 was a misstep and that if the miner could turn the clock back it wouldn’t have invested in the assets.
The world’s largest mining company has been been peppered with criticism since April, when restive investor Elliott Management Corp. went public with demands for a independent review of its oil division and castigated management decisions the fund claims have destroyed about $40 billion in value. BHP is considering further sales of its U.S. shale gas assets amid heightened scrutiny of the unit from shareholders.
Most admired: ENI. Wood Mackenzie:
Eni has secured the title of most admired oil and gas explorer in a new report released by Wood Mackenzie. The Italian energy company placed above Anadarko, Kosmos Energy, ExxonMobil, Lundin Petroleum, Tullow Oil, Shell, Statoil, Cairn and BP.

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