US News Oil: "On the stock market, the valuations of the companies of the sector now correspond to the price of the barrel!"
European companies worried about China's new course
Beijing. The leadership in Beijing relies slightly new rules in the private sector. The ranging, but also the rapid advancing foreclosure of the second largest economy will provide great worries. Are the golden years over? © Huang Jingwen The Chinese President Xi Jinping has launched a large regulatory campaign. European companies see the new economic class of Chinese leadership with great concern.
Publicized oil companies have filled their discount and are no longer undervalued, judges our Chronicler Alain Corbani, Manager at Finance SA. Many oil and gas companies prefer to use their benefits to repay their debt, redeem their actions and pay dividends rather than investing in the development of new deposits, says the expert.
Since the beginning of the year, the price of the barrel of oil has appreciated by 50% and the price of natural gas in the United States has doubled. Over the same period, oil companies represented by the S & P Oiil & Gas Exploration and Production index appreciated by 65%. Cherry on the cake, three of the ten values of the best performed this year are oil companies (Devon Energy up 131%, MARATHON OIL up 105% and Diamondback Energy up 95%). While the whole world focused on the environmental theme in order to reduce GHGs, Wall Street has not had a state of mind. Investors have identified the oil and gas sector as a sector in the reversal phase and have harvested the fruits.
Reeperbahn Festival 2021: About the Future of Independent Labels
What about independent record companies in 2021? An inventory of the Reeperbahn Festival. © Provided by www.musikexpress.de Reeperbahn Festival What about independent record companies in 2021? An inventory of the Reeperbahn Festival. When it comes to the Reeperbahn Festival 2021 "Michel Lambot meets Oke divine" - so the title of one of the valleys - promises to become exciting.
However, despite an increase in the demand forand oil, oil companies are reluctant to increase their production. The latest US (US Energy Information Administration) statistics demonstrate that second quarter production 2021 remains below the equivalent quarters of the last four years. And this trend should not be reversed as soon as many and gas prefer to use their profits to repay their debt, buy back their actions and pay dividends rather than investing in the development of new deposits.
The past decade of growth (dilutive) at all costs is far too recent for these actors to advent again all the more than balance sheets still significantly indebted. On the other hand, regulators and shareholders put pressure on oil groups (Exxon Mobil, Chevron Corp. for example) to reduce their carbon footprint by diversifying and investing in cleaner renewable energies such as wind and The solar with still fuzzy profitables. It is for all these reasons that it is reasonable to think that the rise in the price of oil, if it is led to continue, will have a more modest impact on the results of the companies than in the past.
What awaits the economy of a new government
in the German economy is excited, but also something uncertainly looked at the formation of government: how long do the negotiations that alliance come about which course does this pursue in central questions? © Patrick Pleul / DPA Central Image / DPA A key role especially for energy-intensive companies plays the expansion of the eco flow from renewable energies. The wish list of associations is long.
comparator in terms of valuation, the GAP has been largely filled. At six times the multiples of cash flows (a traditional degree of rate assessment gauge of a stock market, NDLR), oil companies are no longer undervalued. IDEM with regard to book value or multiple turnover (other usual valuation gauges, NDLR). Their gross operating margins have returned to their historical average. A 1.45% yield on dividends, this industry offers a return barely higher than that of S & P 500, which is 1.35%.
DWS investment chief: currently only two dangers for US technology .
Stefan Kreuzkamp, investment chief of DWS, is not surprising about the reaction of the market participants to the current situation, but he believes that the many warnings are currently over-overly. Especially for the US technology, Kreuzkamp shows up confident. © Provil by Finanzen.net Daniel Roland / AFP / Getty Images • "Summer Thunder" remains out - Markets were robust • topics such as inflation, monetary policy, delivery bottlenecks etc.