tanker industry and the shipping rates are sharply up [$77,000/day for supertankers/VLCCs]. Attractive are ASC, TNK . Just days after Barron’s negative story on Hawaiian Electric [ HE ], Florida’s NextEra Energy [ NEE ] offered to buy
emerging-markets via the US-listed oil/gas services and tanker holding company Teekay [ TK ; owns/controls TGP, TOO, TNK , TIL.no ]. Pg M9, Yields : The Fed is ending QE and wants to raise rates next year. But the geopolitical issues [Europe
and thus will not make or break BP’s ability to grow cash flows and shareholder distributions in the coming years. Whereas TNK -BP (the company ' s former joint venture in Russia) paid BP at least $1.4 billion in annual cash dividends during 2008
LONDON/MOSCOW, June 10 (Reuters) - A vehicle to reinvest nearly $14 billion earned by two Russian billionaires from their stake in TNK -BP will be headed by Jonathan Muir, who as the oil venture's...
compliance spending. Finally, BP outlined its reasons for investing $1 billion in Rosneft's IPO. This share purchase increases BP's rapport with Rosneft, paving the way for additional energy partnerships between Rosneft and TNK -BP.
generating operating cash flow of $30 billion to $31 billion in 2014 if oil is $100 per barrel (2011: $22.5 billion including TNK -BP). This is largely to be driven by the start-up of multiple new projects as well as rebounding volumes from legacy fields
this is possible is supported by other Russian players such as TNK -BP, which have proved returns can be world-class without ..... pretty sure Hess' Russian oilfields aren't nearly as good as TNK -BP's, but it still seems possible that Samara-Nafta
news that the company will soon begin an $8 billion share repurchase program with the proceeds it just received from divesting TNK -BP. This is roughly $3 billion more than we were expecting from management's previous commentary on the subject. We sense
MOSCOW (Reuters) - Russian crude producer TNK -BP , which is being taken over by state oil company Rosneft , posted a 13 percent drop in 2012 net income on Thursday due to higher taxes.
billion-$31 billion in 2014 (2012: $18.5 billion excluding TNK -BP); indeed, we agree such cash flows are likely to occur ..... Rosneft will net generate lower profits than what it received from TNK -BP). Even so, we think it's pretty reasonable that BP