The European Union’s (EU) recent decision to support phasing-out palm oil in biofuels, coupled with other developments in the palm oil industry, could lead to an increase in the commodity’s global stock level, pushing prices downward and putting pressure on producers. The United States Department of Agriculture (USDA) expects global, ending stock levels for palm oil in 2018 to increase [Read more…] about Potential Surplus in Palm Oil Could Create Acquisition Opportunities
The following assessment provides (1) an overview of oil and gas reserves in the Philippines; (2) a thesis for investing in the upstream, Philippine oil and gas industry; (3) an overview of the four oil and gas companies listed on the Philippine Stock Exchange (PSE); and (4) a relative valuation of these companies. This analysis does not consider global factors associated with the upstream oil and gas sector, such as the price of oil.
Rio Tinto might abandon its interests in the Grasberg copper and gold mine in West Papua, Indonesia, underscoring the uncertain Indonesian political environment in which mining companies must navigate. Rio Tinto has a joint-venture interest in the mine with PT [Read more…] about Grasberg Decision Unlikely To Impact Greatly Rio Tinto