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Lisa Detanna Hosts Barron’s in Education Interactive Session at UCLA School of Business
April 7, 2021 GMT
BEVERLY HILLS, Calif. (BUSINESS WIRE) Apr 7, 2021
Lisa Detanna, Managing Director - Senior Vice President, Investments of Raymond James located at 9595 Wilshire Blvd., Beverly Hills CA is working with Barron’s in Education to celebrate women’s history month. Lisa will be hosting an interactive session with Barron’s in Education and the UCLA School of Business students discussing “Common Myths of Investing.”
The Barron’s in Education program provides educational opportunities by connecting real-world business events & analysis to textbook theory, fostering professional growth by exposing students to a wide range of careers in global business, and share knowledge from the world’s top financial professionals. UCLA School of Business is now just one of many schools in t
U.S. E&Ps Reining in Capex, while International Operators Spending More
U.S. oil and gas producers are likely to reduce their capital spending this year by around 8% as they remain “extremely disciplined, yes, really,” based on a global survey by Raymond James & Associates Inc.
Analysts Pavel Molchanov, John Freeman and Graham Price compiled the 2021 projections in the firm’s eighth annual capital expenditure (capex) survey. The 50 publicly traded global exploration and production (E&P) companies sampled provide context about the overall health of the industry and ultimately, the outlook for medium-term oil and gas supply.
Capex plans have been on a roller coaster for the past few years. This year appears to be no different, analysts said.
Mixed Reaction from Natural Gas, Oil Industry as $2T Biden Infrastructure Plan Targets Decarbonization, Taxes
President Biden’s $2.25 trillion American Jobs Plan has generated mixed reactions from the fossil energy industry, as Biden is asking Congress to raise corporate taxes in order to accelerate the clean energy transition.
The jobs and infrastructure package underscores the “whole-of-government” approach Biden is taking toward climate and energy policy, a shift from previous administrations.
Natural gas and oil industry groups praised the plan’s objectives, such as the expansion of incentives for capturing and storing carbon dioxide (CO2), but said the administration should be clearer about how hydrocarbons fit into Biden’s “Build Back Better” mandate for infrastructure and the economy.
With Strong Demand and Choppy Supply, Outlook Brightens for NGL Prices, Raymond James Says
Natural gas liquids (NGLs), a byproduct of oil and gas production, could benefit from global demand and supply disruptions in 2021, paving a path for rising prices as the year wears on, analysts at Raymond James & Associates Inc. said in a new forecast.
“We still think U.S. NGLs have a pretty bullish set-up, similar to U.S. natural gas,” the Raymond James team said. “We continue to believe the relative U.S. NGL supply headwinds and demand strength in 2021-plus are under-appreciated by the market.”
The analysts forecasted U.S. composite NGL average prices for 2021 of $0.67/gallon (about $28/bbl) and $0.64 for 2022 ($27/bbl). They noted that this reflects nearly 10% upside to the recent U.S. composite barrel NGL strip price average for 2021-22 of just over $0.60/gallon ($25/bbl).