LNG, Oil & Gas, M&A Market Intelligence Specialist

Massimo Bellino

Thematic (Sector/Industry)

<h2>New oil cycle impact on M&amp;A</h2>
Since falling to the 12-year minimum of $28 per barrel in January 2016, the Brent crude oil price has climbed by 186% to reach trading levels close to $80 per barrel at the end of June. With the OECD oil inventories already slipping below the five-year averages, the global oil glut that triggered the decline of oil prices in 2014 has effectively been eliminated. As we enter a new oil cycle, the higher oil price volatility and the uncertainty about the direction of the…

New oil cycle impact on M&amp;A
Since falling to the 12-year minimum of $28 per barrel in January 2016, the Brent crude oil price has climbed by 186% to reach trading levels close to $80 per barrel at the end of June. With the OECD oil inventories already slipping below the five-year averages, the global oil glut that triggered the decline of oil prices in 2014 has effectively been eliminated. As we enter a new oil cycle, the higher oil price volatility and the uncertainty about the direction of the…

Three Emerging Industry Trends in Oil & Gas That Could Drive Growth in M&A After Slow Down in 2Q18

Founder & CEO. Oil markets macro-analysis., Vanda Insights

Vandana Hari

Founder & CEO. Oil markets macro-analysis.

Vanda Insights

Vanda Insights is a Singapore-based boutique provider of intelligence on the global energy markets, launched in September 2016. The venture was born out of a desire to extract the signal from the noise in the complex and often volatile oil markets. Our succinct and clear macro analysis is relied upon by thousands of readers globally, including those doing business directly or indirectly in the physical commodity and derivatives markets; wealth managers; governments, regulatory bodies and think-tanks; as well as trade organizations and educational institutions.

Global Energy Markets

Commodities

Crude futures were firming early Thursday in Asia after closing weaker on Wednesday — WTI more so than Brent — in response to a surprising and substantial across-the-board rise in US oil stocks reported by the Energy Information Administration. Latest developments on Venezuelan crude exports and US sanctions against Iran have again brought fears of supply tightness back centre-stage.Venezuela’s PDVSA is considering declaring force majeure on some crude exports owing to a sharp decline in…

Crude futures were firming early Thursday in Asia after closing weaker on Wednesday — WTI more so than Brent — in response to a surprising and substantial across-the-board rise in US oil stocks reported by the Energy Information Administration. Latest developments on Venezuelan crude exports and US sanctions against Iran have again brought fears of supply tightness back centre-stage.Venezuela’s PDVSA is considering declaring force majeure on some crude exports owing to a sharp decline in…

Crude Becomes Bipolar Amid Suspense over OPEC/Non-OPEC Supply Plans

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

The MSCI ACWI and S&amp;P 500 have both achieved a higher high relative to mid-April prices, which we see as a potential early indication of a bullish trend change. Combine this with improving market internals and we are becoming incrementally more bullish. For the MSCI ACWI, one of the more concerning breadth indicators has been the percentage of stocks above their 200-day moving average. This indicator recently hit a higher high (see below, left), a positive development that confirms the market’s recent advance. In today's report we highlight opportunities within global Energy and Technology companies, two of our overweights.

The MSCI ACWI and S&amp;P 500 have both achieved a higher high relative to mid-April prices, which we see as a potential early indication of a bullish trend change. Combine this with improving market internals and we are becoming incrementally more bullish. For the MSCI ACWI, one of the more concerning breadth indicators has been the percentage of stocks above their 200-day moving average. This indicator recently hit a higher high (see below, left), a positive development that confirms the market’s recent advance. In today's report we highlight opportunities within global Energy and Technology companies, two of our overweights. 

Global Energy Shares Breaking Out; Technology Remains Attractive

The recent successful test of support at the 200-day moving average has paved the way for a meaningful bounce higher on the S&amp;P 500. Given this bounce, we have become incrementally more bullish. In today’s report we highlight the bullish implications of the recent move higher for the broad market as well as attractive and actionable groups within the Energy Sector: EN-02 Oil &amp; Gas, Global, Large-Cap, EN-08 Oil and Gas E&amp;P, Domestic, Large-Cap, and EN-10 Oil and Gas E&amp;P, Domestic Small-Cap.

The recent successful test of support at the 200-day moving average has paved the way for a meaningful bounce higher on the S&amp;P 500. Given this bounce, we have become incrementally more bullish. In today’s report we highlight the bullish implications of the recent move higher for the broad market as well as attractive and actionable groups within the Energy Sector: EN-02 Oil &amp; Gas, Global, Large-Cap, EN-08 Oil and Gas E&amp;P, Domestic, Large-Cap, and EN-10 Oil and Gas E&amp;P, Domestic Small-Cap.

U.S. Equity Strategy: Opportunities in Energy Stocks

We believe the secular mobile payments theme has room to run, and we expect related stocks to continue outperforming... see pages 2-4 for actionable stocks. We reiterate our overweight metals and mining.. see pages 5 and 9-12 for actionable stocks. Though lagging across many global markets, Utilities are particularly attractive in Europe and Japan... see pages 6 and 13-17 for actionable stocks.

We believe the secular mobile payments theme has room to run, and we expect related stocks to continue outperforming... see pages 2-4 for actionable stocks. We reiterate our overweight metals and mining.. see pages 5 and 9-12 for actionable stocks. Though lagging across many global markets, Utilities are particularly attractive in Europe and Japan... see pages 6 and 13-17 for actionable stocks.

Global Strategy: Opportunities Within Mobile Payments, Metals & Mining, and Utilities

Italy

Eni SpA explores for and produces hydrocarbons in Italy, Africa, the North Sea, the Gulf of Mexico, Kazakhstan, and Australia. The Company both produces natural gas and imports it for sale in Italy and elsewhere in Europe. Eni transports natural gas in pipelines. The Company generates and trades electricity, refines oil, and operates gasoline service stations.

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Eni SpA (ENI IM)

Three Emerging Industry Trends in Oil & Gas That Could Drive Growth in M&A After Slow Down in 2Q18

New oil cycle impact on M&A Since falling to the 12-year minimum of $28 per barrel in January 2016, the Brent crude oil price has climbed by...

Massimo Bellino

Crude Becomes Bipolar Amid Suspense over OPEC/Non-OPEC Supply Plans

Crude futures were firming early Thursday in Asia after closing weaker on Wednesday — WTI more so than Brent — in response to a surprising and...

Vandana Hari

Global Energy Shares Breaking Out; Technology Remains Attractive

The MSCI ACWI and S&P 500 have both achieved a higher high relative to mid-April prices, which we see as a potential early indication of a...

Vermilion Research

U.S. Equity Strategy: Opportunities in Energy Stocks

The recent successful test of support at the 200-day moving average has paved the way for a meaningful bounce higher on the S&P 500. Given this...

Vermilion Research

Global Strategy: Opportunities Within Mobile Payments, Metals & Mining, and Utilities

We believe the secular mobile payments theme has room to run, and we expect related stocks to continue outperforming... see pages 2-4 for...

Vermilion Research

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