In today’s briefing:
- US Banks & Economy – HFD Mortgage Data Shows Weekly Improvements, Credit Growth Improving in US
- # 47 India Insight: Swan Energy Stake Sell, L&T Realty Collaboration, Coal India Face Penalties
- AUCTUS ON FRIDAY – 16/08/2024
US Banks & Economy – HFD Mortgage Data Shows Weekly Improvements, Credit Growth Improving in US
- High frequency data in the US for mortgage loan applications and mortgage loan volume is improving, not suggestive of recession
- Total domestic credit growth in the US is accelerating in recent months, and this can continue given the HFD on mortgages
- Credit metrics can remain a concern, especially in CRE and card lending, despite the improved delta in mortgage lending and total lending
# 47 India Insight: Swan Energy Stake Sell, L&T Realty Collaboration, Coal India Face Penalties
- Swan Energy to Sell Stake in FSRU to Turkey’s Botas for $400 Million
- L&T Realty and Valor Estate Collaborate on INR 8,500 Crore Project in Mumbai’s Bandra West
- Coal India to Face Penalties for Non-Supply of E-Auctioned Coal in Landmark Decision
AUCTUS ON FRIDAY – 16/08/2024
- Criterium Energy (CEQ CN)C; Target price C$0.35 per share: New drilling expected to start in September – A drilling rig is scheduled to be mobilized to site in August.
- The two-well infill program, targeting a previously undrilled section of the MGH Field, is anticipated to commence in early September with the wells expected to come on production in early November at a forecasted combined rate of 300 bbl/d.
- While this is a bit later than we anticipated, we continue to forecast that Criterium will exit 2024 with ~1,250 boe/d production.
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