| | | Halliburton (HAL), Petrobras (PBR), Rowan Companies (RDC), Superior Energy Services, Inc. (SPN)
Things We Learned This Week,
Indian Oil & Gas
Halliburton (HAL)
London O&G Takeaways
9 June 2014 sendspace.com
Petrobras (PBR)
Brazil conference Highlights – Oil regulatory agenda improving
5 June 2014 ¦ 9 pages ir.citi.com
Rowan Companies (RDC)
Worth The Wait
5 June 2014 sendspace.com
Superior Energy Services, Inc. (SPN)
Management Meeting Takeaways
09 June 2014 sendspace.com
Oilfield Services & Equipment
Things We Learned This Week
05 June 2014 sendspace.com
Indian Oil & Gas
Looking Beyond Policy: Other Emerging Themes to Track
7 June 2014 ¦ 10 pages ir.citi.com
Besides key policy initiatives that we believe the new gov’t may consider (viz. gas
& fuel pricing reform, transparent subsidy sharing, incentivising E&P, improving
the gas investment climate, gas pipeline imports, DTS revival), we believe
investors should also focus on other emerging themes that could play out in the
medium term. Some of these themes are: 1) Revival of city gas, 2) Structural
changes to world energy mkts, 3) Potential upsides to pipeline tariffs. Meanwhile,
subsidies are peaking and with diesel losses falling to a multi-yr low of Rs2.8/ltr
and consumption declining further total losses on it could more than halve from
Rs0.63tr in FY14 to ~Rs0.25tr in FY15E. This alone could lower overall under-
recoveries from Rs1.4tr in FY14 to ~Rs1.0tr in FY15E, even pending further
policy announcements and assuming status quo on LPG/kero. |
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