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FINWIRES

シェル社、ベネズエラのロラン油田での生産可能性に関する協議を確認

-- シェル(SHEL.L、SHELL.AS)は、ベネズエラとロランガス田の開発可能性について協議中であることを、金曜日にMTニュースワイヤーズに送付した声明で確認した。 英国の石油・ガス大手であるシェルは、ロランガス田がトリニダード・トバゴのマナティーガス田に近接していることから、ベネズエラの資産は魅力的な投資機会であると述べた。マナティーガス田では、シェルは2027年までにガス生産を開始する予定である。しかし、シェルはロランガス田に関する最終的な投資決定はまだ行っていないと付け加えた。 ロイター通信は木曜日、トリニダード・トバゴ国営ガス会社のジェラルド・ラムディーン会長の発言として、シェルはロラン・マナティー共同開発の沖合ガス田で2027年に天然ガス生産を開始する計画であり、トリニダード・トバゴへのガス輸送パイプラインの容量を、従来計画していた1日7億立方フィートから10億立方フィートに増強したと報じた。

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Petro Rabigh Emerges From Loss in Q1; Revenue Grows

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$SASE:2380
Research

Research Alert: CFRA Keeps Buy Opinion On Shares Of The Hartford Insurance Group, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We trim our 12-month target price by $8 to $155, valuing HIG shares at 11.3x our 2026 operating EPS estimate of $13.75 (cut by $0.45) and at 10.6x our 2027 EPS estimate of $14.65 (cut by $0.30), vs. the shares' one-year average forward multiple of 10.3x and peer average of 13x. Q1 EPS of $3.09 vs. $2.20 a year ago missed our $3.60 estimate and $3.39 consensus view. Operating revenue growth of 6.2% was in line with our 6%-10% forecast, amid 5.3% earned premium growth, 13% higher net investment income, and 7.9% fee revenue growth. Q1 written premium growth of 4% and full-year 2025 growth of 7% bode well for 2026 revenue trends as premiums are earned. Underwriting results improved significantly, with Personal Lines combined ratio improving to 87.7% from 106.1% and underlying combined ratio to 85.0% from 89.7%. Business Insurance combined ratio was stable at 94.8%. Weighing the Q1 EPS miss with HIG's decent top-line growth and discounted valuation to peers, we view the shares as undervalued.

$HIG
Research

Research Alert: CFRA Keeps Strong Buy Opinion On Shares Of Baker Hughes

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target price by $14 to $82, reflecting a combination of our sum-of-the-parts (SOTP) and DCF models. For our SOTP model, we presume the oilfield services business (about 50% of BKR's franchise) to be valued at about 10x projected 2027 EBITDA (in line with major peers) and its industrial energy technology business (the other 50%) valued at 14x projected 2027 EBITDA (in line with the peer median). This blended approach, yielding a 12x multiple, implies a value of $73 per share. Meanwhile, our DCF model, using medium-term free cash flow growth of 5% per year, terminal growth of 2.5%, discounted at a WACC of 6.3%, yields intrinsic value of $91 per share. We cut our 2026 EPS estimate by $0.47 to $2.48, but we raise 2027's by $0.07 to $3.24. We acknowledge that the oilfield services business is likely to struggle in 2026 owing to the U.S.-Iran conflict, but the IET business appears quite robust and likely to be a source of both accelerating revenue growth and margins.

$BKR