Goldman Sachs on Thursday increased the price target for Saudi state-owned oil giant Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, to 34.00 Saudi riyals from 32.00 riyals and affirmed its buy rating.
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Canada Says Oil Sands Have Policy Support Needed To Boost Output
Canadian oil sands producers have the federal policy support needed to increase production and fill planned new pipeline capacity, Energy Minister Tim Hodgson said Wednesday, Bloomberg reported.Canada plans to remove federal environmental reviews for some energy projects, including pipelines and oil sands projects, according to the report. More than 2 million barrels a day of new crude export pipeline capacity is planned over the coming decade.Hodgson said the regulatory changes are partly a response to trade tensions with the US, Bloomberg reported.
Equities
Market Chatter: Carney To Pitch Investors On Data Centers, Mines, LNG Projects
Canada plans to present institutional investors with 167 projects spanning data centers, advanced manufacturing, LNG, ports and mining at Prime Minister Mark Carney's Canada Investment Summit next week, Bloomberg reported Wednesday, citing a document seen by the news organization.The projects include potential minority stakes in Telesat and a multibillion-dollar Ontario battery plant backed by a Volkswagen subsidiary, according to the report. Proposals also include drone turbojets, a Nova Scotia space launchpad and quantum semiconductor manufacturing in Vancouver.The document features a potential CA$14.5 billion Alberta data-center campus being developed by BW Velora, Bloomberg said. Other projects include mining, clean energy, nuclear power, port modernization, a west-coast crude oil pipeline and LNG facilities, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Equities
Market Chatter: Energy Transfer set to Switch Primary Listing To TXSE From NYSE
Energy Transfer LP (ET) is set to become the first major company to switch its primary listing from the New York Stock Exchange to the Texas Stock Exchange, Bloomberg said Wednesday, citing people familiar with the matter.The $75 billion pipeline company plans to move its listing as soon as next month, the people said, according to the report.More companies are expected to announce plans to switch to TXSE in the coming weeks, according to the people, the report said.Energy Transfer's executive chairman Kelcy Warren owns a roughly 30% stake in TXSE Group and was one of its earliest investors, alongside BlackRock and Citadel Securities, Bloomberg said, citing a 2025 filing.Energy Transfer did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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