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Investors exert their influence over the energy transition | Hellenic Shipping News Worldwide


Investors exert their influence over the energy transition
“Capital… is a social power,” wrote Karl Marx and Frederick Engels in the Manifesto of the Communist Party. You don’t have to buy into their world-view wholesale to recognise the truth of that observation. When controllers of capital exercise their influence, they can have a big impact on the economy and on society, as the oil and gas industry has found. Pressure from investors has been one of the main forces pushing companies to address climate change and the transition to lower-carbon energy. The responses have ranged from assessments of the possible impact of the Paris climate agreement, to diversification into renewable energy, to new goals for cutting emissions. ....

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6-13 National business briefs


Ring Energy announces results of redetermination of credit facility
THE WOODLANDS, Texas — Ring Energy Inc. announced that the borrowing base under its senior revolving credit facility was successfully reaffirmed at its current level of $350 million. Key highlights include the following:
• Reaffirmation of the borrowing base at $350 million.
• Easing of the minimum required oil hedges for calendar 2022 from 4,000 barrels per day to 3,100 Bbls/d, which is fully covered by oil hedges currently in place.
• Enhances price optionality and increases forecasted 2021 cash flow generation; and
Next regularly scheduled bank redetermination will be on or around Nov. 1.
Independence Energy to combine with Contango ....

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Pioneer Natural Resources Company (NYSE:PXD) - Analyst Ratings for Pioneer Natural Resources


Bearish
In the last 3 months, 31 analysts have offered 12-month price targets for Pioneer Natural Resources. The company has an average price target of $182.77 with a high of $245.00 and a low of $143.00.
This current average represents a 5.36% increase from the previous average price target of $173.48.
How Are Analyst Ratings Determined?
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may suggest actions like buy , sell , hold , or similar verbage for each stock based on research compiled from the corresponding company. Analysts who suggest buy are telling traders to purchase the stock based on forecasted growth. On the flip side, analysts who su ....

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