Podcasts about kimmeridge

Play Episode Listen Later Apr 30, 2024 23:16

In this episode of the Energy News Beat Daily Standup, the host, discussing key energy sector developments. He details Tesla's new partnership for autonomous driving in China, addressing potential data privacy concerns under Chinese regulations. Tanner also explores the challenges of enforcing the G7's Russian oil price cap due to the expanding shadow fleet. He provides a financial update, touching on oil price dynamics influenced by Middle East peace talks and U.S. economic policy, alongside a review of Exxon and Chevron's quarterly earnings, highlighting their struggles with refining margins. The episode concludes with an overview of the contentious proxy fight between Kimmeridge and Silver Bow, pointing out strategic disagreements and management performance issues.Highlights of the Podcast00:00 - Intro01:32 - Tesla Partners with Baidu for Full Self-Driving Rollout in China04:02 - Growing Shadow Fleet Makes Oil Price Cap Impossible to Police09:01 - Markets Update11:30 - North America Posts Fresh Rig Losses13:50 - Exxon stock falls as earnings miss on lower natural gas prices and squeezed refining margins15:58 - Chevron Corp (CVX) Reports Q1 2024 Earnings: A Close Call with Analyst Projections19:11 - Kimmeridge Releases Presentation Outlining the Urgent Need for Board Change at SilverBow22:48 - Outro Please see the links below or articles that we discuss in the podcast.Tesla Partners with Baidu for Full Self-Driving Rollout in ChinaApril 29, 2024 Mariel AlumitTesla's FSD system has been approved for use in China, the world's largest car market. Tesla has partnered with Chinese tech giant Baidu for mapping and navigation software to support FSD in China. Tesla's FSD […]Growing Shadow Fleet Makes Oil Price Cap Impossible to PoliceApril 29, 2024 Mariel AlumitUK-based International Group of P&I Clubs, a global insurance company, says a growing shadow fleet is making it less and less viable to police the G7 price cap on Russian oil, Bloomberg News reports, citing […]North America Posts Fresh Rig LossesApril 29, 2024 Mariel AlumitNorth America lost 15 rigs week on week, according to Baker Hughes' latest rotary rig count, which was published on April 26. The U.S. dropped six rigs and Canada dropped nine rigs week on week, […]Exxon stock falls as earnings miss on lower natural gas prices and squeezed refining marginsApril 26, 2024 Mariel AlumitExxon Mobil on Friday reported first-quarter earnings that missed expectations as the industry came under pressure from eroding refining margins and collapsing natural gas prices. Exxon's stock is down more than 3%. Here is what Exxon reported for […]Chevron Corp (CVX) Reports Q1 2024 Earnings: A Close Call with Analyst ProjectionsApril 26, 2024 Mariel AlumitChevron Corp (NYSE:CVX) released its 8-K filing on April 26, 2024, disclosing its financial results for the first quarter of 2024. The company reported earnings of $5.5 billion, translating to $2.97 per share on a diluted basis, […]Kimmeridge Releases Presentation Outlining the Urgent Need for Board Change at SilverBowApril 29, 2024 Mariel AlumitDetails SilverBow's track record of underperformance, value-destructive acquisitions, broken governance, and entrenchment maneuvers SilverBow needs experienced, independent directors who are open to assessing all value enhancing alternatives to capitalize on its limited window of opportunity […]Follow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB Substack– Get in Contact With The Show –

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ENB 342 - Regulatory Wrangles, Subsidy Skepticism, Fossil Fuel Dynamics, and Shareholder Spats

Play Episode Listen Later Apr 2, 2024 16:29

In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley cover various headlines, including BlackRock being hit with a cease and desist order for allegedly misleading investors about ESG practices, Janet Yellen challenging clean energy subsidies for market fairness, concerns over federal tax dollars meant to fight climate change potentially boosting Louisiana's fossil fuel production, and mixed news on Pennsylvania's electricity front with reduced CO2 emissions but higher costs for residents. They also touch on oil and gas prices, rig counts, and a brewing activist fight between Kimmeridge and Silver Bow shareholders. The discussion reveals skepticism about the effectiveness of certain clean energy initiatives and highlights ongoing industry dynamics and conflicts.Highlights of the Podcast00:00 - Intro01:32 - BlackRock hit with ‘cease and desist' after allegedly misleading investors about ESG practices03:40 - Yellen challenges clean energy subsidies for market fairness05:48 - How federal tax dollars meant to fight climate change could end up boosting Louisiana's fossil fuel production07:45 - Good news and bad news on Pa. electricity includes reduced CO2 emissions but high costs for residents10:59 - Oil up 1%, US WTI at 5-month closing high, market seen tight12:03 - Rig Count Overview12:48 - Kimmeridge Issues Open Letter to SilverBow Shareholders15:59 - OutroPlease see the links below or articles that we discuss in the podcast.BlackRock hit with ‘cease and desist' after allegedly misleading investors about ESG practicesApril 1, 2024 Mariel AlumitMississippi Secretary of State Michael Watson and the Securities Division of the Secretary of State's Office have issued a “Cease and Desist Order” against asset manager BlackRock, alleging deceptive practices regarding the company's Environmental, Social, […]Yellen challenges clean energy subsidies for market fairnessApril 1, 2024 Mariel AlumitOn March 27, 2024, U.S. Treasury Secretary Janet Yellen announced a plan to contest certain clean energy subsidies. She argues that these subsidies create an uneven marketplace, which negatively impacts U.S. industries and their international […]How federal tax dollars meant to fight climate change could end up boosting Louisiana's fossil fuel productionApril 1, 2024 Mariel AlumitENB Pub Note: There is still a debate on whether methane and CO2 are as big a climate change issue with the current reporting misrepresentation from the climate change groups manipulating data. We are trying […]Good news and bad news on Pa. electricity includes reduced CO2 emissions but high costs for residentsApril 1, 2024 Mariel AlumitThere's the good news regarding the state's electricity generation for 2023. Electricity was cleaner and local electricity was more reliable. Pennsylvania reduced its carbon dioxide emissions by 10%, the largest year-over-year decline since 1990, largely […]Oil up 1%, US WTI at 5-month closing high, market seen tightApril 1, 2024 Mariel AlumitNEW YORK, April 1 (Reuters) – Crude prices edged up about 1% on Monday with U.S. futures closing at a five-month high, on expectations that economic growth in the U.S. and China will boost demand, […] Kimmeridge Issues Open Letter to SilverBow ShareholdersApril 1, 2024 Mariel AlumitRemains ready to engage in good faith negotiations with SilverBow towards value-enhancing combination Publishes comprehensive financial and operational data on KTG to support shareholders in analyzing Kimmeridge's proposal SilverBow made no contact with Kimmeridge before rejecting the March 13 proposal, […]Follow StuartOn LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB Substack– Get in Contact With The Show –

ENB 340 – Weekly Recap: Insights on Tech Demands, Policy Challenges, and Infrastructure Risks

Play Episode Listen Later Mar 30, 2024 19:53

In this episode of the Energy News Beat Daily Standup - Weekly Recap, the hosts, Stuart Turley and Michael Tanner discuss various topics including the energy demands of big tech, the necessity of stable energy policies for economic growth, and the implications of the Baltimore bridge incident on energy supply chains. Turley emphasizes the need for diverse energy sources, highlighting the importance of nuclear energy alongside renewables. Tanner echoes the sentiment, noting the significance of oil and gas production while advocating for responsible energy policies. The discussion underscores the complexities of energy infrastructure and the challenges posed by disruptions like the bridge collapse, emphasizing the need for long-term planning and balanced approaches to energy development.Highlights of the Podcast00:00 - Intro01:13 - Big Tech's Latest Obsession Is Finding Enough Energy05:05 - Riposte Capital Issues Statement in Support of Kimmeridge's Proposal to Combine Kimmeridge Texas Gas with SilverBow Resources08:35 - PetroChina Books Record Profit as Natural Gas and Fuel Demand Soar13:55 - Mass casualties feared as boxship takes out bridge in Baltimore – other coal and exports blocked16:03 - UK to miss out on $487 billion generated from offshore oil and gas market without stable energy policy19:43 - OutroPlease see the links below or articles that we discuss in the podcast.Big Tech's Latest Obsession Is Finding Enough EnergyMarch 24, 2024 Stu TurleyHOUSTON—Every March, thousands of executives take over a downtown hotel here to reach oil and gas deals and haggle over plans to tackle climate change. This year, the dominant theme of the energy industry's flagship […]Riposte Capital Issues Statement in Support of Kimmeridge's Proposal to Combine Kimmeridge Texas Gas with SilverBow ResourcesMarch 21, 2024 Mariel AlumitNEW YORK, March 21, 2024 /PRNewswire/ — Riposte Capital LLC, one of the largest shareholders of SilverBow Resources, Inc. (NYSE: SBOW), owning approximately 9.9% of the Company's outstanding common stock, today issued the following statement: Riposte Capital has […]Oil Demand Outpaces Expectations, Testing Calculus on Peak CrudeMarch 25, 2024 Mariel AlumitThe world is using more oil than ever and demand is outpacing expectations again this year, raising questions about how soon global consumption will peak. The unabated thirst for crude contributed to an increasingly confident […]PetroChina Books Record Profit as Natural Gas and Fuel Demand SoarMarch 25, 2024 Mariel AlumitA rebound in Chinese natural gas demand and rising fuel sales pushed the earnings of state oil and gas giant PetroChina to a record high in 2023, despite the drop in international oil and gas […] Mass casualties feared as boxship takes out bridge in Baltimore – other coal and exports blockedMarch 26, 2024 Stu TurleyMany are feared dead in Baltimore following a dramatic bridge collapse tonight after the 9,962 teu Dali containership smashed directly into one of the bridge's pillars. The Maryland Transportation Authority and US Coast Guard confirmed […]UK to miss out on $487 billion generated from offshore oil and gas market without stable energy policyMarch 27, 2024 Mariel Alumit(WO) – Without stable energy policy and a globally competitive tax regime, the UK will miss out on the lion's share of the benefits from a domestic offshore energy market that could grow to £450 […]Follow StuartOn LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsENBEnergy DashboardENB PodcastENB Substack– Get in Contact With The Show –

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ENB 336 - Tech's Energy Appetite, Nuclear Dilemmas, Coal Cap Reversal, and Financial Fisticuffs

Play Episode Listen Later Mar 25, 2024 27:22

In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley cover a range of topics. They discuss Big Tech's increasing energy demands for data centers and highlight the necessity of reliable energy sources like natural gas and nuclear power. They also delve into the consequences of New York's decision to shut down the Indian Point nuclear plant, emphasizing its negative impact on decarbonization efforts. Additionally, they touch on Glencore's abandonment of a coal production cap, Arizona's move to repeal its renewable mandate, and the bankruptcy filing of wood pellet producer Enviva. The segment concludes with discussions on a merger proposal and BlackRock's response to a Texas pension fund's withdrawal of investment due to BlackRock's stance on energy companies. Throughout, they offer insights, critiques, and humorous commentary on the latest developments in the energy sector.Highlights of the Podcast00:00 - Intro01:57 - Big Tech's Latest Obsession Is Finding Enough Energy05:53 - Sunday's Energy Absurdity: When the Best Laid Climate Alarm Plans Go Awry08:54 - Glencore abandons coal production cap as another climate pledge fails13:13 - The Energy Transition in Retreat: Arizona Moves to Repeal Its Renewable Mandate15:27 - Wood pellet producer Enviva files for bankruptcy and plans to restructure17:14 - Markets Update17:56 - Oil prices down on Gaza ceasefire talks, flat on the week19:40 - Riposte Capital Issues Statement in Support of Kimmeridge's Proposal to Combine Kimmeridge Texas Gas with SilverBow Resources23:11 - BlackRock pushes back after Texas withdraws $8.5 billion investment26:23 - Outro Please see the links below or articles that we discuss in the podcast.Big Tech's Latest Obsession Is Finding Enough EnergyMarch 24, 2024 Stu TurleyHOUSTON—Every March, thousands of executives take over a downtown hotel here to reach oil and gas deals and haggle over plans to tackle climate change. This year, the dominant theme of the energy industry's flagship […]Sunday's Energy Absurdity: When the Best Laid Climate Alarm Plans Go AwryMarch 24, 2024 Stu TurleyENB Pub Note: This article is from David Blackmon's substack “The Energy Absurdities”. It falls right along with the numerous stories around the globe where climate activism has closed nuclear reactors only to see higher […]Glencore abandons coal production cap as another climate pledge failsMarch 24, 2024 Stu TurleyAustralia's biggest thermal coal producer, Glencore, has withdrawn a promise to keep annual coal production below 150 million tonnes, backpedalling from a climate pledge it made five years ago. Glencore declared a coal production cap in […] The Energy Transition in Retreat: Arizona Moves to Repeal Its Renewable MandateMarch 24, 2024 Stu TurleyENB Pub Note: Mitch Rolling and Isaac Orr are the “Energy Bad Boys”. I had a great podcast interview with them, and it is in production. It is a great interview and sheds a nice […]Wood pellet producer Enviva files for bankruptcy and plans to restructureMarch 24, 2024 Stu TurleyENB Pub Note: There are real questions about wood pellets and their “ESG” or renewable energy impact on the environment. The largest global industrial wood pellet supplier filed for Chapter 11 bankruptcy protection on Wednesday, […]Oil prices down on Gaza ceasefire talks, flat on the weekMarch 24, 2024 Michael TannerNEW YORK, March 22 (Reuters) – Oil prices slipped on Friday and were flat on the week as the possibility of a ceasefire in Gaza weakened crude benchmarks, while the war in Europe and shrinking […]Riposte Capital Issues Statement in Support of Kimmeridge's Proposal to Combine Kimmeridge Texas Gas with SilverBow ResourcesMarch 21, 2024 Mariel AlumitNEW YORK, March 21, 2024 /PRNewswire/ — Riposte Capital LLC, one of the largest shareholders of SilverBow Resources, Inc. (NYSE: SBOW), owning approximately 9.9% of the Company's outstanding common stock, today issued the following statement: Riposte Capital has […]BlackRock pushes back after Texas withdraws $8.5 billion investmentMarch 22, 2024 Stu TurleyBlackRock pushed back on Texas' decision to pull $8.5 billion in investment from the asset manager over ESG policies The world's largest asset manager, BlackRock, is pushing back on Texas' decision to withdraw roughly $8.5 billion […]Follow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB Substack– Get in Contact With The Show –

ENB 329 - California Prices Surge, Biden Budget Impact, Shell's Shift, and Currency Changes

Play Episode Listen Later Mar 14, 2024 20:35

In this episode of the Energy News Beat Daily Standup, Michael Tanner and Stuart Turley cover several top headlines, including exploding energy prices in California, Biden's proposed budget impacting the oil and gas industry, Shell considering slowing carbon emission cuts, and countries moving towards rupee trade with India. They discuss the implications of these developments, highlighting concerns over rising energy prices, potential tax changes impacting the industry, shifts in corporate strategies towards fossil fuels, and the geopolitical implications of currency trade agreements. Additionally, they provide insights into oil and gas market movements, including price rebounds driven by geopolitical tensions and strategic petroleum reserve draws, along with corporate maneuvers such as Cambridge's bid to merge with Silver Bow. They also mention upcoming podcast episodes featuring industry experts.Highlights of the Podcast00:00 - Intro01:30 - Exploding Energy Prices in California05:12 - Biden's full year 2025 budget hurts oil and gas industry by repealing long-standing tax provisions, IPAA admonishes08:25 - Shell considers slowing pace of carbon emissions cuts as CEO refocuses on oil and gas11:33 - Many countries want to start rupee trade with India in “game-changing” de-dollarisation step14:51 - Markets Update15:19 - Oil Steady as EIA Confirms Crude, Gasoline Draws16:18 - Kimmeridge makes new $2.1 bln offer for SilverBow19:49 - OutroPlease see the links below or articles that we discuss in the podcast.Exploding Energy Prices in CaliforniaMarch 13, 2024 Mariel Alumit“California leaders know that rising prices are a huge problem. The state is now considering a plan to tie utility rates to personal income so that the rich pay more and low-income residents pay less. Costly California […]Shell considers slowing pace of carbon emissions cuts as CEO refocuses on oil and gasMarch 13, 2024 Mariel Alumit(Bloomberg) – Shell Plc has been considering slowing the pace of its carbon-emissions cuts as it updates its energy-transition strategy, according to people familiar with the matter. Any changes to the company's climate targets could […]Many countries want to start rupee trade with India in “game-changing” de-dollarisation stepMarch 13, 2024 Mariel AlumitAhmed Adel, Cairo-based geopolitics and political economy researcher On Monday, Union Commerce and Industry Minister Piyush Goyal said that many large and small economies around the world have expressed willingness to start trading in rupee […]Oil Steady as EIA Confirms Crude, Gasoline DrawsMarch 13, 2024 Mariel AlumitThe Energy Information Administration reported an estimated inventory draw of 1.5 million barrels for the week to March 8. Gasoline stocks also declined while middle distillates inched up. The figures compared with a crude oil inventory build of 1.4 […]Kimmeridge makes new $2.1 bln offer for SilverBowMarch 13, 2024 Mariel AlumitMarch 13 (Reuters) – Kimmeridge Energy Management has submitted a new offer to acquire SilverBow Resources (SBOW.N), opens new tab that values the U.S. oil and gas producer at close to $2.1 billion, including debt, the investment […]Follow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsENBEnergy DashboardENB PodcastENB Substack– Get in Contact With The Show –

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ENB 321 - TotalEnergies Resumes Denmark Gas Field, Solar Farms on the Market, and More

Play Episode Listen Later Mar 4, 2024 27:09

In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley cover a range of topics including TotalEnergies upholding the restart date for Denmark's largest natural gas field, solar farm economics revealing early sales at low prices, cancelled U.S. offshore wind farms returning at higher prices, Bank of America's analysis projecting oil prices to hover between $80 to $85 per barrel due to factors like shale supply growth, renewables, and interest rate hikes, and OPEC's anticipated announcement on production cuts. They also discuss Silver Bow Resources facing shareholder pressure from Cambridge Energy Management to address performance concerns and potential mergers, highlighting the complexities and challenges in the oil and gas industry's current landscape.Highlights of the Podcast00:00 - Intro01:36 - TotalEnergies upholds March restart date for Denmark's largest natural gas field04:11 - Solar Farms are being sold early and cheap – Here is one: Solar for sale: 1,100 acres, $15 million, in the Town of Sharon06:42 - Cancelled US Offshore Wind Farms Back at a Higher Price10:03 - BofA Reveals Where it Sees The Oil Price Heading11:23 - Oil Markets Await the Next OPEC+ Announcement16:39 - Markets Update19:07 - Kimmeridge seeks SilverBow board seat26:46 - OutroPlease see the links below or articles that we discuss in the podcast.TotalEnergies upholds March restart date for Denmark's largest natural gas fieldMarch 2, 2024 Stu TurleyTotalEnergies EP Danmark, a subsidiary of France's energy giant TotalEnergies, has confirmed the previously set restart date for the Tyra II redevelopment project, which is said to be Denmark's largest natural gas field. According to […]Solar Farms are being sold early and cheap – Here is one: Solar for sale: 1,100 acres, $15 million, in the Town of SharonMarch 2, 2024 Stu TurleyENB Pub Note: We are seeing this across the world. It is tougher to upkeep the wind and solar farms than advertised because of the “Shell Game Accounting” that has gone on over the last […]Cancelled US Offshore Wind Farms Back at a Higher PriceMarch 2, 2024 Stu TurleyENB Pub Note: This article was originally posted on Elementalenergy.substack.com. I highly recommend following them and interacting with their other readers through comments. Remember those American offshore wind projects that were cancelled last year due […]BofA Reveals Where it Sees The Oil Price HeadingMarch 2, 2024 Stu TurleyIn a BofA Global Research report sent to Rigzone this week, analysts revealed where they see the oil price heading in the near and mid-term. “Robust U.S. shale supply growth, warm winter weather, more renewables, […]Oil Markets Await the Next OPEC+ AnnouncementMarch 1, 2024 Mariel AlumitOil prices remained stubbornly rangebound in February as signs of a recovering U.S. economy were countered by weaker economic data in both Europe and China. Friday, March 1st 2024 Diverging macroeconomic news, with China and […] Follow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsENBEnergy DashboardENB PodcastENB Substack– Get in Contact With The Show –

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The Long March Pt 4:Kimmeridge, TX

Play Episode Listen Later Sep 4, 2023 20:38

Finally get into Kimmeridge late but no headtorch, a surprise pub, return of the Children of the Corn path and an angry drunk Karen, brought in part to you by the National Trust's free charging and WiFi facilities! --- Send in a voice message: https://podcasters.spotify.com/pod/show/jaunt/message

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Long March Pt 3: Death March to Kimmeridge

Play Episode Listen Later Sep 4, 2023 8:47

I made it to Arish Mell at 4pm with low water and tried filtering puddle water which worked but the filter kept blocking... I avoided the muddy puddle stream that the cows were shitting and pissing in. A good samaritan arrived and have me some water... I headed up to Lulworth Castle and then to Povington Hill, deciding to try and get the Tyneham to Kimmeridge section done as well...depite not having my headtorch, time for some dusk walking! --- Send in a voice message: https://podcasters.spotify.com/pod/show/jaunt/message

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Jaunt 4 has finally started

Energy Thinks with Tisha Schuller

Play Episode Listen Later Aug 30, 2023 5:15

After many months of prevarication, Jaunt 4 is starting now. Not sure if it will be a short mini jaunt or a longer one, depends on me, my health/knees holding up and the weather. Trying out new gear, so heading to Corfe Castle which I visited back in Jaunt 1, for a familiar place and shakedown for a new tent and then planning to do something I have never done... Do a proper hike with all my gear and overnight on the way to Kimmeridge - or several nights if it's needed, cos the rugged coast has few places to camp, and it is the last section of the Jurassic Coast to finish to connect all the way to Beer. Hopefully my first wild camp as well sometime during this trip. --- Send in a voice message: https://podcasters.spotify.com/pod/show/jaunt/message

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Megan Hays's Investor Lens on Oil and Gas Net Zero

Play Episode Listen Later Feb 14, 2023 22:53

Tisha Schuller welcomes Megan Hays, managing director at Kimmeridge, to the Real Decarbonization podcast. Listeners will hear Megan's investor perspective on how oil and gas companies should approach net zero targets and expectations to decarbonize. Before her start at Kimmeridge in 2021, Megan was VP of investor relations at Cimarex Energy. She has served in other investor relations, ESG, and corporate communications roles, such as VP of investor relations and public affairs at Concho (2017 to 2021) and director of investor relations and corporate communications at Approach Resources (2013 to 2014). Megan serves on the advisory board of the Ralph Lowe Energy Institute at Texas Christian University's (TCU) Neeley School of Business. She received a B.A. in political science and history from TCU and holds a certificate for the Executive Education for Sustainability Leadership program from Harvard's School of Public Health. Follow all things Adamantine Energy and subscribe to Tisha's weekly Both of These Things Are True email newsletter at www.energythinks.com. Thanks to Adán Rubio who makes the Real Decarbonization podcast possible. [Interview recorded on Jan. 11, 2023]

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Activist Investing Today: Kimmeridge's Viviano Talks ESG and Control Pay

The Deal

Play Episode Listen Later Sep 8, 2022 24:57

Mark Viviano, the lead portfolio manager of the oil and gas-focused Kimmeridge's public investment team, discusses ESG, his company's latest activist investments and why change-of-control payments should include stock in combined companies.

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Eczema or Exmouth? The end of Jaunt 3

Tetrapod Zoology Podcast - Tetrapod Zoology

Play Episode Listen Later Aug 30, 2022 14:19

Heading back to London (spoilers!) cos after 18 days non-stop, eczema on sunburn and fatigue hit me like a truck. Disappointing cos I have only 16 miles to finish the Jurassic Jaunt bar a 5 mile stretch past Kimmeridge. So close but unlike King Canute (the name of the last piece I did in Lyme Regis) it is time to realise the tide is turning.. And the weather will be changing for the worst in a few days. Sad but time to head back. --- Send in a voice message: https://anchor.fm/jaunt/message

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"Distinguishing a Value Trap from a Value Opportunity" Featuring Mark Viviano & Megan Hays, Kimmeridge Energy

C.O.B. Tuesday

Play Episode Listen Later Mar 16, 2022 57:27

We have a stellar dynamic duo for this week's session. Our good friends Mark Viviano, Head of Public Equities, and Megan Hays, Managing Director, with Kimmeridge Energy visited us for an engaging and insightful discussion. Mark's investing career has spanned over 17+ years in portfolio management and research analysis on companies in the energy sector, primarily focused on E&Ps and natural resources. Megan has 15+ years of experience in investor relations, strategic communications, M&A, capital markets and ESG. With such a deep wealth of knowledge and expertise, we had lots to cover.As you will hear in the discussion, our topics ranged from background on Kimmeridge and their strategies and approach to the portfolio, what differentiates good and bad M&A, ESG, E&P performance in the next few years, the global oil and gas markets, and more. We also discussed some of Mark's white papers and touched on the overarching themes including resource transparency, executive compensation, and the potential for a carbon offset price to name a few. Mike Bradley started us off with an overview of equity and commodity performance over the past week and his thoughts on traditional and clean energy current events. He also touched on key highlights from CERAWeek. Colin Fenton joined us from sunny California (where gas prices are currently nearing $6/gallon) with three items about perception including an update on the energy inverse bubble.

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Strøkne pinotbobler fra Champagne

Ukas vin

Play Episode Listen Later Jun 29, 2021 29:28

I denne episoden smaker programleder Tommy Andresen og Rikke de Lange fra Holzweiler Platz i Oslo på en vellaget pinot noir-Champagne. Marie-Courtin Efflorescence Extra Brut 2014. Biodynamisk dyrket. 35-40 år gamle vinstokker plantet i et jordsmonn av Kimmeridge-kalk og leire. Druematerialet kommer fra en enkeltvinmark i kommunen Polisot i Côte des Bar. Mosten spontangjæres på gamle eikefat før tradisjonell annengangsgjæring med bunnfallet på flaske i tre år. Degorgert i mars 2020 helt uten tilsatt dosage. Vinen er ufiltrert og lavsvovlet.

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Episode 82: Totally a New Whale

Play Episode Listen Later Apr 9, 2021

In this episode, fossils of the Kimmeridge clay, naughty fossils from Brazil, Ubirajara, Darren's new book, Dinopedia. Cladistics (sigh), domed-headed nose-pickers, and how they use them, a New Whale™, G̡͉̼̱̳͖͕̱̦͊r̼͕̺̃̾͑ͩ̕e̴̻͙͕͍̺͔͒n͙͍̭̘̲̭͔̆̍͑͢ͅd̛͕̪̠̞̩̰ͦͯe̘̣̖̮͒͢ͅl̴̫͖͉͎̃ͣ͊̐i̶͇͇͓̭̳͚̹͒͑̇u̧͍͉̺̠̅̎ş̖̞̬̦̻̺̼ͭ ̨̜̤̃͗̑̚ͅmͯ͏͎̪͍̙͇̮͖̤o̹͇͙̺ͧ̉̒̽͞r̡̬͍̺̹̰̘͙ͦd͈͖͕̦̦̓̓̕ã̧̞̳x̘̪̱̝͍͌̋ͩ͜, and cladistics headaches again. Oh my.

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Viva La Viviano on Tripping Over the Barrel

Tripping Over the Barrel

Play Episode Listen Later Feb 11, 2021 37:30

Oil and Gas executives, be warned: Mark “The Flamethrower” Viviano has been making waves in the Oil and Gas industry lately, and for good reason. Just because he looks like Trevor Lawrence and has a big smile…doesn’t mean he won’t criticize you if your financial discipline needs to improve. Mark takes us through his path growing up in New York, to his many years at Wellington, to the pot he is currently stirring at Kimmeridge. Mark brings the HEAT in a MUST listen episode of TOTB. The post Viva La Viviano on Tripping Over the Barrel appeared first on Digital Wildcatters.

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Viva La Viviano on Tripping Over the Barrel

Oil and Gas Startups Podcast

Play Episode Listen Later Feb 11, 2021 37:30

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Fresh og seriøs rosé fra Olivier Horiot

Ukas vin

Play Episode Listen Later Jan 26, 2021 21:56

I denne episoden smaker programleder Tommy Andresen og sommelier Sara Johansson på en stille rosé fra Champagne. De snakker også om området Champagne, om prosessen bak og om utviklingen som har skjedd i området de siste årene. Olivier Horiot Rosé des Riceys En Barmont 2015. En seriøs kanonvin med en ivrig følgerskare til en sympatisk pris – region og drue tatt i betraktning. Biodynamisk dyrket. Jordsmonn av rød leire og Kimmeridge-kalkstein. 10% av druene fottråkkes og plasseres i bunnen av gjæringskaret før resten av klasene plasseres hele på toppen (semikarbonisk maserasjon). Mosten spontanfermenteres med syv dager skallkontakt og modnes videre i ett år på gamle eikefat. Vinen er ufiltrert og lavsvovlet. Champagne, Frankrike 100% pinot noir 419,90 Tilgjengelig på polet Blend Wines Produsenter vi nevner i episoden: André Beaufort Jacques Lassaigne Vouette & Sorbée Laherte Frères Annonse fra vinskap.no: Hos vinskap.no elsker vi å nyte Blanc de Noirs og roséchampagne av pinot noir-glass som booster fruktigheten. New World-glasset til Riedel er suverent, og fremhever champagnens aroma. Et annet fantastisk glass til alle typer champagne, er Lehmann Jamesse Prestige Grand Champagne. Se kabaret.no for mer! See acast.com/privacy for privacy and opt-out information.

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Reforming U.S. Shale Companies

Energy 360°

Play Episode Listen Later Jan 11, 2021 30:28

This week our guest is Mark Viviano, a Managing Partner & Portfolio Manager with Kimmeridge. Kimmeridge is a private equity firm investing in low-cost unconventional oil and gas assets in the U.S., and is also an activist investor pushing for company reforms. Mark has analyzed companies in the energy sector for more than 15 years. Ben Cahill (CSIS) talks with Mark about reforming the shale sector and responding to ESG pressure, the role of activist investors, and what to expect in oil and gas markets in 2021. For more, read http://kimmeridge.com/wp-content/uploads/2020/11/Governance_Paper_111620.pdf and http://kimmeridge.com/wp-content/uploads/2020/02/Preparing-the-EP-Sector-for-the-Energy-Transition-A-New-Business-Model.pdf

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Mark Viviano, Head of Public Equities, Kimmeridge Energy

Energy Council Investor Series Podcast

Play Episode Listen Later Nov 13, 2020 36:48

Recorded on 13th October 2020, Mark Viviano – Head of Public Equities at Kimmeridge Energy joins us to talk about how he joined Kimmeridge Energy earlier this year to launch a dedicated activist fund focussed on reforming the public E&P sector after he had grown increasingly frustrated at how the E&P sector had become un-investable. Over the course of this episode, we explore what it will take to reform the public E&P sector and the importance of activism in bringing about the necessary changes

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Activism in the energy sector

Beyond The Boardroom

Play Episode Listen Later Apr 9, 2020 23:16

Kieran Poole and Jason Booth discuss the April issue of Activist Insight Monthly which includes campaigns at Japan's Sekisui House, what is next for London-based activist Bluebell Partners and the dispute over the valuation of China's Luckin Coffee. Plus, we hear from Kimmeridge's Ben Dell. View all of our products available by visiting our website.

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Oil Man Jim Company Oil & Gas Podcast, 9th October 2019

Play Episode Listen Later Oct 9, 2019 3:22

Falcon Oil & Gas announced the spudding of the Kyalla 117 N2-1 appraisal well in Australia. There are now 7 companies currently drilling. In addition to Falcon, there's Petro Matad, I3 Energy, UK Oil & Gas, Alba Mineral Resources, Coro Energy and Empyrean Energy. UKOG and ALBA both updated this week, announcing that casing has been set. The well will now drill down to the coring point, where three 60 ft cores are planned through the oil-bearing Portland reservoir to ensure the 1000 metre horizontal section is correctly positioned within the most oil-productive zone. The well will then drill ahead to total depth and be plugged back to the starting point of the horizontal trajectory with HH-2z following directly afterwards. Both HH-2z Portland and the HH-1 Kimmeridge well are expected to be put into long term production by the end of 2019. Reabold Resources went through its usual placing drama, although a little more than usual since it was raising £24 million this time. I think what's happening is happening because its placings are extensively forward sold and I doubt they could raise these amounts as actual investments. Solo Oil made an interesting announcement. It's entered into a binding sale and purchase agreement to acquire a package of non-operated interests in natural gas fields in the Dutch sector of the North Sea. Three interests are in 14 gas fields, producing c.99% gas / 1% condensate and are mid-life assets with relatively low abandonment expenditure. The aim is a self-funding balance sheet going forward with follow on development potential funded by re-investment of free cash flow since it's classed as a reverse takeover, it shares have been suspended and it will be possible to express an informed opinion once the admission document is published. Jersey Oil & Gas shares came off sharply when it announced that Equinor had elected not to exercise its three month option over a 50% equity interest in respect of the blocks containing the Buchan oil field and the J2 oil discovery. The interesting thing about this is that it was already obvious Equinor was not proceeding from the previous day's announcement that Jersey had by itself made development contractor appointments. They tried to stabilise the price with the announcement of an independent assessment of resource and valuation estimates showing technically recoverable oil resource volumes of 94.7 million barrels of oil net to JOG and a mid-case contingent resource valuation (NPV10) of its P2498 licence together with a valuation of JOG's 18% share of the Verbier discovery of £791 million. Jersey's now reduced market capitalisation currently is around £40 million. Moving on, news from all the other companies who have made announcements so far this week will be covered in the Sunday blog and I'll be back on Saturday with another podcast focussed on whatever interesting looking news comes out in the remainder of the week.

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Oil Man Jim Company Oil & Gas Podcast, 2nd October 2019

Play Episode Listen Later Oct 2, 2019 5:46

There's been a lot of news so far this week, but mainly companies getting out their interim results at the last minute, so I'll focus on the more interesting ones and those that might offer potential. Providence Resources and Lansdowne Oil & Gas eventually had to call it a day with the Chinese investors after their funds they claimed to have transferred yet again failed to arrive. Providence now is capitalised at £24 million and Lansdowne at £6 million, but in Barryroe they do actually own a genuine asset. The shares are highly speculative, but offer huge and real potential. Estimated 2C recoverable resources are over 300 million barrels of oil from the two main tested reservoir intervals at Barryroe, and further resource potential has also been identified in other hydrocarbon bearing intervals with estimates of up to over 1 billion barrels of oil. I think Providence and Lansdowne might be worth a punt at these levels. UK Oil & Gas and Alba Mineral Resourcesannounced the spud of the Horse Hill-2/2z Portland well. Both the HH-2z and the existing HH-1 Kimmeridge well are expected to be put into long term production by the end of 2019. I suspect production could easily surpass 1,000 barrels of oil per day - and they have permission to drill another four wells. Given its niche as a British onshore oil producer, UKOG at a current capitalisation of £67 million and ALBA at a capitalisation of £7 million offer opportunity. Global Petroleum is a company rarely mentioned. It's capitalised at just £3 million, but has a lot of assets, particularly its licences offshore Namibia, which cover 11,607 square kilometres (that's nearly 3 million acres) and make it one of the largest acreage holders in the region. Global also own licences offshore Italy where it has been fighting actions by environmentalists in the courts - and winning. It's an interesting situation now in Italy, since to stop these endless battles between oil companies and greens, the Italian Parliament passed a Bill in February this year suspending all hydrocarbon exploration activities, including permit applications, for a period of 18 months. Following the 18 month evaluation period, the intention is that a hydrocarbon plan will be activated, setting out a strategy for exploration and production, excluding certain areas from future hydrocarbon exploitation. These environmental disputes are what has been holding back oil exploration activity in Italy and those companies whose areas do get approved are going to hit the jackpot, since many of the potential resources in these licences are huge and highly profitable if allowed to be developed. The company has more than enough cash to keep it going and Global is another one that could be worth a punt. It just takes one farm-out to propel this North. I3 Energy issued its interim report on Monday and set out a clear explanation of the current situation. The first well result was a surprise to the third-party consultants who conducted due diligence, which I think explains the heavy institutional selling. All three sets of seismic utilised to map the Liberator structure had conformed to one another and resolved the 13/23c-9 well location as a low-risk target at a structural high. However, the targeted upper Captain sand was not penetrated at the first well location, so i3 acquired the only other available seismic dataset over the area. This had previously been reviewed by the Company and determined to be unsuitable. However, reprocessed, they believe this seismic will enable additional interpretation. To allow time to analyse the data and potentially re-permit an alternative location for Liberator's next appraisal well, i3 is preparing the rig to drill Serenity's SA-01 as the second well. Mobilisation operations will commence as soon as the consent to locate permit is obtained and, once drilling begins, the well is anticipated to take approximately four weeks. I think the current market capitalisation of £20 million looks fair. From here, there is going to be an exploration well targeting a potentially significant target at Serenity and possibly an appraisal well at Liberator. It's no longer the development deal it was before, but like the others mentioned previously it could be an interesting speculation. Independent Oil & Gas which I mentioned positively at the weekend is still being bought by Richard Griffiths of Jersey and Lombard Odier, both of whom filed TR-1s. There's good news flow coming up here and I thought it interesting to see that IG is no longer allowing leveraged purchases on this. The market capitalisation is £73 million, so there's still plenty of upside when the scale of the project is considered. Finally, Bahamas Petroleum Company, which I stated the last two weekends as currently overpriced but interesting once a placing is done, is now down by about half. They've now formally announced that they're in the process of arranging funding for their big drill next year and as I've said before it's one to keep an eye on and look at picking up after the placing. I'll be back at the weekend with more on the podcast. In the meantime, all the small-cap oil companies are covered in the blog and daily on Twitter.

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Dr Steve Etches MBE: Plumbing the prehistoric depths of the Kimmeridge Clay

Trees A Crowd

Play Episode Listen Later Apr 22, 2019 55:16

Dr Steve Etches MBE is a renowned fossil expert. His collection of over 2,000 pieces from the Kimmeridge Clay include remains of ichthyosaurs, plesiosaurs, pterosaurs and a whole host of Jurassic marine life. Once housed in his garage, the collection is now on display at the Etches Collection in Dorset. In this in-depth conversation, he describes how he stumbled across the world's first ammonite eggs, shares how his discoveries still give him “that same childhood thrill” that he first experienced as a five-year-old, and explains how the centre, with 25,000 visitors a year, is as much about educating people about the past as it is preserving it. See acast.com/privacy for privacy and opt-out information.

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35: UK Oil & Gas PLC (LON:UKOG) Stephen Sanderson, Chief Executive Update 2019-2020

Play Episode Listen Later Jan 31, 2019 6:30

UK Oil & Gas PLC (London AIM: UKOG), the largest onshore licence acreage holder in Weald Basin, is pleased to announce that, following the successful production testing and declaration of Portland commercial viability at its Horse Hill oil field (in which the Company holds a 46.735% interest), the Company has now completed a strategic review of its asset portfolio and finalised forward plans to drill up to nine production, appraisal and exploration wells during 2019 and 2020. The plan’s initial focus is to move Horse Hill’s ongoing test-based oil production into permanent production by the end of 2019 via two new horizontal production wells. As previously reported, the Portland production target of 720-1,080 barrels of oil per day (“bopd”) from the first horizontal well, which has been externally verified as a realistic and viable expectation by Xodus Group Ltd (“Xodus”), is designed to position Horse Hill as the Weald Basin’s leading oil producing companies. Subsequent horizontal wells in 2020 are designed to boost gross production to over 2,000 bopd, potentially placing UKOG within the top three oil producing companies in the UK onshore sector. Next year, the plan aims to convert around 15.6 million barrels (“mmbbl”) of the Company’s net discovered conventional recoverable resources (or “Contingent Resources”) into Reserves. Consequently, the programme includes the drilling and long term testing of an appraisal well in the PEDL331 Arreton oil discovery (UKOG 95% interest), where the majority of the company’s currently assessed Contingent Resources lie, together with appraisals in the PEDL234 Godley Bridge gas discovery and Broadford Bridge oil discovery (UKOG 100%). Further Portland and Kimmeridge exploration wells at PEDL331 Arreton South and at a third site in PEDL234 are also planned later in 2020. A Gantt chart summarising the programme is available on UKOG’s website www.ukogplc.com. Further details are summarised below. [Please Click Link](https://www.share-talk.com/uk-oil-gas-plc-lonukog-2019-2020-strategy-and-drilling-plans-2/)

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27: Stephen Sanderson, Chief Executive, UK Oil & Gas PLC (LON:UKOG)

Play Episode Listen Later Nov 20, 2018 11:54

On the 15 November 2018, UKOG made a market announcement on the EWT (Extended Well Test) Portland & Kimmeridge Oil Discovery, Horse Hill-1, Weald Basin, UK. Share Talk spoke with Stephen Sanderson today and he explains in more depth the figures, technical released. In Stephen own words "the Kimmeridge zone is alive and kicking" K3 limestone zone has been tested and is commercially viable with the rates we have produced. We are now testing the upper layer in K4 Kimmeridge Limestone Zone. Looking at an average rate of production of 342 barrels per day, with various choke setting used we achieved a maximum rate of 902 barrels a day. The results clearly show this is the best producing well onshore in the UK outside of Wytch Farm well. UKOG is moving away from an exploration company, to production with rates that generate gross £20 million per year and looking to drill more multiple wells that will add further value to UKOG. [Full RNS 15th Nov 2018](https://www.investegate.co.uk/uk-oil---38--gas-plc--ukog-/rns/ewt-update--portland---kimmeridge-oil-discovery/201811150700034007H/)

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20: Paul Vonk, Managing Director at Angus Energy (LON:ANGS)