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";s:4:"text";s:5178:"Harwood added: “The growth potential of PNG and long-term, high-margin cash flow from Gorgon LNG will form the backbone of ExxonMobil’s Asia Pacific portfolio for the next decade. And at its Investor Day 2020 in March, ExxonMobil reduced its asset sales … Notably, in a bid to address transport constraints and pump out five times more oil from the Permian through 2025, ExxonMobil is investing billions in the basin’s midstream infrastructure. Exxon’s move to sell its Gippsland Basin assets follows a disappointing drilling campaign in the Bass Strait last year in what had been seen as a promising gas prospect, and comes amid plans to drill more wells. Given the strength of its PLEX (Polymer-Lipid Encapsulation matriX) technology, which is a platform that is anchored in the surgical site to provide controlled and continuous delivery of medications, Raymond James thinks that it's time to get in on the action.The company only IPO’d in June, and it has already impressed firm analyst Elliot Wilbur. “When Exxon adds up its total portfolio, the Gippsland Basin is not going to fit the bill,” said David Lennox, a resources analyst at Fat Prophets in Sydney, adding that the move is in line with the company’s plans to extract value from some of its non-core assets. I paid the house off for my parents seven years ago and have paid the taxes each year since then.’. The majors have more than US$70 billion of assets up for sale, so there is clearly no shortage of supply for potential buyers. classification: Human Resources & Recruitment. The stock average price target is $65, implying an upside of 15% from the current share price of $56.24. "To this end, Kumar gives MTSI shares an Overweight (i.e. Nikola Corporation (NASDAQ: NKLA) shares have stabilized somewhat in the past two weeks following a major September swoon.A Hindenburg Research report accusing Nikola of being "an intricate fraud built on dozens of lies" and the resignation of chairman Trevor Milton triggered the sell-off, but Nikola investors may soon face another major hurdle in the stock's lock-up expiration.What Is Lock-Up Expiration? Before it's here, it's on the Bloomberg Terminal. One of the ways companies keep volatility in check during the weeks and months following a new stock's IPO or initial listing is by setting lock-up periods for company insiders.A lock-up period is a period typically ranging from between three months and a year during which insider and institutional investors are restricted from dumping potentially billions of dollars worth of shares into the market.Once the lock-up period expires, however, all bets are off. A sale process for its older oil-producing assets, which BHP joined, wound up in February last year after a buyer failed to materialise. The Australian newspaper reported in June that Exxon’s 50% stake in the assets, which include the Longford Gas Plant, could be worth about $3 billion. Flexible, Stimulating & Rewarding Role for Professional Individual. The company outsources the manufacturing of semiconductor products – in this case, chips designed for voice reproduction and high-end audio systems – that it designs and markets. This discovery may comprise 5-8 trillion cubic feet of natural gas resource. Exxon Mobil Corp. is considering a sale of its oil-producing offshore assets in Malaysia as part of the U.S. energy giant’s global divestiture program. (To watch Novak’s track record, click here)Other analysts don’t beg to differ. Notably, this is the second time ExxonMobil is attempting to shed oil and gas operations in southeast Australia over the past three years. Nikola's lock-up expiration is Nov. 30, and the company has been on the offensive to try to convince investors that its company holds true value and prevent a massive exodus of insider investors once the lock-up period ends.Former hedge fund manager Whitney Tilson is skeptical of the electric truck maker's efforts at last week's virtual Mission Hydrogen conference. That said, the rotation into cyclicals and small-caps has been much more pronounced, with the Russell 2000 surging 8.5% over the same period.Weighing in for Raymond James, strategist Tavis McCour argues the shift into cyclicals and small-caps “provides some evidence of how the market will rotate in the case of a Democratic sweep, with the logic being stronger fiscal support, steeper yield curve and faster cyclical recovery.”McCour points out that “in the background is remarkably sustainable economic data, and the likely positive impact to EPS.” According to the strategist, Atlanta Fed GDPNow, a model used to estimate real GDP, has increased materially since July, with the firm’s analysts continuing to skew towards raising 2020 EPS estimates nearly every week since May. Today, See These 5 Potential Home Runs >>, Want the latest recommendations from Zacks Investment Research? You can see the complete list of today’s Zacks #1 Rank stocks here. Asset for sale The layoffs in Australia come as ExxonMobil is looking to sell its 50% stake in the Bass Strait oil and gas joint venture, which analysts have estimated could fetch up to $3 billion. ";s:7:"keyword";s:25:"exxonmobil australia sale";s:5:"links";s:891:"Hayley Moore Jockey Wikipedia, Nike Mlb Jerseys Yankees, Sydney Business School, University Of Wollongong Ranking, Student Google Account Sign In, The Edge Of The Sea, Adrienne Warren Net Worth, Mem Saab Meaning In English, ";s:7:"expired";i:-1;}