LCMC AGS MONTHLY NEWSLETTER
| June 09, 2021
June 09, 2021
Dear , We are pleased to start this weekly report, our modest contribution to give insights in a format that will likely evolve depending of your needs and suggestions. For the report content, we deliberately started with leaving Macro aside and will select 1 product in the Agri space per week to discuss. We will first give some general comments on fundamentals, then focus on volatility and express our view; ready and happy to talk with you and answer to your questions as accurately as we can. P.....
EARNINGS CALLS
| May 31, 2019
May 31, 2019
With 2019 marking the year of ‘free cash flow’ optimization for producers, this quarter was the first glimpse into how producers were adjusting to stricter CAPEX budgets and changing shareholder expectations around production. The Anadarko Petroleum takeover loomed large over this quarters’ calls with analysts poking around to determine “who’s next?” On a play-by-play basis, negative gas pricing in the Permian made associated gas a focus this quarter and recent announcements from Midcontinent .....
EARNINGS CALLS
| April 02, 2019
Oil and Gas Producers (4Q 2018)
“Organic” and “local” do not belong to the list of words commonly used in E&P earnings calls. Yet, both terms came up this quarter to describe changing attitudes towards supply and demand, respectively. Producers “living within their means” are lowering leveraged CAPEX , focusing on free cash flow, share buybacks, reducing costs and finding capital efficiencies in order to grow organically . And in certain cases – such as the Marcellus – they are also focusing on local demand growth to find .....