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Nigeria's oil recovery target sounds too good to be true

At the end of last week, Nigeria's oil minister announced that the country is increasing oil production and has set a target to meet OPEC quota by August. The obvious question is why wait until Nigeria's production has dropped over 1mbpd lower than i...
Tellimer Research Janet
Janet Ogunkoya @ Tellimer Research 28 June 2022
Nigeria's oil recovery target sounds too good to be true
Nigeria's oil recovery target sounds too good to be true

Daily Credit Briefing

Top Credit Stories Telecom Italia (TITIM) - To receive state-backed loan guarantee Volkswagen (VW) - Reportedly close to selling minority stake in Electrify America for more than USD 2bn  
UniCredit Sven
Sven Kreitmair @ UniCredit 28 June 2022

Saudi Aramco: Initiation – The seven wonders of the world's largest oil producer

We initiate coverage on Saudi Aramco with a Neutral rating and a PT of SAR38.5. The stock is trading at 2022f P/E of 14.2x vs the peers group average of 8.3x, which we believe is justified due to the sustainability of cash flows through different oil...
SNB Capital Iyad
Iyad Khalid Ghulam @ SNB Capital 27 June 2022

HY & Xover Update - NDXGR, TITIM

Nordex: Announcement of capital increase to help shore up near-term liquidity is credit positiveHold the NDXGR 6.5% 2/23 trading at 94.4/95.1. Telecom Italia: Meeting planned with EU regulatorSell TITIM bonds.
UniCredit Sven
Sven Kreitmair @ UniCredit 27 June 2022

Daily Credit Briefing

Top Credit Stories Intesa Sanpaolo (ISPIM) - ECB approves share buyback Telecom Italia (TITIM) - Meeting planned with EU regulator Utilities - Coverage termination  
UniCredit Michael
Michael Teig @ UniCredit 27 June 2022

Thailand: Energy - 3Q22 playbook—Upstream E&P... a safer selection

Further demand improvement expected for 3Q22. Supply tightness to continue boosting oil prices in 3Q22. Demand growth amid tight supply to boost 3Q22 GRM YoY.
Bualuang Securities Suppata
Suppata Srisuk @ Bualuang Securities 24 June 2022