African Oil And Gas Popular In Europe After Phaseout Of Russian Energy

Sunday, 26 March 2023, 00:00:00
During a visit to Algeria earlier this month, the European Union”s foreign policy chief, Josep Borrell, called for closer energy cooperation between the EU and the North African country, which happens to be the largest natural gas exporter on the continent. To the east of Algeria, in Libya, oilfield major Halliburton and Honeywell International are in talks with the National Oil Company to develop an oil field and build a refinery in the war-torn country. The talks concern deals worth $1.4 billion, according to NOC”s chairman who spoke to the Wall
— OilPrice com

MSCI review: HAL, Ashok Leyland to be added to India Standard Index; shares rise

Friday, 24 March 2023, 07:20:53
Both Ashok Leyland and Hindustan Aeronautics qualify on size and liquidity criteria till 23 March, 2023, brokerage Emkay said in a note
— Livemint

Stocks to Watch: RVNL, BEL, HAL, Campus Activewear, Vedanta, PNB, IT cos

Friday, 24 March 2023, 03:25:00
Stocks to Watch: IT stocks may remain in focus as Accenture reported a revenue of $15.81 bn in Q2, beating its guidance of $15.2-15.75 bn. The giant also announced it will lay off 19,000 employees
— Business Standard

HAL offer looks good for retail investors; 15-20% gains likely

Friday, 24 March 2023, 01:28:15
Mumbai: Retail investors could subscribe to the offer for sale (OFS) of Hindustan Aeronautics (HAL) for an upside of 15-20% in a year as the company”s near-term outlook looks bright due to stable margins and sustained double-digit earnings growth.The government is selling up to 3.5% stake in HAL through an OFS to raise around ₹2,867 crore. The government has set a floor price of ₹2,450 a share. The OFS will be open for retail investors on Friday, March 24. About 10% of the offer size is reserved for retail investors, subject to the receipt of valid bids.With a strong return on equity (ROE) track record of over 25% in the past three years, the stock is currently trading at 16.23 times one-year forward PE. The company has been maintaining a healthy dividend payout of 32%.HAL has a healthy order book position of ₹8,4000 crore, which is 3.2 times its trailing 12-month revenues. It has large-scale orders to make aircraft and helicopters.98954649″The kind of order book that HAL has, our sense is that this is one company which is going to play a very important and a crucial role as far as Make-in-India is concerned,” said Gaurang Shah, senior vice president, Geojit Financial Services. “We continue to maintain a buy with a long-term point of view keeping in mind the foreign direct investment in defence.”The non-retail portion of HAL OFS opened on Thursday and was subscribed 3.74 times with an indicative price of ₹2,468.98.
— Economic Times India

Halliburton, Honeywell poised to sign new energy deals in Libya – WSJ (NYSE:HAL)

Thursday, 23 March 2023, 12:25:34
Halliburton (HAL) is expected to soon sign a $1B agreement with Libya”s state-owned National Oil Corp to rebuild the al-Dhara oil field
— Seeking Alpha