Duggan FlanakinDirector of Policy Research, Committee For A Constructive Tomorrow … … [Editor’s Note: Those pushing the grand scheme to steal trillions from the public for green eggs and scam now propose to sacrifice Africa on their green altar to corporatism.] It was quite a shock to Africa Energy Chamber Executive Director NJ Ayuk –
Read More...While so-called “activist investors” can sometimes accomplish good things (like the Rice boys in their takeover of EQT last year), it is our observation that most “activist investors” are destructive. A new hedge fund calling itself Engine No. 1 is one such destructive company. The hedge fund, based in San Francisco (which explains a lot)
Read More...Yesterday ExxonMobil released the outlines of its development plan for the next five years. We previously alerted you that Exxon was looking to write down (impair) up to $30 billion of its assets, including (potentially) its assets in the Marcellus/Utica (see ExxonMobil Deciding Fate of XTO Asset Value in 4Q). Indeed it has happened, albeit
Read More...Last week ExxonMobil issued its third-quarter 2020 update, with some relatively big news (for us). The company announced it is currently reviewing and making a decision about whether or not to sell its North American dry gas assets–i.e. XTO Energy. If it sells XTO, it will take a huge write-down in value (assets currently on
Read More...Last year MDN shared with you the rumor that Exxon Mobil was sniffing around Pennsylvania, investigating the prospect of building a multi-billion dollar ethane cracker like the Shell cracker being built near Pittsburgh. Those rumors went on for a while and even included evaluation of the Philadelphia area, not just Pittsburgh. Last week Exxon said
Read More...During this week’s CNN presidential democratic debate, Erin Burnett, a CNN moderator, asked Senator Kamala Harris if she would sue ExxonMobil over the #ExxonKnew controversy. Harris replied quite confidently: “I have sued Exxon Mobil” CNN and The New York Times, among others, have pointed out: Harris, in fact, did not sue ExxonMobil. Continue reading at EID
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