{SPAC}BUSINESS FORECASTING

Oil crash sinks $545bn in projects

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Original article by Barry FitzGerald
The Australian – Page: 17 : 15-Jan-16

Data from Wood Mackenzie shows that the downturn in the crude oil price has prompted some $US380bn ($A545bn) worth of new oil and gas projects to be put on hold. Tom Ellacott of Wood Mackenzie expects this trend to continue. The oil price is trading at around $US30 per barrel, and the continued price weakness put further downward pressure on the share prices of Australian oil and gas producers on 14 January 2016.

CORPORATES
WOOD MACKENZIE,{SPAC}SANTOS LIMITED – ASX STO,{SPAC}ORIGIN ENERGY LIMITED – ASX ORG,{SPAC}WOODSIDE PETROLEUM LIMITED – ASX WPL,{SPAC}OIL SEARCH LIMITED – ASX OSH

Citi chooses BHP as preferred big miner

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Original article by Peter Ker
The Australian Financial Review – Page: 21 : 15-Jan-16

Citigroup is upbeat about BHP Billiton, issuing a "buy" rating on the stock and a share price target of $A18. The investment bank has also indicated that it now prefers BHP over rival mining giant Rio Tinto, citing factors such as BHP’s significant underperformance during the last six months and the outlook for iron ore. Citigroup expects the price of the steel input to average $US35 per tonne over the next several years.

CORPORATES
BHP BILLITON LIMITED – ASX BHP,{SPAC}RIO TINTO LIMITED – ASX RIO,{SPAC}CITIGROUP PTY LTD,{SPAC}FORTESCUE METALS GROUP LIMITED – ASX FMG,{SPAC}SANTOS LIMITED – ASX STO,{SPAC}WOODSIDE PETROLEUM LIMITED – ASX WPL,{SPAC}BEACH ENERGY LIMITED – ASX BPT

Analysts turn bullish on outlook for coking coal

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Original article by Barry FitzGerald
The Australian – Page: 20 : 12-Sep-14

The price of coking coal has shed 24 per cent so far in 2014, with the spot price falling to $US113.50 per tonne. Citigroup is upbeat about the outlook for coking coal, forecasting that it will rebound to around $US143/tonne in 2015 and $US152/tonne in the following year. The firm cites factors such as rising demand for steel in China and cutbacks in coking coal output in 2014

CORPORATES
CITIGROUP PTY LTD,{SPAC}TIGERS REALM COAL LIMITED – ASX TIG