Energy

PJ Garcia: We are bullish on mining, energy, real estate stocks

In an interview with ANC's Business Nightly, ING Investment's PJ Garcia said they like stocks in the mining, energy, and real estate sectors.

For the mining stocks, he said firms with gold and copper are likely to see bullish growth ahead especially when the global economy performs better. He cited as an example Philex Mining, which Metro Pacific Investments Corp, a local unit of Hong Kong-based First Pacific Company Ltd. is raising funds for.

For the energy stocks, he emphasized the long-term growth opportunities for power generation companies amid a potential power supply deficit in the coming years.

And for the real estate stocks, he said the ongoing slowdown in sales is considered a "healthy pause" after the run in pre-Asian crisis real estate prices. He said large property developers have better opportunity to take advantage of the economy's upturn. He said market segments under the sector that will see more growth are the middle market (as Filipinos working overseas buy more) and the low-end (the under-served).

"We are cautiously optimistic [about this sector]. We are slowly accumulating on weakness, especially with the low lending interest rate as catalyst for home buyers," he concluded.

Oil firms warn of rationing if rollback is forced


Nagbabala ang mga kumpanya ng langis na magkaubusan ng diesel at gasolina dahil sa utos ng Pangulo na sapilitang mag-rollback! Posibleng pa nga daw mauwi ito sa pagra-rasyon. Magba-Bandila si Alvin Elchico. Bandila, Martes, Oktubre 27, 2009

 

Solon: Oil firms' blackmail not working

MANILA - It is the oil industry’s own interest to make sure that there will be no supply shortage because of the price freeze, according to House Speaker Prospero Nograles.

Galoc oilfield production halted: Otto Energy

SYDNEY - Output has been halted at Philippines' Galoc oilfield due to problems with loading oil, Otto Energy said on Tuesday.

Oil firms warn price cap has consequences

MANILA - Malacañang yesterday ordered the Energy department to enforce a fuel price ceiling, to which oil companies responded by saying they would take back last week’s significant increases while warning of consequences for consumers.

Oil mixed in Asian trade

SINGAPORE - Oil was mixed in Asian trade Tuesday after it was pulled down overnight by a strengthening US dollar and hopes of easing tensions in crude-rich Nigeria, analysts said.

Some oil firms hesitant to roll back, freeze prices

May mga kumpanya nang nag-rollback ng presyo ng petrolyo. Alinsunod ito sa utos ng Malakanyang na ibalik sa October 15 level ang presyuhan. Pero, may hinaing ang ibang kumpanya! Magba-Bandila si Alvin Elchico. Bandila, Lunes, Oktubre 26, 2009

Iran may give 'part' of low-enriched uranium as per deal: FM

TEHRAN - Iran said on Monday it may deliver abroad "part" of its existing stock of low-enriched uranium to be further processed, in accordance with a deal being brokered by the UN atomic watchdog.