Are Oilfield Service Companies A Buy?

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Last week, we presented a bear case for the energy sector based on the premise that oil and gas stocks could be in danger of overheating. Energy is the 4th most expensive sector going by Shiller’s P/E, and also looks overvalued compared to gold prices. It’s a sentiment that has also been gaining momentum across Wall Street.  “Energy traders are confident this…

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Germany, Austria revert to coal amid gas supply cuts by Russia

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Germany and Austria announced emergency measures on Sunday to ensure their energy needs after a drop in Russian gas supplies, including reverting to coal in what Berlin called a “bitter but indispensable” step. “To reduce gas consumption, less gas must be used to generate electricity. Coal-fired power plants will have to be used more instead,” the German economy ministry said…

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PAKISTAN HIGH TECH COMPANIES VOW TO STRENGTHEN NATIONAL DEFENCE

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Pakistan High tech sector is committed to upholding the highest level of defense preparedness”, was stated by Dr. Haroon Qureshi, President of Pakistan Aerospace Council in his speech at a dinner hosted in honour of Air Marshal Shahid Hamid (Retd) and Air Marshal Arshad Malik (Retd) for their lifetime achievements and services to Pakistan Aerospace & Defence Sector. Air Marshal…

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Italy’s Eni joins giant Qatar gas project

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Italian company Eni on Sunday joined Qatar Energy’s $28.75b project to expand production from the world’s biggest natural gas field, days after Russia slashed supplies to Italy. Eni will own a stake of just over 3pc in the North Field East project, Qatar Energy’s CEO told a signing ceremony in Doha. Qatar announced last week that France’s TotalEnergies will be…

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Capital needs sewage treatment plant to protect ecology

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Once known for its scenic beauty, habitat and natural streams, the federal capital has been fast losing its elegance due to unruly population and housing societies growth threatening its ecosystem and serenity. Its natural streams flowing out of perennial and seasonal springs of the Margalla Hills have turned into filthy and stinky drains as city manager had failed to put…

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Govt to install solar water plants in Cholistan: Hamza

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Chief Minister Punjab Hamza Shahbaz on Saturday presided over a meeting for a proposed programme to install solar water plants in the remote areas of Cholistan. Commissioner Bahawalpur division gave a briefing with regard to installing solar water plants in Cholistan. The proposed project is believed to increase rain In Cholistan by means of latest technology was also reviewed. The…

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