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Where To Look For Value This Earnings Season

October 20, 2017 Martin Tillier 0

It’s that time again! A few weeks after the end of each calendar quarter-year, we enter what is known as earnings season, when quarterly results for corporations come thick and fast. As much as we like to kid ourselves that there is some hidden driver of stock prices that only we know, the reality is that they are simply a reflection of the past and expected future profitability of companies, which is what makes this time so important. Big energy companies usually release their results late in the season, which makes now a good time to look…

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Oil Stocks To Watch As Geopolitical Risk Mounts

October 20, 2017 Dan Dicker 0

This week in oil news continue to deliver nothing but ‘green lights’ for investors, and keeps me convinced as I have been for several weeks now that every dip in oil prices – and oil stock prices – is an opportunity to position oneself aggressively for the medium term. One story that added to my bullish attitude has been ongoing skirmishing in Kurdistan. Kurdish Independence has been an ongoing struggle, and the recent ISIS losses have given the Peshmerga renewed room to push back on the centralized Iraqi government and…

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The End Of The Oil Majors?

October 20, 2017 Editorial Dept 0

Friday October 20, 2016 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy sector. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers. Let’s take a look. 1. Oil majors, or gas majors? (Click to enlarge) – Over the past decade, the oil majors have made decisive moves to “gasify” their portfolios. The result is that many of the oil majors are producing nearly as much gas as they are oil. Royal…

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Filmmaker hopes to spread awareness of Balfour legacy in Britain

October 20, 2017 rbksa 0
Author: 
REBECCA SPONG
Sat, 2017-10-21 03:00
ID: 
1508534356852725100

LONDON: As the centenary of the Balfour Declaration approaches, few people in the UK are aware of the implications of the 1917 document for Palestinians today, according to former BBC documentary maker Martin Buckley.
“There is a kind of unawareness in Britain,” said Buckley, at a London screening of the rough cut of a new documentary he directed.
He hopes it will help better inform the British public about the legacy of the 1917 declaration and how it paved the way for the creation of Israel in 1948.
The document — drawn up by the then-foreign secretary Arthur Balfour — declared the UK’s support for the Jewish people to be granted their own ‘national home’. It was welcome news to the growing Zionist movement in Europe.
“One of our inteviewees said that, didn’t she? That the average person on the street in England has no idea what Balfour is, but the average person in the street in the Middle East will have a strong opinion on Balfour,” he said.
He recounted a story about being sat on the tube in London chatting about this film with a colleague when the word ‘Balfour’ caught the attention of at least two Arabs sitting nearby who immediately joined in the debate. “It’s a powerful word for them,” he said.
One of those on the train — a student — was so interested in the event that he even turned up at the screening.
The inspiration for the documentary – which has the current working title of ‘From Balfour to Banksy’ — originally came from Miranda Pinch, a political activist and former social worker.
In the run up to the centenary of the Balfour Declaration on Nov. 2, Pinch saw an opportunity to tell the Palestinian side of the story on how the events that followed that 1917 declaration have affected their lives.
The film also demonstrates how the second part of the declaration, which said that that the rights of the existing non-Jewish communities in Palestine should be protected — has not been fulfilled.
Pinch met Buckley at an event earlier this year and within a couple of weeks the project was in motion.
The documentary was showcased to a small audience on Oct. 19 inevitably already well aware of the implications of Balfour.
Palestinian women; students; a filmmaker from Syria now living in France; a man in a free Gaza T-shirt and keen supporter of the London-based non-profit organization, the Palestine Solidarity Campaign, all made it through the rain to watch the film in North London held in an art gallery displaying pop art from North African artists.
Buckley however wants to get the film’s message out to far more people than this relatively small test audience, not only in the UK but across the world. The final version of the film is expected to be released in early November. He aims to put a version online as well as screened at film festivals.
The film traces the Palestinian story from the declaration of 1917: The UK’s mandate over Palestine; the creation of Israel to the recently installed art installation and hotel created by the UK artist Banksy called the ‘Walled Off Hotel’ – which opened this year in Bethlehem. The hotel rooms feature Banksy art and satirizes British foreign policy and its impact in the Middle East.
Buckley — who presents the documentary — interviews Palestinians in Hebron and the West Bank — all of whom express their frustration with the current Israeli government’s policies and the Jewish settlements in the West Bank as well as the daily restrictions on their movement within the occupied territories.
A young Palestinian student interviewed who studies in the shadow of the huge wall first erected by Israel in 2000 to divide the West Bank from Israel said “we feel like dreams don’t exist anymore.”
Yet, the film aims to be far more than just a historical documentary. “What I wanted from this film is to spend some time with Palestinians and see how they feel about the consequences of the Balfour declaration – not a pompous lecture about the declaration,” he said.
He added that it was important to include the Israeli perspective.
“I interviewed Jewish Israelis who were so keen to say why they thought the Balfour declaration had been a bad thing, and that they felt the Israeli state had become some kind of monster — and if it is going to survive as a state and physically – and those are interlinked — it is going to have to stop saying the British gave us a license to do whatever we wanted in 1917.”
The film currently ends — pending its final edit — with Palestinians calling for people from across the world to come and visit Palestine to meet the people and to learn more about the legacy of Balfour.
One of the woman interviewed in the closing sequence said it was no longer about being pro-Palestine or pro-Israel, but ‘pro-justice’.

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Filmmaker hopes to spread awareness of Balfour legacy in Britain

October 20, 2017 rbksa 0

Author: REBECCA SPONGSat, 2017-10-21 03:00ID: 1508534356852725100LONDON: As the centenary of the Balfour Declaration approaches, few people in the UK are aware of the implications of the 1917 document for Palestinians today, according to form…

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EU sees ‘real chance’ to shut migrant route from Libya

October 20, 2017 rbksa 0
Author: 
AFP
Sat, 2017-10-21 03:00
ID: 
1508534356762724800

BRUSSELS: The EU has pledged more money for Italy’s work with Libya to stem migrant flows to Europe, with Brussels seeing a “real chance” to close the central Mediterranean route.
Italian Prime Minister Paulo Gentiloni has been working with his UN-backed Libyan counterpart Fayez Al-Sarraj to sharply reduce the perilous migrant sea crossings to Italy, the main entry point to the EU.
“Leaders agreed to offer Prime Minister Gentiloni stronger support for Italy’s work with the Libyan authorities,” EU President Donald Tusk said at a summit of the bloc’s 28 leaders in Brussels.
“We have a real chance of closing the central Mediterranean route,” Tusk told a press conference, after officials reported earlier this month that the numbers of migrant departures from Libya have dropped 20 percent so far this year.
The EU sealed a deal with Turkey last year that has slowed to a trickle migrant and asylum seeker flows across the Aegean Sea to Greece, which was the main entry point to Europe at the migration crisis’s peak in 2015.
Tusk said EU heads of government and state decided at the summit to “provide sufficient finances” for north Africa under a two-year-old trust fund set up for economic development.
The pledge comes with an assurance by the European Commission, the bloc’s executive, that “this money is channeled to stem illegal migration,” the former Polish premier said.
Italy has played a major role in training Libya’s coast guard to stop migrant smuggling in its territorial waters while carrying out stop, search and rescue operations on the high seas.
European Commission President Jean-Claude Juncker, standing next to Tusk, again lashed out at EU member countries for having fallen way short of their duty to contribute to the Africa trust fund.
“Member states so far have committed €175 million. This is clearly not enough,” the former Luxembourg prime minister told the press conference.
During a summit with their African counterparts in Malta in November 2015, EU leaders agreed to set up a trust fund underpinned by €1.8 billion =from the common EU budget.
Member states are supposed to match that amount, but Juncker said the commission had increased its share to €2.5 billion, then to 2.9 billion and lately to €3.1 billion to make up part of the shortfall.
“We are reaching our limits,” Juncker added.
More than 1.6 million migrants have entered Europe by sea since 2014 in the biggest such crisis since World War II. More than 13,500 have died on the way.

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EU sees ‘real chance’ to shut migrant route from Libya

October 20, 2017 rbksa 0

Author: AFPSat, 2017-10-21 03:00ID: 1508534356762724800BRUSSELS: The EU has pledged more money for Italy’s work with Libya to stem migrant flows to Europe, with Brussels seeing a “real chance” to close the central Mediterranean route.Italian …

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US drone strike targets Al-Shabab after Somalia carnage

October 20, 2017 rbksa 0
Author: 
The Associated Press
Sat, 2017-10-21 03:00
ID: 
1508534356612724200

MOGADISHU: The US military said on Friday it carried out a drone strike this week against Al-Shabab in Somalia, shortly after the extremist group was blamed for the country’s deadliest attack, while thousands of anguished Somalis gathered at the site of the truck bombing to pray.
“This pain will last for years,” said a sheikh leading the prayers, with long lines of mourners standing in front of flattened or tangled buildings. More than 300 people were killed and nearly 400 wounded in Saturday’s attack, with scores missing.
The US drone strike occurred on Monday about 56 km southwest of the capital, Mogadishu, the US Africa Command said. It said it was still assessing the results.
Al-Shabab has not commented on the bombing, which Somali intelligence officials say was meant to target Mogadishu’s heavily fortified international airport. Several countries have embassies there.
The US has stepped up its military involvement in the Horn of Africa nation since President Donald Trump approved expanded military operations against the group early this year. The US has carried out at least 19 drone strikes in Somalia since January, according to The Bureau of Investigative Journalism, which tracks US drone strikes in a number of countries.
Earlier this week, a Pentagon spokesman said the US has about 400 troops in Somalia and “we’re not going to speculate” about sending more.
In April, the US announced it was sending dozens of regular troops to Somalia in the largest such deployment to the country in roughly two decades. The US said it was for logistics training of Somalia’s army. At the time, the US said about 40 troops were taking part. Weeks later, a US service member was killed during an operation against Al-Shabab.

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US drone strike targets Al-Shabab after Somalia carnage

October 20, 2017 rbksa 0

Author: The Associated PressSat, 2017-10-21 03:00ID: 1508534356612724200MOGADISHU: The US military said on Friday it carried out a drone strike this week against Al-Shabab in Somalia, shortly after the extremist group was blamed for the count…

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Spain urges polls as pressure mounts on Catalan separatists

October 20, 2017 rbksa 0

Author: AFPSat, 2017-10-21 03:00ID: 1508533149912638700MADRID: Spain was preparing Friday to seize powers from Catalonia’s separatist government, pushing for regional elections as a way out of the country’s worst crisis in decades. Prime Mini…

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