The Benefit of Integrated Asset Modeling and Optimization in Evaluating Production Strategies under various Oil and Gas Price Scenarios

A Model of Canadian Oil and Gas Price Fluctuations: 2012 Update

10.2118/162629-ms ◽

2012 ◽

Author(s):

Michael David Morgan ◽

Donald Mikalson ◽

Leonard Lotar Herchen

Keyword(s):

Oil And Gas ◽

Price Fluctuations ◽

Gas Price

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Impact of oil and gas price shocks on the non-performing loans of banks in an oil and gas-rich economy

International Journal of Bank Marketing ◽

10.1108/ijbm-05-2017-0087 ◽

2018 ◽

Vol 36 (3) ◽

pp. 529-556 ◽

Cited By ~ 11

Author(s):

Abdulazeez Y.H. Saif-Alyousfi ◽

Asish Saha ◽

Rohani Md-Rus

Keyword(s):

Oil And Gas ◽

Price Shocks ◽

Gas Price

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The Effects of Oil and Gas Risk Factors on Malaysian Oil and Gas Stock Returns: Do They Vary?

Energies ◽

10.3390/en13153901 ◽

2020 ◽

Vol 13 (15) ◽

pp. 3901 ◽

Cited By ~ 1

Author(s):

Mohammad Enamul Hoque ◽

Soo-Wah Low ◽

Mohd Azlan Shah Zaidi

Keyword(s):

Risk Factors ◽

Stock Returns ◽

Oil And Gas ◽

Market Value ◽

Negative Effects ◽

Firm Level ◽

Stock Size ◽

Positive Effects ◽

Oil And Gas Firms ◽

Gas Price

This study explores Malaysian oil and gas stocks’ exposure to oil and gas risk factors, paying special attention to subindustry classification, stock size, book-to-market value, and volatility state. The study employs firm-level weekly frequency data of oil and gas firms and several multi-asset pricing models within a GARCH (1,1)-X and Markov-switching framework. The empirical findings reveal that oil price, gas price, and exchange rate exhibit positive effects on the stock returns of all oil and gas sub-industries, but they exhibit negative effects on gas utilities sub-industry stock returns. The empirical findings also reveal that the extent of this effect varies across sub-industry, stock size, book-to-market value, and volatility states. Thus, the findings suggest the existence of asymmetric, heterogeneous, and non-linear exposures.

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Do Oil and Gas Risk Factors Matter in the Malaysian Oil and Gas Industry? A Fama-MacBeth Two Stage Panel Regression Approach

Energies ◽

10.3390/en13051154 ◽

2020 ◽

Vol 13 (5) ◽

pp. 1154 ◽

Cited By ~ 4

Author(s):

Mohmmad Enamul Hoque ◽

Soo Wah Low ◽

Mohd Azlan Shah Zaidi

Keyword(s):

Risk Factors ◽

Exchange Rate ◽

Risk Premium ◽

Oil And Gas ◽

Oil And Gas Industry ◽

Oil Price ◽

Panel Regression ◽

Gas Industry ◽

Systematic Risk Factors ◽

Gas Price

This study examines whether oil and gas risk factors are priced in the returns of Malaysian oil and gas stocks employing asset pricing model with improved version of Fama-MacBeth two-stage panel regression. The findings reveal that oil price risk, gas price risk, and exchange rate risk are priced factors in the returns of oil and gas stocks, alongside market-based risk factors. Oil price, gas price and exchange rate factors are found to be associated with positive risk premium implying that they are systematic risk factors in the Malaysian oil and gas industry. Investors demand compensation for exposure to changes in oil price, gas price and exchange rate, implying that the risk cannot be eliminated through diversification. The risk premium for common systematic risk factors such as market, book-to-market, and momentum factors are found to be negative. The results suggest that in the Malaysian oil and gas industry, momentum driven strategy produces negative returns and investors receive higher returns from investing in growth oriented oil and gas stocks. Our results offer implications for asset pricing and portfolio management.

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The Value of Oil and Gas Price Forecasts

10.2118/107570-ms ◽

2007 ◽

Cited By ~ 1

Author(s):

Christopher J. Jablonowski ◽

Robert Marcus MacAskie

Keyword(s):

Oil And Gas ◽

Gas Price

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International Oil Companies Sustainability after Oil Price decline

Proceedings of the International Conference on Business Excellence ◽

10.1515/picbe-2017-0017 ◽

2017 ◽

Vol 11 (1) ◽

pp. 157-167

Author(s):

Adrian D. Tantau ◽

Mohammadreza Khorshidi ◽

Ali Asghar Sadeghi Mojarad

Keyword(s):

Business Models ◽

Oil And Gas ◽

Oil And Gas Industry ◽

Green Energy ◽

Gas Industry ◽

Oil Companies ◽

Market Situation ◽

Important Challenge ◽

Gas Price ◽

Sustainability Report

Abstract International Oil Companies (IOC’s) had been playing a major role in oil industry at the beginning of 20th century. They had many volatility during last century and faced with many obstacles which forced them to change their business models and improve their outcome to satisfy their shareholders. One of the most important challenges was oil nationalization in oil producer countries which were happened by establishment of NOCs. Later green energy issue which came from CO2 emission problem happened and recently, oil and gas price diminish challenges, involve all IOCs with the most important challenge in last century after all. Among all those events, one of the most important key values which have been observed by IPIECA, API and IOGP associations every year is Sustainability. The objectives of the research are study all issues and indicators of sustainability in IOCs. Each indicator has faced with different strategy via IOCs in different market situation. The importance of this key value cause that it is observed by some important association like IPIECA, API and IOGP each year. As the scarcity of related references for business model in oil and gas industry, literature review of some resources and annual sustainability report followed by a questionnaire as a survey are also selected methods for recent major challenges to achieve required result.

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