We need to remain disciplined, but retain the flexibility to take advantage of the expected recovery. We are starting to see gains from our efforts on emissions and are renewing our medium term ESG and Energy Transition targets.
Through the alliance, Medco Power and Kansai Electric will work together under a jointly owned platform to develop and operate existing and new gas-fired power plants and expand their operation and maintenance business in Indonesia.
Kansai Electric is one of the largest Japanese power companies with a presence in 13 countries across Asia, Europe and USA with a total generation capacity of However, despite these difficult times we have progressed our strategy along multiple fronts. This year we have had exploration success in both Natuna and Ijen, signed a Strategic Alliance with a strong partner in Kansai Electric, strengthened our balance sheet with a well-supported and successful rights issue and invested cost savings and synergies into debt buy backs and repayments.
Now, as we approach the year-end, commodity prices are recovering and AMNT has returned to profit with first production from phase 7 capitalizing on rising copper and gold prices. Following reduced near term energy demand revised guidance is as follows:. With the Kansai Electric alliance, exploration success and AMNT now returning to profit it is pleasing to see Medco emerging from this difficult time as a stronger company.
About MedcoEnergi. Develop energy resource into a profitable investment portfolio. Our Operations. Expertise in operating mature oil and gas fields both in Indonesia and overseas. We welcome you to join our team and grow with us! Find materials information of MedcoEnergi to keep you updated. ESG and Energy Transition. Commitment to Invest in a Sustainable Future. Sustainability Report Weathering The Storm This Sustainability Report provides an update of our sustainability journey and the successes and shortcomings in meeting current global sustainability challenges while continuing our focus on our long-term sustainability goals.
It depends on the perspective we adopt. Given all the hawkish signals sent by the Fed and all the talk about tapering of quantitative easing and the upcoming tightening cycle , even a small increase is an admirable achievement.
We can also look at it differently. Indeed, as you can see in the chart below, the greenback strengthened significantly in November, and real interest rates rallied for a while. Inflation worries increase demand for gold as an inflation hedge , supporting gold, but they also create expectations for a more hawkish Fed, hitting the yellow metal. It seems that the upcoming days will be crucial for gold. My bet is that inflation will stay elevated or that it could actually intensify further.
In any case, the persistence of high inflation could trigger some worries and boost the safe-haven demand for gold. Given the persistence of inflation, the Fed is likely to turn more hawkish and accelerate the pace of tapering. Not today! Indeed, the chart below shows that theory and practice are not the same.
Inflation is likely to increase further next year; so, the US central bank, which is terribly behind the curve, could be forced to tighten its monetary policy even more. Thus, although my worries about this FOMC meeting turned out to be unnecessary, they could materialize later. In order to enjoy our gold analyses in their full scope, we invite you to subscribe today.
Sign up today! Updated on Dec 16, , am. Sign in. Log into your account. Privacy Policy. Sign up. Password recovery. In the Bible reading, we have heard the wonderful story of the falling of the walls of Jericho. We will talk now about your wall of Jericho: the wall separating you from success.
Nearly everyone has built a wall around his own Jericho. This city you are not able to enter, contains great treasures; your divinely designed success, your heart's desire! What kind of wall have you built around your Jericho?
Often, it is a wall of resentment—resenting someone, or resenting a situation, shuts off your good. If you are a failure and resent the success of someone else, you are keeping away your own success. A woman was filled with envy because a friend had received a gift, she made this statement, and an exact duplicate of the gift was given her—plus another present.
It was when the children of Israel shouted, that the walls of Jericho fell down. When you make an affirmation of Truth, your wall of Jericho totters. I gave the following statement to a woman: The walls of lack and delay now crumble away, and I enter my Promised Land, under grace. She had a vivid picture of stepping over a fallen wall, and received the demonstration of her good, almost immediately.
It is the word of realization which brings about a change in your affairs; for words and thoughts are a form of radio-activity.
0コメント