Private Equity into Iraq: A New Definition of Risk Management?
May 7th, 2008
Via Reuters, a recent report that influential emerging markets fund manager Mark Mobius said on Friday that he was in talks for private equity investments in Iraq. As noted in the article: “We are looking at private equity in Iraq and are meeting with representatives in Iraq. There are smaller companies in manufacturing, the services […]
Read more »Frontier Funds
March 11th, 2008
As recently reported by The Financial Times, the subprime-driven credit crisis is causing some people to look at frontier markets for unconventional, uncorrelated returns. As the article notes: “…Godvig Capital Management’s Babylon Fund, which aims to profit from the rehabilitation of Iraq, is one of a growing band of ‘frontier funds’ which seek returns in […]
Read more »Russia Moves On The Caspian; Back to Iraq As Well?
January 21st, 2008
As neatly reported by Energy Daily, Russia is moving swiftly to develop projects in its own self-defined sector of the Caspian Sea. Russia’s move offshore means it is now joining post-Soviet republics Azerbaijan, Kazakhstan and Turkmenistan in developing their claimed national sectors of the Caspian, leaving only Iran – stymied by U.S. trade sanctions barring […]
Read more »Off The Map In Africa – Balancing Political Risk With Geological Risk
January 11th, 2008
Going to take a break from discussions of supermajors and the New Seven Sisters for one post to highlight an interesting article from Canada’s Globe and Mail introducing a small Toronto Stock Exchange-listed company, Addax Petroleum — Canada’s fifth-largest offshore oil producer (it has no domestic Canadian production), the biggest independent producer in Nigeria and […]
Read more »Turkish Investment in Iranian Natural Gas
September 6th, 2007
Thanks to STRATFOR (link to site only; article requires a subscription), I noted Turkish Petroleum Corporation’s (TPAO) announcement that it is pressing ahead with plans to invest $3.5 billion in Iran’s South Pars natural gas field and hopes to sign further agreements in the first quarter of 2008. The project entails developing the field to […]
Read more »Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.