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Jun 5, 2015
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Vodafone talks raise more questions than answers

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

It is good to talk. And Vodafone is right to open formal, if non-committal, lines of communication with Liberty Global. The $100 billion UK mobile giant says it is discussing asset swaps with Europe’s leading cable group. Vodafone shares fell 2 percent in morning trading, suggesting disappointment among investors who’d thought a merger was on the cards. Smaller scale M&A is probably the right way forward but it could get complicated.

Jun 1, 2015
via Breakingviews

Why $65 per barrel oil looks like a ceiling, not a floor

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Additional reporting and writing by Kevin Allison. The authors are Reuters Breakingviews  columnists. The opinions expressed are their own.

Big Oil is too confident about crude prices. After a 40 percent rally from January’s six-year low, the momentum has been on the upside. But the current prices – $65 a barrel for Brent and $60 for WTI – look more like a ceiling than a floor.

Jun 1, 2015
via Breakingviews

Why $65 per barrel oil looks like a ceiling, not a floor

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Additional reporting and writing by Kevin Allison. The authors are Reuters Breakingviews  columnists. The opinions expressed are their own.

Big Oil is too confident about crude prices. After a 40 percent rally from January’s six-year low, the momentum has been on the upside. But the current prices – $65 a barrel for Brent and $60 for WTI – look more like a ceiling than a floor.

May 20, 2015
via Breakingviews

Altice’s $9 bln U.S. foray shows controlled ambition

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

French cable king Patrick Drahi is showing controlled ambition by extending his 28 billion euro ($32.4 billion) telecom empire stateside. Altice is buying 70 percent of U.S. cable firm Suddenlink from its private equity owners, valuing the company at $9.1 billion including debt, or 10.1 times last year’s EBITDA. The move is more considered than it might look.

May 20, 2015
via Breakingviews

Altice’s $9 bln U.S. foray shows controlled ambition

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

French cable king Patrick Drahi is showing controlled ambition by extending his 28 billion euro ($32.4 billion) telecom empire stateside. Altice is buying 70 percent of U.S. cable firm Suddenlink from its private equity owners, valuing the company at $9.1 billion including debt, or 10.1 times last year’s EBITDA. The move is more considered than it might look.

May 7, 2015
via Breakingviews

ECB’s bank board-crashing makes sense – to a point

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

The European Central Bank plans to crash bank boardrooms across Europe. The euro zone’s financial stability gnomes will observe meetings. As part of the effort to foresee banking sector trouble, this makes sense – at least to a point.

May 7, 2015
via Breakingviews

ECB’s bank board-crashing makes sense – to a point

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

The European Central Bank plans to crash bank boardrooms across Europe. The euro zone’s financial stability gnomes will observe meetings. As part of the effort to foresee banking sector trouble, this makes sense – at least to a point.

Apr 28, 2015
via Breakingviews

BP and Total find downstream respite

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

The steep descent of the oil price isn’t all bad for the big integrated oil companies. Strong results from refining and marketing limited the fall in profit at both BP and Total in 2015’s first quarter. With the price of a barrel of Brent crude down 50 percent from the previous year, these gains are welcome. But they may not be sustained.

Apr 28, 2015
via Breakingviews

BP and Total find downstream respite

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

The steep descent of the oil price isn’t all bad for the big integrated oil companies. Strong results from refining and marketing limited the fall in profit at both BP and Total in 2015’s first quarter. With the price of a barrel of Brent crude down 50 percent from the previous year, these gains are welcome. But they may not be sustained.

Apr 8, 2015
via Breakingviews

Shell could win from bold $70 bln swoop on BG

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own. 

Royal Dutch Shell sat out previous waves of energy consolidation. Now the Anglo-Dutch major has struck the first megadeal of the latest oil rout. Paying $70 billion for smaller, gas-focused rival BG looks like a smart and opportunistic way to boost growth.

    • About Fiona

      "Fiona Maharg-Bravo is breakingviews´ Madrid correspondent. Fiona joined breakingviews in 2003 in London, covering media, transport, energy and Spain. Previously she spent a few months at the Financial Times as winner of the 2002 Nico Colchester Fellowship. Before becoming a journalist, Fiona worked nearly five years in banking, first at JP Morgan in equity capital markets and leveraged finance groups and then at the European Bank for Reconstruction and Development. She gained a BA/MA (Phi Beta Kappa) from the University of Chicago in Political Science and International Relations and a Diploma in Economics from Cambridge University."
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