Get intel on the boss's attacks and strategies to defeat it.

UFC 249 delivered plenty of action, but it also provided plenty of new questions, such as will Henry Cejudo really retire? Our experts debate.

The experienced midfielder believes they can clinch the title right under the noses of favourites Amakhosi and Masandawana

Tune into our new show Fox League Live on Channel 502 Monday to Friday at 6.30pm and on Saturday at 3pm and Sunday at 5pm.

Sebastian Vettel said he was simply outpaced by his Red Bull team-mate Mark Webber at the Monaco Grand Prix

With exams being round the corner, it seems everyone, right from kids and mothers to teachers and schools are undergoi

Having won Grammy awards in 2009 for Best Dance Recording
monster isport headphones with the song “Poker Face” and Best Electronic/Dance Album for The Fame, Lady Gaga bagged a total of 6 Grammy...

Qantas and University of Sydney fatigue specialists from the Charles Perkins Centre have released their findings into how passengers cope with long, overseas flights.

The rankings were put together by data consultant company OAG which monitors global flights that arrive and depart within 15 minutes of their allocated time frame.

Essex cancer patient Archie Wilks, four, (right) was allowed outdoors for a family walk after testing negative for coronavirus. He walked through fields with his twin brother Henry (left) and parents.

The centre-back has produced some impressive performances for the Championship side and was recommended to United by club legend Ryan Giggs, who has coached Rodon for Wales.

This summer I spent 24 hours in hiding with my three-year-old son Thomas*, terrified that his father Sebastian Swamy would come for us.

Any concerns that the disagreement between Mohamed Salah and Sadio Mane could develop into a long-running feud were swatted aside as Liverpool won 3-1 against Newcastle.  

TALK OF THE TOWN: The Don't Start Now singer says she has come 'completely off' Twitter to take one route of attack away from the keyboard warriors.

The vote was held on Ligue 1's official Twitter account, with Drogba receiving 51 per cent of the 40,094 votes that were cast.

The centre-back has produced some impressive performances for the Championship side and was recommended to United by club legend Ryan Giggs, who has coached Rodon for Wales.

Archives, Room Use Only - TK151.B43 1901

From making 'COVIDIOTS' (a term coined for those flouting restrictions) squat on the road and do sit-ups, to making them pose with pamphlets admitting their fault, police officials have pulled out all the stops from their kitty of creativity to drive home the message.

Compared to using promises directly, not only can async and await make code more readable for developers — they enable some interesting optimizations in JavaScript engines, too! This write-up is about one such optimization involving stack traces for asynchronous code.

Quantum beats in fluorescence decay from Zeeman-split magnetic sublevels have been measured for helium Rydberg states excited by synchrotron radiation. The Zeeman quantum beats observed in this prototypical case were fitted with an equation from a theoretical formulation. It is proposed that Zeeman quantum beat measurement can be a useful way to simply evaluate the polarization characteristics of extreme ultraviolet light.

BEATRIX, is a new tool for performing data analysis of energy-resolved neutron-imaging experiments involving intense fitting procedures of multi-channel spectra. The use of BEATRIX is illustrated for a test specimen, providing spatially resolved 2D maps for residual strains and Bragg edge heights.

A team of scientists have found that because of this, high summer temperatures have been a strong influence in determining bill size in some birds, particularly species of sparrows that favor salt marshes.

The post It’s no sweat for salt marsh sparrows to beat the heat if they have a larger bill appeared first on Smithsonian Insider.

A newly-discovered species of ant supports a controversial theory of species formation. The ant, known to live only under a single eucalyptus tree on the […]

The post Deadbeat ant species branched off as parasite inside its own colony appeared first on Smithsonian Insider.

In many ways stars are like living beings. They’re born; they live; they die. And they even have a heartbeat. Using a novel technique, astronomers […]

The post DISCOVERY MEASURES “HEARTBEATS” OF A DISTANT GALAXY’S STARS appeared first on Smithsonian Insider.

When the heat and humidity of the Washington, D.C. summer sends its residents scrambling for air conditioning and iced coffee, the animal care specialists at […]

The post How do National Zoo animals beat the heat? Bloodsicles and other frozen delicacies appeared first on Smithsonian Insider.

Source: Streetwise Reports   05/07/2020

In a May 5 research note, analyst John Freeman reported that Raymond James increased its target price on Parsley Energy, Inc. (PE:NYSE) after it posted its Q1/20 numbers.

Raymond James' new target price on Parsley is $12 per share, up from $11. The Texas-based energy company's stock is trading now at about $9.38 per share.

Freeman reviewed and commented on Parsley's Q1/20 results. The company "delivered modest EBITDA and earnings per share beats relative to the Street" due to oil pricing," Freeman pointed out.

Production was relatively in line at 126,600,000 barrels of oil per day (126.6 MMbbl/d), which was 1% higher than consensus' forecast but 1% below Raymond James' estimate. Total production was 1% above the Street's projection but 3% below Raymond James' forecast.

"The performance on the quarter was encouraging, however, the highlight from earnings was the significant reduction in 2020 capex (down from about $1 billion to less than $700 million)," Freeman commented.

Capex, "a welcome surprise," Freeman wrote, came in 5% and 7% lower than the investment bank and the Street's estimates, respectively. Opex was 3% under Raymond James' projection

Moreover, Parsley's related maintenance capital needs were greatly below expectations as well, indicating that Parsley made capital efficiency gains during the period.

"We were pleasantly surprised that Parsley is able to maintain in line Q4/20 oil volumes (about 115 MMbbl/d) on a capital program that's about $300 million/30% below the Street," added Freeman.

Looking forward, Raymond James modeled a base case, or stable scenario for Parsley, that implies a West Texas Intermediate oil price of about $30 a barrel and Parsley having four to five rigs and one to two crews operating. In that scenario, Parsley would produce about 117 MMbbl/d in 2020 and 115 MMbbl/d in 2021.

Capex would amount to about $678 million in 2020, dropping to $598 million in 2021.

Free cash flow would be about $300 million in 2020, which coincides with Parsley's guidance of $300M plus, and increasing to $370 million in 2021.

Raymond James has an Outperform rating on Parsley Energy.

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Disclosures from Raymond James, Parsley Energy Inc, May 5, 2020

ANALYST INFORMATION

Analysts Holdings and Compensation: Equity analysts and their staffs at Raymond James are compensated based on a salary and bonus system. Several factors enter into the bonus determination, including quality and performance of research product, the analyst's success in rating stocks versus an industry index, and support effectiveness to trading and the retail and institutional sales forces. Other factors may include but are not limited to: overall ratings from internal (other than investment banking) or external parties and the general productivity and revenue generated in covered stocks.

The analyst John Freeman, primarily responsible for the preparation of this research report, attests to the following: (1) that the views and opinions rendered in this research report reflect his or her personal views about the subject companies or issuers and (2) that no part of the research analyst's compensation was, is, or will be directly or indirectly related to the specific recommendations or views in this research report. In addition, said analyst(s) has not received compensation from any subject company in the last 12 months.

RAYMOND JAMES RELATIONSHIP DISCLOSURES
Certain affiliates of the RJ Group expect to receive or intend to seek compensation for investment banking services from all companies under research coverage within the next three months.

Raymond James & Associates, Inc. makes a market in the shares of Parsley Energy, Inc.

Additional Risk and Disclosure information, as well as more information on the Raymond James rating system and suitability categories, is available here.