|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||5.01 - 5.01|
|52 Week Range||5.00 - 7.50|
|Beta (5Y Monthly)||0.90|
|PE Ratio (TTM)||7.06|
|Forward Dividend & Yield||0.06 (1.15%)|
|Ex-Dividend Date||Sep 29, 2020|
|1y Target Est||N/A|
State-owned Thai oil and gas company PTT PCL said on Wednesday its U.S. unit took a step forward on its proposed chemical plant in Ohio that will turn ethane into plastics with an ethane supply agreement with Range Resources Corp. Under the agreement, U.S. oil and gas producer Range will provide 15,000 barrels per day (bpd) of ethane as feedstock for PTT Global Chemical America's (PTTGCA) planned ethane cracker along the Ohio River in Belmont County. PTTGCA said the agreement with Range is predicated on its reaching a final investment decision to build the facility.
Moody's Investors Service has assigned a (P)Baa1 senior unsecured rating to the proposed USD2 billion global medium-term note (MTN) program established by PTT Public Company Limited (PTT, Baa1 stable) and its subsidiary PTT Treasury Center Company Limited (PTT TCC). Any issuance under the program by PTT TCC will be unconditionally and irrevocably guaranteed by PTT.
A Trump administration report released on Tuesday touted a strong future for petrochemicals and coal in the U.S. region of Appalachia, despite concerns that supply gluts, waning demand and potential environmental regulation could limit growth in the industries. "There are tremendous opportunities on the horizon for Appalachia because of the shale gas revolution and the region’s abundant coal reserves," Mark Menezes, the U.S. under secretary of energy, told reporters in a call about the report called "The Appalachian Energy and Petrochemical Renaissance." The administration of President Donald Trump has pursued a policy of boosting fossil fuel production while slashing environmental regulations.