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Hindustan Petroleum Corporation Ltd (HPCL) saw its stock fall around 4–5% after reporting a Q1 FY27 consolidated net loss of about ₹12,265 crore, as elevated crude prices and weak marketing margins weighed on profitability amid West Asia tensions. Brokers volley mixed views on the stock, with Nomura Neutral and Macquarie bullish over a potential trough-quarter recovery, while Jefferies remains cautious about near-term earnings and valuations relative to peers.
Valeura Energy has announced a revolving and expandable credit facility of up to US$75 million, with an accordion option to US$325 million, backed by a syndicate including ICBC Standard Bank, Macquarie, Trafigura, and UOB, aimed at funding value-enhancing acquisitions. With roughly US$320 million cash on hand, total liquidity would reach about US$645 million, and the three-year facility carries a 4% margin over SOFR on drawn amounts and no mandatory repayments in the first two years, subject to lender conditions.
