Japan Petroleum Exploration: Still Gearing Up For Capital Deployments
Portfolio Pulse from
Japan Petroleum Exploration (JAPEX) is reducing its cash reserves by 30% and plans to dispose of 50 billion JPY in long-term investments to focus on productive assets, particularly in Norway and US shale oil.
December 13, 2024 | 1:45 pm
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JAPEX is actively reallocating its capital by reducing cash reserves and disposing of long-term investments to focus on productive assets, particularly in Norway and US shale oil.
JAPEX's decision to reduce cash reserves and dispose of long-term investments indicates a strategic shift towards more productive assets. This move is likely to enhance their operational capabilities and growth prospects, particularly in the US shale oil sector.
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