Research Analyst at Jefferies
Joseph Ng is an Analyst at Jefferies with a focus on financial institutions, providing research and coverage for companies such as Laurentian Bank and others in the banking sector. Known for his depth of industry knowledge, Ng delivers rigorous analysis to institutional clients, contributing to Jefferies’ reputation for high-quality sector research. His career includes previous analytical roles that have honed his expertise in financials, and he has established a strong record of professional achievement within the investment research space. Joseph Ng holds relevant industry credentials, though details about specific security licenses or regulatory registrations are not publicly detailed.
Asked about the evolution of drilling costs, expected shale oil production from Rincon de Aranda, and the status of the Rio Neuquen project.
Drilling costs are decreasing due to efficiency gains, with total well costs expected to fall from $15.5M to ~$13M. Rincon de Aranda production is expected to average around 18,000 bpd in Q4. The Rio Neuquen project is still in an early, exploratory pilot phase.