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Oil price, PetroTal, Gulfsands, Egdon/UJO, CEG, Petrofac. And finally…

26 May 2022|Categories: Daily Blog|Tags: , , , , , |0 Comments

Oil is up today as demand looks stronger than any supply in the future. PetroTal has issued a very upbeat Q1 update which makes me want to increase the TP again. Gulfsands have done a very smart deal in Colombia which might not have been possible a few years ago. Petrofac are slightly cautious about the short term but the long term looks good to me, Egdon has paid off some debts and is making good returns from Wressle particularly, Union Jack gains from being paid back. Finally Challenger has gone on with its Uruguay acreage which is now looking very exciting.

Oil price, Gulf Keystone, Petrofac, Predator, SDX.

25 May 2022|Categories: Daily Blog|Tags: , , , |0 Comments

Oil is still quiet, up just under a dollar this afternoon ahead of the EIA inventory stats. Gulf Keystone announce a $50m special dividend which along with KRG payments bodes well for the shareholders. Petrofac announce a contract with bp's GTA project in Africa and Predator remind us that Mag Mell is crucial to Ireland's energy supply. Finally, SDX has accepted a bid for the company of 10p in shares from Tenaz from Calgary, what has life come to?

Oil price, Angus, Coro, Helium One, Trinity.

24 May 2022|Categories: Daily Blog|Tags: , , , |0 Comments

Oil is actually fairly quiet at the moment, it won't last... Today Angus has announced that it is buying in the 49% of Saltfleetby that it doesnt already own in a smart deal. Coro update the market, Trinity have full year results and Helium One Global are off drilling again...

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Disclaimer: Malcy’s Blog is provided for general information about the international oil and gas industry and the companies that operate within it. It does not constitute investment advice and Malcy does not buy or sell shares, warrants or bonds in any company written about within the blog. Information is taken from publicly available sources and any comment is that of the author who does not take any third party comment in the publication.