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Oil price, Union Jack. And finally…
Oil has bounced, after the JMMC yesterday the meeting warned on member adherence but more significantly the KSA has said it will take on the 'gamblers' in the oil market, if necessary holding an extraordinary meeting to keep the market tight. Union Jack Oil raised £7m in a significantly oversubscribed placing and subscription yesterday which keeps them well funded for a very long time.
Oil price, IGas, Premier, Block.
Oil has rallied for two days now despite mixed messages from the market. In company news IGas is making an interesting move into geothermal heat by taking over GT Energy for shares. Premier are now being forced to speak to other market players which is all they need at the moment. Finally another TR-1 from Block Energy makes one think that the pantomime season isn't far away...He's behind you........
Oil price, DGO, President, Genel, Rockhopper.
Oil continues to drift but news is mixed, the virus vaccine is back into trials and economic data from China is better. Tropical Storm Sally is headed towards shore and the GoM is shutting in but this one may hit refineries more with flooding. DGO has confirmed its super dividend for UK shareholders and President report more operational success in Argentina. Rockhopper remains an interesting geared option on Sea Lion and its arbitration case. Finally, Genel has announced publication of its first comprehensive sustainable report and looks to be well placed and very investible.
Oil price, Union Jack.And finally…
Oil continues to drift tracing the rise in virus numbers worldwide, Tropical Storm Sally is about to become a Cat 2 hurricane as it approaches Louisiana. Union Jack Oil has interims and has been working hard to get its three key developments drill ready and is looking for 'significant progress'.
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.