Latest from the Blog
Oil gained from inventory stats and pleasing data from the EIA on domestic production. BPC have issued a detailed presentation with a first exciting glimpse of life after CERP. With a decent portfolio of high return exploration as well as a developing asset base the shares should have risen, not fallen.
The oil price continues to rise in an unspectacular way. Today's bullish news is that Russia are claiming to have found a vaccine, indeed President Putin has said that his own daughter was one of the first to receive it although the testing programme has been relatively modest so far... Petrofac are remarkably upbeat after what has been a testing first half and confident that going forward they have made substantial, 'structural' cost savings and retain a strong balance sheet and a competitive cost structure in low cost production markets. VOG has appointed Rob Collins, a highly experienced industry player as their new CFO.
Oil continues to slowly go better, this afternoon it is $42 and $45 respectively. DGO has very good interims and show that the model is working well, a rise in the divvi puts them on a 12% yield. PetroTal has had to close down the Bretana field after civil unrest in the camp outside. And Reabold has walked away from Deltic as without some discussions, particularly with regard to West Newton it could not be contemplated for paper.