Blog Archive2020-01-25T16:35:11+00:00

Blog archive

Oil price, Genel, Coro, Savannah – And finally…

Oil is about the Coronavirus, now in the UK, I also look at Genel who are getting back to normality of payments from the KRG. Coro has walked away from the Bulu PSC deal after time continued to pass, there are better deals around at the moment and Savannah Petroleum have stepped up in Nigeria as Accugas cuts a deal with FIPL.

31 January 2020|Categories: Daily Blog|Tags: , , |2 Comments

Oil price, Predator/CERP, JOG, DGO – And finally…

Oil and equities remain subdued whilst the population stays at home, literally. Predator and Columbus have successfully injected CO2 in Trinidad which could be most exciting for the future. JOG are doing a great job at the Greater Buchan Area having acquired Equinor's interest fora modest sum. They are putting a great team together here. DGO are trading in line with market expectations ahead of results in March.

Oil price, Columbus, Getech, Onshore sundry Egdon, Union Jack, IGas – And finally…

A poor week for oil as the Corona virus has the potential to hit growth which was just starting to show signs of green shoots. Today I look at Columbus where the statement has confused the market but signs are that the management is a touch more positive. Getech has also at first sight disappointed but its not all bad news, costs are down and margins are holding at 47%. Finally for UK onshore a number of pieces of good news have excited a number of stocks.

Oil price, Trinity, Echo, Far, President, Touchstone, Lamprell – And finally…

Oil has rallied for a number of reasons but Libya is getting pretty lively. Trinity have, as usual a very positive update across the board while Echo also seems to be becoming interesting at the Santa Cruz Sur. Far has gone ahead with its FID for Senegal and is now sorting out the financing which seems nearly all done. President has tapped Trafigura who are injecting money into this well run company and Lamprell confirms the two jackup orders. Finally Touchstone testing an oil play now have a 'liquids rich' structure.

Oil price, Genel, Lamprell – And finally…

Oil is unchanged after a flurry of reports and an unforgiving inventory report which whilst showing a decent crude draw also saw products rising. Today Genel updated the market, the company looks in a very strong position enjoying the delivery of projects funded by recent strong Free Cash Flow and yet being able to guaranty more capex and higher dividends. And Lamprell also updated the market in a slightly less inspiring manner...

16 January 2020|Categories: Daily Blog|Tags: , |0 Comments