Oil price, Touchstone, Echo, Savannah, Europa. And finally…

Oil fell yesterday after the Russians said that Opec doesn't need to cut any further at next week's meeting. Touchstone has topped up its debt facility ahead of Cascadura and testing at Royston, Savannah comment on COTCo and Echo confirm sale of most of Santa Cruz Sur. And I note that EOG is having a shareholder meeting on the 8th June.

Oil price, Kistos, Southern, GKP. And finally…

Oil is solid ahead of further default talks and Chevron have made a classic acquisition of PDC Energy. Kistos have completed the Mime deal and it looks better than ever....Southern Energy have done a deal of their own and it looks highly accretive as well. And GKP have blinked first and canceled the latest dividend.

2023-05-23T17:50:43+01:0023 May 2023|Categories: Daily Blog|Tags: , , |2 Comments

Oil price, DEC, Petrofac, UOG, EDR, UJO, EOG. And finally…

A good day for crude as talks at the White House progress. DEC have had their debt redetermination approved and Petrofac has won another $1bn of work in Algeria. UOG have extended the long stop date for the Quattro deal, again and I talk to the interests close to the Egdon deal yesterday.

Oil price, Arrow, Zephyr, PetroTal, Afentra, Tower, Prospex. And finally…

Oil is mixed but it's all about the meeting at The White House today between Sleepy Joe and House Leaders. Arrow yesterday announced another highly successful well in Colombia and today Zephyr update on production and the Paradox Basin. PetroTal have announced details of dividend and buy-back arrangements which should be huge for shareholders and Tower have raised money again and Afentra have unimportant figures. As for Prospex it looked like good news but the market is unforgiving.

Oil price, Genel/GKP, Touchstone, Predator. And finally…

Oil is not short of influences from the short term reopening of the Turkey pipeline to the longer term over demand in the market. This brings Genel and GKP back into play. Touchstone has Q1 results but that's not the story for this year and Predator have raised a little for Morocco activities.

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