Oil price, DGO, GKP, Ascent Resources, Petro Matad And finally…

A slight, hardly noticeable pick up in crude prices as the US waits for its $2tn and the Saudi/US alliance....DGO has announced an extended Ohio asset agreement again demonstrating its commitment to its asset retirement programme. GKP has decided to suspend both dividend and share buy-backs as Shaikan expansion is stopped by the virus and lack of payments for its crude. Ascent has started the process of coming back to life with a potential move in to the Caribbean and Hispanic areas. Finally, delayed from yesterday a quick look at Petro Matad who have an update out.

Oil price, DGO, Far, Ascent, SDX – And finally…

The oil price will have done well to increase on the week in the face of the inscrutable Chinese virus as well as the 1H oversupply situation but Opec+ production cuts will help that. Today DGO announce a buy-back, on an 11% yield punters should follow, Far suffer at the hands of the Court of Arbitration but are set fair in West Africa. Ascent Resources, where shareholders have been crying out for restructuring have now got just that and SDX spud at South Disouq.

2020-02-14T13:12:02+00:0014 February 2020|Categories: Daily Blog|Tags: , , , |2 Comments

Oil price, Shell, Ascent Resources, Frontera Resources, Touchstone, Link, ROK’N’OIL And finally…

WTI $58.11 -84c, Brent $63.84 -2c, Diff -$5.73 +82c, NG $2.93 +12c Oil price With only two days to go until Opec D-Day things are remarkably quiet by historical standards, ...

Oil price, JOG, President, Columbus, Petrofac, Wood Group And finally…

WTI $49.29 -$1.50, Brent $55.62 -$1.38, Diff -$6.33 +12c, NG $2.86 -6c Oil price Oil prices faded at the end of last week for no great reason, TS Nate worried ...