Oil is up today as peace thoughts diminish and ahead of the Trump/Xi summit today markets concentrate on AI, or should I say SI? Capricorn have interims but they are not long for this world and the vultures are circling whilst Sunda retail shareholders open their wallets and take all the WRAP, as it were...
Oil is down as optimists think more oil is coming out of Saudi Arabia...Today I signal investor meetings at Prospex and Star next Monday and Tuesday respectively. Also yesterday DNO tweaked the bid for Capricorn to avoid the special divvi potential snag.
Oil is up sharply today as military action from both the US and Iran breaks out again in the Gulf. Chariot has done another great deal in Angola and Europa push the longstop date back again for the farm-out in Equatorial Guinea. And there is yet another bid for Capricorn...
Oil is up a dollar as tensions remain high in the Middle East. Capricorn announced yesterday that the meetings approved the agreed cash bid by Genel and also yesterday Equinor has bought into PEL 90 offshore Namibia.
Oil is seeing profit taking today after having had such a big run this week. The UK takeover panel has flexed its muscles and given warning to all the Capricorn suitors on dates...
Oil drifted after a funny set of industry inventory stats could have hit the market badly but it was attributed to a 'data adjustment'. CEG updated on strategy which is clear about the plans for the long term, and Reabold issued a Competent Person's Report prepared by RPS Group on UKCS Licence P2478 on behalf of the Joint Venture partnership with Baron Oil plc and Upland Resources. Longboat reveal the worst kept secret by going into Malaysia and Capricorn could be doing anything...
Oil fell sharply yesterday after poor inventory stats. Jadestone has updated the market saying it was a game of two halves, well lets hope from now on its like the first half all the way...Hurricane has won in the High Court with regard to the reduction of capital and can now give the company away to the shareholders, if it were that simples...Capricorn has done what it was told to and changed the Board but is it for the better? And are Echo turning the corner?
Oil lost its gains on US data and inventory gains. IOG is planning changes at Southwark to isolate three of the zones and Gulfsands has opened its new Hub in Abu Dhabi. Predator has run into technicals in Morocco but it's not all over yet. Capricorn, you couldn't make it up could you? Getech has produced a good set of numbers and a good order book in its new areas and Serica gets a renewal from the US. Angus has a 14 day delay at Saltfleetby which shouldn't worry folk and COPL has production at Cole Creek. And Kosmos say the FPSO for Tortue has sailed away to Tortue.
Last week oil was up strongly after China's news about Covid started to wane. Today PetroTal released its 2023 budget and Tower is to raise up to $6m. Coro gave a production and corporate update and I catch up with Echo from Friday. Finally there is more interest in the Capricorn/NewMed and Pallister situation, involving Legal & General IM.
Oil rose on Hurricane Ian but he is now in Florida and only Cat 1, also inventory numbers were better than the whisper. Union Jack and Reabold issue a big CPR on West Newton which will bring huge value and Rockhopper is looking very good looking forwards. Finally later in the morning the news broke that Capricorn is abandoning its deal with Tullow and forming a new energy company with Delek Group, New Med Energy. Capricorn shareholders get a big payout anda residual holding in NewMed.