Oil rallied at the end of the week but not enough to be up on the week, the US inflation figures rallied most markets except the dollar. Today another excellent trading and dividend update came from Diversified Energy and Union Jack announced more revenue from Wressle. SDX announced two minor well results but its the new management that will count here.
Oil was up last week but interest week ahead so cautious on the last day of the month today. DEC have done another ABS refinancing and is aligned with ESG asset backed securitisation. Sound Energy are also continuing the financing and the farm-out continues. Rockhopper have heard that the Italian Govt are trying to have the arbitration annulled. And Jay Bhattacherjee comes in at the Chairman role at SDX.
Oil is quiet ahead of the month and quarter end and ahead of the Opec+ meeting next week. Many results today including Savannah which were good IOG updated on production and Angus are moving ahead fast. Scirocco also have predictable figures as do San Leon.
Oil rallied as Hurricane Ian headed towards the Gulf of Mexico, it's now veered towards Florida. Today i look at DEC with a deal completion and yesterdays buy-back news and Reabold have madea small acquisition. Getech have results and now need to deliver, and i3 add to yesterday's announcement to say that Graham Heath is leaving. Yesterday was a nightmare with so many results and calls/meetings that they are in today's blog.
A mixed week for oil in thin trade. I comment on a meeting with DEC and cover debt from Gran Tierra and SDX figures from yesterday.
In a flash blog today I take a brief look at DEC, Genel, Zephyr, Touchstone and Petrofac.
A bad week for oil but who has forgotten just how tight the fundamentals are...? Results from DEC were predictably very good as usual and San Leon progresses in Nigeria with shareholder approval. Further excellent news from Touchstone, twice in a week is incredibly good news for them and UJO and Egdon try again for planning in Lincolnshire.
A good rally for the oil price as the dollar weakened after the Fed added just the bp's but the EIA stats were very positive. DEC have another acquisition in the Central Region which looks exciting and accretive. Jadestone too have an interesting deal with plenty of upside. And President update on operations and corporate matters.
Oil fell back with the differential widening again. Today Diversified make a decommissioning acquisition and UOG update as do Coro. From yesterday I catch up with VOG, Block and Deltic.
Oil was up on the week but faded late in the day after the US CPI came out which trashed markets but rallied the dollar ahead of the Fed meeting tomorrow. Wentworth has announced the proposed acquisition of 25% of Ruvuma from Scirocco both are covered here. DEC confirm that juicy dividend in pence today and Orcadian announce draft FDP and farm-out process for the Pilot development.