Oil price, DEC, Zephyr, Deltic, Hunting, Beacon. And finally…

Oil has taken a bath today after the market didn't trust the Opec+ agreement. Today DEC have done a smart securitisation deal, Deltic has a delay at Pensacola and Zephyr are 10 feet away from the fracture from last time. Hunting has won another excellent contract with the KOC and Beacon are struggling with flow rates in Germany.

Oil price, Genel, DEC, PetroTal, Echo.

Oil is flat today having stopped the rot with decent inventory stats. Genel report the situation normal, ex the pipe they are in remarkably good nick. DEC have produced another excellent quarter with good production and an excellent grip on costs. PetroTal have also delivered a fantastic quarter after yesterdays acquisition they are looking very cheap and Echo are ringing the changes.

Oil price, DEC, UJO, Angus, Ithaca, i3. And finally…

Oil is unchanged today as most Fed board members are speaking. DEC announce their sustainability report which is very good indeed, UJO are going to trade on the OTCQB Venture Market in the USA and will commence trading at market open today under the ticker UJOGF. Angus has reported good 1Q sales and revenues should follow and i3 and Ithaca have declared very good dividends.

Oil price, DEC, JOG/Serica, i3. Molecular Energies. And finally…

Oil fell last week with interest rate worries leading the charge. Today DEC announces the circular for the tender offer to the shareholders for dividend options. Also JOG and Serica announce the completion of the farm-in by SQZ into the GBA. Finally i3 update the market with production in line with guidance.

2024-02-28T10:46:50+00:0026 February 2024|Categories: Daily Blog|Tags: , , , |0 Comments

Oil price, DEC, Ithaca, Tower. And finally…

Oil fell sharply on poor inventory stats, way higher crude builds than the whisper. DEC has announced a number of dividend options for shareholders to try and rally the share price and Ithaca has issued a very good trading update. Finally Tower has raised money to pay down debt, not for the first time.

2024-02-15T13:33:41+00:0015 February 2024|Categories: Daily Blog|Tags: , , |0 Comments

Bogota blog! Oil price, Diversified Energy, Gulfsands Petroleum.

I'm reporting from Bogota in Colombia this week were I am with Arrow Exploration and having four days of unrivalled exposure to this fantastic company. Oil is weakish today ahead of Opec and I look at DEC who have provided a very solid update. And I re-publish my piece on Gulfsands which was published yesterday by mistake and repeated later from an airport lounge...

2024-01-30T12:37:54+00:0030 January 2024|Categories: Daily Blog|Tags: , |0 Comments