The oil price has fallen further and faster than virtually ever before, today it recovered, stand by for stormy weather. Stock-wise i'm talking about RockRose, Trinity , PetroTal, Wentworth and DGO from yesterday, with apologies.
Presidents Day meant that trade was thin and so the market rose gently on lower production stories. DGO are continuing to sort out its decommissioning programme, this time in Kentucky whilst Touchstone has raised money for a well in the Ortoire property which if it came in would be very substantial.
Still on the move, oil is moving back down but still in a strong position. Savannah Petroleum has moved a significant step forward to closing the Seven Energy deal which is most important. Chariot has a duster at Prospect S in Namibia whilst DGO remain on the acquisition trail in the US.
A flash blog I’m on the move but I look at the Cairn and DGO interims and a huge CPO for Eco Atlantic.
This morning the oil price is weak again as a strong dollar and further Chinese demand take their toll. I look at Diversified Gas and Oil after their trading statement, write up a meeting with new Wentworth CEO and look at recent news from Empyrean Energy
WTI $73.45 +69c, Brent $77.85 +23c, Diff -$4.40 -46c, NG $2.94 -4c Oil price Oil appreciated yesterday but I can add little, all is going as expected with a few ...
WTI $72.76 +$2.23, Brent $77.62 +$1.31, Diff -$4.86 -92c, NG $3.00 +6c Oil price Another good day in the oil markets as punters realise that the upside has the greater ...
Malcolm Graham-Wood discusses SDX Energy's (LON:SDX, CVE:SDX) latest positive result for the recently drilled ONZ-7 well at the Sebou permit, onshore Morocco. It achieved an average flow rate of 10mln ...