Oil rose yesterday but ended up off the best of the day, today after a flat start crude is up around 50 cents. I talk about Victoria Oil & Gas where the new CEO and CFO are really getting to grips with the legacy issues very well indeed. I also mention an old favourite, Enteq Upstream with interims and who announce that the CEO and Founder Martin Perry is going to a NED role.
The oil price is a game of two halves, yesterday inventory levels dropped the price substantially, this morning two oil tankers have been attacked in the Gulf of Oman and oil is up 4%. Today I talk about Aminex after yesterday's AGM where some home truths were told by all sides, its still a long haul but there is light at the end of the tunnel. I look at yesterday's numbers from Enteq and what Range Resources are doing in Georgia as well as looking at another industry veteran joining Talon Petroleum.
Hurricane has spudded the first of three wells in the Greater Warwick area, carried by Spirit. Trinity has an update which follows fast on the results statement but draws attention to the potential of the HAW rollout. Hunting are very much in line, still all guns blazing (!) in the onshore US but still slow offshore. Finally diehard followers of Enteq get a bit of good news, trading is buoyant.
A rig booking for Eco and partners brings drilling in Guyana into sight, it will be an interesting summer. For Enteq things are clearly looking up, well deserved.
Oil prices rally on talk of 1.4m b/d cuts, Sound are at TD in Tendrara and Echo have an upbeat operational update. Zenith figures only the start if things go well this quarter and at Faroe and Cairn they have a success at Agar but Cairn has a duster at Ekland. Premier are operationally in fine form again with much to come, Catcher the star but Tolmount and Mexico looking exciting with appraisals upcoming. Wentworth are still being paid which is good but man cannot live on Mnazi Bay alone, over at Enteq things are improving for Martin Perry.
WTI $66.36 +26c, Brent $75.88 -58c, Diff -$9.52 -84c, NG $2.94 -1c Oil price Well, you can as they used to say, you pays your money and takes your choice ...
WTI $46.46 +38c, Brent $48.72 +43c, Diff -$2.26 +5c, NG $2.97 -6c Oil price The oil price rallied yesterday on no particular reason, Opec production was up a little but ...
WTI $53.40 +32c, Brent $56.23 +25c, Diff -$2.83 -7c, NG $3.15 -9c Oil price Well, it doesnt get much better than this at the moment and unless the EIA stats ...
WTI $45.42 -15c, Brent $46.49 -14c, Diff -$1.07 +1c, NG $2.70 -6c Oil price Having started off well yesterday with good news from the Opec participants and Russia the market ...
WTI $41.08 +$1.30, Brent $44.03 +$1.12, Diff $2.95 -18c, NG $2.09 +15c Oil price The oil price was up yesterday as you can see but overnight things have changed and ...