Oil price, Genel, GKP, Coro, Egdon

Yesterday was down on economic news and filthy (though expected) inventory stats but today is better as Putin and Trump wish the oil market better again. Genel has received $33.2m from the KRG covering October exports and GKP $12.m. Coro has rung the changes today with a restructuring which has left CEO James Menzies out of the company as cost savings are made in Italy and Indonesia. Finally Egdon have said they need an impairment of some £2.5-3m in the upcoming interims.

2020-04-02T11:55:29+01:002 April 2020|Categories: Daily Blog|Tags: , , , |0 Comments

Oil price, Hurricane, Genel, Rockhopper, Jadestone.

After yesterday's disaster oil has rallied today but not enough methinks. Today i look at the Hurricane results which are incredibly good after the Lancaster EPS has delivered up with guidance but what a time to do so. Genel follow up yesterday's report with results that show how resilient they are at $30 with a flexible capex structure and able to pay a big divvi. Rockhopper , like others are keeping their heads down and still talking to Navitas whilst Jadestone just had a lucky black cat moment...

Oil price, JOG, Genel.

Oil continues to fall as traders see an open door to push against, until someone draws a line in the sand it will remain uncertain. JOG has updated again with the bottom line being relatively positive as it puts its head down to develop the GBA. Genel, with figures tomorrow has a reserves update today which show that despite some reductions the way that it has built a model with resilience to low oil prices is highly creditable.

2020-03-18T12:34:58+00:0018 March 2020|Categories: Daily Blog|Tags: , |1 Comment

February Bucket list update…

It's Bucket List time and the February update is out today, cue trauma.....

Oil price, Hurricane, Genel, IGas, Touchstone.

A better day for oil as rumours of beating the coronavirus swept the markets, with a general backdrop of production cuts in the background. Hurricane are likely replacing the Lincoln Crestal well with further Lancaster investment. Genel updates on Tawke and a new Chairman whilst IGas updates on reserves and trading and Touchstone details the highly successful Cascadura well in Trinidad.

2020-02-06T15:23:54+00:006 February 2020|Categories: Daily Blog|Tags: , , , |1 Comment

Oil price, Genel, Coro, Savannah – And finally…

Oil is about the Coronavirus, now in the UK, I also look at Genel who are getting back to normality of payments from the KRG. Coro has walked away from the Bulu PSC deal after time continued to pass, there are better deals around at the moment and Savannah Petroleum have stepped up in Nigeria as Accugas cuts a deal with FIPL.

2020-01-31T12:58:41+00:0031 January 2020|Categories: Daily Blog|Tags: , , |2 Comments

Oil price, Genel, Lamprell – And finally…

Oil is unchanged after a flurry of reports and an unforgiving inventory report which whilst showing a decent crude draw also saw products rising. Today Genel updated the market, the company looks in a very strong position enjoying the delivery of projects funded by recent strong Free Cash Flow and yet being able to guaranty more capex and higher dividends. And Lamprell also updated the market in a slightly less inspiring manner...

2020-01-16T13:10:34+00:0016 January 2020|Categories: Daily Blog|Tags: , |0 Comments

Oil price, Genel, Serica, RockRose – And finally…

Oil is back to being dull but don't rule out any further geopolitical trauma in the Gulf. Genel has announced very solid production from Kurdistan with more details due on Thursday proving that it is business as usual at the moment. Serica is doing extremely well and has given a cracking trading update today. Finally who could forget that it was only 4 years ago today that RockRose came into our lives.....

2020-01-14T11:39:05+00:0014 January 2020|Categories: Daily Blog|Tags: , , |2 Comments