Today Malcy talks about the following stocks: Chariot Oil & Gas (CHAR), Jersey Oil & Gas (JOG), Amerisur Resources (AMER), Hurricane Energy (HUR), Block Energy (BLOE), Diversified Gas & Oil (DGOC), Gulf Keystone Petroleum (GKP) and Genel Energy (GENL).
Oil stays strong in the new quarter which most agencies say will be tighter than the last in which oil rose by over 30%. Block Energy has a great result in Georgia as does Reabold at Monroe Swell. Anglo African have recovered 43° API Djeno oil to the surface at TLP-103c which must help confidence for flowing in due course and I comment on a meeting with the Solo Oil management and the GKP Capital Markets event.
WTI $65.51 +$2.09, Brent $71.04 +$2.39, Diff -$5.53 +30c, NG $2.66 -4c Oil price Oil prices are up over 5% in the last two days for a number of differing reasons. As I noted yesterday there appears to be some…
WTI $49.48 -43c, Brent $55.14 -34c, Diff -$5.66 +9c, NG $3.12 -2c Oil price It was a mixed old day yesterday, early on prices rallied and my trading spies thought that they might be off to the races again. This…
WTI $48.82 +23c, Brent $52.10 +20c, Diff -$3.28 -3c, NG $2.98 n/c Oil price The oil price ended down on the week but not by much, WTI lost 76c and Brent 32c as various influences waxed and waned, today prices…
WTI $48.37 +64c, Brent $51.33 +58c, Diff -$2.96 -6c, NG $3.10 +4c Oil price A welcome bounce for oil producers yesterday and carried on this morning in early trading. The usual irony of Libyan production and exports was to be…
WTI $53.59 -74c, Brent $55.84 -82c, Diff -$2.25 -8c, NG $2.59 +3c Oil price Yesterday the oil price went down, Petro something or other counted some tankers and said that within Opec, and from Russia, oil exports were ‘on the…
WTI $52.42 +$1.05, Brent $55.49 +$1.33, Diff -$3.07 +28c, NG $3.20 -16c Oil price Very little change last week, indeed this time last week you could have closed the book and taken the week off. The usual voices pushing either…
WTI $49.96 -56c, Brent $50.79 -67c, Diff -$0.83 -11c, NG $2.77 -6c Oil price Oil remains under some pressure as the faults start to develop in the Opec agreement scheduled for November 30th. After Iran, Iraq now wants exemption from…
WTI $51.35 +$1.54, Brent $53.14 +$1.21, Diff -$1.79 -33c, NG $3.28 +8c Oil price Enter Vlad into the oil price process, speaking at the Istanbul Forum he said that Russia was ‘ready to join the joint measures to cap production’…
