Oil price, Jadestone, Eco, President, Hurricane, Prospex. And finally….

Oil will likely be up on the week as the agencies report differing views, not often that the IEA are more positive than Opec but they are restating their numbers. I look at Jadestone who have decided to stop production at Montara while they fix it and Eco Atlantic are on the move with the rig mobilised for Gazania-1. Also I look at President with Argentinian numbers, and catch up with Hurricane and Prospex from yesterday.

Oil price, Kistos, Serica, Union Jack, Hurricane, President, Echo. And finally…

Brent is opening up a gap over WTI slowing refining in the US after demand for gasoline has slowed. Kistos and Serica have carried on with their battle and Union Jack has yet more good news from Wressle. Hurricane has unsurprisingly paid off the debt and it's all change at President with the set up of Green House Capital starting with Lithium and Echo has updated the market.

Oil price, CEG, Angus, Afentra, Hurricane, Predator, SDX. And finally…

Oil rallied after the dollar weakened as expectations of a 100bp rise in US rates next week were trimmed. Challenger update on Trinidad and Angus yesterday also updated on Saltfleetby. Predator have a detailed run through but it is Morocco that is of most interest in the next few months. Afentra look to have done a very smart deal topping up in Angola and Tenaz are having to rethink the SDX acquisition.

Oil price, PetroTal, Zephyr, Rockhopper, Longboat, Harbour, Hurricane, President. And finally…

Oil fell on the Fed confirming a 75bp rise with Swiss and UK central banks today and the ECB being what only they can be...Lots of company news today, PetroTal have a good sales update, Zephyr are investing better than expected cash flow, Rockhopper raise went very well, Harbour are buying back $200m, Longboat update in full detail, Hurricane monthly shows more cash build up and President have a bare bones update.

Oil price, Chariot, Pharos, Hurricane, Getech. And finally…

Oil is falling due to Chinese demand, Chariot has made a good raise to develop Anchois and push on with the power business. Pharos AGM statement was good and with Vietnam kicking in later this year should be good. Getech are solidly ahead, Hurricane looks cheap as chips and could and should be taken over from here, just imagine what a wealthy parent would do with it...?

2022-05-19T13:54:07+01:0019 May 2022|Categories: Daily Blog|Tags: , , , |0 Comments
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