Oil fell on further Chinese Covid worries which persist, when over the true demand numbers will out. Today sees the re-debut of Ithaca in London and the shares have fallen 7% so far, probably plenty more to go. Coro have brought more Italian assets back on which with winter gas prices should deliver significant revenue. Yesterday both they and Empyrean announced progress from Duyung which still has a way to go yet.
Oil was very quiet yesterday unchanged on the day. Ithaca is returning to the London market and Genel and GKP announce KRG payments whilst Trinity complete the buy-back programme. Finally I get to meet with the management of Southern Energy Corp and have issued an initiation Target Price of 150p.
Malcy talks about the following stocks: Faroe Petroleum #FPM, Ithaca Energy #IAE, Amerisur Resources #AMER, Savannah Petroleum #SAVP, Echo Energy #ECHO, Chariot Oil & Gas #CHAR and Providence Resources #PVR
MalcysBlog.com publishes an annual list of favoured small-cap oil stocks that includes a cross section of exploration, development and production companies that are in geographical locations that are attractive. Malcy ...
Second part of Malcy’s review of the “Oil Bucket List 2017” performance released on February 1st earlier this year.
Malcolm reviews the performance of the “Oil Bucket List 2017” released on February 1st earlier this year. He defends his stock picks and asks investors to exercise patience as the ...
WTI $44.24 +86c, Brent $46.65 +82c, Diff -$2.41 -4c, NG $3.04 +1c Oil price Another up day for crude, whatever next? Well actually a down day probably as the API ...
WTI $47.83 +50c, Brent $50.77 +55c, Diff -$2.94 +5c, NG $3.38 +8c Oil price The oil complex moved higher yesterday as Opec released official production numbers that indicated 'overcompliance' by ...
WTI $47.82 +16c, Brent $50.79 +33c, Diff -$2.97 +17c, NG $3.23 +3c Oil price So, the story goes like this, the momentum of the market is downwards it is only ...
WTI $50.27 -17c, Brent $52.99 +6c, Diff -$2.72 +23c, NG $3.16 -3c Oil price The news was fairly good yesterday but despite that, crude oil trade was lacklustre. Both the ...