Oil price, DEC, UJO, Angus, Ithaca, i3. And finally…

Oil is unchanged today as most Fed board members are speaking. DEC announce their sustainability report which is very good indeed, UJO are going to trade on the OTCQB Venture Market in the USA and will commence trading at market open today under the ticker UJOGF. Angus has reported good 1Q sales and revenues should follow and i3 and Ithaca have declared very good dividends.

Oil price, DEC, Ithaca, Tower. And finally…

Oil fell sharply on poor inventory stats, way higher crude builds than the whisper. DEC has announced a number of dividend options for shareholders to try and rally the share price and Ithaca has issued a very good trading update. Finally Tower has raised money to pay down debt, not for the first time.

2024-02-15T13:33:41+00:0015 February 2024|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, San Leon, Angus, Ithaca. And finally…

Oil gave back last weeks gains after a Danish paper suggested that leading shipping companies had cut a deal with the Houthi rebels. Elsewhere today San Leon are still awaiting the money from TRAM and Angus are producing well from Saltfleetby. Finally Alan Bruce has left Ithaca and a new CEO is to be appointed.

2024-01-08T17:06:10+00:008 January 2024|Categories: Daily Blog|Tags: , , |0 Comments

Oil price, Afentra, Reabold, Ithaca, Coro/Empyrean, Arrow. And finally…

Oil is better again today in what is a quiet market, little going on and even tomorrow's US CPI number probably won't draw the Fed into a rise this month. Today Afentra have results which are of no interest, deals in Afentra are of interest and all is good there. Reabold up their %age in LNEnergy and Ithaca confirm taking Shell's 30% of Cambo. With Coro and Empyrean being boosted by a GSA at Mako both companies can now kick on and get some finance...And I revisit Arrow in case my interview with CEO Marshall Abbott had been missed.

Oil price, Touchstone, Hunting, Coro, Ithaca, Jadestone, Deltic, UOG.

Oil is drifting as economies from Europe to China remain sluggish. Today I look at Touchstone who are near to Cascadura and Hunting who are in very good nick indeed. Also Coro have done a smart corporate deal. From yesterday I relook at Ithaca which yields 22% and Jadestone who I think are out of the trees at Montara. Also I spoke to Deltic CEO Graham Swindells and his company is in a very strong position indeed. Finally Jonathan Leather is moving on from UOG.

Oil price, Ithaca, Coro, Empyrean. And finally…

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.

2022-11-09T12:45:38+00:009 November 2022|Categories: Daily Blog|Tags: , , |0 Comments