Oil is quiet today after the post Opec fall. Today San Leon have good news from Decklar, Reabold look better in Italy, Ithaca complete Cambo and Sound has seen a £250,000 conversion.
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 rallies today after another set of good inventory stats yesterday. Today I remind that the TXP CMD is on 26th Sept, look at the Ithaca divvi and take a first look at Pennpetro.
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.
Flash blog covering Arrow, SDX, Deltic and Ithaca.
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.
Vox Markets podcast: Malcy on Faroe Petroleum, Ithaca Energy, Amerisur Resources, Savannah Petroleum, Echo Energy, Chariot Oil & Gas and Providence Resources
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.