Oil price, Trinity, Echo, Far, President, Touchstone, Lamprell – And finally…

Oil has rallied for a number of reasons but Libya is getting pretty lively. Trinity have, as usual a very positive update across the board while Echo also seems to be becoming interesting at the Santa Cruz Sur. Far has gone ahead with its FID for Senegal and is now sorting out the financing which seems nearly all done. President has tapped Trafigura who are injecting money into this well run company and Lamprell confirms the two jackup orders. Finally Touchstone testing an oil play now have a 'liquids rich' structure.

Oil price, Genel, Lamprell – And finally…

Oil is unchanged after a flurry of reports and an unforgiving inventory report which whilst showing a decent crude draw also saw products rising. Today Genel updated the market, the company looks in a very strong position enjoying the delivery of projects funded by recent strong Free Cash Flow and yet being able to guaranty more capex and higher dividends. And Lamprell also updated the market in a slightly less inspiring manner...

2020-01-16T13:10:34+00:0016 January 2020|Categories: Daily Blog|Tags: , |0 Comments

Oil price, Rose, President, IGas, Faroe, Petro Matad, Lamprell And finally…

An up day for oil as speculators suspected some production falling ahead of the Opec+ meeting next week. Rose Petroleum do a canny deal with Encore and their database keeping exposure, enjoying Vanadium and chance to get stuck into the Paradox Basin. President spud well three in Puesto Flores and IGas spud Tinker Lane, at long last. Faroe start their defence campaign and i comment on a dry hole for Petro Matad and a good move from Lamprell.

VOX Markets podcast: Malcy on Range Resources, Columbus Energy Resources, Touchstone Exploration, Trinity Exploration, Rockrose Energy and Lamprell

Malcy talks about the following stocks: Range Resources #RRL, Columbus Energy Resources #CERP, Touchstone Exploration #TXP, Trinity Exploration #TRIN, Rockrose Energy #RRE and Lamprell #LAM