Tag: Lamprell

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.

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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…

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The President blew the froth off the oil price yesterday finding another $300bn worth of goods to tax by 10%. The markets fell and the greenback rallied. Today I rewrite my note on Far which had a small but important typo on Wednesday, apologies and write up the Lamprell update today which is a mixed bag.

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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.

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WTI $68.08 +2c, Brent $72.16 +32c, Diff -$4.08 +30c, NG $2.74 -2c Oil price A quiet day yesterday, with modest shortages of crude from Libya and potentially more from Venezuela offset by the EIA saying that US shale production is …

Oil price, SDX, Tullow, Empyrean, Lamprell, Columbus, Reabold And finally… Read More »

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WTI $65.07 -78c, Brent $75.08 -26c, Diff -$10.01 +52c, NG $2.90 -5c Oil price What can I say that hasn’t already been said ahead of Friday, and possibly Saturday’s Opec meeting? For the first time in a while this will …

Oil price, Genel, Lamprell, Empyrean And finally… Read More »

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WTI $64.30 -87c, Brent $68.91 -56c, Diff -$4.61 +31c, NG $2.62 -2c Oil price After a fast and furious week, for me and the oil price, it looks like crude will end up testing important levels, WTI is close to …

Oil price, SDX Energy, Savannah Petroleum, Sundry-Aminex-Gulfsands-Frontera-Lamprell-And finally… Read More »

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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

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WTI $61.19 +23c, Brent $65.12 +23c, Diff -$3.93 n/c, NG $2.68 -5c Oil price The most unreliable of the three main forecasters, the IEA started to back track on its more bearish than most demand forecasts yesterday and at this …

Oil price, Range Resources, RockRose, Lamprell And finally… Read More »

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WTI $57.30 -69c, Brent $63.11 -50c, Diff -$5.81 +19c, NG $3.18 +5c Oil price Opec day today so we are in the land of guesswork, yesterdays modest fall was in response to the speech by the Saudi Oil Minister who …

Oil price, Sound Energy, Sundry-Sirius Petroleum, Lamprell- And finally… Read More »

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