Oil still very firm, even the EIA can't pour water on the market. Today Predator show a positive CPR in which resource numbers and NPV solidly back up the valuation. Pharos update and announce a big board shake-up and UOG also update from Egypt.
2022 Bucket List.
The prospects remain healthy for oil stocks going into 2022. Malcy looks back and discusses the prospects for the year.
The 2021 Bucket List results.
Oil has started to wilt in the face of Omnicron as the IEA forecast a sloppy 1Q 2022 for demand. Whilst this is fair it may be that Opec+ still have the ammunition to fight that if necessary, after all it wouldnt be the first time that the IEA get things wrong...Today sees a detailed statement from Predator where Morocco is exciting and Ireland is reappearing as a market as expected by the patient management. Chariot have got underway also in Morocco with the drilling programme at Anchois which looks very exciting.
Oil is taking a breather primarily due to inventory numbers but also that worries from Russia that Covid is back. Also Putin has suggested again that gas flow may be increased to the west, prices are down in Europe but up in the US. DEC have updated on trading, Chariot have signed up an MOU on gas sales at Anchois and Predator have interims out today. Finally, Hunting have a 3rd quarter trading update today.
Oil reached the top of the trading range and boiled over as is its wont. Today I look at Predator after the webcast yesterday and IOG have good news from the Blythe well and first gas on the horizon and at these prices...PetroTal have also had a really positive update from the Bretana field and are looking set very fair. Hurricane have updated but I think maybe should have shouted more from the treetops and yesterday Serica blew away the targets and are looking to have the Midas touch. Union Jack has added a new presentation and video on the website.
Predator Oil & Gas An operations update from Predator ahead of its presentation to investors this afternoon. The company state that the MOU-1 well was successfully drilled and confirmed the ...
Another quiet week for oil but watch natural gas which is still heading onwards and upwards. Union Jack has an excellent report this morning and looks hugely attractive on this rating with great news particularly from Wressle. And investors will be happy to see that Predator are doing a presentation shortly on their exciting portfolio..
Oil remains strong after a good set of API stats, today will show whether last week's EIA numbers were abnormal. More news from Zephyr and Challenger update. Predator update across the board and have a board change while UOG are selling out of the UK North Sea. Finally Hurricane update on the Aoka Mizu, meanwhile gossips are talking about another corporate raider for the Godalming based explorer.