Oil is calm at the moment, TS Barry has gone and production from the GoM has restarted and refineries are getting back up to speed. Economic news from China is mixed though giving the bears something to worry about. In company news two of the most undervalued, cheapest and well managed stocks have updates today and they both have excellent news to report. Trinity is embarking on a second half of exciting drilling with 8 wells including their first High Angle Well. For President they too are using practices from the world wide oil industry as they frac the Puesto Flores field with great success. I expect both companies to deliver the goods not only in H2 but for the foreseeable future.
Tag: President Energy
Oil price, Savannah, IGas, Rose, Union Jack, Gulfsands, SDX, President And finally…
Oil prices are quiet ahead of G20 and the ensuing Opec+ meeting. I talk about Savannah Petroleum this morning as the completion of the Seven Energy deal nears, I also discuss IGas and their appeal being called in, Rose with a strengthening of management and Union Jack on the raise. I talk about the SDX well in Egypt and give links to an interview with Peter Levine and my Podcast with Doc Holliday of TMS.
Core Finance interview: Peter Levine of President Energy
Malcolm talks to Peter Levine, Chairman of President Energy, in anticipation of their upcoming AGM.
Tagged with: President Energy
Oil price, President, IGas/Egdon, Premier, Serica, Hunting, Wentworth And finally…
Oil surged on strong inventory data and short closing by money managers. Stock wise, President have a very positive AGM statement, IGas have a very psoitive find at Springs Road, Premier up their numbers at Zama, Serica are positive in their AGM statement, Hunting’s update is pretty good and Wentworth cut guidance which disappoints.
Tagged with: Hunting PLC, IGas Energy, Premier Oil, President Energy, Serica Energy, Wentworth Resources
Oil price, Savannah Petroleum, Jadestone Energy, United Oil & Gas And finally…
A topsy turvey week for oil as US trade wars now with Mexico spook markets and inventory figures show products building. Savannah Petroleum have moved a stage closer to completing the seven Energy deal with the UERL buy-out being closed and good progress elsewhere. I catch up with the Jadestone Energy figures and they look to be progressing very well. UOG have a new CFO but with much experience and i talk to Doc Holiday about oil stocks.
Oil price, Trinity, President, SOCO, Sound And finally…
Oil under pressure as US inventory data takes over from supply shortages although Opec are still expecting to keep supply restrictions at the next meeting. A good, positive statement from Trinity who have an exciting year ahead of them not least their first high-angled well. Also good news from President where production is scheduled to continue to rise by at least 50% in the next two years after a $50m fully funded work programme. SOCO has brought on its recent acquisition in Egypt which will soon match Vietnam for production and with a dividend payment and strong management looks good. Finally Simon Davies returns to the Chair at Sound Energy and at a key time for the company.
Oil price, Chevron/Anadarko/Occidental/Total, Anadarko, Infrastrata, Victoria Oil & Gas And finally…
Oil may end up on the week, this evening in Washington may thankfully be after the close… Chevron walk away from Anadarko bid with a $1bn wallet warmer. InfraStrata are in discussions with off-take partners that might delay phase 1 of the deal but bring forward phase 2. I speak to Ahmet Dik, CEO of VOG about the ENEO payments and receive some comfort and theres a link to an interview commenting on 9 companies.
VOX Markets podcast: Malcy on President Energy, Sound Energy, SDX Energy, Solo Oil and Hurricane Energy
Malcy talks about the following stocks: President Energy (PPC), Sound Energy (SOU), SDX Energy (SDX), Solo Oil (SOLO) and Hurricane Energy (HUR)
Oil price, President Energy, Sound Energy And finally…
Oil remains under pressure from markets worried about GDP growth. President has announced a huge, $50m+ work programme for 2019 and 2020 fully funded from existing resources and cash flows. Sound has upped its GOIP at TE-5 after retrieving pressure data and now has 115 Bscf from 40+ before, good news ahead of the FID and Tendrara in general.
The bucket list update.
The updated Bucket List, widely differing performances but I remain confident about the picks in the main.
Tagged with: Amerisur Resources, Aminex, Echo Energy, Eco Atlantic Oil & Gas, FAR Ltd, Genel Energy, Hurricane Energy, Jersey Oil & Gas., President Energy, Reabold Resources, Rockhopper Exploration, Savannah Petroleum, SDX Energy, Serica Energy, Sound Energy, Trinity Exploration & Production, Victoria Oil & Gas
Top