After a very strong January where WTI rose by 18% and Brent by 15% some consolidation seems likely, production is declining nicely but the US/Sino trade talks will be key. Today I look at United Oil & Gas who have announced very handy CPR numbers which make the stock look most attractive. And finally we appear to have a date for drilling at Barryroe, with a rig selected the bit should be spinning 3Q 2019.
Tag: Providence Resources
Oil price, Tullow/Eco, Providence Resources And finally…
A bounce from lows yesterday when WTI ducked below $50 at one stage, recovered with talk of Russian production cuts. At the Tullow CMD they bigged up Guyana, a new and ‘game changing’ project, imagine what it means for Eco Atlantic with 2/3 wells to be drilled next year. Providence have delayed Barryroe but hopefully by only a quarter.
Oil price, President, Hurricane, Reabold/Upland/United, Providence, Velocys And finally…
Oil remains weak, proper action will be needed on Dec 6th. More good news from President with another good well and it looks like more to come, Hurricane’s Aoka Mizu has paused in Spain for re-crewing, refueling and some minor repairs. With Wick and Colter now in sight Reabold, Upland and United Oil & Gas are ready for action. Providence Resources have pressed the button and partners have approved the budget for Dunquin South. Meanwhile over at Velocys its change the guard again and there is much to do.
Oil price, Savannah, SDX, Soco, RockRose, Reabold, Petro Matad, Providence And finally…
As Opec+ prepares for the Algeria summit oil is perky today and likely to be up on the week. I discuss the Savannah Petroleum deal adding to the Seven assets and notice that SDX may be looking at the huge BP portfolio in Egypt. Soco are also buying in Egypt but more modestly and I look at RockRose after their figures. Reabold have two pieces of news, especially going well in California, Petro Matad has a duster in Mongolia and Providence unveils more Barryroe wells.
Oil price, Genel, Providence And finally…
WTI $69.46 +70c, Brent $72.58 -32c, Diff -$3.12 -$1.02, NG $2.77 +5c Oil price More flip flopping around yesterday as a good start, prompted by the Saudi Opec Governor’s comments that exports may fall back by around 100/- next month,…
Oil price, Trinity Exploration & Production, Providence Resources, Frontera Resources And finally…
WTI $71.14 +$2.08, Brent $77.21 +$2.36, Diff -$6.07 +28c, NG $2.74 n/c Oil price Yesterday’s price move was a direct result of the US move on sanctions against Iran, earlier falls had been in the hope that they would not…
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
Oil price, Savannah Petroleum, Wentworth Resources, Providence And finally…
WTI $63.01 -$1.93, Brent $67.64 -$1.70, Diff -$4.63 +23c, NG $2.68 -5c Oil price The chartists are giving it some this morning as they had been getting worried that all their resistance points for crude oil were being wiped out.…
Oil price, Range Resources, President Energy, Victoria Oil & Gas, Sundry- Premier-Providence Resources- And finally…
WTI $60.42 +58c, Brent $66.60 -12c, Diff -$6.18, NG $2.95 +4c Oil price A very Happy New Year to everybody, fully refreshed (?) I’m back on deck and looking forward to whatever 2018 brings to us. The prices above are…
Tagged with: Premier Oil, President Energy, Providence Resources, Range Resources, Victoria Oil & Gas
Oil price, President Energy, Hurricane Energy, Providence Resources, Frontera Resources And finally…
WTI $50.41 +93c, Brent $56.29 +$1.15, Diff -$5.88 +22c, NG $3.09 -3c Oil price A good day yesterday as the market was positive ahead of the Opec/non Opec meeting at which an extension of the deal looks likely. The EIA…
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