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.
Up yesterday, whatever next? Today Advance see the mobilisation of the rig for Buffalo and Longboat sign up a rig for Copernicus. Finally Touchstone updates with regard to its loan in Trinidad.
Its an up day for oil after yesterday when the so called market pros took money off the table mainly in WTI. I look at Sound who are continuing the good news in Morocco and Gulfsands who have received an extension and expansion of its facilities. Also a good oil find from Touchstone and good news from the Tribunal from Rockhopper.
Oil is up nearly $2 today after the falls of last week. PetroTal have reached a settlement with protesters near the loading facility and Touchstone have made a further discovery at Royston-1. Finally Far have made a great deal of progress at the Bambo-1 well which is tight but looks mighty interesting.
Oil starts this week on the front foot after last weeks weakness and we remain in the current trading range. Results from Kosmos were in line and the company looks in good nick right now. Petrofac has won a $96m contract, much more to come I suspect. Finally Touchstone has made a discovery at Royston-1 with what to me looks like a potentially valuable hydrocarbon find.
Another good day for oil which will end the week up after further inventory draws and lower floating stock levels. Scirocco notes that ARA has awarded a seismic gig to AGS at a lower than expected cost and Touchstone has another good well in the Ortoire Block in Trinidad.
Oil should be modestly up on the week not something you might have thought on Wednesday. Touchstone has 2Q results and an operational update. Prospex have found a legal technicality as a number of shareholders attempt to unseat the board and Block, in a similar situation have appointed Jeremy Asher to the board...Finally, after the tragic death of Chairman Bruce Dingwall Trinity reshuffles, no surprises in these appointments.
A big rally for oil yesterday as the Iran deal seemed to take a slight turn for the worse, I'm sure it will return. Signs of a pick-up in US air travel also made the oil bulls return. Chariot have made a strong move to become a unique, gas and renewables story covering over 17 countries in Africa. The raise will enable a well at Anchois to be drilled and hasten the roll-out of the transitional power team. Union Jack and Reabold have announced 6 weeks of testing at West Newton whilst Serica have announced an operating update at Columbus and the R3 well. Hurricane have results where they warn of equity destruction and Touchstone have more very positive news from Trinidad.