Oil is unchanged today after a big week last week when the vaccine trade advanced although even though the economic data is good in the US and China the rest of the world is still in a bad way. Hurricane issue a Lancaster production update, Echo also updates on operations and commercial matters whilst there are finals from Coro and an update from Trinity. Finally it's first day of dealing in 'New Advance Energy' today.
Oil remains strong and as WTI heads to $58 and Brent now over $60 recent moves on supply, stocks and stimulus have given it fresh impetus. Unfortunately the BPC P#1 well, whilst finding oil also said that it was not commercial, the good thing is that it is no longer a solo project company with opportunities to develop acreage in Trinidad, Surinam and Uruguay. President has updated reserves and contingent resources and Trinity has confirmed 2020 numbers with 2021 guidance. Finally I had the opportunity to interview Manolo Zuniga about PetroTal going forward.
WTI $62.34 +$1.15, Brent $66.21 +$1.09, Diff -$3.87 -6c, NG $2.69 +1c Oil price With a good day on Friday, the crude price ended up on the week which not ...
Malcy talks about the following stocks: President Energy #PPC; Echo Energy #ECHO; Range Resources #RRL; Trinity Exploration and Production #TRIN; Frontera Resources #FRR; SDX Energy #SDX and Pantheon Resources #PANR
WTI $57.16 -14c, Brent $63.41 +18c, Diff -$6.25 +32c, NG $2.74 +13c Oil price Mixed fortunes yesterday, Brent rallied when the Nigerian strike was announced and even when it appeared ...
Trinity/Range It has been announced this morning that the previously announced deal between these companies by which Range were scheduled to acquire Trinity's West coast assets has failed to obtain ...
WTI $52.14 +26c, Brent $57.90 -54c, Diff -$5.76 -80c, NG $2.97 +6c Oil price At last the price divergence between WTI and Brent is starting to narrow as we head ...
Malcy talks about the following stocks: Hurricane Energy #HUR, ictoria Oil & Gas #VOG, Amerisur Resources #AMER and Trinity Exploration and Production #TRIN
WTI $52.22 +$1.56, Brent $59.02 +$2.16, Diff -$6.80 +60c, NG $2.92 -4c Oil price No blog yesterday, a hugely busy one running around catching up with companies with results as ...
WTI $47.59 -$1.23, Brent $50.73 -$1.37, Diff -$3.14 -14c, NG $2.96 -2c Oil price The bulls turned tail in a hurry yesterday afternoon, maybe it was the report from China ...