Oil rallied nicely yesterday as markets found strength, today all is about window dressing on the last day of the month, quarter and half means leaving no big open positions to make you look a fool...I look at Predator who are preparing in some detail for drilling in Morocco and are clearly excited. Also Trinity who have received the VAT money and GMS who had a trading statement yesterday.
Oil put in a shift last month, WTI up 88% and Brent up 40% although its still down 40% odd ytd. Today we look at Predator, building a strong position in Trinidad, Columbus working with them and with ongoing in the SW Peninsula. IOG have awarded the well management contract to Petrofac who add to the Iraq contract last week. At PetroTal it looks like the Bretana pipeline will reopen next month and that means that they can get a facility to sort out the bill from when the oil price fell and left them exposed. Finally Trinity get a VAT Bond from the Government to maintain financial strength.
The oil price has fallen further and faster than virtually ever before, today it recovered, stand by for stormy weather. Stock-wise i'm talking about RockRose, Trinity , PetroTal, Wentworth and DGO from yesterday, with apologies.
Featured: Bahamas Petroleum, Coro Energy, Eco Atlantic, Echo Energy, Faroe Petroleum, Genel Energy, Hurricane Energy, Jersey Oil & Gas, Premier Oil, Savannah Resources, SDX Energy, Trinity Exploration. Listen on the ...
Malcy talks about the following stocks: Range Resources #RRL, Columbus Energy Resources #CERP, Touchstone Exploration #TXP, Trinity Exploration #TRIN, Rockrose Energy #RRE and Lamprell #LAM
Malcy talks about the following stocks: Trinity Exploration #TRIN, Range Resources #RRL, Cabot Energy #CAB, Amerisur #AMER, and Sound Energy #SOU [sc_embed_player_template1 fileurl="https://d2s77pkxoim9jc.cloudfront.net/e56554e69675b3e875ef04e8bb3a4e93/media.mp3"]
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