Oil and Gas

AIM-listed oil and gas exploration firm, New World Oil and Gas plc (LSE:NEW), saw its market value cut into half earlier today after the company said there was not enough oil to merit commercial production from its sidetrack well in its flagship project in Belize, Central America. Shares plunged over 50% to 3.852 pence minutes […]

A US court has accepted the guilty plea of oil giant BP plc over the Deepwater Horizon catastrophe in 2010 that claimed the lives of 11 workers and injured many others and resulted in the largest oil spill in the country’s history. The plea, a part of the deal made by BP with the US […]

I flag this with no idea what is behind this but David Lenigas runs Leni Gas & Oil (LSE:LGO) which like Range Resources (LSE:RRL) has extensive interests in Trinidad. Both were mant to present at some shindig but Mr Lenigas tweeted a few hours ago: David Lenigas ‏@DavidLenigas Range Resources has pulled out of presenting […]

Brazilian Research   I get sent all kinds of research and documents from all over Brazil.  I recently received this which was produced by BTG Pactual which you might find interesting: Stick with the quality names, even if they aren’t a bargain. Switch to cheap/out-of-favor plays or stick with good/expensive ones? The dilemma most investors […]

The price on the Xcite Energy (LSE:XEL) is ready to go upwards this year. The price has survived some turbulence and would eventually shake off the effects. The hawk is ready to go on a journey, and a strong wind blows in its direction. The hawk says: “Time to go!” The EMA 21 and the […]

I know oil producer XciteEnergy (LSE:XEL) seems to have a lot of diehard admirers on the Bulletin Boards. I can see the attraction and think it is probably cheap, if speculative at 101p. But it is not a stock I’d travel to the Moon and back for. But for those who care I just bring […]

The share price of Providence Resources has risen by 39.00 pence since the beginning of this month.  That’s a a growth of 6.0% since the first of the year, as it closed today at 658.00.  One year ago today the price was 279.00 establishing a 12 month gain of 379.00, an increase of 135%. Expect […]

Range Resources (LSE:RRL): Probable Falling Wedge Buy Formation While I am aware that on both a technical and a fundamental basis shares of Range Resources have presented more false dawns than an Arctic spring, it does look as though we are in the most encouraging position technically for quite some time. While this is no […]

Magnolia Petroleum (LSE:MAGP): 2011 Uptrend Line Given that Magnolia Petroleum is one of the most followed speculative situations on the UK stock market, I am aware that I have to choose my words carefully. The big plus points currently are the way that at 2.8p the shares have come back to test not only the […]

Coal mining company CCX  (BOV:CCXC3) CCX (BOV:CCXC3) the coal company of Eike Batista has asked Bradesco, Itaú BBA and BBI Brazil Plural to prepare a report to assess a possible takeover bid and the de listing of the company.  Batista has however chosen to abstain from voting on the matter. A meeting is scheduled for […]