Oil and Gas

Following on from my comments about Range Resources (LSE:RRL) on Friday I have become far more convinced that the shares are, at 4.86p, a sell.  You can read the original analysis HERE. There are two reasons for my strengthening view that this is not a stock to own in fact I would wait until the […]

AIM listed oil producer and explorer Range Resources (LSE:RRL) is a stock beloved of penny share bulletin board punters. That, I suppose, should be a good reason not to buy. I must admit that in my heart I would rate this as a slam dunk sell but there is just a chance that the shares […]

“No hydrocarbons flowed to surface,” was what Faroe Petroleum plc (LSE:FMP) said today, after performing a formation drill stem test (DST) in one of the targets reached by its Cooper well in the Norwegian Sea. Shares lost 8.9%, equivalent to 14.25 pence, to £1.45 an hour after the announcement was released – a reversal of […]

Borders & Southern plc (LSE:BOR) surprised the market this afternoon by releasing the results of the fluid sample taken from the Darwin well it drilled back in January this year. Shares closed 56.1% higher than yesterday to 32 pence, three hours after the Falkland Islands-focussed oil and gas explorer said the recoverable volume of gas […]

Quadrise Fuels International (LSE:QFI) has been having quite a week.  Today hasn’t been so bad either.  At 9:00 am its share price had skyrocketed by 72.5% over yesterday’s close of 5.88 pence, and 113.6% over one week ago, when it was trading at 4.75 pence.  Having reached 10.145 pence, it tapered off to 8.89 pence […]

Agriterra (LSE:AGTA) is a Mozambique based multi-commodity focussed agricultural business. It owns cattle, ranches, abattoirs and plans to open local butchers, alongside Maize milling, again in Mozambique, and Cocoa & palm oil operations in Sierra Leone. Like the Chairman, Phil Edmonds, these aren’t the only feathers in Agriterra’s cap – they also have a meaty 20% […]

Red Emperor Resources NL (LSE:RMP) (ASX:RMP) requested to halt trading of its shares on the Alternative Investment Market today, prior to the release of the latest update of the exploration activities from its Shabeel North well in Puntland, Somalia. The move, nonetheless, did not shake rumours of an impending doom amongst investors but rather sparked […]

Independent oil & gas company, Afren plc (LSE:AFR), released its results for the first six months of 2012 much to the delight of its shareholders.  Although shares had risen only slightly by the end of the noon hour, the next few days ought to continue to bring a positive response to such a strong report. […]

Genel Energy plc (LSE:GENL) continues to secure its position as the biggest oil and gas producer in the autonomous region of Kurdistan, in Iraq, and has recently signed a deal taking a further 26% interest in another oil field in the said region. In a statement announced today, the London-listed firm said it signed a […]

The shares price of Xcite Energy (LSE:XEL), though in an overall downward trend, is giving buyers a unique opportunity to buy very cheap and ride their profits to the sky. While it is good to follow the line of the least resistance, one should know when the least resistance would become the greatest resistance. Normally, […]