Oil and Gas

In recent times, the situation on Tethys Petroleum (LSE:TPL) has been bullish. But right now, the stock is in an equilibrium mode. Then what is the next price direction? Would the bear’s threats materialize? Would the bull’s threats materialize? What is it that issues threats in the forest? Let it carry out its threats quickly, […]

On 15th February I suggested selling shares in AIM listed oil producer and explorer Gulfsands Petroleum (LSE:GPX) at111.5p. The shares are now 96p. One reason NOT to sell is that Gulfsands is debt free and has net cash but I wonder how much it actually has. A buzz of IR activity of late makes me […]

Leading oil companies invest in two-year appraisal of the Clair oil field. Along with Shell, ConocoPhillips and Chevron BP has announced a two-year appraisal programme to look at the possibility of developing a third phase of the giant Clair field, west of the Shetland Islands at a cost of $500m The initial commitment involves a […]

My own defence against the spurious libel claims made against me by joke oil company Sefton Resources (LSE:SER) went in weeks ago. But today I have the good news that Brokerman Dan has filed his defence. It forms only part of his argument but already runs to 1200 pages of documents which poses an interesting […]

On 12 June 2012 ADVFN reported that Thalassa share price had jumped 61% to 47.50 following its announcement of a joint venture with P-Cable to market Thalassa’s patented high-resolution, sub-oceanic, seismic data acquisition technology and the commencement of a contract with State Sevmorgeo Company in Russia.  Executive Chairman Duncan Soukup was looking forward to increased […]

I sense that shareholders in AIM listed management lifestyle, oops meant to say oilfield services company, Vialogy (LSE:VIY) are not exactly my biggest fans. I warned them to bale at 2.125p in the autumn on the basis that the company was ramping its shares with spurious announcements ahead of a rescue fund raise. I warned […]

I am not sure that anyone can call the share price of Bulletin Board Darling Xcite Energy (LSE:XEL) correctly. As such I make no comment on today’s results other than to republish a note from top broker Fox Davies and it is I who underline two phrases which grabs my eye. Clearly high risk/high reward. […]

Zoltav Resources (LSE:ZOL) the AIM listed shell last week announced a Reverse takeover in a deal to buy some Russian oil assets. The shares were suspended at 4.6p but the deal is being done at 3.5p and so here is how the maths of the shareholder structure stacks up after the deal: 1. Vendors of […]

BP plc (LSE:BP.) will embark on a shares buyback programme in the next 12 to 18 months after the receiving the proceeds from the sale of its stake in the TNK-BP venture, the London-based oil giant said earlier Friday. In a statement, BP said it is going to spend $8 billion from the $12.48 billion […]

BP has announced its intention to carry out a share repurchase programme with a total value of up to $8 billion. Today’s decision to buy back shares follows the completion yesterday of the sale of BP’s 50% interest in TNK-BP to Rosneft. The programme is expected to return to BP shareholders an amount equivalent to […]