Oil Companies on the London Stock Exchange

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Recent speculations that Spain is likely to request for a second bailout package in the near future, as well as heavy concerns shared by investors and experts alike over downgrades in China’s economic data, have led to drops in crude oil futures of late.The price of oil has a huge impact on the economy; and oil futures are very significant in this regard as futures prices are a good indication of the future price of oil itself.

Even when stocks in other sectors appear to be trading high on the UK stock market, oil and oil company stocks seem unable to catch a break. Oil prices have been on a downward slide; and the fact that the energy sector is also in the red zone doesn’t help matters.

Resaca Exploitation (LSE:RSOX), for instance, a small and independent oil and gas exploration company based in Houston, has recorded considerable losses on its stock valuation and prices of late. The huge drop in Resaca’s share price came in the wake of an announcement made by the company that it was experiencing some serious financial challenges.

Other oil companies that have recorded considerable losses on the trading floors of late include Royal Dutch Shell Plc. (LSE:RDSA), BG Group Plc. (LSE:BG.), and Tullow Oil Plc. (LSE:TLW).

Surprisingly, not all oil companies listed on the London Stock Exchange have adversely been affected in light of recent related events. Sound Oil Plc. (LSE:SOU), for instance, recently left many investors and traders agape with a rather unexpected sharp rise in its stock price. This positive trend is largely as a result of announcements made by the company pertaining to commencement of a Geulis-1 gas exploration well that is proposed to reach a depth of as much as four thousand feet below ground level, as well as plans to produce gas from one of its Italy-based projects.

Heritage Oil Plc. (LSE:HOIL), also an independent oil and gas production and exploration company listed on the London Stock Exchange, has also managed to maintain up to a 200-day moving average in spite of having stayed firmly below the 200 SMA for 86% of the time in previous weeks. Heritage Oil only resumed trading on the UK stock market a short while ago, following a month-long hiatus. Dealing was suspended when the group, along with a partner, agreed to acquire a 45 percent stake in oil field assets in Nigeria, in a transaction that was structured as a reserve takeover. And since its return to the trading floors of the UK stock markets, investors in the oil explorer company have been enjoying rather large hikes in the value of their shares.

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  1. Tiro Khiba says:

    I would like to know whether you have a company named Premier Oil PLC listed on your main board or any board of LSE. The website is as below


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