Sep 04 2012 @ 09:22
All the signs point to Chariot Oil stock (
LSE:CHAR) plummeting. Even any supposed positive news might not help the stock to the upside. There are times when fundamental figures would be positive, yet certain stocks would still continue to weaken further. This presumed abnegation of any fundamentals could push the price up (futilely). Bad fundamentals […]
Sep 04 2012 @ 06:50
In the highly speculative business of oil and gas exploration, Enegi Oil plc (
LSE:ENEG) bets on the prospectivity of its Irish asset, which may contain shale gas. In a statement today, the independent explorer said the shale discovered from its acreage in County Clare, west of Ireland came from a “rich source rock” containing an […]
Sep 03 2012 @ 13:00
Upstream oil and gas firm Lochard Energy Group plc (
LSE:LHD) is putting itself up for sale as well as considering a merger, the company said today alongside the release of its unaudited full year results. The decision was made after discussions with several parties for a farm out deal for its Thunderball and Moby oil […]
Sep 03 2012 @ 09:22
AIM newcomer Eland Oil and Gas (
LSE:ELA) floated its new shares today, opening at 100 pence. The price was 110.00 during the noon hour on a volume of 2,081,196 shares after having reached as much as 115.00 during morning trading. Ready to Go after IPO Expecting to raise some £118 million based on the placing […]
Aug 31 2012 @ 06:00
Exillon Energy plc (
LSE:EXI) blames non-cash foreign exchange gains and write-offs from its assets that resulted in a negative bottom line for the first six months ending on 30th June 2012. The Russian-focussed independent oil producer said it was not able to earn foreign exchange gains as it did in 2011 and had to deduct […]
Aug 30 2012 @ 12:09
I noted here the other day that I had grave reservations about whether the Darwin condensate discovery made by AIM listed Falklands oil explorer Borders & Southern (
LSE:BOR) was indeed quite the company maker that some folks thought it was. The shares were, at that stage 32.5p. Today they are 24.25p. Apparently there is bad […]
Aug 30 2012 @ 04:00
San Leon Energy stock (
LSE:SLE) has experienced a pullback in the context of an ongoing uptrend. In long-term bear markets, there is always a bull market (or bull markets) somewhere, and San Leon Energy is no exception. The current pullback may proffer bulls with a ‘buy’ signal, as the analysis below shows. When this occurs, […]
Aug 29 2012 @ 08:09
The price on Border & Southern Petroleum (
LSE:BOR) is offering a peerless opportunity for traders and investors to go long – doing so at a very cheap price. What is happening on the market generally presages a bullish bias, as it would be explained below. In the near term, it appears that the price is […]
Aug 27 2012 @ 21:14
Sincere apologies but thanks to a well known website beginning with A, I have been using the wrong issued share capital in calculating a valuation for AIM listed oil penny share Range Resources (
LSE:RRL). There are not 1.129 billion shares in issue but 2.357 billion. Oh dear. This does nothing to alter the sell case […]
Aug 27 2012 @ 12:00
Having enraged half the lunatics who fall in love with small oil shares and post demonically on Bulletin Boards with my bearish remarks about AIM listed oil exploration stocks Range Resources (
LSE:RRL) and Red Emperor (LSE:RML) – and having been vindicated already – it is time to piss off the other half with a few […]