Oil and Gas

Independent oil and gas producer Gulf Keystone Petroleum (LSE:GKP) is raising funds through debt financing to fuel the development of its asset in the Kurdistan Region of Iraq as well as to keep the company afloat, three weeks after the company reported its loss for the first six months of the year tripled compared to […]

Followers of AIM listed oil stocks Northern Petroleum (LSE:NOP) and Wessex Exploration (LSE:WSX) might have been expecting news from the second well to be drilled in Guyane in early November. I should warn them that it now looks likely to be late November. It does not change the story for Wessex or Northern much of […]

Sound Oil stock (LSE:SOU) has become attractive for lovers of trading and investing. Following a very serious and long-term bearish market, a strong rally took place early this week, as the bearish era peters out. The stock is now expected to continue going up, though that does not mean there cannot be bearish candles. There […]

Markets are trading up today but Oil does not seem to catch a break. Its downward slide is still on and it is trading 1.93 percent down at $90.12, after sliding below $90 in the early trades. Also, the entire energy sector is in the red zone, going against the broad market trend. The impact […]

Oil and gas engineering and contracting services provider Lamprell plc (LSE:LAM) warned today it will end the current fiscal year at a loss “significantly greater” than previously estimated and said it plans to appoint external advisors to determine how much the loss will be, following several delays in delivery of projects during the year. Back […]

Anyone who glanced at the trading board on the London Stock Exchange will definitely be prompted to ask what’s going on at Sound Oil plc (LSE:SOU). Looking at the turnover and the frequency at which the shares are being traded would make one trader initially think the oil and gas industry player has struck multi […]

There is a BUY signal on Petrel Resources (LSE:PET). This market is in an intriguing situation as buying pressures now exist on the stock. Pressure is what makes a market move in a direction, and it showcases what bulls and bears are doing and the kind of emotions they have. What is happening on the […]

Sound Oil (LSE:SOU) 3 In 1 On The Charting Buy Argument While the stock market seems to have gone crazy on the fundamentals of Sound Oil in terms of the fundamentals, and the likelihood of gas production by the end of the year, the technicals are if anything even more rosy. This is said on […]

Heavy trading of shares of Sound Oil plc (LSE:SOU) was seen earlier today after the independent oil and gas explorer said the regional authorities have approved its Environmental Impact Assessment in relation to the Rapagnano gas project in Central Italy, sparking hopes the company will start producing gas soon. Sound Oil stocks spiked 21.1% to […]

I have noted before that the valuation of AIM listed investment company Zoltav Resources (LSE:ZOL) is a total joke. Results today suggest that other folks are starting to twig. I am aware that Roman Abramovich’s son is the largest  shareholder so that might float your boat but this good ship is going down. The shares […]