The markets are very much fixated on the Federal Reserve chairman, Ben Bernanke’s, keynote speech tomorrow at Jackson Hole, Wyoming at the annual meeting of central bankers and economists. The interest is understandable, but Bernanke is unlikely to announce anything dramatic. The chatter about the meeting is almost an excuse for the current movements in…
Editor Update (16:11PM) – Very happy holding here. Looks like a nice strong close is in the bag and bodes well for an RNS tomorrow. The Independent ran the following this morning, “In better news, Aim-listed Xcite Energy continued its ascendance that began in July. Traders back from their August holidays have taken note of…
It’s been a rough couple of days for Borders and Southern with a fall back from 32p to 23p at its low point today. The shares spiked sharply last week after the announcement of a likely 190 million barrel gas condensate find in its South Falkland Island acreage. After the sell off, at 24-25p, the shares…
Back in 2008 and 2009, the UK and Irish governments threw serious amounts of tax payer money to bail out financial institutions that were considered “too big to fail” – Northern Rock, Royal Bank of Scotland, Anglo Irish amongst others. The peak cost to the UK tax payer was £1.2 trillion (though around £750bn has…
The Chinese Shanghai Composite Index continued its precipitous decline yesterday, closing down over 1% at 2,065 – now 6% in the red for 2012 YTD and the lowest since March 2009. The reason for the further falls was China Premier Wen Jiabao’s comments at the weekend pledging new measures aimed at stablising export growth perhaps…
As widely predicted, its bad news (yet again) for the consortium of Range Resources, Red Emperor and Horn Petroleum drilling in Puntland, Somalia this morning. The RNS is as follows, The Shabeel North well has reached a total depth of 3,945 meters, penetrated 149 meters of interbedded sands and shales of the Triassic…
I came across an interesting perspective on South Falklands oil explorer, Borders and Southern, following the announcement of the estimated 190 million barrels recoverable of gas condensate announced last week. See article from seekingalpha,com below. The article highlights many of the issues facing Borders over coming months: 1. There is a very high cost of…
As has been much reported on this blog, the balance of power within the computer industry continues to shift away from the decades old desktop PC model underpinned by Microsoft Windows. The hardware technology power houses of the past such as Dell and Hewlett Packard are struggling to find their way in a world…
Its sure been a topsy turvy couple of years for investors in the Falklands Islands oil explorers. Rockhopper managed to find 355.6 million barrels of contingent resources (2c) following its successful 2010/2011 exploration campaign in the North Falkland basin. The company recently announced a farm out to Premier Oil to develop the Sea Lion discovery…
Renewed stimulus seems to be very much back on the agenda giving stock market indices a boost today. Yesterday’s weak manufacturing data from China added to the pressure on the government to intervene to hit its 7.5% GDP growth target. The PMI index dropped from 49.5 in July to 47.8 in August (anything under 50…
