Contrarian Investor UK

US employment data key to today’s action

US employment data key to today’s action

0 mins. to read

The closely watched June U.S. non-farm payrolls employment data will be released at 1.30 pm UK time, with expectations that the economy will add 100,000 jobs. The data disappointed markets when it missed estimates in April (+77,000 jobs) and in May (+69,000 jobs), sending the global stock indices down signficantly over the following days. Yesterday,…

Xcite Energy nears start of extended well test

Xcite Energy nears start of extended well test

0 mins. to read

After months of waiting it looks like Xcite Energy share holders can finally look forward to some of the black stuff from the Rowan Norway rig on the Bentley North Sea field in the next few days (be nice for some blue stuff from the share price too!). The  9/3b-7 well was spudded on the 18…

Drill bit still turning at Borders and Southern Stebbing well

Drill bit still turning at Borders and Southern Stebbing well

1 mins. to read

An interesting AGM on Friday for South Falkland focused oil explorer Borders and Southern. Thanks to Gramacho, Flying mule, stayhungry, fadilz on the iii.co.uk bulletin boards for some insightful posts  as well as the AGM presentation (http://www.bordersandsouthern.com/media/pdf/AGM2012.pdf) from which I’ve summarised some of the key points. The company announced that the Stebbing drill and the gas…