The online grocery delivery company, Ocado Group, surprised investors this morning with a longer term resolution to its ongoing debt and covenant breach worries. The company floated at 180p in July 2010 and after after an initial flurry of excitement around the stock caused by takeover rumours and at which point the pension fund of the…
It’s certainly a tug of war for equity investors right now. Some strong corporate earnings from the U.S. from the likes of Home Depot and Cisco together with continued loose monetary policy (low interest rates and quantitative easing) are going head to head with some of the big issues looming over the world economy at…
Irish focused oil and gas company, Petrel Resources has come down to earth a little today with a 28% fall to 19.75p, after rising as high as 32.5p this morning, up over five times compared to 6p on Friday. Its market cap has risen from around £3 million to £16 million on hopes it could…
Energy support services group Cape is down 32% to 178p this morning following the revelation that it has discovered accounting irregularities at its Australian business and as a result has initiated “a detailed analysis of all balance sheet items group-wide” as well as warning of further potential cost overruns at its Algerian Arzew liquefied natural…
Xcite Energy released their quarterly results for the period ending September 2012 which confirmed what Edison said in their recent broker report that farm out discussions and a new competent persons report would not be completed until 2013. After all the talk of an imminent reserves upgrade on the bulletin boards, the hot money looks…
After moving to an all time high of $705 in mid-September, Apple shares have suffered in recent weeks, hitting $555 at the low yesterday on the big US sell off after Obama’s re-election, that’s a fall of 27%! In August, Apple became the world’s most valuable company and even after the sell off it is…
After sliding the last couple of days on general market weakness and whilst the court case against Excalibur Ventures drags on, Gulf Keystone announced some further good news today from its drilling programme causing a 4% rebound to 190p. The company notified the Sheikh Adi Block Management Committee of a discovery made on the Sheikh…
Will it be Republican Mitt Romney or Democrat Barack Obama who are victorious in today’s U.S. Presidential election and find themselves in the White house? Its neck and neck, so it looks like the result could go either way. For investors, there’s a few things to think about. Whoever wins, the new President will have…
Caza oil and gas, whose shares are up 50 percent in the last week on news flow from its New Mexico assets had more good news today with the issue of a further production update. Caza is currently up a further 4.5p or 32% to 19p, compared with 7p in early October. Under controlled flowback,…
U.S. focused oil and gas exploration group, Caza Oil and Gas, has been having quite a week. It is up yet another 17% to 13.5p, and so capping a 50% plus rise in less than 7 days! As highlighted by a blog post last week (http://www.spreadbetmagazine.com/blog/caza-oil-and-gas-storms-up-25-on-operational-update.html), the re-rating has been driven by a positive operational…
