The Goldman Sachs Commodity Index shown above is comprised of the principal physical commodities that are the subject of active, liquid futures markets including metals, energy and food. The GSCI is an excellent proxy for global demand and sentiment on the commodity front and looking at the last 4 months, the index has been remarkably…
Todd Kozel, the CEO of Kurdistan oil explorer Gulf Keystone Petroleum (GKP), has certainly had more than his fair share of controversy over the last couple of years. During a divorce court battle with his wife, Ashely, she alleged that he had hidden $150 million in Gulf Keystone shares in offshore trusts. Court depositions also…
After the disappointment of the Tapir South Well in May of this year and then the Kabeljou Nimrod Well in September, investors in offshore Namibia focused Chariot Oil and Gas have seen their investment plummet over 75% during the last year to settle around 30p. Chariot Oil & Gas today announced that it had entered…
Aluminium producer, Alcoa, kicked off the U.S. third quarter earnings season after the market close last night. The numbers coming of America’s leading companies will be closely watched over coming weeks with expectations of the first quarter on quarter profit declines in aggregate for 3 years. The fear is that analysts have been over optimistic…
Scancell, the AIM listed developer of DNA vaccines for the skin cancer – melanoma, has had one heck of a run in the last 12 months. After having a 10 for 1 share split in July 2011, it’s shares were sitting at around 5-6p, today they are trading at 56p despite the company issuing an…
It’s a bit of an understatement to say that it’s been a rough few months for shareholders of North Falkland basin explorer, Rockhopper Exploration. Since the announcement of a farm-out deal with Premier Oil on 12th July to bring the Sea Lion discovery to production, the shares have fallen by almost 50%. With the stock…
After the infamous May 6, 2010 U.S. “Flash Crash” in which the Dow Jones Industrial Average dropped about 1,000 points or 9% in minutes, only to recover those losses almost immediately, today it was the turn of the Indian stock market to do the same. The Indian market saw its “flash crash” wiped some $60…
The markets are relatively subdued this morning waiting patiently for this afternoon’s September US non-farm payroll data at 1.30pm GMT. Expectations are for a gain of 100,000- 110,000 jobs with the unemployment rate at 8.2%. The August data from the US Bureau of Labor Statistics showed total nonfarm payroll employment rose by 96,000 and the…
You would think that with over £1 trillion of national debt, the government would start being rather more careful with our money! But apparently not, with yesterday’s revelation that the botched bidding process for the West coast rail franchise would cost taxpayers £50 million to repay the bidding costs of those taking part in the…
It’s an unbelievable four profit warnings in a row now for UAE based oil and gas engineering company Lamprellwith this morning’s latest missive. The shares are down yet another 33% at 74p after touching a low of 64p first thing and compared with a 52 week high of 366p after further project delays and additional…
