Contrarian Investor UK

Xcite Energy announced this morning the successful conclusion of the Bentley North Sea field pre-production well test. Twenty one long months on from the first field flow test, the scene is now set to exploit the substantial field. Highlights Pre-production well test results exceeded management expectations Successfully demonstrated full field development drilling, completion, production and…

    On an earnings conference call this week, FedEx CEO Fred Smith seems to pour fuel on the fire to the argument that China’s performance isn’t rebounding any time soon, “The locomotive that has driven China’s growth is its export industries. And with the situation in Europe and, to a lesser degree, in North…

Kurdistan focused oil explorer Gulf Keystone Petroleum was up 9% today to 252p on reports of the initial ratification of a new export deal between the KRG (Kurdistan Regional Government) and the Iraqi central government, allowing a new oil and gas law to be enacted early next year. Such a law will allow the formalisation…

Kweku Adoboli It looks like UBS’s infamous rogue trader Kweku Adoboli who managed to lose $2.3 billion for the bank after a series of undeclared and bad bets in exchange traded funds, wasn’t only bad at trading in his work life but managed to do the same with his personal money! So much for being…

EDITOR NOTE – There is a very heavy short position in this stock with many spread bet firms refusing new shorts late last week. Additionally, a lot of nervous holders exited on rumours of a duster. In short, the ingredients are there for a short squeeze in FOGL and the first 10 mins of trading…

With the FTSE All share, Dow Industrials and S&P 500 all either close to or at 52 week highs and the U.S market showing very strong gains for year to date (S&P 500 up 16.5%), the big question is, how much further do markets have to go this year? As the previous post on the…

BAE systems is looking a little more perky today, rising over 3% to 347p after the volatility of the last two days which accompanied the announcement that it was in talks to combine with European focused aerospace company EADS. After an initial surge on Wednesday, scepticism about the deal set in yesterday and both companies…

After the announcement by the Federal Reserve of a further $40 billion a month to buy mortgage backed securities on an unlimited basis until employment rates improve (making a total of $80 billion a month with Operation Twist), the markets have responded very positively. The Dow Industrials moved 207 points higher, to finish at 13,540,…

Ben Bernanke, Chairman of FOMC An announcement is expected from the Federal Reserve’s FOMC (Federal open market committee) at 2.30 pm EST or 5.30 pm GMT after two days of deliberations on whether the Fed should intervene further to prop up the US economy. The Fed is also committed to an environment of ultra low…

24 hours ago, Falkland Oil and Gas was sitting just below 60p, right now its up 8% to 79.5p or over 30% in a day. On Monday lunchtime, the company issued a drilling update which precipitated a fall from the 90’s to the low 60p range (with 57p at its low) – the wording of…