One of the more consistent stock market adages has been the advice to ‘Sell in May’. The general idea is that stock markets perform badly during the summer months and that you’d be better off staying away until the winter. The effect is linked to the ‘Halloween’ effect which proposes that stock markets perform best…
The Greek Finance Minister Yanis Varoufakis has said that he expects a bailout agreement to be reached in the coming days or weeks during a speech in Brussels. Mr Varoufakis said the country needs a bad bank to unclog the financial system and a development bank funded by the proceeds of privatisation. The European Central…
by Frederik Vanhaverbeke In the latest of a series of articles for Master Investor Magazine, Frederik Vanhaverbeke, author of Excess Returns: A comparative study of the methods of the world’s greatest investors, looks at how some of the world’s greatest investors are so successful. If you just stick to buying good companies (ones that have…
By Amy McLellan AIM micro-cap Northcote Energy has raised £2.8 million through a placing to new and existing investors, with the funds earmarked for its fledgling Mexican business. The placing shares, priced at a discount of 18.2 per cent to the prevailing market price, represent 20.77 per cent of the company’s issued share capital. Northcote…
By Stewart Dalby Solo Oil has exchanged its shareholding in Pan Minerals oil & Gas AG for a direct holding of 15.9 per cent in Burj Petroleum Africa, a private UK company created with the purpose of involving itself in marginal field opportunities in Nigeria. Burj Africa and its partners, Global Oil & Gas and…
By Amy McLellan Shares in AIM-quoted Chariot Oil & Gas were up more than six per cent on Tuesday as the company revealed it was serious about preserving cash. The Atlantic-focused explorer, which is no stranger to the highs and lows of the oil and gas roller-coaster, has announced that it will cut the remuneration…
By Stewart Dalby LGO Energy, which used to be called Leni Gas & Oil, intends to contiinue along the path it set out on in 2014 by drilling, in the new 2015 campaign, more wells into the deeper zones on its acreage in Trinidad. It has recently announced that well GY-672 spudded on April 15…
By Eithne Treanor The positive trend in the oil price continued this week with crude oil closing out its best monthly performance this year. The oil companies are comparing results and American production is slowing down. In early trading on Friday, Brent crude was priced close to US$67 with WTI not far from US$60 a…
After a number of slow years as it battled the realities of building a gas-based infrastructure from scratch in Cameroon, momentum is really building at Victoria Oil & Gas, with the shares having surged more than 100 per cent since early December. The AIM-quoted company has been steadily building supplies from its Logbaba gas-condensate field…
2015 is a big year for AIM-quoted InfraStrata, which is gearing up to drill two key wells in the next six months, including its maiden exploration well. First up, however, will be a well to recover salt cores on its Islandmagee gas storage project in County Antrim (InfraStrata has a 65 per cent stake). This…
