XEL are perky against the market again today. The ‘ol traders gut’ tells me we are going higher, and sharply shortly. 10 day intra-day chart Go on XEL, the fundamentals make sense – you know you want to! To read an update on our AIM Oil & Gas plays, check out our latest issue here…
The mining sector as a whole is moving firmly into Buy territory for us – our favourites on pure valuation terms being Bumi, ENRC, Kazakhmys, Lonmim & Avocet Mining. Below is our interpretation of the Kazakhmys chart – we think we are withn 5-10p of a 30-40p rebound. There looks to be a 5 clear…
For more research & Technical Analysis from Cantor Index click here to register. UK Corporate Announcements Berendsen announces an H1 adjusted pre-tax profit of £51.5m from £48.4m on revenues of £488.2m from £495.9m Henry Boot states that it is trading in line with the forecasts Faro Petroleum announces that it has abandoned and plugged its Cooper Well…
Its sure been a topsy turvy couple of years for investors in the Falklands Islands oil explorers. Rockhopper managed to find 355.6 million barrels of contingent resources (2c) following its successful 2010/2011 exploration campaign in the North Falkland basin. The company recently announced a farm out to Premier Oil to develop the Sea Lion discovery…
The RNS just out on BOR confirming commercial quantities of gas condensate at their Darwin prospect is music to the bulls ears. We brought to our readers attention the “smoke signals” that were evident in the volume yesterday (link – http://www.spreadbetmagazine.com/blog/2012/8/22/borders-and-southern-here-we-go-again.html) and today management delivered – The initial condensate yield from the Darwin gas samples, as…
UK Corporate Announcements Kazakhmys states that it sees a positive outlook for copper, as it details H1 sales of $1.52bn from $1.82bn but does state that its performance has been affected by lower metals prices Diageo announces organic operating profits gained 9% just ahead of the forecasts and recommends an 8% increase in its dividend SIG…
Renewed stimulus seems to be very much back on the agenda giving stock market indices a boost today. Yesterday’s weak manufacturing data from China added to the pressure on the government to intervene to hit its 7.5% GDP growth target. The PMI index dropped from 49.5 in July to 47.8 in August (anything under 50…
Ben Bernanke, Chairman of FOMC Following a lacklustre start to the main session in the US today, equity markets closed on a strong note following the FED Minutes release. According to the FED Minutes, the open market committee is concerned with the current growth pace of the US economy, similarly with consumer spending and unemployment…
The countdown to the gas condensate results is in motion and with the look of the chart over the last 10 days somebody, including Ignis, thinks that there are commercial anounts there… On 23rd April, Borders and Southern announced that despite plenty of hype about a huge oil find from the SUN newspaper amongst others, the…
