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Borders and Southern spudded the 61/25-1 well on the Southern Falkland basin Stebbing prospect on 11th May and today, over two months later, the company announced that the well was unable to reach lower targets due to anomalous pressure conditions with strong gas shows. Despite additional contingency well casing, they were unable to evaluate the…

Nokia shares hit a fresh 16 year low last week moving below €1.50 (down 63% in the last year) on news that it was continuing to lose share of the smartphone market in the United States and also cutting the price of its flagship Lumia 900 phone from $99 to $49. An act of desperation…

Monday, July 16, 2012 UK Reporting:- Evraz Plc, EVR, (R), Logica Plc, LOG, (SM), Sage Group Plc/The, SGE, (R), Sthree Plc, STHR, e, (CC), Sthree Plc, STHR, (R) S&P 500 Reporting:- Cintas Corp, Q4, 0.6, Citigroup Inc, Q2, 0.893, Gannett Co Inc, Q2, 0.534, Euro Stoxx 600 Reporting:- Kuehne & Nagel International AG, Q2, 1.08 Economic Data:- 00:01…

If you’re not familiar with the CBOE Market Volatility Index the so called VIX, it’s often referred to as the “fear index” because of its tendency to rise when the market falls. What it actually does is use prices on the S&P 500 Index options to measure the market’s expected volatility over the next 30…

Technical Analysts say that repetitive patterns are the corner stone to all charting systems and so this week I have been looking for some patterns that I can incorporate into my strategies. I already look for what are called “Inside and Outside Bars” for clues when to get into and out of trades. Having watched…

On Thursday, North Falklands Island oil explorer Rockhopper Exploration announced a $1 billion farm-out deal with Premier Oil in exchange for a 60 per cent stake in Rockhopper’s licences in the Islands. The deal makes Premier operator of the Sea Lion discovery with Rockhopper being the sub-surface lead as well as Premier also gaining access to…

  What an Xciting week! Rarely do you see a share have such an up and down week on AIM when there is no real newsflow to drive it. Xcite (Yes, hands up , I own a few thousand shares, and like many other holders am slightly in the red) is one of just a…

It’s been a difficult market to gauge for traders so far this year, after a stellar start to the year which saw the S&P 500 rise by 164 points or 13% to peak at 1422 on 2nd April. Technical reversal patterns then set the next stage to a low of 1266 on 4th June, which…

After the major disappointment to investors of the FOMC minutes released this Wednesday, everyone was concerned with what could come from China overnight in terms of GDP data. If you were one of those brave souls (or just an insomniac!) waiting up until 2 am before going to bed, then you may have had a…