AIM listed Rockhopper has sold 60% of its Falklands Oil field to Premier Oil, the FTSE 100 giant. 700 million barrels of oil and counting is a lot of resources to have. Small wonder the Argentinian Govt has been sabre rattling in recent months of the territorial ownership. Whilst one could have made a lot…
Minutes from the last FOMC meeting held on June 19-20 were released yesterday. Investors, traders, spread betters, and all other market participants were desperately expecting the report to give some clues that QE3 is being cooked to be served up soon but it seems the FED is just kicking the can down the road (like…
Avocet Mining has certainly caused pain and consternation amongst their shareholders in revent week with the publication of surprise negative update on. Output guidance was down, cost guidance up and expansion plans in the air! The news was completely out of the blue which the market always punishes more severely than usual and does not…
The S&P 500 was virtually flat yesterday after rallying off intraday lows and shrugging off the FOMC minutes released earlier in the session. The notes of last month’s meeting revealed that the Fed remains reluctant to engage in further QE unless certain “hurdles” are met. Whilst a few members expressed their views that further policy stimulus was…
A stabilizing US trade deficit in May to $48.7 bn from $50.6 bn is always good news, but when both imports and exports show signs of a flattening (see chart below), making the connection to world growth becomes inevitable. Extending the analysis to commodities and equities, we note a close relationship between the rate of…
Extracts from RNS Rockhopper, the North Falkland Basin oil and gas company, is pleased to announce that it has entered into a conditional farm-out agreement with Premier Oil plc (“Premier”), regarding the Company’s interests in its petroleum licences in the North Falkland Basin (the “Transaction”). Highlights of the Transaction — Premier to acquire 60 per…
UK Corporate Announcements SuperGroup states that it remains committed to measured growth as it reports an underlying pre-tax profit of £42.8m from £50.2m on revenues of £313m Ashmore Group announces AUM fell 3.3% from Q3 to $63.7bn Lavendon states that it has performed ahead of the targets Associated British Foods states that its trading outlook for the full year is in line with…
And so, the third quarter has just started and investors are looking back trying to get some clues on what is going to happen before packing their bags and jumping on a plane to the next sunny beach with a calm and transparent water. Last year was frightening and no one wants to repeat the…
Quite a day for Xcite Energy! After showing the usual pattern of daily decline with a drop to 64p this morning, it is now looking rather lively with a 9% gain to 74.5p. Plenty of rumours of a StatOil takeover bid, but all unsubstantiated. The rumour mill has started that’s for sure, long may it…
