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Highlights OML 30, located onshore in the delta in Nigeria, includes eight producing fields and associated infrastructure, including a segment of the 850,000 bopd capacity Trans Forcados pipeline The Proposed Acquisition represents a significant opportunity for Heritage to achieve a material change in production and reserves OML 30 is currently averaging gross production of c.35,000…

Todays report that RIM is considering a variety of options including an outright sale of the handset division, splitting into two or a partial sale of the company to a third party does not surprise us. Our fellow blogger Contrarian UK listed the issues surrounding the eponymous Blackberry maker in a post yesterday and we…

From Reuters today. Click here for news link Heritage Oil has agreed to buy a stake in a string of Nigerian oilfield assets, known as OML 30, in a deal which Heritage said on Sunday would diversify its portfolio and significantly increase its production capabilities. Heritage and its Nigerian partner, Shoreline Power, have agreed to buy a…

An interesting AGM on Friday for South Falkland focused oil explorer Borders and Southern. Thanks to Gramacho, Flying mule, stayhungry, fadilz on the iii.co.uk bulletin boards for some insightful posts  as well as the AGM presentation (http://www.bordersandsouthern.com/media/pdf/AGM2012.pdf) from which I’ve summarised some of the key points. The company announced that the Stebbing drill and the gas…

The current sentiment backdrop for US & Global markets remains conducive to one in which equities are likely to continue higher and take out recent resistance. Below are 5 important elements to consider –  1. Short positioning. The disappearance of short covering that began in March and a build in short interest since May has…

Hello all new readers to my very first entry on the Spreadbet Magazine blog. I intend to share my thoughts & views on the current state of the market and, more importantly, the trades that I place – in short, I’m baring my trading soul and at the very least hope to illustrate where both…

Research in Motion, maker of the Blackberry, fell 19% yesterday to finish the US session at a new 12 year low of $7.39 making its market capitalisation now less than $5 billion. The company has remaining cash of $2.2 billion. In 2008 the company was trading $150 and its 52 week high is $33.  The…

After the despondency of Thursday, there was a significant snap back in stock indices and commodity prices yesterday after a last minute deal at the EU summit in Brussels to reduce the debt burden on Spain and Italy. The €440bn European Stability Mechanism (ESM) will be able to directly give loans to banks and buy…

UPDATE (1) – A VICTORY FOR THE SMALL SHAREHOLDER! THERET, WYNNE-EVANS & BASING WERE ALL VOTED OUT AT TODAYS AGM. CRACK OPEN THE CHAMPAGNE TONIGHT TROOPS & WAIT FOR THE POTENTIAL LEGALS SUITS REGARDING THE BOARDS CONDUCT IN RECENT MONTHS TO BEGIN TO SURFACE… And so the saga of Plus and the glaring disconnect between…