The big overnight move was in oil which rallied close to 5% on the back of rising tensions in Iran – and a military build up by the US in the Strait of Hormuz – along with stronger factory orders in the US. An army general in Iran was reported as saying the country wouldn’t…
UK MARKET NEWS Manchester United has now filed for its IPO to list on the NYSE, and is raising just $100m, well under the $500m talked about a week or two ago, and well under the $1bn cited on a possible Singapore IPO, it did not state how many shares would be sold or at what price,…
BlackBerry news in the last week has had it’s plenty of downs to say the least! However, with this less than par news we have gained plenty of new insight into the BlackBerry 10 platform and what it entails. The news has taken us on a roller coaster. From everything about the delay of BlackBerry 10…
The table below is pretty inreresting to us. In short, it is a measure of each company’s current Enterprise Value (market cap + debt) relative to its ‘proven and probable’ reserves. Heritage Oil stands out (as it has done for the last 6 months and as detailed in our Conviction Buy recommendation in the May…
I made a long winded post this morning before the markets woke up. It detailed 10 reasons to consider buying Gulf Keystone Petroleum this morning. Out of the 10 reasons to consider trading GKP, only 1 gave me a really good indication that today was going to be a good day to Buy.1 out of…
Last Friday morning Kurdistan focused oil explorer Gulf Keystone Petroleum hit 141p as the euro zone crisis rumbled on. It is now up 40p to 216p. A tidy 53% profit for those brave (or foolhardy!) enough to buy at the lows. In common with many other AIM and small cap oil and gas stocks (Bowleven,…
Both oil and gold are rebounding, but the metal’s 3-month rally relative to energy has once again stalled at familiar levels (see chart below). This, according to recent history, has important market implications. The economic and technical rationale is outlined below. Gold/Oil Ratio Implications for Equities Declining Gold/Oil ratios have historically proven positive for global…
After the trials and tribulations of Egyptian gold miner – Centamin Egypt over the last few months, it is the turn of fellow small cap gold player, Avocet Mining, to fall back to earth on production issues. Avocet is a focused West African gold mining and exploration company with its primary operations in Burkina Faso…
Given all that has happened in markets this year, many would be forgiven for thinking we were further than half way through it. The six months that have elapsed have themselves been a tale of two halves. Optimism over the global economic recovery saw many stock markets push on towards multi-year highs by the end of…
Overnight, European and US equity markets managed to hold onto Friday’s large gains which is an important sign that we may have reached a significant turning point. The “risk off” trade is clearly unwinding with the VIX falling below 17 for the first since the onset of the correction in early May. I have highlighted “correction”…
