The following piece from Seeking Alpha caught my eye. Although patently the author is long the stock and perhaps some of his rationale is skewed, the net breakdown of valuation large mirrors our assessment at SBM. Take a look and form your opinion. Remembering the investment adage – “the value is created in the buying”…
After months of waiting it looks like Xcite Energy share holders can finally look forward to some of the black stuff from the Rowan Norway rig on the Bentley North Sea field in the next few days (be nice for some blue stuff from the share price too!). The 9/3b-7 well was spudded on the 18…
Wasn’t too bad a day today, my trades have all basically paused while the USA are on holiday.Luckily the US doesn’t take that many holidays or this could make trading really boring! The UK sold off a little but didn’t really penetrate any major support. Meanwhile, I am keeping my eye on Gulf Keystone as…
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…
