After a complete drubbing in recent months as the chart below demonstrates (90% capital destruction in just 6 short months), there seems to be a stock shortage in WGP amongst the marketmakers today and growing noises of an imminent positive news announcement… Perhaps City Index have settled with them? The volume in recent days looks…
Following the huge disappointment of the 80p placing a couple of weeks ago, Xcite Energy has pulled the reserves based lending deal out of the bag to largely fund phase 1b of the Bentley heavy oil field development programme. Huge relief for long suffering share holders! 22 June 2012 Xcite Energy Limited Signing of US$155…
Brent crude oil prices have had a rough time of late. Now trading at just under $90 a barrel, it is down from around $124 in late February and is close to its 52 week low. It peaked at just over $128 in 2008. A combination of worries about global growth, mitigation of supply worries,…
Japanese stocks are extremely cheap selling for up to half their book values. Rarely do high quality multinational companies with global earnings become subject to pricing at these cheap levels. The argument about Japan’s population halving in the next 50 years is, quite frankly, pure nonsense. Yes the population is getting older and yes it is…
Courtesy of www.bettertrader.co.uk, click here for link
Nokia is ripe as a $10 billion-plus takeover target for Microsoft. This would be a terrific deal for Mr. Softy. For Nokia too, of course. Whether life follows logic is another matter… In case you’ve been living under a rock, you’ll already know that Nokia, the Finnish cellphone company that once dominated the world, is having an even…
How extraordinary and unexpected are the twists and turns of history! Greece is renown as the seat of a brilliantly successful ancient civilisation, but these days for little else apart from corruption and tourism. According the CIA Yearbook*, Greece is the world’s 41st biggest economy, about the size of Vietnam and Bangladesh. So five or…
After a two day long meeting the US Federal Reserve FOMC (Federal Open Market Committee) decided to extend “Operation Twist” where short dated Treasury bonds are sold in exchange for longer dated bonds. No additional quantitative easing was announced for now, despite worries about slowing US economic growth and so holding the size of the…
There are a few interesting technical developments in the S&P 500 chart using the shorter term 15-minute timeframe that are worth watching as the stock markets continue to digest and discount news and data along the path of least resistance. The chart of the S&P shows the break of the inverse head and shoulders which…
Following on from our very popular blog of May 24th 2012 in which we opined upon the price appreciation potential of a basket of Oil Exploration stocks, it is encouraging to see that our stock picks are beginning to show signs of life. That the spread of stocks was (and make no mistake, still is)…
