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You are browsing the archive for 2014 June.

Detailed write up on Gulf Keystone in Sunday Times following board room shake up

Jun 29, 2014 at 3:51 pm in General Trading by contrarianuk · Leave a Comment »

The end of last week proved to be rather a profitable period of shareholders in Gulf Keystone Petroleum with the shares rising 15% on Friday and 27% for the week.

End of second quarter of 2014 looms – what markets and assets have performed best?

at 2:38 pm in Market Commentary by contrarianuk · Leave a Comment »

With the end of the second quarter of 2014 looming large, which markets have performed best so far? The S&;P 500 is the standout performer year to date with a strong second quarter (April-June) after a wobble back in February brought on by the Ukraine crisis

Quite a day for Hurricane Energy shareholders as shares rise over 50%

Jun 26, 2014 at 9:10 am in AIM by contrarianuk · Leave a Comment »

I did a write up on North sea oil explorer Hurricane Energy just over a week ago and the high expectations from this company were delivered in full today with a hugely positive RNS regarding their Lancaster well. The Lancaster Field, which is 100 per cent. owned by Hurricane, has estimated 2C Contingent Resources of 207 million barrels of oil equivalent (MMboe).

End game for Todd Kozel as Chief Executive of Gulf Keystone Petroleum

Jun 25, 2014 at 8:48 am in AIM by contrarianuk · Leave a Comment »

Another bruising board room battle at Gulf Keystone Petroleum by the look of it. Deputy Chairman Jeremy Asher is out and CEO Todd Kozel is “retiring” but remans on the GKP board as an Executive Director.

Comedy of errors at Berkeley Mineral Resources

Jun 24, 2014 at 1:09 pm in AIM by contrarianuk · Leave a Comment »

Zambian focused Berkeley Mineral Resources has had a topsy turvy week or so. For some who got out their profits they will be feeling pleased with themselves, for others its been another expensive lesson in AIM share trading. The episode certainly speaks of over exuberance by the management team at BMR and probably very badly worded RNS releases in the context of the source of the information i.e. the Zambian press. the shares have swung widely from 1.2p to  [read more →]

Muted response to Bowleven’s Etinde farm out news

at 9:01 am in AIM by contrarianuk · Leave a Comment »

Some surprise news today from Cameroon focused oil explorer, Bowleven, with the announcement of a farm out deal for their Etinde permit with LUKOIL and NewAge.

France drags down European performance

Jun 23, 2014 at 12:12 pm in Market Commentary by contrarianuk · Leave a Comment »

The indices are marginally down today after Markit published its review of June European economic activity in the eurozone called the The Markit Purchasing Managers’ Index (PMI) with its lowest rating in six months

Little sign of equity correction right now despite worries about oil price

Jun 22, 2014 at 2:42 pm in Market Commentary by contrarianuk · Leave a Comment »

Despite all the worries about Iraq and rising oil prices, it was comments from Federal Reserve chair Janet Yellen that soothed any nerves and gave the equity markets a strong boost towards the end of the week.

Markets zoom up as Fed reassures

Jun 19, 2014 at 10:05 am in Market Commentary by contrarianuk · Leave a Comment »

As expected the Federal Reserve’s FOMC meeting had the desired effect and this time around the markets liked what they heard with the S&P 500 breaching another record high and the FTSE 100 currently up 55 points to 6,883.

Key news for Hurricane energy due from Lancaster horizontal well

Jun 18, 2014 at 12:40 pm in AIM by contrarianuk · Leave a Comment »

Hurricane Energy (HUR) the North Sea, AIM listed, oil explorer focusing its effort on so called “fractured basement reservoirs” in granite formations in blocks 60 miles West of Shetland is due to report important news on its latest well in coming weeks.