Malcy's Blog


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Oil Price, Amerisur, President, Trinity, and Finally…

WTI $67.39 +32c, Brent $72.58 +56c, Diff -$5.19 +24c, NG $2.73 +5c Oil Price The week ended with a bang, especially if you were near any chemical factories near Damascus and ironically the thought that Saturday night's bombings were, at least for the time being, the end of the matter has tak ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 year agoOpinion > oil priceAmerisur ResourcesPresident Energy +5

Oil Price, Echo Energy, Zenith, and Finally…

WTI $67.07 +25c, Brent $72.02 -4c, Diff -$4.95 -29c, NG $2.69 +1c Oil Price The market paused yesterday and took stock of a week that virtually had everything, except the denouement of course. The Donald has not yet pressed the red button but knows he can when he wants and Syria is the perfec ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 year agoOpinion > oil priceEcho EnergyZenith Energy +3

Oil Price, SDX Energy, Petro Matad, Falcon, Pantheon and Finally…

WTI $66.82 +$1.31, Brent $72.06 +$1.02, Diff -$5.24 -29c, NG $2.67-1c Oil Price Another strong day for oil yesterday and it is modestly higher again this morning, few could argue that at the moment it is all about geopolitics as the Donald and Putin square off against each other over Syria. B ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 year agoOpinion > oil priceSDX EnergyPetro Matad +5

Oil Price, Range Resources, Cabot, GKP, Getech, and Finally…

WTI $65.51 +$2.09, Brent $71.04 +$2.39, Diff -$5.53 +30c, NG $2.66 -4c Oil Price Oil prices are up over 5% in the last two days for a number of differing reasons. As I noted yesterday there appears to be some degree of conciliation in the tariff wars between the USA and China but don't hold y ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 year agoOpinion > MalcyMalcy'sMalcy's Blog +7

Oil Price, Hurricane, Faroe, Zenith, And Finally…

WTI $63.42 +$1.36, Brent $68.65 +$1.54, Diff -$5.23 +18c, NG $2.69 -1c Oil Price It's a bit of a see-saw life in the oil market at the moment with traders having to be on their toes even more than usual. Yesterday crude oil rallied sharply as it was tariff war off and Syria war back on which ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 year agoOpinion > oil priceZenith EnergyHurricane Energy +4

Oil Price, Coro Energy, Columbus, Pantheon, Aminex, and Finally…

WTI $62.06 -$1.48, Brent $67.11 -$1.22, Diff -$5.05 +26c, NG $2.70 +3c Oil Price At the moment oil is behaving like a number of commodities, ie the continued tariff war between the USA and China as well as the spat between Russia and most of the Western world is playing a more important part ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 year agoOpinion > oil priceCoro EnergyColumbus Energy Resources +8

Oil Price, Echo Energy, Range Resources, Chariot and Finally…

WTI $63.54 +17c, Brent $68.33 +31c, Diff -$4.79 +14c, NG $2.67 -4c Oil Price The oil price is more volatile than usual at the moment and whilst fundamentals look pretty positive and news yesterday from say, Saudi Arabia on pricing, was positive the US/Sino trade wars are influencing more than ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 year agoOpinion > oil priceEcho EnergyRange Resources +4

Oil Price, Faroe, Ascent Resources, and Finally…

WTI $63.37 -14c, Brent $68.02 -10c, Diff -$4.65 +4c, NG $2.72 +2c Oil Price The weakness I mentioned yesterday at the start was abruptly turned around by a good set of EIA inventory stats. The draw of 4.62m barrels was better than expected by a margin and having been a buck 50 down crude reco ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 year agoOpinion > oil priceFaroe PetroleumAscent Resources +3

Oil Price, Amerisur, Faroe, and Finally…

WTI $63.51 +50c, Brent $68.12 +48c, Diff-$4.61 -2c, NG $2.70 +2c Oil Price A modest bounce yesterday with the Russian Oil Minister suggesting that they will discuss long term cooperation at the upcoming ministerial talks. Equities bounced which took commodities with them and Bloomberg announc ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 year agoOpinion > MalcyMalcy'sMalcy's Blog +5

Oil Price, Savannah Petroleum, Wentworth Resources, Providence and Finally…

WTI $63.01 -$1.93, Brent $67.64 -$1.70, Diff -$4.63 +23c, NG $2.68 -5c Oil Price The chartists are giving it some this morning as they had been getting worried that all their resistance points for crude oil were being wiped out. They now see further falls back to $60 but hey, they're chartist ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 year agoOpinion > oil priceSavannah PetroleumWentworth Resources +5

Zenith Energy, Providence Resources

Zenith Energy Zenith has announced that it has entered into an option to purchase with binding exclusivity an oil production asset located in Indonesia. The proposed acquisition envisages Zenith acquiring a 100% WI in an oil production licence which contains two onshore blocks totalling 65 sq ki ...

Malcolm Graham-Wood - Malcy's Blog


Posted 2 years agoOpinion > Zenith EnergyProvidence ResourcesMalcy +3

Oil Price, Cairn, Chariot, Touchstone, Falcon Oil & Gas, and Finally…

WTI $65.55 -33c, Brent $70.12 -33c, Diff -$4.57 n/c, NG $2.62 +3c Oil Price The market is quiet, unsurprisingly as we come to the month and quarter end, this year also coinciding with the Easter break. Crude though is holding levels that the bears can't understand although seems quite natural ...

Malcolm Graham-Wood - Malcy's Blog


Posted 2 years agoOpinion > oil priceFalcon Oil & GasCairn Energy +5

Oil Price, SDX Energy, Plexus Holdings, Columbus and Finally…

WTI $65.88 +$1.58, Brent $70.45 +$1.54, Diff -$4.57 -4c, NG $2.59 -3c Oil Price Last week ended up being a very good week for oil price bulls with WTI gaining $3.54 or 5.71% and Brent up $4.24 or 6.4%. Quite why and how this good news is not being reflected in the oil sector share prices I am ...

Malcolm Graham-Wood - Malcy's Blog


Posted 2 years agoOpinion > MalcyMalcy'sMalcy's Blog +5

Oil Price, SDX Energy, Savannah Petroleum, Sundry-Aminex-Gulfsands-Frontera-Lamprell, and Finally…

WTI $64.30 -87c, Brent $68.91 -56c, Diff -$4.61 +31c, NG $2.62 -2c Oil Price After a fast and furious week, for me and the oil price, it looks like crude will end up testing important levels, WTI is close to $65 as I write and Brent is $69.21. The main reason for the strength this week has be ...

Malcolm Graham-Wood - Malcy's Blog


Posted 2 years agoOpinion > oil priceMalcyMalcy's +8

Saffron/Coro, Range Resources, Genel Energy, SDX Energy

Saffron/Coro- James Menzies joins the Holy Trinity… Saffron has announced today that James Menzies is to join as CEO with effect from the first of May. James was founder of Salamander Energy, later taken over by Ophir Energy in a transaction worth $850m in 2015. Menzies will join the board with ...

Malcolm Graham-Wood - Malcy's Blog


Posted 2 years agoOpinion > SaffronSaffron EnergyCoro Energy +6