Malcys


All posts for Malcys

Oil Price, Savannah, Range, Pantheon, and Finally…

WTI $45.88 -$2.29, Brent $54.35 -$2.89, Diff -$8.47 -$1.57, NG $3.58 -14c Oil Price Whether you call it a risk off moment after the Fed and others warned about the economy next year or just a supply worry that Opec+, ie Russia won't cut production next year the oil price retreated and will li ...

Malcolm Graham-Wood - Malcy's Blog


Posted 7 months agoOpinion > oil priceSavannah PetroleumSVP +6

Oil Price, Faroe, President, Range, Wentworth, and Finally…

WTI $47.20 +96c, Brent $57.24 +98c, Diff -$10.04 +2c, NG $3.73 -11c Oil Price A rally yesterday after a handy set of inventory numbers but oil is down again today after world markets did not like the rate rise from the Fed. The EIA announced a crude draw of around half a million barrels which ...

Malcolm Graham-Wood - Malcy's Blog


Posted 7 months agoOpinion > oil priceFaroe PetroleumPresident Energy +6

Oil Price, Reabold, Angus, IOG, and Finally…

WTI $46.24 -$3.64, Brent $56.26 -$3.35, Diff -$10.02 +29c, NG $3.84 Oil Price Another very bad day for oil yesterday and whilst news is still not good it is certainly not as bad as this price suggests. Today is Fed decision day and we are led to believe that another rise is on the cards but f ...

Malcolm Graham-Wood - Malcy's Blog


Posted 7 months agoOpinion > oil priceReabold ResourcesAngus Energy +6

Petrofac, President, IOG, Infrastrata, IGas, Cairn/Far, Aminex

Petrofac Trading update from PFC this morning, all in line with expectations, indeed I would venture that this is a pretty good update given where company has come from. The $5bn order intake is impressive giving a backlog of $10.2bn and with over $15bn of tenders out the outlook for 1H 2019 is ...

Malcolm Graham-Wood - Malcy's Blog


Posted 7 months agoOpinion > PetrofacPresident EnergyIOG +10

Oil Price, DGO, Block Energy, and Finally…

WTI $52.58 +$1.43, Brent $61.45 +1.30, Diff -$8.87 -13c, NG $4.12 -1c Oil Price It looks like the oil price will be roughly even on the week, today it is down a touch on the poor Chinese economic data but the better than expected inventory data from the API, EIA and Genscape have also shown s ...

Malcolm Graham-Wood - Malcy's Blog


Posted 7 months agoOpinion > MalcyMalcysMalcy's Blog +5

Oil Price, Frontera, Solo, Echo, Reabold, RockRose and Finally…

WTI $51.65 +65c, Brent $60.20 +23c, Diff -$8.55 -42c, NG $4.41 -14c Oil Price A small rally yesterday followed by a larger one this morning. Yesterday there was slightly better news on the US/Sino trade front with better vibes from the White House. With Libya now looking to be 400,000 b/d adr ...

Malcolm Graham-Wood - Malcy's Blog


Posted 7 months agoOpinion > oil pricefrontera resourcesSolo Oil +7

Oil Price, Amerisur, Coro, Range, Aminex, Jadestone, and Finally…

WTI $52.61 +$1.12, Brent $61.67 +$1.61, Diff -$9.06 +49c, NG $4.49 +16c Oil Price Well it was at least a deal and one that markets liked, just about. Closing prices were well off the top showing that even 1.2m b/d off the market is no guaranty of returning to recent price levels. It looks lik ...

Malcolm Graham-Wood - Malcy's Blog


Posted 7 months agoOpinion > MalcyMalcysMalcy's +7

Oil Price, President, Sound, Ophir, Premier, Tower and Finally…

WTI $51.49 -$1.40, Brent $60.06 -$1.50, Diff $8.57 -10c, NG $4.33 -14c Oil Price Markets don't like uncertainly and that is what they are getting at the moment. Opec met yesterday and unusually didn't have an agreement ready to go partly as they couldn't agree exactly what to say. Today Opec ...

Malcolm Graham-Wood - Malcy's Blog


Posted 7 months agoOpinion > MalcyMalcysMalcy's +7

Oil Price, Rose Petroleum, and Finally…

WTI $52.89 -36c, Brent $61.56 -52c, Diff -$8.67 -16c, NG $4.47 +1c Oil Price The day of the Opec+ meeting has arrived with seemingly little consensus but for a general agreement that production cuts are necessary. I suspect that this will be one of those meeting outcomes that will be some sor ...

Malcolm Graham-Wood - Malcy's Blog


Posted 7 months agoOpinion > oil priceRose PetroleumMalcy +3

Faroe, Eco Atlantic, Infrastrata

Faroe Petroleum Faroe has announced a Norwegian asset swap with Equinor, it trades out of all interests in the Njord and Hyme redevelopments and the Bauge development assets in return for four production assets on the Norwegian continental shelf being Alve, Marulk, Ringhorne East and Vilge. The ...

Malcolm Graham-Wood - Malcy's Blog


Posted 7 months agoOpinion > Faroe PetroleumFaroeEco Atlantic +6

Oil Price, Reabold, DGO, Lekoil, and Finally…

WTI $50.93 -52c, Brent $58.71 -80c, Diff -$7.78 -28c, NG $4.61 -3c Oil Price Friday was listless, no news had started to come out of G20 so no positions were taken as a result. All is different this morning though as risk is being taken off in most markets. This is for two reasons, firstly th ...

Malcolm Graham-Wood - Malcy's Blog


Posted 7 months agoOpinion > oil priceReabold ResourcesDGO +6

Oil Price, Tullow/Eco, Providence Resources, and Finally…

WTI $51.45 +$1.16, Brent $59.51 +75c, Diff -$8.06 -41c, NG $4.65 -5c Oil Price A better day yesterday although my trading friends say that to start with it looked like another melt, WTI traded sub $50 and looked dead and buried until someone found a quote from a sundry Russian saying that the ...

Malcolm Graham-Wood - Malcy's Blog


Posted 7 months agoOpinion > MalcyMalcysMalcy's Blog +6

Oil Price, IOG, Eco Atlantic, Egdon/Europa/Union Jack, and Finally…

WTI $50.29 -$1.27, Brent $58.76 -$1.45, Diff -$8.47 -18c, NG $4.72 +45c Oil Price More grief in the oil markets yesterday as the concerns about the G20 meeting and next week's Opec+ meeting worry the market. Will Putin turn into a low oil price market share bully and will Trump exert so much ...

Malcolm Graham-Wood - Malcy's Blog


Posted 7 months agoOpinion > oil priceIOGIndependent Oil & Gas +9

President Energy, Pantheon Resources, Eco Atlantic

President Energy President has announced the completion of the acquisition of interests in the Rio Negro Province in Argentina. The purchase price is $9.9m of which $8.7m was paid yesterday the rest to be paid in 12 months time from operational cash flow. This has been financed partly through an ...

Malcolm Graham-Wood - Malcy's Blog


Posted 7 months agoOpinion > President EnergyPantheon ResourcesEco Atlantic +5

Oil Price, Rose, President, IGas, Faroe, Petro Matad, Lamprell, and Finally…

WTI $51.63 +$1.21, Brent $60.48 +$1.68, Diff -$8.85 +47c, NG $4.25 -6c Oil Price Seems like a long blog but some comments are just well spuds and a couple that didn't get in yesterday due to time constraints. The oil price rallied yesterday for the usual host of reasons. It was rumoured that ...

Malcolm Graham-Wood - Malcy's Blog


Posted 7 months agoOpinion > oil priceRose PetroleumPresident Energy +8