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Oil price, Tullow, Cairn, Cape, Velocys, And finally...

Oil price The above prices are slightly skewed as the US was shut for MLK day, I suspect that tomorrow will rearrange the order of things. I remain sceptical about bulls and bears sticking to their view, yesterday the Saudis said that after the May meeting the quotas may not need to be rolled over ...

Malcolm Graham-Wood - Malcy's Blog


Posted 4 hours agoOpinion > Malcy's BlogTullow OilCairn Energy +2

Oil price, Trinity E&P, Andes Energia, And finally…

Oil price Another good day yesterday as news that the Saudis production was falling more than expected came out. With production now below 10m b/d they are clearly making up for any quota busters such as Iraq. Bears of the deal will clearly take it as bad news that the Saudis have to make up for o ...

Malcolm Graham-Wood - Malcy's Blog


Posted 4 days agoOpinion > Malcy's BlogTrinity Exploration & ProductionAndes Energia

Oil price, SDX Energy, Ithaca, Faroe, Premier, Ophir, Wressle, And finally…

Oil price There are going to be a lot of weeks like this so get used to it! The Grand Old Duke of York would be proud of the ups and downs of the oil market mainly on the whim or rumour whirling around. Yesterday the good news was provided by the Saudis and the Russians who said that they were alr ...

Malcolm Graham-Wood - Malcy's Blog


Posted 5 days agoOpinion > Malcy's BlogSDX EnergyIthaca Energy +3

Oil price, Tullow, Sundry-Wood Group-President- And finally…

Oil price Another down day as one might expect, this process is going to take some time and it wouldnt be normal if a combination of greedy hedgies and short term ambulance chasers didnt knock the market some days. The last couple of days have been all about Iraq and the extent to which they are c ...

Malcolm Graham-Wood - Malcy's Blog


Posted 6 days agoOpinion > Malcy's BlogTullowWood Group +1

Oil price, Amerisur, Petrofac, Sundry-Plexus-Genel-Aminex-Sound Energy-Chariot-Trinity- And finally…

Oil price The oil price was steady enough last week, a pretty good performance under all circumstances. It battled with a strong dollar probably likely to be made stronger, as the NFP numbers were low field but wage growth indicated some heat in the US economy that will likely be treated by rate r ...

Malcolm Graham-Wood - Malcy's Blog


Posted 7 days agoOpinion > Malcy's BlogAmerisur ResourcesPetrofac +5

Oil price, Sound Energy, Cape, Sundry-Tullow-Plexus- And finally…

Oil price Another good day for the oil price as the KPC confirmed that it was cutting production in January as part of the Opec agreement. Further good news came from Bloomberg as their survey showed that in December Opec output fell by 310/- b/d to 33.1m b/d. Another vaguely positive number was ...

Malcolm Graham-Wood - Malcy's Blog


Posted 8 days agoOpinion > Malcy's Blogoil priceSound Energy +3

Oil price, Range Resources, And finally...

Oil price The strong dollar hit the crude price yesterday although traders reported some selling of WTI as it hit the landmark $55 level, not seen since June 2015. The US economy looks like it might benefit from some straight talking from the President-elect to the motor industry… Range Resources ...

Malcolm Graham-Wood - Malcy's Blog


Posted 12 days agoOpinion > Malcy's BlogRange Resources

Oil price, Pantheon, Amerisur, And finally…

Oil price 2016 turned out to be a pretty good year for the oil price and the end year comparisons dont tell the whole story about the lows in January and February. WTI ended up with a gain of $16.68, +45% whilst Brent rose $18.85 or 52%. This mornings price are better again, WTI is $54.99 and the ...

Malcolm Graham-Wood - Malcy's Blog


Posted 13 days agoOpinion > Malcy's Blogoil pricePantheon Resources +1

Oil price, Amerisur, Victoria Oil & Gas, Sundry-Faroe-IGTV interview on bucket list.

Oil price The oil market is now almost shut for the Christmas holiday and was solid yesterday on the back of pretty good US economic data. It is worth keeping an eye on the natural gas price which remains firm and is probably likely to remain so. Preliminary numbers on US natural gas consumption ...

Malcolm Graham-Wood - Malcy's Blog


Posted 25 days agoOpinion > Malcy's BlogAmerisur ResourcesVictoria Oil & Gas +1

Oil price, Rockhopper, Sundry- Cape- RockRose Energy- Falcon-, Aminex/Solo, And finally ...

Oil price Just as I said that the inventory stats would remain helpful we got one that rather unsettled the market. With the EIA showing a build of 2.3m barrels after an API draw and forecasts of a draw of around 2.4m the market was flummoxed especially as refinery rates were up. It turns out tha ...

Malcolm Graham-Wood - Malcy's Blog


Posted 25 days agoOpinion > Malcy's BlogRockhopper ExplorationRockRose Energy +2

Oil price, Rockhopper, Amerisur, Faroe, And finally...

Oil price The only major item of note yesterday was a narrowing of the discount of WTI to Brent, this  came partly as traders feel that the the UK pipeline reopening brings more Brent to the market and slightly weakens the relative prices and partly as the gap has simply become too high. Apart fr ...

Malcolm Graham-Wood - Malcy's Blog


Posted 28 days agoOpinion > Malcy's BlogRockhopper ExplorationAmerisur Resources +1

Malcy on TipTV - CEO interview: Hugh Mackay, Europa Oil & Gas

Europa Oil & Gas CEO Hugh Mackay updates Tip TV viewers about Europa's markets of offshore Ireland and onshore UK. “The company is financed for 2017” says Mackay and adds that the focus in 2017 is to bring Wressle on stream, work on the discovery in Holmwood and start drilling in Atlantic Ireland. ...

Malcolm Graham-Wood - Malcy's Blog


Posted 29 days agoOpinion > Malcy's BlogEuropa Oil & GasHugh Mackay

Amerisur Resources, Pantheon Resources and Thalassa Holdings

Amerisur Resources An update from john Wardle in Colombia this morning which is a bit mixed but with no fundamental problems. The near term production target of 7,200 b/d scheduled to be reached at the end of this year has been put back by a quarter in 1Q 2017, a number of social issues have take ...

Malcolm Graham-Wood - Malcy's Blog


Posted 30 days agoOpinion > Amerisur ResourcesPantheon ResourcesThalassa Holdings +1

Oil price, Shell, Petrofac, Sound Energy, And finally...

Oil price Traders told me yesterday that the market was looking to have a correction so when the EIA inventory stats came out, although initially pleasing, they found some dirt. That was in the fact that although there was a useful draw of 2.6m barrels, better than forecast and the API number it ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > Malcy's BlogShellSound Energy +1

Flash blog from Malcy about Hunting

Hunting Just a quick comment on Hunting today following their trading statement which reads as well as can be expected under the circumstances. 2016 will finish in line with expectations, the market is improving with conditions particularly benefiting the perforating business in West Texas. Elsew ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > Malcy's BlogHunting

Oil price, Sound Energy, Independent Oil & Gas, David Morrison, And finally...

Oil price The fact that the prices above, being the Friday night close, are out of date by well over two dollars indicates that the meeting in Vienna on Saturday between Opec and Non-Opec countries was deemed to be a success. As I write, WTI is $54.09 and Brent is $56.77, indicating that for the ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > Malcy's Blogoil priceSound Energy +1

Oil price, Trinity Exploration & Production, EPI/PDF, Podcast VOG/HUR, And finally...

Oil price It is back to Vienna who are this weekend hosting the Opec/Non-Opec meetings which the market will hope confirms their part of the recent bargain. Yesterday the market was in believing mood as Russia said it would cut, as did Azerbaijan, others may be a touch more recalcitrant. Either w ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > oil priceTrinity Exploration & ProductionEPI +3

Oil price, Shell, Plexus, EOG, Sundry-Faroe-Falcon-IOG- And finally...

Oil price Crude oil has drifted back in the last couple of days, production is obstinately high, reports yesterday that Opec output in November was up to 34.2m b/d and that Russia was up to 11.2m b/d. Add to that news of first Saudi Arabia and then Kuwait cutting prices to Asian customers and one ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > oil priceShellPlexus +4

Oil price, Range Resources, Aminex/Solo, And finally...

Oil price Whilst many commentators remain unconvinced, the oil price is tracking upwards and for the moment giving the deal the benefit of the doubt. A decent spin from the 1oth December non-Opec meeting should cement, at least for the time being the situation. Range Resources Range has annou ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > oil priceRange ResourcesAminex +4

Oil price, BP, I Solo Oil, And finally...

Oil price I always think that it is rather nice when the market appears to be thinking with one voice, particularly if G Sucks is on the other side. The feedback from the Opec meeting is overwhelming cynical with most so called experts writing the obituary of the whole organisation let alone thi ...

Malcolm Graham-Wood - Malcy's Blog


Posted 1 month agoOpinion > oil priceBPSolo Oil +2