Oil and Gas

Independent oil and gas explorer and producer, Tullow Oil plc (LSE:TLW), has made its second oil discovery in Kenya, Africa but the find failed to spike market value. In a statement issued today, the London-listed constituent of the FTSE 100 said the Twiga South-1 exploration well encountered 30 metres of net oil pay after drilling […]

My friend the bear raider Evil Knievil always tells me that if you discover that a chairman or CEO has told one whopping lie, the odds are that he tells lots of lies. And on that basis unless the company has mammoth asset backing and highly visible earnings and cashflows the shares are a slam […]

If you can’t get your hands off of a very valuable piece of property located within the largest oil sand reserves in the world through a joint venture because you can’t agree with the details of the contract, buy the other company instead. Such is the plan of Mauricio Trevino Zambrano, a minority shareholder of […]

Africa- and South America-focussed oil and gas exploration firm, Clontarf Energy plc (LSE:CLON), led the gainers by percentage on the London Stock Exchange earlier today following advance discussions of possible partnership to develop its two wholly-owned acreages in Peru. The AIM-listed Clontarf gained as much as 40% by midday to 5.25 pence after saying that […]

The forecast below shows whether Tangiers Petroleum Limited (LSE:TPET) shares will plunge or not. When rifling through stock charts, I stumbled on this inimitable stock, which requires skill and experience to handle. Technical Forecast Irrespective of the large zigzag movements on the chart (caused by strong volatility arising from the battle between bulls and bears), […]

Jack up rig builder Lamprell plc (LSE:LAM) still enjoys the confidence of its creditors, the company hinted today, even as it revealed there will be a “much greater loss” than previously projected when the current financial year ends following delays in delivery of major projects supposedly scheduled to be completed this year. In a statement, […]

BP plc (LSE:BP.) makes history again after agreeing to pay the largest criminal fine in the United States jurisprudence to date, in relation with the Deepwater Horizon explosion in 2010 that claimed 11 lives and caused the costliest oil spill in history. Eight hours after the London-based oil giant announced it is in “advanced discussions” […]

Conflict resolution is probably what the UK oil giant, BP plc (LSE:BP.), has been studying for quite some time now as within a week, the London-based firm was able to come up with amicable ways to settle cases and disputes with authorities and partners. In a statement today, the integrated energy company said it is […]

Victoria Oil and Gas (LSE:VOG) shares are not worth having until the condition below is fulfilled. What is happening right now is an abortive rally in the context of a weak market. In spite of the bull’s despondency, the shares would continue to fall lower. This is only one of the numerous bear markets earth […]

In the past few weeks, you would notice that I have consistently forecasted that some stocks would go north. This time, the forecast is different (as it will sometimes be). Empyrean Energy (LSE:EME) is currently weak and it is expected to continue to do so. In this type of market, buyers would end up being […]