Cenkos: Oil & Gas Sector -- Diversified Energy, Wentworth Resources, Falcon Oil & Gas, 88 Energy, Westmount Energy, Longboat Energy, Energean, Gulf Keystone Petroleum, Genel Energy, Pharos Energy, Touchstone Exploration, Savannah Energy, Capricorn Energy,

Oil rose this week as US government promises to protect bank depositors and a lack of surprises from the Federal Reserve calmed investors. Crude settled above $69 a barrel on Friday, recovering about a quarter of the nearly $10 it lost the previous week. The commodity remains volatile, and as long as banking concerns remain at the forefront of markets, crude fundamentals may have a limited effect on its price movements, analysts said. “Crude found support this week after several weeks of unaba

Cenkos: Oil & Gas Sector -- Tethys Oil, IOG, Hurricane Energy, Saudi Aramco, Reabold Resources, Arrow Exploration, Maurel et Prom, Equinor ASA, DNO ASA, Genel Energy, Shell

Oil posted the worst weekly loss since the early months of the coronavirus pandemic as banking turmoil poisoned investor sentiment. West Texas Intermediate lost nearly 13% this week, the largest drop in almost three years. The failure of Silicon Valley Bank and troubles at Credit Suisse Group AG drove investors from risk assets, with oil-options covering accelerating the selloff. “Crude action this week reminded many of how quickly the commodity can be decimated by macro economic events,”

Cenkos: Oil & Gas Sector -- Getech Group, 88 Energy, Chariot, Neptune Energy, Tullow Oil, Harbour Energy, Shell, IOG, Pantheon Resources, Touchstone Exploration, PetroTal Corp, John Wood Group, San Leon Energy, Angus Energy, Energean

Oil posted a weekly loss with macroeconomic headwinds dominating the market as traders await clearer signals on Chinese demand trends. Crude declined $3 this week despite Friday's gains amid fears that the Federal Reserve will pivot to more aggressive interest-rate hikes, compounding pressure from tempered economic projections from China and a slower-than-expected recovery in international travel. Bulls looking for a supply-driven bump have been disappointed by the resilience of Russian crude

Cenkos: Oil & Gas Sector -- 88 Energy, Diversified Energy, Seplat Energy, Capricorn Energy, i3 Energy, Hunting, SDX Energy, Touchstone Exploration, Kosmos Energy, Woodside Energy Group, Africa Oil Corp, UK Oil & Gas, Equinor, Arrow Exploration, Longboat En

Global benchmark Brent rose for a second consecutive week, getting a late boost from UAE officials denying OPEC exit plans. After wavering in the morning, crude's rally was revived after state officials disputed a report from the Wall Street Journal of a growing rift between the UAE and Saudi Arabia. Broader risk-on sentiment also supported Friday's advance, pushing both Brent and West Texas Intermediate to their highest intraday in more than two weeks. “The response by the UAE to this new

Cenkos: Oil & Gas Sector -- Wentworth Resources, Impact Oil & Gas, Gran Tierra Energy, Serica Energy, IGas Energy, Panoro Energy, Arrow Exploration, Santos, Eni, Wintershall Dea

Oil prices stagnated this week as traders confront bearish trends including rising US stockpiles and a rebound in demand that has not lived up to expectations. US crude inventories have grown by almost 24 million barrels in the past two weeks, adding to an already oversupplied market. Diesel prices also hit their lowest since pre-war levels as inventories rise and Russia finds ways to export significant amounts of the fuel, said Dennis Kissler, senior vice president of trading at BOK Financia

Cenkos: Oil & Gas Sector -- Getech Group, Falcon Oil & Gas, Tethys Oil, Longboat Energy, Ithaca Energy, EnQuest, IOG, Vaalco Energy, Petro Matad, Zephyr Energy, Challenger Energy, Reabold Resources/Upland Resources/Baron Oil, Var Energi

Oil capped its longest string of daily losses this year as hawkish signals from Federal Reserve officials added to concerns about a glut of crude piling up in storage. A significant increase in US inventories and a broader risk-off sentiment sparked by the prospect of continued rate hikes from the Fed have weighed on oil this week. The headwinds were exacerbated by the federal government's plan to continue drawing down the country's Strategic Petroleum Reserve, with 26 million more barrels se

Cenkos: Oil & Gas Sector --- Tethys Oil, Diversified Energy, 88 Energy, Deltic Energy, IOG, Serica Energy, TotalEnergies, Equinor, bp, Egdon Resources, Var Energi, Aker BP ASA, DNO ASA, Nostrum Oil & Gas

Oil posted its largest weekly gain in four months after Russia followed through on a threat to cut production in response to western energy sanctions. Moscow says it will reduce output by half a million barrels, equivalent to about 5% of January levels. The cut was the first major effect on Russian production from the swath of sanctions that have been placed on the country's output, leading West Texas Intermediate to advance to just below $80. This week's rally also got a boost from Saud

Cenkos: Oil & Gas Sector -- 88 Energy, Trinity Exploration & Production, Chariot, Diversified Energy, Wentworth Resources, Jadestone Energy, Shell, Gulf Keystone Petroleum, Panoro Energy, Hartshead Resources, OKEA ASA, ExxonMobil, PetroTal Corp, Arrow Expl

Oil tumbled to the lowest levels since early January as long-term headwinds overwhelmed the positive sentiment from a strong US jobs report. Brent crude, the global benchmark, dropped below $80 a barrel, while West Texas Intermediate slid to less than $74 a barrel. Futures for both grades climbed earlier in the session as record-low US unemployment figures spurred optimism that demand would hold up. But those gains evaporated as concerns about swelling US stockpiles and weaker-than-expected C

Auctus on Friday - 03/02/2023

AUCTUS PUBLICATIONS ________________________________________ Arrow Exploration (AXL LN)C: Target price of £0.45 per share: On track for a very busy 2023 – Arrow is about to embark on a 10 well drilling programme that could add between 2,800 and 4,800 boe/d net production (before decline and in a success case) to the existing constrained production base of ~1,800 boe/d. Over January, production was ~1,800 boe/d with short term outages due to weather at Ombu and Pepper. This compares with produc

SP Angel Morning Energiser: 30/01/23

BP Outlook focuses on energy trilemma

Cenkos: Trinity Exploration & Production Plc -- Q4/22 Update

Having delivered a robust operating performance in 2022, Trinity's attention now turns to 2023 and progressing of a portfolio of near-term organic and inorganic growth opportunities. In February, the reactivation of the West Coast ABM-151 well is expected to come onstream, adding 60-110bopd. Trinity has also submitted a bid for the Buenos Ayres block as part of the 2022 Onshore and Nearshore Competitive Bid Round, with successful bids due to announced by April 2023. Situated immediately west of

Cenkos: Oil & Gas Sector -- GETECH Group, 88 Energy, Trinity Exploration & Production, Tethys Oil, Tullow Oil, Gran Tierra Energy, United Oil & Gas, IOG, Predator Oil & Gas, Pantheon Resources, Var Energi, OKEA ASA, Aker BP, Hess Corporation, Woodside Ener

Commodity Prices Bulls approached and quickly withdrew from oil's 100-day moving average, driving crude to its first weekly loss since the start of the year. West Texas Intermediate shed 2% this week with much of that retreat occurring on Friday. Throughout the week, oil rallied on optimism driven by China's gathering rebound only to swing as risk-off sentiment descended upon broader markets amid uneven corporate earnings and lingering questions over how the Federal Reserve will react. De

Cenkos: Trinity Exploration & Production Plc -- FID Taken on Deep Onshore Jacobin Target

Trinity has taken a final decision to drill the Jacobin well, which has the potential to deliver substantially higher production and economic returns versus a conventional low angle well. On success, the well would unlock further development of the Jacobin discovery and follow-on drill ready prospects and mapped leads across Trinity's core acreage position. The Company anticipates that it will spud the well in Q2/23, targeting a seismically defined Lower Cruse Miocene age structural prospect. Th

SP Angel Morning Energiser: 26/01/23

US nat gas falls below $3

Cenkos: Oil & Gas Sector -- Kistos, Harbour Energy, Energean, PetroTal Corp, IOG, Block Energy, Jadestone Energy, Coro Energy, Borders and Southern, Genel Energy, United Oil & Gas, ExxonMobil, Santos

Oil rallied to the highest since mid-November, capping off its second straight week of gains on optimism over increased demand from China. West Texas Intermediate rose to settle above $81 a barrel, posting a 1.8% weekly gain. Bolstering crude this week were forecasts for record consumption in China, a buying spree from the country's largest oil trader and increased crude imports ahead of the Lunar New Year. The end of China's Covid-Zero policies has outweighed the concerns about a potentia

LIBERUM: Sylvania Platinum* - 3p interim dividend & new policy

Updated Alkaid #2 test results

SHORE CAPITAL - Savannah Energy+ (SAVE, Under Review, Suspended) - Chad upstream asset update

Loony for Bougouni

Jubilee Metals - H1 FY2023 results

Jubilee today provides its unaudited financial results for the half-year period ending December 2022. Group Revenue of £63.1m (H1 FY2022: £63m) with £58m from its chrome/PGM operations in South Africa and £5m from copper in Zambia. Headline EBITDA of £10.3m (£13.7m) with a closing cash position of £11.7m (£21.5m) after continuing its capital investment program of £24.1m (£28.4m). Production of PGM was down in the period at 18.2koz (20.3koz), but all was from its own facility at Inyoni so cap

FY22 results update

Diversified Energy reported FY22 results that were slightly ahead of our expectations and we raise our 2023 EBITDA estimate by +3% ahead of what the group expects to be a ‘transformational' year.

Union Jack Oil (UJO LN) - Wressle update

Ongoing strong production from Wressle. Union Jack has released an update on revenues from its Wressle field (Union Jack 40%). Wressle has now achieved over US$14m of cumulative net revenues from the field since mid-August 2021, from US$13m as of early February 2023. The field continues to produce under natural flow and with zero water cut (most recently reported at a gross rate of 825-850bbl/d). These Wressle revenues continue to help underpin company financial performance, while also providing

Hybridan Small Cap Feast - 06 Mar 23

6 March 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objective

Union Jack Oil (UJO LN) - Interim dividend declaration

New interim dividend of 0.3p. Union Jack has announced an interim dividend of 0.3p/share. This follows the 0.8p/share paid in 2022, and is enabled by the ongoing cash flows being generated from the company's Wressle development. Union Jack's share buyback programme also continues, with 2,825k shares repurchased so far (out of a potential up to 11.3m).

Wide margins maintained despite inflation headwinds

The inherent low-cost structure of CAML’s Kounrad and Sasa operations shone through in 2022 as the group delivered a very stable financial performance in the face of significant macro-economic headwinds. Neither operation was fully immune to global inflationary pressures, but they nonetheless drove EBITDA and free cash flow (FCF) generation to an impressive $132m (a margin of 57%) and $90m respectively, only a little below 2021 levels despite the macro challenges. This enabled CAML to continue t

LIBERUM: Caledonia Mining* - Model updated

Morning Note – 27 March 2023

FY22 - Focus on the next 6 months' operations

Operations update

i3 Energy Update to Fair Value Estimate

We are updating our fair value estimate to reflect more conservative oil and gas price assumptions. We have lowered our 2023 WTI oil price estimate to $74.05/b from $83.10/b, to align our estimates with market dynamics. We have lowered our US benchmark (Henry Hub) natural gas price for 2023 to $3.02/mmbtu from $3.36/mmbtu, which reflects the most recent price forecast made by US EIA Short Term Energy Outlook. As a result, we are lowering our fair value estimate for i3 Energy to 26.2p from 31.6p