Not surprisingly, CLNR as a North Sea exploration junior has been unable to escape the growing malaise in oil and gas markets over the past three months and the sharp cutbacks in oil gas industry capital spending. We believe, however, there is a case for considering the contrary position. This reflects the sharp contango (futures prices higher than spot) in oil and gas futures prices and the continuing commitment of Shell, CLNR’s joint-venture partner, in pursuing exploration work on th
11 May 2020
Cash rich and an attractive portfolio of prospects
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Cash rich and an attractive portfolio of prospects
Deltic Energy Plc (DELT:LON) | 39.0 0 0.0% | Mkt Cap: 36.3m
- Published:
11 May 2020 -
Author:
Matt Butlin -
Pages:
2
Not surprisingly, CLNR as a North Sea exploration junior has been unable to escape the growing malaise in oil and gas markets over the past three months and the sharp cutbacks in oil gas industry capital spending. We believe, however, there is a case for considering the contrary position. This reflects the sharp contango (futures prices higher than spot) in oil and gas futures prices and the continuing commitment of Shell, CLNR’s joint-venture partner, in pursuing exploration work on th