Research, Charts & Company Announcements
Research Tree offers PARKMEAD GROUP PLC THE research coverage from 4 professional analysts, and we have 21 reports on our platform.
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|07/10/2016 15:08:56||London Stock Exchange||Holding(s) in Company|
|14/09/2016 07:00:13||London Stock Exchange||Parkmead increases stake in major oil project|
|10/08/2016 07:00:08||London Stock Exchange||Parkmead doubles its stake in two UK oil fields|
|29/07/2016 15:40:38||London Stock Exchange||Holding(s) in Company|
|25/07/2016 14:36:47||London Stock Exchange||Change of Registrar|
|04/07/2016 17:38:36||London Stock Exchange||Holding(s) in Company|
|30/06/2016 16:40:18||London Stock Exchange||Second Price Monitoring Extn|
Frequency of research reports
Research reports on PARKMEAD GROUP PLC THE
Providers covering PARKMEAD GROUP PLC THE
15 Sep 16
"With polls narrowing enough to suggest that Clinton’s lead over Trump ahead of the November 8th presidential election is now just 3 points, traders have finally started to ask the unanswerable - which will be the winners and losers? Quite a quandary. Market anticipation of the Republican candidate winning would be a severe heightening of the market’s greatest phobia, uncertainty and rising risk aversion. The first signs of this were evident overnight, not helped by FOMC conflict seemingly projecting stalemate at the Fed, as the US$ fell and bonds gained. This, in fact, follows the established historical pattern of the currency reacting more favourably to a Democrat in the White House. US equities that started their session strongly, gave nearly everything back by the close with only the tech-heavy NASDAQ registering a reasonable gain while energy stocks continued to weaken following continued US inventory build, the IEA report that foresaw the current supply glut continuing into 2017 and whose argument is being boosted by news of planned export resumption from both Libya and Nigeria. Asia was similarly mixed with the Nikkei the principal casualty on the back of stronger Yen due to forex traders switching US$ positions, while China was closed and gently selling of commodity stocks weakened the ASX. A number of market sensitive macro releases are due today, including the Eurozone inflation report and retail sales data from both the UK and the US. UK corporates due to report earnings include Morrisons (MRW.L), Next (NXT.L), Ophir Energy (OPHR.L), Tribal Group (TRB.L) and a Q2’16 update from Booker Group (BOK.L). Later in the UK trading session, the Bank of England is also due to disclose its rate interest decision; having told the markets last week that “we are very much not out of ammunition, nor are we trigger happy” Governor Mark Carney effectively added to traders’ growing doubts regarding the effectiveness of prospective central bank policy against a global backdrop of weakening growth. No change in the UK base rate is expected today. The FTSE-100 is seen down some 20 points in early morning trade. " - Barry Gibb, Research Analyst
Increased interest in Perth and Dolphin
14 Sep 16
Parkmead has raised its stake in the Perth and Dolphin fields in the UK Central North Sea where its interests in licences P218, P588 and P2154 has now increased to 60.05% from 52.03%. As a result of the acquisition, Parkmead’s total proven and probable reserves have increased by 19% from 23.5mmbbl to 27.9mmbbl. The transaction follows Parkmead’s recent acquisition of 50% interests in the Polecat and Marten fields which are expected to form part of a greater Perth/Dolphin/Lowlander (PDL) Area development. Net resources for Parkmead’s interest in PDL continue to look in line with our current modelling and we leave our target price unchanged at 105p per share. However, the exit of a weak partner should enhance the prospects of progressing development of the PDL project.
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21 Oct 16
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£70m placing and open offer
21 Oct 16
Hurricane has successfully raised £70m by issuing c.205.9m shares at a price of 34p. The company is also undertaking an open offer at the same price to raise a further £4.4m. The proceeds will be used to fund two exploration wells on Lincoln and Warwick as well as further development activity on the Lancaster field.