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Proactive weekly oil highlights: 88 Energy, Aminex, Hurricane Energy and more...
Weekly round up of news headlines from the world of oil...
Company
EnQuest
LON:ENQ
EnQuest PLC, a powerful new oil & gas production and development company with a geographic focus on the United Kingdom Continental Shelf. The company has been formed from the demerged North Sea interests of Lundin Petroleum and Petrofac. EnQuest’s assets have been contributed by Petrofac and Lundin on a debt free basis.
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Brokers: Randgold Resources upgraded as UBS sees dividend potential
Also, Sports Direct, Enquest, Pearson, Hurricane Energy
Preview: High street in focus as Dixons Carphone updates market
Electrical retailer set to report higher sales despite EU referendum uncertainty
PREVIEW: Will Dechra Pharmaceuticals live up to heightened expectations?
Dechra Pharmaceuticals, housebuilders Berkeley and Barratt, Halfords, Dixons Carphone, and JD Whetherspoon are on the agenda.
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Proactive oil highlights: Active Energy, Cairn Energy, Gulfsands, KrisEnergy, SoloOil and more...
Round up of this week's oil news from the world of Proactive.
Oil majors fade as crude prices drop back
The price of a barrel of Brent crude declined 2.1% to US$46.61
EnQuest in talks to release 20% of the Kraken
If concluded, the deal will reduce EnQuest’s capital requirements to get Kraken up and running.
Archive
Proactive oil highlights: Aminex, Gulfsands, Highlands Natural Resources, Lekoil, Obtala, Petrel and more...
The round up of this week's news from the world of oil.
Enquest boosted by latest North Sea wells
Drilling of the Scolty/Crathes development wells, in the Greater Kittiwake Area, was completed ahead of schedule and under budget
London stocks hold onto gains as Brexit fears fade
The FTSE100 held onto most of its intraday gains to close over 3% higher on Monday after sentiment towards remaining in the EU grew
EnQuest shares rally after rebuttal to press reports
EnQuest did, however, acknowledge that it “routinely engages” with the UK’s Oil & Gas Authority.
Risers & Fallers: Ascent Resources, Hummingbird, Mkango ...
The European oil and gas exploration and production company Ascent lived up to its name as resolutions 1 to 3 were duly passed at today’s AGM.
FTSE 100 up 2% as 'remain' camp builds head of steam
The FTSE 100 opened strongly as predicted, with the opinion polls suggesting the ‘remain campaign’ has a narrow lead ahead of the crucial vote on Thursday.
Barclays gives thumbs-up to EnQuest in industry review
Barclays said EnQuest may be through the worst of the oil price downturn
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Proactive oil highlights: 88 Energy, Falcon Oil & Gas, Gulf Keystone, Infrastrata, Rockhopper and more...
The weekly round up of oil industry news from Proactive.
Market mildly disappointed with production update from EnQuest
As at the end of April, net debt was around U$1.63bn, up from US$1.55bn at the end of 2015
North Sea oil companies looking slicker as crude price rises - broker
Oil price recovery has allayed short-term balance sheet concerns, says Barclays
London shares recover after oil-stained session
The FTSE 100 Index closed 9.77 points higher at 6,353
Small caps recover from oil woe as drug M&A talk swirls
Small caps pare losses but Footsie drops nearly 20 points
Doha impasse sends oil shares tumbling
Iran avoided the need to walk out of the oil producers' meeting by not bothering to turn up in the first place
Stocks dip after oil talks fail, but drug M&A chat injects interest
Indices drop after Iran's absence at talks scuppers hopes of price freeze
Osborne tax cuts change little for North Sea oilers
Premier Oil and Cairn are developing the Catcher field and Ithaca’s Stella field is forecast to start producing later this year.
Risers & fallers: Sports Direct PLC, Infrastrata PLC, Hellenic Carriers PLC ...
Main share price risers and fallers in London at 2.00pm
Archive
FTSE100 closes higher but junior market lags
FTSE100 managed to close in positive territory on Thursday but it was a different story for the junior market....
Stocks remain in doldrums as BoE stands pat
The Bank of England kept interest rates unchanged for the 84th month in a row.
Risers & Fallers: Imagination Technologies PLC, Cello Group PLC, Wandisco PLC...
Major share price risers and fallers in London at 4pm
Archive
Burberry now fashionable in broker’s eyes
Burberry, Cineworld, Goals Soccer, Restaurant Group, Premier Oil, Anglo America, Antofagasta, Griffin Mining and EnQuest are all in Friday's broker spotlight.
Investments and investor services
EnQuest and Cairn boosted by a Kraken deal, broker says
EnQuest, Cairn Energy, Helical Bar, Capital & Counties, and WS Atkins are in Tuesday's broker spotlight.
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Proactive news summary: Minds + Machines, Red Rock Resources, Motive TV and more...
Resources miner Regency Mines (LON:RGM) is back in the Horse Hill oil project...
Enquest and Cairn secure bigger stakes in Kraken
The London listed oil firms have waived rights to $10mln of missed calls, and will instead take their former partners stake in the oil field development.
Investments and investor services
FTSE 100 dragged down by natural resources yet again
London’s FTSE 100 ended Tuesday some 88 points, 1.4%, lower at 6,135 after natural resources stocks once again weighed on the market.
FTSE100 drops; Entertainment One falls on debt woes
The FTSE100 was also on its way down, losing around 70 points, or 1.1% to 6,151.
Risers & Fallers: Amur Minerals, Immupharma, Rosslyn Data and more...
Below are the main news-driven share price movements at 4pm
Tuesday’s agenda – EnQuest investors await Alma/Galia insight
With crude oil prices at around seven year lows it is going to take something spectacularly reassuring to excite EnQuest investors tomorrow morning
EnQuest shares rise as it achieves ‘first oil’ at Alma-Galia
Full production is expected in early 2016 after more wells have been opened up
Investments and investor services
London palm oil stocks are under-priced, broker says
MP Evans, DekelOil, Tullow, Cairn, EnQuest, SOCO, Standard Chartered, and Marks & Spencer are in Thursday’s broker spotlight
EnQuest investors need to see US$70 oil price, analyst says
“The EnQuest equity story is reliant on an oil price recovery," says Numis analyst Sanjeev Bahl
Archive
Clothes retailers fashionable among City analysts
Next, ASOS and Primark owner ABF were all upgraded, while Premier Farnell, Genus, Kaz Minerals, EnQuest and Wolseley were also in the broker spotlight
Stewart Dalby: Merger time for the oil sector's minnows
Our resident oil guru looks at the potential for life-saving mergers among the minnows of the sector as the oil price shows little sign of returning to more economic levels.
Risers & Fallers: KAZ Minerals, Air Partner, SolGold, Legendary Investments, Ophir and more...
Below are some of the main news-driven share price movements at 4pm
EnQuest production up, but profits are decimated by falling oil price
Enquest said its belt-tightening programme was ongoing and it is now at a point where it costs US$38 to produce a barrel of crude. That figures should be in “low $30s” next year.
Wednesday's agenda: Glencore and Hikma reporting...
Investors will get a glimpse at the mining and pharmaceutical sectors on Wednesday.
Investments and investor services
Week Ahead: Cairn Energy second half could be transformational
Deutsche Bank said the timing and drilling locations for three wells in Senegal could be unveiled. While they are in deep waters off the coast of west Africa, they aren’t technically challenging.
Oil mergers may lower costs and unlock extra cash flow
Could mergers and acquisition activity breathe life into London’s downtrodden E&Ps?
RBC Capital has change of heart on Centrica
RBC Capital is upbeat on British gas owner Centrica and has flipped its rating on the shares to 'outperform' from 'underperform'.....
Falkland farm-out too difficult given low oil price, says Numis
Borders and Southern, Premier Oil, Rentokil and ABF are all in Wednesday’s broker spotlight
Broker spotlight – AB Foods, Ophir Energy, Enquest, Premier Oil, BHP Billiton, Rio Tinto
Primark owner Associated British Food rose to the top of the FTSE 100 risers thanks to an upgrade from Goldman Sachs