Opinion

Oil price, Range Resources, And finally...


Oil price

The strong dollar hit the crude price yesterday although traders reported some selling of WTI as it hit the landmark $55 level, not seen since June 2015. The US economy looks like it might benefit from some straight talking from the President-elect to the motor industry…

Range Resources

A Trinidad update this morning from Range and the good news just keeps on coming from the country. Exit production rate at the end of 2016 was over 800 bop/d, up 40% from the year before and  beating expectations. The GY 681 well looks good as log evaluations indicate 230'+ of pay and will go on production testing this month. The QUN well completed in November has already gone into production which will have helped that exit figure as well. Finally, in line with expectations, the Morne Diablo Water-flood has commenced on schedule another piece of good news. Despite having had a mountain to climb it seems that the company are delivering on promises made and  shareholders look like they may be rewarded for not insignificant patience, watch this space.

And finally…

Watching the Cherries v the Gooners last night and one knew that the equaliser would come after such a battering, almost a carbon copy of the game against the HubCap Stealers…Spurs are on tonight against Chelski…

And Hull City Tigers have lost patience with Mike Phelan and to be honest he is best out of there, if the new manager expects to get any dosh from the owners he or she is more deluded than they think they are…


Visit source site

malcysblog.com/2017/01/oil-price-range-resources-f...
Malcy's BlogRange Resources

More items from malcy


Oil price, Far/WPL, Gulf Keystone, Sundry-Petrofac-Sirius Petroleum- And finally...

Oil price Yesterday the oil price went down, Petro something or other counted some tankers and said that within Opec, and from Russia, oil exports were ‘on the rise'. I'm not sure that they are but who knows? After the close the API reported inventory stats which cheered the market as they actuall ...

Malcolm Graham-Wood - Malcy's Blog


Posted 7 hours agoOpinion > Malcy's BlogGulf KeystonePetrofac +3

Oil price, Sound Energy, Lekoil, President, Velocys, And finally…

  Oil price The oil price was effectively flat last week, a few cents off between friends. The same influences are exerting and unless something changes dramatically we will remain range bound. All the reports are in and show around 90% adhesion to the Opec and Non-Opec agreement which is bett ...

Malcolm Graham-Wood - Malcy's Blog


Posted 3 days agoOpinion > Malcy's BlogSound EnergyLEKOIL +2

Oil price, Jersey Oil & Gas, EnQuest, Ithaca, Sundry-Bowleven-Solo-Gulfsands-Chariot- And finally…

Oil price The oil price is almost the same as it was last friday, nothing is moving it at the moment almost as if it was the subject of price fixing, à la gold and silver of yore, not any tomfoolery I assure you… This week saw another set of whopping inventory increases which only seem to steady t ...

Malcolm Graham-Wood - Malcy's Blog


Posted 4 days agoOpinion > Malcy's BlogJersey Oil & GasEnQuest +4

Oil price, Bowleven, Falcon Oil & Gas, And finally...

Oil price Same old, same old, as the oil price reacts to various stories all well known to market participants. Yesterday was an up day as it seems to be confirmed by almost all sources that cohesion was over 90% in January led by the Saudis. The various reporting bodies are showing that the overs ...

Malcolm Graham-Wood - Malcy's Blog


Posted 8 days agoOpinion > Malcy's BlogBowLevenFalcon Oil & Gas

Oil price, Faroe, And finally...

Oil price The oil price is marginally down on the week but little has happened, the inventory figures may have signalled panic but were rescued by the gasoline draw helped by lower refinery runs but better signs of growth in the economy. A very slight thaw in the Donald's attitude towards China is ...

Malcolm Graham-Wood - Malcy's Blog


Posted 11 days agoOpinion > Malcy's BlogFaroe Petroleum
All posts from malcy