Results

The Oil price is heading for a sharp fall

Published 9 days ago

High market prices are currently being supported by OPEC cutbacks, and these higher profits are funding the growth of American drilling. American oil explorers who survived the worst of the 2014-2016 market sell off are dismissive of the 14 percent slide in prices this year from a high of $55.24 to around $48 a barrel. The price would have to drop to the $30s or lower to dent the bottom line of many drillers now working U.S. shale fields, according to Katherine Richard, the CEO of Warwick Energy Investment Group, which own stakes in more than 5,000 oil and natural gas wells.

How the Weak Oil Price Threatens the Footsie's Perky Progress

Published 10 days ago

Hello Share Twirlers. Though the Footsie has been striding ahead, it would have done far better if the oil price had behaved itself. We are not just talking oil shares, but the whole of the share economy. A weak oil price has a negative effect all round.

Profits Down, But Prospects Up as Rising Oil Price Should Benefit Shell

Published 55 days ago

Hello Share Pagers. The results of Royal Dutch Shell (RDSA) were not too clever. Profits down by another 37% on last time. But remember how lousy the price of Brent Crude is at the moment.

Financial results of many oil producers will disappoint in 2017

Published 86 days ago

Looking at the performance of many oil producers over the past few months you could easily be forgiven for thinking that their problems are over and all is rosy within the sector once more.

That She Blows - Up Go the Oilers and It's Not Over Yet

Published 107 days ago

Hello Share Cybers. One does not like to preen. And to be honest I haven't had much justification lately, what with Advanced Oncotherapy's woes. But you will allow that I did see oil prices rising.

Oiling the Wheels of Share Rises for Purveyors of the Ebony Nectar

Published 115 days ago

Hello Share Twangers. I was beginning to worry that my predictions that the price of Brent crude would rise steadily were not going to happen. The ebony nectar value has been falling in the last month or so (by about 10%).

As Brent Crude Trickles Up, You Can Be Sure of Shell, Shell, Shell

Published 169 days ago

Hello Share Twiggers. The price of oil continues to nudge up. As I write, it is only a whisper away from a 10 month high. I see no reason why that trend won’t continue, especially with winter drawing on and my central heating boilers going full pelt for the first time today. Another clue to rising oil prices is that big costs are returning at the petrol pumps.

Oil for One and Oil for All. Look Again at the Big Oilers

Published 174 days ago

In my humble view, now could be a good time to return to oil shares. I certainly hope so, as I have lost a packet since the big oil crash which began a few years ago. I’ve gradually dumped my holdings in the hopeful explorers, but I still have major holdings in the big producers, like Royal Dutch Shell (RDSA), BP (BP.) and Tullow (TLW). All of them are well shy of their previous bests.

Another Look at How our Oil Shares Should Soon Light the Lamp of Profit..

Published 295 days ago

Hello Share Poodles. As so many of us hold shares in companies involved in the ebony nectar, it’s seems a good wheeze to once again bring you bang up to date on how the price of Brent crude should fare in the next few months. Because there’s little doubt that the value of the black stuff has a huge bearing on share prices. And not just those of oil companies, but nearly every other listed firm as well. It’s a question of high oil prices raising general confidence.

As Oilers and Miners Squirm, the Leisure Industry Piles on Share Value.

Published 476 days ago

Hello Share Trippers. Oh dear! The price of crude oil drops to less than 40 dollars a barrel.That’s really nasty and we can blame OPEC for refusing to cut down on the amber nectar it has for sale.

Don’t Let Those Big Market Jolts Get You Down. US Traders Are Playing Games.

Published 478 days ago

Once again the money markets behave in a totally balmy and yet predictable way.Towards the end of last week, the Dow suddenly fell like a super charged stone. British shares followed in their usual obsequious way.

Reduced hedging to cause more pain for oil producers

Published 479 days ago

Oil producers have had a terrible year, but I think there could be more of the same to come and we will see some more casualties. Unfortunately oil is one of my favourite sectors and it has performed abysmally over the past 12 months or so, thanks to the crash in oil prices, with WTI currently sitting at around the $40 area, and Brent at circa $43.

Tom Winnifrith Bearcast 5 December - Six oil stocks heading to zero (and there are more) post OPEC

Published 480 days ago

In this podcast I discuss OPEC and the oil price. I think you should have some oil exposure via BP (BP.A) and I am intyerested in a couple of gas plays, notably Ascent (AST). But I remain uber bearish on oil juniors as I have been (correctly) for four years. Among those heading for zero which I discuss are Gulf Keystone (GKP), Xcite Energy (XEL), IGAS (IGAS), Mosman Oil & Gas (MSMN), Northern Petroleum (NOP) and LGO Energy (LGO). And there are others take may not hit zero within a year but which still face share price decimation such as Solo (SOLO) and the Horse Shite/ Horse Hill Gatwick Gusher plays.

Did OPEC Just Give Up Being a Cartel

Published 480 days ago

OPEC is the ultimate cartel, it was formed to get its members a better price for their product than the free market would allow, and the members did that by working together to restrict supply. There is a reason that governments outlaw cartels, they prevent prices finding their true level and they transfer wealth from consumers to producers.

Steve Brown argues why 2014 was not 1985, so 2015 will not be 1986 ref. the oil price

Published 583 days ago

Back in February 2015, Bob Dudley, BP's CEO, said in a Bloomberg TV interview that the fundamental supply and demand picture reminded him of 1986, and he feared we could go into a period of lower oil prices perhaps staying in a range below $60/bbl for as long as three years. He added "It will be a long time before we see $100/bbl again."

If Not For You, LTO & SAGD, We'd Be Sad and Blue

Published 588 days ago

Last week I spotted a very interesting chart that Gregor MacDonald tweeted which showed world oil production over recent years excluding the USA. The chart was pretty flat and that got me wondering about the extent to which the world has come to depend upon Light Tight Oil in the USA and, for that matter, Steam Assisted Gravity Drainage projects in Canada.

Whither Oil Prices?

Published 807 days ago

The recent collapse in oil prices has taken pundits and oil producers by surprise. It was only six months ago that prices were over $100/bbl and at that time they had been above $100/bbl for three and a half years. In fact the stability had become uncanny, so perhaps we should have seen the collapse coming. I would like to claim I had been prescient but sadly I was't.

Robert Sutherland Smith’s shares tips for 2015, No 1 – BP at 416p

Published 822 days ago

I tipped BP (BP.) last year at 484p on the basis that the shares looked good value and without the foresight of knowing that the price of crude oil would fall so far and so fast, particularly given the recovery of the US economy and the eternal problems of the Middle East. Not a good call in hindsight. 

Is History Repeating itself with oil prices? An AIM CEO writes...

Published 830 days ago

As the famous Dame Shirley Bassey sang, “it's all just a little bit of history repeating”.

The oil price has dropped by 40% - what next for oil stocks?

Published 835 days ago

This article is difficult to write due to the unexpected nature of what happened at the recent OPEC meeting which has caused the oil price to tank by 40%. Should we panic?

Is OPEC flooding the market with crude?

Published 837 days ago

Two weeks ago we had a lively debate on ShareProphets in response to OPEC’s decision not to cut production at its 166th Meeting. Articles and comments flew backwards and forwards, as we all played the wonderful guessing game of predicting world events. Chris Oil and Paul Curtis led the charge for the bulls, while I fought a rear guard action on behalf of the bears. So far, it looks like the market is on my side and there is another argument, which reinforces my bearish view. OPEC’s production targets are not rigidly enforced.

Three King Sectors Which Aren't Currently Bringing Gifts.

Published 838 days ago

Hello Share Monkeys. I have three kinds of shares which are not doing at all well at the moment.

Tullow Oil shares offer plenty of long term upside

Published 839 days ago

Some of you will think that I’ve taken leave of my senses to even be looking at anything in the oil sector at the moment.


Too Many Shares in Ebony Nectar? (That’s Oil) - Don't Worry.

Published 847 days ago

Hello share grinders. If you have a bucket of oil shares- and I know a lot of us have - then these are rather dark days.

Financial Video Postcard #61 - Oil shares to crash or bounce edition

Published 850 days ago

Our writers are divided. Ben Turney sees the recent OPEC meeting as disastrous for AIM listed oil shares (HERE). On the other hand Chris Oil (HERE) and Paul Curtis (HERE) argue that the bad news is more than discounted and are buyers of the sector. I started my career as an oil analyst and so what does Tom Winnifrith think?

OPEC Decision does not spell disaster for AIM Oil Companies..

Published 850 days ago

I read with interest my friend Ben Turney’s post OPEC bear view on the oil price and stocks HERE. I disagree with him and my initial economic reasoning is that lower oil prices will see heavily indented US fracking firms wiped out so restoring a supply demand balance. 

Bargains galore in oil stocks? Asks Paul Curtis

Published 850 days ago

Oil and gas companies have suffered a three year bear market resulting from concern that US Shale Oil production growth would lead to oversupply. This has now come to pass, oil has plummeted from $115 a few months ago to $72. Oil companies have suffered a further sharp mark down and most trading at large discount to tangible assets.

OPEC decision spells disaster for AIM oil companies

Published 851 days ago

It’s been coming for the last four months, but on Thursday OPEC finally declared open war on the US “Shale Revolution”. Yesterday, Chris Oil felt this might present a short term buying opportunity in AIM oil-stocks. I disagree. OPEC’s failure to cut production and the accompanying statement it released are clear signals of intent. The Organisation of Petroleum Exporting Companies, despite intense internal pressure from some of its members, has set itself on a course to crush the highly leveraged “fracking boom”. There is almost certainly going to be a lot of collateral damage, not least among AIM’s oil exploration and production sector, which is so reliant on external funding for survival.

OPEC maintains output – a disaster for all oil companies?

Published 852 days ago

It seems that OPEC is willing to keep production at the same level 30 million barrels per day as before. The oil price has duly tanked so is this bad news for all oil companies? 

An Important week for Oil

Published 857 days ago

Oil prices have dropped dramatically in recent months and future direction looks set to be dictated by a meeting later this week. Brent crude has slipped below $80 per barrel, its lowest price in more than four years, and over the last four months the price has dropped approximately 30% from a peak of over $110. 

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