Just when you thought the Chinese were playing ball when it came to Iranian sanctions – you soon realise that market has a habit of finding loop holes which lack the very basic of morals. A trait all too common in the markets today. Whether it is libor rate fixing, money laundering, CME boys clubs …
2012 September
2012 Hotlist Results – Week 38
Week 38 of 2012. With all bazooka’s fired – the markets have more cash on tap than they can deal with. Equities have been sluggish, oil’s progress stymied by OPEC comments and Eurozone still using the bucket and water technique on the shaky boat with spain being the latest weighing concern. With all that cash …
MXP fall short on second shallow well drill.
Not great news for MXP shareholders as the second drill comes in dry. MXP are drilling 4 x shallow wells and the first well appears to be a success subject to further tests. With two further wells to go – they really need another success to bolster the production story and no doubt appease their …
Shhuussssh – Did you know that QE3 has been launched?
Looking around at the commodity small caps – you’d think it is the summer season rather than the final Q3/Q4 period. You certainly wouldn’t have guessed that a global QE3 has been launched. It’s like a mill pond out there – at the moment. Either the cash flooding the markets is heading for the larger …
JX Nippon to farm-in to Serica’s block 22/19c, UK Central North Sea
Another smart farm out by Serica and further evidence of asset worth within their portfolio. The market/city would have this asset valued at zero as that’s the mentality today. $250k in the bank from the deal and a potential free carry on the drill if it takes place. 15% interest remaining which is meaningful and …
2012 Hotlist Results – Week 37
Week 37 of 2012. It feels like the last 37 weeks have all been about waiting for QE3. With Mario and the ECB doing their part last week, the floor was clear for the FED to do their bit – and boy did they deliver! But as ever, it is uncertain how long the FED …