Some argue that the recent rally we have seen in oil during the last couple of weeks was driven by an epic short squeeze… … which puts the sustainability of the rally (at least in the short term) in question. And now it seems that the oil bears has instead targeted banks with major exposure […]
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Thoughts/Speculation
Middle East Turmoil Favors U.S. Shale Over OPEC Oil
Source: http://www.newsweek.com/middle-east-turmoil-favors-us-shale-over-opec-oil-339567 – creds to S2003 When oil ministers from the Organization of the Petroleum Exporting Countries (OPEC) meet in Vienna on June 5, they’ll face a strategic dilemma. Political instability in the Middle East and North Africa (MENA) is discouraging capital investment in local oil and gas projects, and shifting interest to North American […]
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The placement…
Was unexpected for sure. There is probably lots going on behind the scenes given the phase of the company´s life cycle, if we are to believe that they are still aiming for a farm out before year´s end. The negative aspect is certainly the added dilution at this share price level. On the positive side, it […]
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Today´s press release
Overall positive in my humble opinion, although less than we were hoping for of course! + Twiga-2 +Ngamia-4 – Sala-2 (already known) (small +) Kodos… “Det viktigaste från dagens uppdatering var oljeupptäckten vid Kodos och en möjlig bassängöppnare. Dock blandades det med neutrala/negativa resultat från Ekosawan och Sala”, /NORDEA = “The most important part of […]
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Macro still not working in our favour… ATM
http://www.bloomberg.com/news/2014-10-15/wti-extends-rout-from-two-year-low-amid-rising-u-s-supplies.html The world markets continue to reel, meanwhile Brent and WTI crude has dropped to multi year lows driving down especially energy stocks. AOI is thus traded well below NAV at the moment…. Some light in the darknes may come from OPEC and the stimulus dervided form lower energy costs though… http://en.itar-tass.com/economy/754682 (OPEC mulls cutting output) […]
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Is DDB on to something?
These last two weeks we have seen DDB gulping up over 2M shares on the Swedish OMX exchange, making up a large part of the buy side more or less every day. But the question is why? Is it for a big client or financial institute? Covering a massive short position that has been held […]
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Excellent post by Guesstimate on the proposed Taxe Rate
Respected poster Guesstimate dissects the new CGT and explains that it is much more to it (on the posiitive side) for AOi and it´s shareholders that makes the recent drop in share price look ridiculous when you do the math: I think people should take a step back.First, from a pure western investor perspective, and […]
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Post from Trader3000
Crazy day again This is unbelievable but let us review a few things: 1. The oil is still there and the reserve will only grow. Investors expected a better reserve report. 2. Oil is in a down draft and many oil and gas stocks have hit incredible lows. 3. The global economy is not as […]
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Countdown to two high impact wells
… has started as many of you are aware of. In Swedbank´s latest investor letter they pointed to the fact that after the recent decline in share price, Africa Oil now trades below the value of already found (and conservative) oil. All future upside including the chance to open up a second basin as well […]
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