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 […]
Continue reading…

 

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 […]
Continue reading…

 

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) […]
Continue reading…