Latest Entries:
This week I reduced my holding in Echo Energy (ECHO) by 100%.
Read More...This week I increased my holding in Empyrean Energy (EME) by 123%. From next week, I will stop reporting changes in EME holdings until there is visibility on future operations but I will still be a long term holder.
Read More...This week I reduced my holding in Asiamet Resources (ARS) by 18% and I reduced my holding in Empyrean Energy (EME) by 32%.
Read More...There were no changes to my holdings in Asiamet Resources (ARS), Empyrean Energy (EME), and Horizonte Minerals (HZM).
Read More...There were no changes to my holdings in Asiamet Resources (ARS), Empyrean Energy (EME), and Horizonte Minerals (HZM).
Read More...If you read about my secret in the previous blog post then this week you may have noticed a few big risers, including Bahamas Petroleum (BPC) and Pipehawk (PIP).
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Latest Entries:
After a quiet start to the week which I’m told livened up on Monday it has been another up and down week. Yesterday as I reported the market started by rising then with dollar strength and further aggro from Turkey it gave back all the gains. This was made worse after hours when the API stats came out, a build in crude stocks of 3.7m bbls was higher than the 2.5m forecast but then gasoline stocks unexpectedly drew by 1.6m when a build was expected. Accordingly oil is down this morning and only when we see the EIA numbers can we make a realistic judgement.
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This morning's inflation report revealed a steady month in July, coming in flat to see the headline rate edging up a tenth to 2.5% which is comfortable enough for the BoE to remain comfortable with their policy stance.
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On the face of it, this report seems pretty mixed, obviously its good that the profit has jumped 69%, but the Co. have also disclosed a GBP 15mln charge. The Co. has also raised the dividend by 33% which is also signs that the company is doing better. Below are some of the highlights from the report:
Read More...A quiet day on oil bourses yesterday with talk about Turkey causing most concern with the currency smashed even more. Marcus Ashworth at Bloomberg is worth following on this as he has a top view from the bond markets. Back in oil the strong greenback was mainly to blame for the fall but Opec saying that production in the second half should be adequate took the sting out of the market. This morning oil is around 50 cents better ahead of inventory stats.
Read More...One of the biggest miners reported today, Antofagasta shares have not been performing too well recently and have fallen significantly since the start of the trade wars initiated by the US president. The Co.'s CEO is on a cost-saving drive and now estimates the company can save around 7c/lb. He then goes on to say ''The copper market outlook in the mid to longer term continues to be favorable as demand is expected to grow at around 2% while supply growth remains constrained. In the shorter term, there is considerable market uncertainty with the outcome of current international trade negotiations unclear.''
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The above poser is one of the most frequently asked questions on the subject of stock market investment, for which there cannot be a simple answer but rather a number of factors - which this article will endeavour to consider.
Read More...No the chart below isn't bitcoin in December its Plus500 today! (Weekly Chart) The UK spreadbetter has quickly climbed the ladder to challenge IG and CMC and seems to be succeeding. In the latest report, the Co. hiked the interim payout to USD157mln vs prev Y/Y USD27mln.
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