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Pin to quick picksBowleven Share News (BLVN)

Share Price Information for Bowleven (BLVN)

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Share Price: 0.20
Bid: 0.15
Ask: 0.25
Change: 0.00 (0.00%)
Spread: 0.10 (66.667%)
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London close: Santa Rally continues as UK stocks rise for sixth straight day

Tue, 23rd Dec 2014 16:51

UK stocks rose again on Tuesday as the Santa Rally continued into its sixth straight day, with markets boosted by some upbeat economic data from the States.Third-quarter US annualised gross domestic product (GDP) growth was revised to 5% from an initial estimate of 3.9%, representing the strongest rate of expansion since 2003."The jump in US GDP driven by consumer spending is another bit of evidence demonstrating the benefit of lower oil prices to the global economy," said analyst Jasper Lawler from CMC Markets UK.The FTSE 100 finished 0.3% higher at 6,598 by the end of the session, its highest close since 8 December, helped by energy stocks as crude prices rebounded.In other US economic data, the University of Michigan's consumer-confidence index and personal spending figures came in better than expectations, though new-home sales and durable goods orders missed forecasts slightly.Closer to home, the FTSE 100 pulled back from its intraday high early on after UK GDP growth was surprisingly revised lower. While quarter-on-quarter growth was confirmed at 0.7% for the third quarter, the annual rate of expansion was revised to 2.6% from the initial estimate of 3%.News from Greece was also limiting gains across European markets after Greek Prime Minister Antonis Samaras failed to garner enough support for his presidential candidate in a second round of voting. Parliamentarians will now be called on to vote for a third and final time on 29 December.Energy stocks jumpOil and gas producers such as BP, Tullow Oil, Shell and Premier Oil were all performing well by the end of the session as Brent crude advanced 1.2% to $60.82 a barrel. Energy services companies such as Petrofac, Hunting and Weir Group also saw shares rise.Retailers were also providing a lift with Wm Morrison, Tesco and Sports Direct putting in decent gains.Thorntons was a heavy faller, dropping over 22% after warning of a "significant reduction" in orders from major supermarkets and a problem with its warehouse distribution. Earnings for the full year are now expected to be "below those achieved for the last financial year".Cameroon-focused oil explorer Bowleven jumped after being allowed extra time for the completion of the farm-out agreement over its Etinde project as it continued to sweat over presidential approval. Market MoverstechMARK 2,953.95 -0.19%FTSE 100 6,598.18 +0.33%FTSE 250 16,094.23 +0.64%FTSE 100 - RisersTullow Oil (TLW) 419.70p +3.12%CRH (CRH) 1,559.00p +3.11%Morrison (Wm) Supermarkets (MRW) 180.40p +2.50%Smiths Group (SMIN) 1,108.00p +2.40%ARM Holdings (ARM) 998.00p +2.31%Sports Direct International (SPD) 712.00p +2.30%Randgold Resources Ltd. (RRS) 4,240.00p +2.17%Weir Group (WEIR) 1,912.00p +2.03%Tesco (TSCO) 184.60p +1.99%Centrica (CNA) 282.50p +1.88%FTSE 100 - FallersShire Plc (SHP) 4,533.00p -2.81%Reckitt Benckiser Group (RB.) 5,200.00p -2.07%AstraZeneca (AZN) 4,516.50p -1.88%Smith & Nephew (SN.) 1,089.00p -1.71%Barratt Developments (BDEV) 459.00p -1.48%Persimmon (PSN) 1,572.00p -1.32%Taylor Wimpey (TW.) 134.70p -1.32%Aggreko (AGK) 1,528.00p -0.84%BG Group (BG.) 879.50p -0.74%Ashtead Group (AHT) 1,169.00p -0.51%FTSE 250 - RisersEuromoney Institutional Investor (ERM) 1,125.00p +5.73%Evraz (EVR) 149.20p +4.55%Centamin (DI) (CEY) 60.15p +4.52%RPS Group (RPS) 218.40p +4.40%Workspace Group (WKP) 764.50p +4.37%Serco Group (SRP) 163.10p +4.15%Petra Diamonds Ltd.(DI) (PDL) 191.50p +4.08%Premier Oil (PMO) 172.00p +3.61%SIG (SHI) 171.30p +3.32%PayPoint (PAY) 922.50p +3.30%FTSE 250 - FallersHikma Pharmaceuticals (HIK) 1,985.00p -3.69%Polymetal International (POLY) 555.50p -3.05%Saga (SAGA) 151.00p -2.45%BTG (BTG) 797.00p -2.03%Greggs (GRG) 723.00p -1.97%RPC Group (RPC) 509.50p -1.45%Bank of Georgia Holdings (BGEO) 2,037.00p -1.45%Big Yellow Group (BYG) 610.00p -1.37%Genus (GNS) 1,269.00p -1.25%Fisher (James) & Sons (FSJ) 1,159.00p -1.19%
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17 Sep 2012 09:32

Resources round-up: Falkland Oil and Gas, Bowleven, Solgold

Falkland Oil and Gas said it had discovered gas at its Loligo exploration, but was unable to determine whether the gas had any liquid content. The firm said it would plug and abandon the well in the the East Falkland basin. It added that it would be premature to drill a second well at the current lo

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25 Jun 2012 11:26

Broker tips: Carnival, Polymetal, Tower Resources...

Investec has labelled cruise operator Carnival as a 'key sector pick', saying that the recent dip in the share price should be used as a buying opportunity; the target price is lifted from 2,500p to 3,000p. "We advise utilising Friday's drop to invest in our sector key pick, with the group having:

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25 Jun 2012 11:23

Broker snap: Jefferies downgrades Tower and Cove

Jefferies has downgraded its ratings for both Tower Resources and Cove Energy as part of its review of the oil and gas exploration and production sector. "We continue to favour E&Ps with high quality exploration with near-term exploration catalysts. We believe oil prices should stabilise as Saudi A

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24 May 2012 09:27

Thursday broker round-up - UPDATE

ARM Holdings: Jefferies reiterates buy recommendation and 485p target. ASOS: Investec keeps hold rating and 1,250p target. AstraZeneca: AlphaValue upgrades to BUY from add. Booker: Panmure Gordon upgrades from hold to buy. Bowleven: UBS slashes target from 105p to 70p, neutral rating unchanged.

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16 Apr 2012 10:36

Plexus picks up million pound contract

Plexus Holdings (POS), the oil and gas engineering services firm, has secured a contract potentially worth over one million pounds to provide wellhead systems and services to exploration firm Bowleven (BLVN). The firm said the equipment would be used for appraisal activities on two wells, both loca

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30 Mar 2012 14:36

Resources round-up: Enegi Oil, Bowleven, Solo

Enegi Oil is nearing completion of the workover on the PAP 1 well, where data has indicated that the well can be flowed on a continuous basis. The firm has also signed an agreement with Advanced Buoy Technology to apply for licenses in the UK North Sea under the 27th Seaward Licensing round organise

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26 Mar 2012 10:26

Resource stocks round-up: Stellar, Bowleven, Ithaca ...

West Africa-focused Stellar Diamonds said it had discovered a significant maiden diamond resource at its Tongo Kimberlite Dyke Project in Sierra Leone. The firm said the high diamond grades and values exhibited at its Dyke-1 mine made it one of the highest value kimberlites in terms of dollars per t

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29 Feb 2012 09:11

Wednesday broker round-up - UPDATE

ITV: Nomura maintains neutral recommendation and 88p target; Prime Markets gives buy rating and 95p target; Peel Hunt ups target from 83p to 88p, hold rating kept. Standard Chartered: Nomura keeps buy rating and 1,800p target. CRH: UBS ups target from 1,150p to 1,300p, neutral rating kept. Schrod

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17 Feb 2012 14:02

Bowleven could be Dragon's new flame

The City's inability to keep a secret was highlighted yet again on Friday morning as Bowleven's share price surged, prompting fellow oil and gas company Dragon Oil to admit it is running the rule over the company. Shares in BowLeven, which has oil and gas assets in West Africa, moved up steadily th

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24 Nov 2011 12:59

Broker tips: Weir, Rexam, BowLeven

Peel Hunt has upgraded FTSE 100 industrial engineer Weir from hold to buy following yesterday's acquisition of Seaboard Holdings. Weir, which operates in the oil, gas, power and mineral markets, announced that it would pay $675m for US wellhead specialist Seaboard, a deal which Peel Hunt thinks loo

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24 Nov 2011 10:11

Broker snap: Evolution downgrades BowLeven after Sapele-3 results

Evolution Securities has downgraded its rating on West Africa-focused oil and gas exploration group BowLeven from buy to neutral, saying that the latest results from Sapele-3 well "leaves more questions than answers". The firm announced on Thursday that the well, located off the coast of Cameroon,

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24 Nov 2011 10:02

Digital Look broker talk

Dixons Retail: "There was an improved sales and gross margin performance in Q2, with encouraging progress on several key financial metrics including net debt, working capital and inventory. These should go some way to allaying fears on the group's financial position, in our view" [Investec]. Pennon

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24 Nov 2011 09:48

Thursday broker round-up - UPDATE

Weir: Peel Hunt upgrades from hold to buy, target cut from 2,100p to 2,000p. Weir: Investec maintains buy rating and 2,250p target. Compass: Panmure Gordon raises target from 643p to 658p, buy rating unchanged. Smith & Nephew: Panmure Gordon cuts target from 750p to 640p, buy rating kept. Dixons

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24 Nov 2011 08:15

Bowleven makes new discovery off Cameroon Coast

Bowleven, the West Africa focused oil and gas exploration company, says it has found more hydrocarbons at its Sapele-3 well off the coast of Cameroon. This well was aimed at what is called the "Epsilon Complex" an area where Boweleven has already dug three successful wells. The firm claims tests in

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3 Nov 2011 09:03

UPDATE: Thursday broker round-up

Tate & Lyle: Panmure Gordon raises target from 615p to 645p, keeps hold rating. Marks&Spencer: Credit Suisse cuts target to 345p from 390p, stays at neutral. Next: UBS ups target from 2,600p to 2,800p, buy recommendation unchanged. St. James's Place: UBS downgrades from buy to neutral, target red

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