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26 Apr 2013 07:24

Friday broker round-up UPDATE

Admiral Group: HB Markets initiates with a buy recommendation. AstraZeneca: Deutsche Bank takes target price from 3100p to 3160p and leaves its hold recommendation unchanged. Avon Rubber: Investec upgrades from hold to add with a target price of 420p. Betfair Group: Citigroup raises target price

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23 Apr 2013 11:07

Providence Resources starts drilling 44/23-1 Dunquin well in Ireland

Providence Resources has kicked off drilling at its 44/23-1 Dunquin oil exploration prospect off the west coast of Ireland. The oil and gas company said drilling operations are expected to take several months to complete at the well which is part of the Frontier Exploration Licence 3/04. "We are p

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5 Apr 2013 07:20

Providence and Lansdowne optimistic after Barryroe audit

Ireland-based oil and gas group Providence Resources and AIM-listed partner Lansdowne have received an audit of their joint-owned Barryroe oil field which confirmed 'significant' volumes and recoverable resources. The field, located in the North Celtic Sea Basin, contains the Basal Wealden and Midd

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29 Jan 2013 07:26

Tuesday broker round-up UPDATE

Anglo American: JP Morgan takes price target from 1630p to 1680p, while its underweight rating remains unchanged. ARM Holdings: Jefferies raises target price from 693p to 805p keeping a hold recommendation. Astra Zaneca: Barclays ups target price from 3100p to 3200p and retains an equal-weight rat

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26 Oct 2012 10:00

Friday broker round-up

African Barrick Gold: Investec cuts target from 530p to 526p, hold rating kept. APR Energy: UBS cuts target from 600p to 530p, sell rating unchanged; Jefferies cuts target from 850p to 625p, hold rating kept. ASOS: Deutsche Bank downgrades to hold; Nomura ups target from 1,930p to 2,000p, neutral

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11 Oct 2012 13:17

Broker tips: RBS, Morrisons, Providence Resources

Credit Suisse has increased its target price for Royal Bank of Scotland to 190p from 180p, while maintaining its 'underperform' rating. RBS reports its third quarter results on November 2nd and Credit Suisse has reduced its estimated 2012 underlying loss per share from 7.6p to 3.3p, following the S

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11 Oct 2012 13:12

Broker snap: Seymour Pierce initiates Providence Resources at buy

Analysts at Seymour Pierce have written a very upbeat research note on the shares of Ireland-focused oil exploration group Providence Resources. In their own words: "whilst Providence's success at Barryroe has had a transformational effect on its share price, the company's exploration and appraisal

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11 Oct 2012 06:43

Thursday tips round-up: Avanti, Diageo, Providence Resources

"Three...two... one... letdown" was probably how some investors in the British satellite group, Avanti Communications, felt yesterday after the company unveiled a far from explosive set of full-year numbers. Avanti's pre-tax losses widened from £12.7m to £16m in the year ending June 30th, with rev

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10 Oct 2012 11:47

San Leon Energy rises on Barryroe update

San Leon Energy, the AIM-listed oil and gas explorer, rose following reports that studies on the Barryroe oil field will have a recovery rate of 17-43 per cent. The latest update from Barryroe's operator, Providence Resources, on the oil discovery in the North Celtic Sea Basin, offshore Ireland, h

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10 Oct 2012 07:36

Providence, Lansdowne upbeat about Barryroe potential

The Barryroe oil field in the North Celtic Sea Basin, offshore Ireland, has significant production potential, according to the latest studies by operator Providence Resources. Providence, which part-owns the licence (80% stake) along with AIM-listed peer Lansdowne Oil & Gas (20%), recently undertoo

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2 Oct 2012 08:17

Tuesday broker round-up

African Barrick Gold: Deutsche Bank raises target from 510p to 540p, hold rating kept. African Minerals: Deutsche Bank cuts target from 708p to 610p, buy rating kept. Allocate Software: N+1 Brewin downgrades to hold, target cut from 94p to 80p. Babcock: Investec raises target from 970p to 100p, b

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13 Sep 2012 13:12

Resources round-up: Berkeley, Providence, African Consolidated Resources

Berkeley Mineral Resources, which earlier this year signed a memorandum of understanding with Yunnan Xiangyun Feilong Nonferrous Metal Company, has said that the initial series of tests by Feilong on Berkleley's samples of mine tailings it owns in Kabwe, Zambia, have concluded that the material is p

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5 Sep 2012 09:43

Providence Resources mulls huge extra reservoir at Barryroe

Providence Resources, the oil and gas explorer working in the North Celtic Sea offshore Ireland, says its Barryroe field could have significantly more oil in place than originally thought. An analysis of data gathered at two new areas within the field suggests there could be the equivalent of an ex

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9 Aug 2012 09:19

Providence smiling after Irish licence granted

Two AIM listed oil explorers, Providence and Lansdowne, are celebrating after receiving a two year licensing option offshore Ireland. Providence Resources and its partner Lansdowne Oil and Gas have been offered a new licensing option over five part-blocks covering 500 square kilometres adjacent to

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7 Aug 2012 11:38

Resources round-up: Northern Petroleum, Providence, New World

Northern Petroleum has started drilling operations on the La Tosca-1 well, targeting a 43bn cubic feet of gross mean prospective resource gas prospect. The well is being drilled to evaluate the exploration potential of a gas prospect mapped from 3D seismic on the Longastrino Permit. The well is situ

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