Broker tips: Easyjet, Serco, Oil stocks
21st Nov 2014 12:26
Broker Liberum has lifted its target price for budget airline Easyjet from 1,650p to 1,725p and repeated its 'buy' recommendation, hailing the company's effort to adapt to an "inflationary world". Analyst Gerald Khoo said while non-fuel unit cost inflation is set to rise, Easyjet's so-called 'lean'
Read moreWesthouse highlights attractive oil stocks that can weather crude-price falls
21st Nov 2014 11:06
Westhouse Securities has called for investors in the oil and gas sector to be a "bit more patient" with oil prices currently rumbling along at multi-year lows, as it highlighted buying opportunities in the sector. Brent crude has now fallen over 25% to $79 a barrel since hitting a high of $115 a bar
Read moreThursday broker round-up UPDATE
6th Nov 2014 10:01
Amec: UBS cuts target price from 1185p to 1150p, while its buy recommendation remains unchanged. Afren: Liberum Capital cuts target price from 121p to 95p and stays with its hold recommendation. Antofagasta: Canaccord cuts target price from 790p to 760p and reiterates a hold recommendation. Associ
Read moreThursday broker round-up UPDATE
16th Oct 2014 08:57
Afren: Investec cuts target price from 195p to 120p and reiterates its hold recommendation. Amerisur Resources: Investec lowers target price from 75p to 65p and maintains a buy recommendation. Antofagasta: UBS upgrades from sell to neutral with a target price of 710p. ARM Holdings: Credit Suisse r
Read moreCircle Oil profits fall as expected but drilling programme excites
3rd Sep 2014 09:12
Interim profits fell by more than a third at Circle Oil, in line with expectations, as it invested in its Moroccan drilling campaign. Oil production in Egypt continued on a "solid footing" after successful drilling added new producers, while Morocco's gas production now contributes increasingly to
Read moreCircle Oil makes a find off Tunisian coast
26th Aug 2014 14:19
Middle East and Africa oil & gas company Circle Oil has struck oil off the coast of Tunisia. Circle said it had made a potentially large discovery at its El Mediouni-1 well in the north central area of its Mahdia permit, about 74 miles (120km) east of the port of Sousse. The company had to suspend
Read moreTuesday broker round-up
26th Aug 2014 10:16
Bioquell: N+1 Singer upgrades from hold to buy with an unchanged target price of 112p. Investec cuts target price from 133p to 98p, while upgrading from hold to add. Circle Oil: Investec moves target price from 50p to 70p and maintains a buy recommendation. Clinigen Group: N+1 Singer ups target pr
Read moreCircle Oil finds gas in Sebou well onshore Morocco
18th Jun 2014 08:16
AIM-listed explorer Circle Oil has found gas at its SAH-W1 well in the Sebou Permit in Morocco. The well, which was spud on May 19th and drilled to a total depth of 1,263 metres, found gas at three levels within the target areas. Wireline logging confirmed the presence of three gas-bearing zones
Read moreTuesday broker round-up UPDATE
20th May 2014 07:58
Alent: UBS lowers target price from 360p to 355p and keeps a buy recommendation. APR Energy: Investec reduces target price from 1150p to 880p and stays with its hold recommendation. ARM Holdings: Goldman Sachs reduces target price from 1450p to 1400p and stays with its buy recommendation. AVEVA H
Read moreCircle Oil starts 12-well drilling campaign in Morocco
19th May 2014 07:58
AIM-listed oil and gas group Circle Oil has started its 12-well drilling programme in Morocco at its Sebou and Lalla Mimouna permits. This is the third drilling campaign in the Sebou permit and the first campaign in the Lalla Mimouna permit. Circle holds a 75% interest in both onshore permits. The
Read moreCircle Oil secures loan to fund Middle East and Africa expansion
14th Mar 2014 12:19
Circle Oil has secured funding of up to 100m dollars to expand its exploration and production in the Middle East and Africa. The group has signed a reserve-based loan with World Bank Group member IFC, which is secured against Circle's producing assets in Egypt and Morocco. The oil company plans to
Read moreCircle Oil expects extra production from Al Amir SE field in Egypt
3rd Mar 2014 16:07
Circle Oil's shares climbed after the oil and gas company said it was pleased with the results of the sidetrack of the AASE-19 well on the Al Amir SE field in Egypt. AASE-19 was drilled on December 1st and subsequently side-tracked for geological reasons. The well's objective was to appraise both t
Read moreMonday broker round-up UPDATE
16th Dec 2013 08:16
Admiral Group: Deutsche Bank moves target price from 1300p to 1330p and maintains a hold recommendation. Allocate Software: N+1 Singer raises target price from 98p to 108p keeping a buy recommendation. Amlin: Deutsche Bank ups target price from 465p to 484p reiterating its hold recommendation. Ca
Read moreCircle Oil announces drilling results in Egypt
10th Sep 2013 10:50
Circle Oil's shares rose after announcing drilling results of two wells in Egypt. The oil and gas explorer said the AASE-18 well encountered good reservoir quality following drilling on July 7th. The flow test showed production rate of 1,952 barrels of oil per day (bopd) and 1.821m standard cubic f
Read moreCircle Oil lifts interim profit
2nd Sep 2013 07:19
Circle Oil reported a robust set of interim results as it pumps out daily oil and gas at record levels and said it is starting to move forward on its other existing assets. The AIM-listed international oil and gas exploration company said profit for the period rose by 10% to $14.7m in the six month
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