Gulf Keystone and Genel make 'significant' discovery
30th May 2013 08:43
Genel Energy and Gulf Keystone Petroleum have revealed a 'significant' oil discovery at their jointly-owned exploration well in Kurdistan. Gulf Keystone and Genel both hold a 40% working interest in the Ber Bahr block in the Kurdistan Region of Iraq, with the Kurdistan Regional Government having a
Read moreThursday broker round-up UPDATE
9th May 2013 07:23
Alkane Energy: Liberum Capital initiates with a target price of 44p and a buy recommendation. Anite: Panmure Gordon shifts target price from 170p to 171p and maintains a buy recommendation. Atkins: Credit Suisse raises target price from 770p to 822p, but downgrades to underperform. Avacta Group:
Read moreTuesday broker round-up UPDATE
7th May 2013 07:18
Admiral Group: JP Morgan reduces target price from 1246p to 1108p downgrading to underweight. Afren: Deutsche Bank lowers target price from 165p to 150p, while leaving its buy recommendation unchanged. Investec ups target price from 138p to 160p and upgrades from hold to buy. Betfair Group: Numis
Read moreTuesday broker round-up UPDATE
23rd Apr 2013 07:40
Associated British Foods: Panmure Gordon ups target price from 1750p to 1800p keeping a hold recommendation. Aveva Group: Sanlam Securities upgrades from sell to hold with an unchanged target price of 1980p. Bank of Georgia: Bank of America raises target price from 1443.60p to 1765p, but downgrade
Read moreGenel Energy expects significant 2013 results
22nd Apr 2013 08:25
Genel Energy said 2013 is set to be a significant year following encouraging results from its oil and gas operations in the first quarter. The company's guidance for the year remains unchanged with production between 45,000 to 55,000 barrels of oil per day (bopd) and revenue between $300m to $400m,
Read moreFriday broker round-up UPDATE
19th Apr 2013 08:47
African Barrick Gold: JP Morgan cuts target price from 290p to 200p, while leaving its underweight rating rating unchanged. Fox Davies reduces target price from 353p to 315p and maintains a hold rating. Westhouse Securities lowers target price from 195p to 180p retaining a neutral rating. Belvoir L
Read moreMediterranean Oil & Gas makes progress in Malta
12th Apr 2013 08:37
Mediterranean Oil & Gas (MOG) on Friday said it made "significant progress" with preparation for its fourth quarter drilling programme in Malta. The firm competed the sale of 75% of its interest in Phoenicia Energy Company to Genel Energy, signed a deal for the drilling of the Hagar Qim 1 well and
Read moreWednesday broker round-up UPDATE
10th Apr 2013 08:57
African Barrick Gold: Westhouse Securities upgrades from sell to neutral with a target price of 195p. Deutsche Bank reduces target price from 340p to 230p keeping its hold rating. African Minerals: Deutsche Bank reduces target price from 620p to 594p and leaves its buy recommendation unaltered. An
Read moreGenel Energy makes 'significant' oil discovery in Iraq
10th Apr 2013 08:18
Oil and gas company Genel has announced a 'significant' oil discovery at the first of five exploration wells it plans to drill this year in the Kurdistan Region of Iraq. The company said the Chia Surkh 10 well was drilled to a depth of 1,696 metres in the Oligo-Miocene section, and, in tests exten
Read moreThursday tips round-up: Genel, Rio Tinto, J.Sainsbury
21st Mar 2013 07:27
Iron ore miners, particularly Rio Tinto, are about to get hit by a large rise in supply, with the three biggest planning to add 200m tonnes of capacity by 2015, which is not far below Rio's annual output today. Hence, while demand is not falling off a cliff and Chinese steel mills have cleared exces
Read moreTuesday broker round-up UPDATE
12th Mar 2013 07:19
Abcam:Investec shifts target price from 484p to 487p and keeps a buy recommendation. Admiral Group: UBS ups target price from 1200p to 1275p and reiterates a neutral rating. Amlin: Westhouse Securities raises target price from 440p to 455p, but downgrades from add to neutral. Anite: Numis reduce
Read moreFriday broker round-up UPDATE
1st Mar 2013 07:17
Ashtead Group: Citigroup increases target price from 487p to 590p and keeps a buy recommendation. Atkins: JP Morgan raises target price from 893p 920p, reiterating an overweight rating. Berendsen: Panmure Gordon moves target price from 582p to 760p, while staying with its hold recommendation. Cant
Read moreFriday newspaper round-up: Chinese manufacturing, Sequester, WIlliam Hill...
1st Mar 2013 06:50
China's manufacturing sector grew more slowly in February, according to a survey that suggests the country's recovery could be slackening. The official purchasing managers' index dipped to 50.1 from 50.4 in January, data on Friday showed. It was the fifth consecutive month above the midpoint of 50,
Read moreThursday broker round-up UPDATE
28th Feb 2013 07:19
AZ Electronic Materials: Goldman Sachs moves target price from 440p to 450p and retains a buy recommendation. Bovis Homes Group: Deutsche Bank shifts target price from 667p to 679p, while downgrading to hold. British American Tabacco: Investec places its target price (previously 3350p) and buy rec
Read moreMediterranean Oil & Gas signs well agreement for operations in offshore Malta
18th Feb 2013 09:43
Mediterranean Oil & Gas has signed a service order with AGR Well Management for the provision of drilling engineering and rig support for its Hagar Qim 1 well offshore Malta. The oil company expects to spud the well in the fourth quarter of this year after it sources a rig for the operation. "We
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