Genel Energy returns staffing to normal in Kurdistan
8th Sep 2014 09:08
Oil & gas group Genel Energy has begun returning staffing levels to normal in Kurdistan as political tensions in the Iraqi region have eased. Genel, headed up by former BP chief executive Tony Hayward, said it was returning its staff levels to normal following the temporary and precautionary step of
Read moreGenel Energy's part-owned well disappoints
4th Sep 2014 14:45
The Dilolo-1 exploration well, in which Genel Energy has a 7.5% working interest, has failed to encounter hydrocarbons. Consequently, the well, which is located on block 39 offshore Angola, will be plugged and abandoned. "Although further studies are needed in order to fully understand the result
Read moreThursday broker round-up UPDATE
21st Aug 2014 11:34
Beowulf Mining: Cantor Fitzgerald places its target price under review, while keeping a buy recommendation. Cairn Energy: Investec ups target price from 220p to 245p and reiterates a buy recommendation. Carillion: Oriel reinstates with a target price of 402p and a buy recommendation. Gem Diamonds
Read moreSector movers: Oil stocks fall on IEA demand outlook
12th Aug 2014 14:51
Oil and gas stocks fell on Tuesday after the International Energy Agency (IEA) said global oil demand would increase by less than initially estimated this year. The IEA said that despite heightened geopolitical tensions in countries such as Libya, Iraq and Ukraine, "the oil market today looks bett
Read moreTuesday broker round-up UPDATE
12th Aug 2014 09:25
African Barrick Gold: Investec ups target price from 212p to 260p upgrading from sell to hold. Al Noor Hospotals: Jefferies cuts target price from 1155p to 1125p and maintains a buy recommendation. Aquarius Platinum: Citi shifts target price from 22p to 26p and keeps a neutral rating. BHP Billito
Read moreGenel's oil fields safe and secured despite tensions in Kurdistan
8th Aug 2014 15:34
Genel Energy said on Friday its Taq Taq and Tawke fields in the Iraqi region of Kurdistan remain safe and secure despite regional tensions. The oil and gas exploration company decided, however, to evacuate non-essential staff from the region. Taq Taq and Tawke fields have been producing an average
Read moreWednesday broker round-up UPDATE
6th Aug 2014 10:20
Aggreko: Jefferies raises target price from 1800p to 2000p and keeps a buy recommendation. Investec ups target price from 1650p to 1700p and leaves its hold recommendation unchanged. Avingtrans: FinnCap cuts target price from 170p to 155p downgrading from buy to hold. Aviva: Jefferies initiates wi
Read moreMonday broker round-up UPDATE
4th Aug 2014 10:10
Afren: Canaccord Genuity reinstates with a target price of 120p and a hold recommendation. Bodycote: N+1 Singer cuts target price from 850p to 835p, while staying with its buy recommendation. BT Group: Berenberg moves target price from 460p to 475p and maintains a buy recommendation. Espirito Sant
Read moreThursday broker round-up UPDATE
24th Jul 2014 08:59
Afren: JP Morgan shifts target price from 180p to 188p upgrading from underweight to overweight. Anglo American: Jefferies raises target price from 1550p to 1700p and reiterates a hold recommendation. Antofagasta: Jefferies increases target price from 825p to 1000p upgrading from hold to buy. ARM
Read moreThursday broker round-up UPDATE
17th Jul 2014 11:07
Antofagasta: Canaccord Genuity cuts target price from 870p to 835p and maintains a hold recommendation. African Minerals: Canaccord Genuity reduces target price from 230p to 170p and keeps a buy recommendation. Ashmore Group: Goldman Sachs downgrades to neutral with a target price of 430p. Barcla
Read moreFriday broker round-up UPDATE
4th Jul 2014 12:12
Antofagasta: Morgan Stanley upgrades from underweight to equal-weight with a target price of 750p. AVEVA: Societe Generale initiates with a target price of 2650p and a buy recommendation. Balfour Beatty: Westhouse Securities cuts target price from 220p to 183p downgrading from neutral to sell. RBC
Read moreGenel Energy boosts production and maintains 2014 guidance
3rd Jul 2014 10:56
Kurdistan oil producer Genel Energy reported higher production and maintained its 2014 guidance, saying its operations were secure amid unrest in Iraq. Genel, whose Chief Executive is former BP boss Tony Hayward, said its net working interest production averaged 63,000 barrels of oil equivalent per
Read moreThursday broker round-up UPDATE
19th Jun 2014 08:56
BAE Systems: Westhouse Securities initiates with a target price of 360p and a sell recommendation. Berkeley Group: Deutsche Bank increases target price from 2587p to 2877p retaining a hold recommendation. Jefferies raises target price from 2477p to 2543p and keeps a hold recommendation. BG Group:
Read moreWednesday broker round-up UPDATE
18th Jun 2014 09:03
Ashtead Group: Barclays ups target price from 930p to 946p retaining its overweight rating. Berkeley Group: Numis upgrades from hold to buy with a target price of 2491p. Brown (N) Group: Oriel places its buy recommendation under review. BT Group: Jefferies ups target price from 440p to 470p and k
Read moreTuesday tips round-up: Genel Energy, Gulf Keystone
13th Jun 2014 08:49
The Al-Qaeda splinter group ISIS has shot itself in the foot with its actions in the north of Iraq. While Baghdad´s hand in the region has always been weak that is not the case with the well-organised Kurdish fighters, who are more than a match for those from that radical islamist movement. This mea
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