Oil

Woodside Petroleum (WPL)

Fri, 13/06/2008 - 12:09

Stock Code

WPL

Stock Exchange

Australian Securities Exchange

The parent company of the Woodside Group of Companies, the Woodside Petroleum Limited (WPL) is an Australian-based company engaged in the operation and management of hydrocarbon exploration, production, development, marketing and transportation, operation and implementation of the North West Shelf Gas Project as well as the condensate reserves, gas and oil exploration and development. WPL was listed on the Australian Stock Exchange on the 18th of November 1971. Its average annual revenue reaches approximately $3 billion out of its issued capital of approximately $700 million.

Oil Search (OSH)

Mon, 09/06/2008 - 01:17

Stock Code

OSH

Stock Exchange

Australian Securities Exchange

Oil Search Limited (OSH) is a Papua New Guinea-based company engaged in oil and gas exploration, development and production. The company functions as an operator for the exploration and production of the joint ventures and a participant in the same activity. Aside from its primary operation in Papua New Guinea, OSH also has operations in Egypt, Yemen, Iraq, Libya, Australia and Tunisia. OSH was listed on the Australian Stock Exchange on the 1st of January, 1974. Its average annual revenue reaches approximately $644 million.

Bank Stocks Gain as Markets Open Higher

Mon, 19/05/2008 - 04:55

As the Westpac's deal foresees counter bid from other banks, trading of bank stocks have plummeted over the last week. The Big Four banks have rallied and the five biggest players have touched their record high. The Westpac deal with St. George has renewed interest in bank stocks which are usually taken as safe haven. According to portfolio manager, Matthew Kidman from Wilson Asset Management, "For 10 years everyone has said that banks are a safe haven -- and they're definitely not that because they're highly geared and we've seen the share prices get thumped."

George Soros, Elections, US Dollar, Oil and Gold

Wed, 07/11/2007 - 23:50

George Soros, Elections, US Dollar, Oil and Gold

The week has been an eye opener for market watchers, traders and investors alike. We’re at a crossroads. (Aren’t we always at a crossroad?) Australia is going to elections at the end of November on Saturday 24th. US elections are coming too but that’s next year. Billionaire investor George Soros is warning of an impending market correction. The US dollar is continuing to decline all the while oil and gold is seeing all time highs. There you have it, the five topics that have caught my eye in the past week: George Soros, elections, the US dollar, oil and gold.

Australian Energy - Oil Prices

Mon, 08/10/2007 - 21:21

UBS has released some of their analysts' thoughts on the Australian energy sector, especially in the area of Oil Prices. In light of the recent strength in the oil price, the analysts have reviewed two oil pricing scenarios - Futures Curve and WTI spot to determine their impact on forecast EPS, valuations and our share price targets for our Australian E&P company coverage. Scenario 1: WTI Futures curve: average WTI oil price US$75/bbl: Applying the futures curve increases 2008 EPS forecast most for Tap (+84%), Santos (+47%) and Woodside (+41%).

Oil Search (OSH)

Mon, 17/09/2007 - 04:25

from Australian stock analyst Macquarie Research Equities. The oil company's stock price has jumped on the back of speculation of a bid. Shares in Oil Search (OSH) rallied as much as 19% in trade today after speculation emerged that the stock was in the sights of a corporate predator. In response to the press speculation in the South China Morning Post that CNPC Exploration was considering a bid of US$5bn (~A$5.50/share), Oil Search (OSH) has informed the market that it has not received any formal approach from any party regarding a takeover. The press report suggesting that CNPC (the equal joint venture between China National Petroleum Corp and its Hong Kong-listed subsidiary PetroChina) was planning to bid saw OSH rally to $4.60/share from Friday's close of A$3.85 per share before settling back to around $4.30 (up 11%).

While it would appear that this is not a signal of imminent corporate activity, it does support the view that the upside for OSH available from its large volume of undeveloped, stranded gas in PNG could be attractive to potential suitors. In previous analysts' research, they we have highlighted the possibility of takeover given the apparent increased level of appetite for LNG optionality in Asia from both Asian and international E&P companies. The recent price suggested by the Woodside:Petrochina LNG deal would support the view that China is increasingly attracted to gas importation despite the current high pricing environment. While the analysts believe the speculation may not be based on an immediate threat it does give an indication that substantial upside is available if ExxonMobil progresses with an LNG development. The New PNG Government will sit tomorrow for the first time under returning PM Sir Michael Somare and we anticipate the address to the nation will carry a strong message regarding the Governments expectations on a LNG development. Read a previous stock recommendation for Oil Search. The company was a previous Loser of the week

If You Trade Once Only This Year Trade Oil

Fri, 10/02/2006 - 23:57

The word on the street from Barclays Capital is that the pot oil price is set to rise to US$70 per barrel. Thats the message oil specialists at Barclays Capital are reading in the current resilience of the far forward oil futures (within the framework of the recent sell-down pressure). The simple message is this: "if you could only trade once this year – and that time had to be now – then crude is a clear buy". However, there may be still some more downside to come.

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