Investments and investor services
Thursday's agenda: Super Thursday as BoE embraces change
The Bank of England has fallen into line with many other central banks by holding a press conference following the announcement of its interest rate decision.
Company
Genel Energy PLC
LON:GENL
Genel Energy is a socially responsible oil producer with production assets in the Kurdistan Region of Iraq and exploration assets in Oman, Somaliland and Morocco. Genel’s plans for delivery of shareholder value are underpinned by its corporate values and are driven by its strategic goals. Genel’s strategy comprises three objectives designed to build a business with resilient and diversified cash flows that delivers sustainable value to shareholders, and with the aim of restarting the payment of a regular dividend. Objective 1: Strong balance sheet Significant cash balance, appropriate leverage, strategic objectives funded Objective 2: Resilient cash generation Significant 2P reserves, predictable and resilient production, strong and efficient operational performance Objective 3: Investment in new cash flows Well-established and effective process for deal origination and evaluation of production or near-to production assets, cash generative assets with value upside
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Oil mergers may lower costs and unlock extra cash flow
Could mergers and acquisition activity breathe life into London’s downtrodden E&Ps?
Kurdistan promises monthly payments to oil firms
Monthly oil payments will start in September, the Kurdistan Regional Govt says
Investments and investor services
Week Ahead: HSBC - one last time before exiting stage right?
HSBC and Standard Chartered are often bracketed together because of their focus on Asian markets, and they continue their double-act this week.
RBC Capital has change of heart on Centrica
RBC Capital is upbeat on British gas owner Centrica and has flipped its rating on the shares to 'outperform' from 'underperform'.....
Hardware & electrical equipment
ARM expected to meet forecasts next week
ARM Holdings, Centrica, GKN, Wetherspoon, Afren and Gulf Keystone were all in Friday’s broker spotlight
San Leon to use its £29mln capital raise for a transformational drilling programme
Last year was, according to executive chairman Oisin Fanning, a transformational year
Investments and investor services
Proactive news summary including Anglo Asian, Tethys Petroleum, ZincOx, MX Oil, Motive TV and more
There was a lot of news in the world of small caps today, starting with Tethys Petroleum
Genel Energy’s oil output peaked above 100,000 bopd in first half
"Production has grown rapidly in the first half of the year,” said Tony Hayward
Investor spotlight shines on Morocco ahead of busy drill campaign
Cairn Energy’s signing of a rig contract today is another signal of the growing momentum in this emerging oil frontier.