Bean-counters will no doubt pick apart production stats as growing North Sea oil operator Ithaca (LON:IAE) releases its interim results tomorrow.
Those that have been following Ithaca over the longer term, however, will be keen for an update on Stellar, the group’s flagship oilfield development.
Stella promises to be the cornerstone of the group’s operations when it comes online next year, subsequently driving a doubling of production to around 30,000 barrels a day by 2016.
Investec, which last week initiated its coverage with a ‘buy’ and a 175p target, eyes the group’s cash flows which are described as ‘strong’, highlighting the potential for £1.2bn to be generated from oil production over the next five years.
Stella is the key catalyst to achieving this, and as such any updates on project timings revealed tomorrow would likely be the focus for many investors.
Elsewhere, investors will look to Serco (LON:SRP) with a degree of scrutiny, after a hefty downgrade for the troubled services group from one City analyst recently.
Numis believes investors are being too optimistic about the turnaround potential under new chief executive Rupert Soames and a dividend cut is possible ahead of another funding round in 2015.
Fans will be hoping the bookie can at least point to some signs of a revival.
The major economic announcements in the diary are: German ZEW Economic Sentiment, ZEW Economic Sentiment. US: NFIB Small Business Index, JOLTS Job Openings, Federal Budget Balance.