Resources

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Providence Resources

Preliminary results from the strategic review

Providence Resources had previously announced the initiation of a strategic review of the Barryroe field. This is now due to be completed by the end of January. However, a status...

Tullow Oil

Compelling risk/return profile within positive sector outlook

We expect the oil sector to deliver multi-year outperformance from current levels. Strong demand growth is combining with structural headwinds to supply, and the return of inflation...

Kenmare

Positive impacts from the tender offer

Kenmare has announced successful results from its tender offer, with the full £61.8m used to buy back 14.8m shares at the agreed price of £4.17 each. There is no impact to the EV but...

Tullow Oil

Trading update

Tullow Oil has released a trading update reaffirming strong operating performance during the year. Cashflow guidance has increased, and this will cover half of the recently announced...

ITM Power

Increased visibility on second manufacturing facility

ITM has announced that it has agreed terms to acquire a site in Sheffield to construct its next manufacturing facility. This will be 1.5GW and located close to its existing 1GW facility....

Providence Resources

Seabed site survey a positive step

Providence Resources has announced that it is undertaking a wellsite survey of the seabed at the Barryroe field, where it has an 80% share. This is a necessary precursor to any...

ITM Power

Powering ahead

The £250m equity raise announced further separates ITM from its peer group and enables a ramp up in production capacity. The business looks overcapitalized in the near term, but the...

Kenmare

Q3 production sets a new record

Kenmare has reported Q3 production data showing ilmenite volumes produced of 314,400 tonnes in the period. This is a record and was helped by strong grades in the quarter. It supports...