May 20 2020
Resources & environment
Recent Research
Premier Oil, Tough times
May 13 2020
Tullow Oil, Secures new leadership
Apr 21 2020
Kenmare, Guidance withdrawn as precaution
Apr 9 2020
Tullow Oil, A little comfort
Apr 3 2020
Meet your Resources & environment Research team
Oil and gas
Certainly down, but is it out?
A one-two combination of energy greening and COVID-19 has created the toughest conditions for the oil market in a very long time. There is a sense that it’s all over for the commodity....
Premier Oil
Tough times
It is a tough market all round for the oil industry and Premier Oil is no exception. It is dealing with low oil prices and COVID restrictions, like the rest of the industry, but is also...
Tullow Oil
Uganda deal a major step in the right direction
Coming on the heels of a successful debt re-determination and confirmation of new CEO leadership, the Uganda deal is a major step in the right direction. It also points to the fact...
Tullow Oil
A little comfort
The news that Tullow Oil has successfully completed its six-month reserve base lending (RBL) review should provide some comfort to shareholders. At the same time, capex...
Oil and gas
Another casualty of COVID-19
Make no mistake about it - the combination of COVID-19-related demand collapse and OPEC’s fight for market share is nothing but bad news for the oil price and industry. Current oil...
Kenmare
Transition year ahead against COVID-19 backdrop
Given some of the headwinds it faced, Kenmare turned in a very reasonable performance in 2019. However, eaten bread is soon forgotten and the current year has elevated levels of...
Cairn Energy
No surprise and in control
Reassuringly, the last operational update for Cairn Energy before its final outturn looks to be without surprise. Strategy looks well defined and financial risk is minimal at this point in...
Kenmare
Final trading update for first of two transition years
The full year production outcome is best seen in the context of a two-year transition period, during which the group is trying to expand production and hold existing output at the...
Ormonde Mining
Exits tungsten mine in Spain
The news that Ormonde has sold its 30% share in the Barruecopardo mine in Spain to Oaktree, the major shareholder in the project, for a net €6m is disappointing in the context of...
Premier Oil
Doubles down on North Sea assets and delivers good operational performance
On the face of it, the deal to purchase $800m of North Sea assets makes a lot of sense in that it is in an area Premier Oil understands, ensures efficient use of tax losses and...
