AIM oil and gas favourites languish near lows
Feb 14, 2014 at 7:11 am in AIM by contrarianuk · Leave a Comment »
You are browsing the archive for 2014 February.
by contrarianuk
by contrarianuk
African Barrick Gold – what a turnaround story!
Feb 13, 2014 at 11:03 am in General Trading by contrarianuk · Leave a Comment »
Last summer I had some fun and games trying to trade gold miner, African Barrick Gold (ABG), and most of it rather unsuccesfully as its shares fell off a cliff. In June 2013 they went down below £1 and right now they are £2.60, an incredible recovery as a new management team has put in place new cost cutting measures to offset a weak gold price to boost profitability.
by contrarianuk
Goldman Sachs tops up stake in Blinkx after Harvard Professor Ben Edelman casts doubt on company
Feb 12, 2014 at 6:42 am in General Trading by contrarianuk · 2 Comments »
by contrarianuk
Sunday Times articles cast doubt on Premier Oil commitment to Falkland Islands
at 6:42 am in AIM by contrarianuk · Leave a Comment »
The Falklands Islands oil campaign has always been controversial for all sorts of reasons. First there’s the agitation of the Argentinian government who argue that companies have no right to produce oil since sovereignty of the Falklands should be Argentine not British. Then there was all the drilling ups and downs with Desire Petroleum (now part of Falkland Oil and Gas), and Rockhopper Exploration.
by contrarianuk
Equity market correction appears to be over for now as investors dismiss poor US non-farm payroll data and pile back into markets
Feb 9, 2014 at 4:06 pm in Market Commentary by contrarianuk · Leave a Comment »
The first 5 weeks or so of 2014 proved to be the fertile correction territory that was so badly needed after the huge gains in global equity markets in 2013. With worries about emerging markets triggering a sell off in currencies, the VIX, the fear index, spiked last week to levels not seen since the 2008/2009 financial crisis.
by contrarianuk
January 2014 US non-farm payroll data comes in light
Feb 7, 2014 at 1:41 pm in Market Commentary by contrarianuk · Leave a Comment »
The US non-farms payroll data for January just came in. The data from the U.S. Bureau of Labor Statistics was expected to show 180,000-190,000 workers were hired but the number came in light at just 113,000. The unemployment rate was expected to remain unchanged at 6.7% but came in at 6.6%, the lowest since October 2008.
by contrarianuk
Another earnings report, another profits warning for giant of old, Sony
Feb 6, 2014 at 1:26 pm in General Trading by contrarianuk · Leave a Comment »
by contrarianuk
by contrarianuk
Twitter shares due for first earnings report after big hitting IPO
Feb 5, 2014 at 12:34 pm in General Trading by contrarianuk · Leave a Comment »
by contrarianuk
New Fed Chair Janet Yellen meets Congress for the first time
Feb 11, 2014 at 3:30 pm in Market Commentary by contrarianuk · Leave a Comment »
New Federal Reserve Chairwoman Janet Yellen is meeting Congress for the first time today. Business as usual compared with the Ben Bernanke era by the look of it particularly as she is keen to maintain the era of ultra easy money for the foreseeable future.