Malcy’s Oil & Gas Review
We caught up again with Malcolm Graham-Wood who recently returned from his trip to Kurdistan having visited both Genel & Gulfkeystone along with other analysts, the story appears to be pretty straight forward as Malcy attributes the comment ” It’s like buying an annuity “ as both companies are currently throwing off free cash. In addition, we hear more about Hurricane energy which has recently seen analysts reporting a valuation of 347p. Whilst there’s always risk, all tolled Graham-Wood argues there’s a very legitimate argument at that number.
Malcolm Graham-Wood has over 30 years experience in the Oil & Gas sector working in a variety of capacities, these days Malcy floats around the markets as the oracle of oil stocks, jet-setting to foreign lands reporting on prospective investment opportunities.
During the interview, we hear about a basket of oil companies including Reabold who have taken the opportunity to load its war-chest with a £24m placing giving RBD the option to take up a bigger stake at West Newton or indeed capitalise on other promising opportunities. Off-topic Doc highlights the lesson of backing the wrong horse as Highland natural resources (now Zoetic) looks to sell its O&G assets in the USA before moving into the CBD space under new management ” Doc proclaims Scratching deeply into the assets of a company is imperative “
Whilst the latest interview delivers buckets of invaluable data and information, both Doc & Malcy discuss some of the artful actions of other companies including Bahamas Petroleum whom after a decade (and a number of spurious announcements) it would appear the company is likely to limp through to its next drill under a cloud as the companies integrity is brought into question yet again given its recent announcements.
Finally, Malcy shares some opinion on both Tom Kelly and James Menzies of Empyrean & Coro Energy who are currently drilling its Duyung asset West Natuna Basin offshore Indonesia.
Companies Covered: #JOG #UJO #RBD #GENL #GKP #CORO #HNR #ZOE #CORO #HUR #EME #SOLO #NUOG #ECO
You can find Malcy here: Malcy’s Blog
Malcolm Graham-Wood talks Oil & Gas here with Doc
Andrew Benitz CEO at Jersey Oil & Gas chats to Malcy here
The author may hold shares in one or more company mentioned but was not remunerated
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