Latest Share Chat

Emerald Energy Share News (EEN)

Emerald Energy Information

There is currently no data for EEN

London midday: Rio's assets sale continues

Tue, 22nd Sep 2009 12:10

Miners continue to lead the market higher as investors return to the market after yesterday's pause for breath.Rio Tinto is wanted after it sold off another chunk of Alcan. The heavily indebted miner sold Alcan Composites, part of the Alcan Engineered Products division, to Swiss firm Schweiter Technologies for $349m. Last week, Rio announced the sale of 56% of the Alcan Engineered Products Cable business to Platinum Equity.Elsewhere in the mining sector Eurasian Natural Resources, Lonmin, Xstrata and Vedanta Resources all advance in line with strong metals prices while precious metals miners Fresnillo and Randgold Resources are also on the climb.Brokers are queuing up to sing the praises of Irish oil company Tullow Oil, following its two big oil finds last week. Nomura has upped its base case net asset value for Tullow to 1341p per share from 1160p, while Morgan Stanley goes further still and raises its price target to 1500p.Cruise ship operator Carnival is also a riser after Bank of America added it to its "Europe 1" list, while on the downside utilities are weak, with water companies especially under the pressure, led by Severn Trent and United Utilities.Tobacco giant Imperial Tobacco, best known for its Lambert & Butler cigarettes in the UK, said performance in the year to end-September remains in line with management's expectations. The integration of Gauloises and Gitanes maker Altadis is going well, the company said, and is on track to deliver the expected synergies.UK's leading building contractors are weaker after they were landed with heavy fines by the Office of Fair Trading after a four-year investigation into collusion and price-fixing in the building industry. Balfour Beatty, Kier, Carillion, Interserve and Galliford Try were among 103 firms fined. Struggling broadcaster ITV could be released from its public service requirement to provide regional news after Ofcom estimated the service would be heavily loss making once digital TV is switched on. Trainers and tracksuits group JD Sports has raised both first half profits and like for like sales, but warns the outcome for the year will depend on crucial Christmas trade. Profit before tax for the 26 weeks to 1 August rose 11% to £10.1m on revenue up 8.4% to £324m. Like for like sales rose 0.7% and are 'satisfactory' in the six weeks to 12 September, up 0.8%.Education IT specialist RM said trading so far this year has been in line with expectations. As mentioned at the time of its interim results on 11 May, the company expects revenue to grow this year as a result of its participation in numerous Building Schools for the Future (BSF) programmes.Oil production from Emerald Energy's Khurbet East field in Syria has topped 4.5m barrels, The oil exploration firm said current daily gross oil production is about 16,400 barrels per day. Attempts to recover oil from Khurbet East No.7 well proved fruitless. The company had regarded this as a long shot.Russian gold miner Highland Gold said profit soared 70% for the half year ended 30 June 2009. Marketing group Chime Communications has made an agreed offer for sports marketing specialist Essentially Group. Chime is offering 0.04545 of a new Chime share for each Essentially ordinary share. The terms value each Essentially share at 8.08p and the entire issued share capital of Essentially at about £18.23m.Mobile phone content provider Mobile Streams more than halved losses at the interim stage on reduced revenue.Shares in CVS gained after the vet services supplier reported a 71.9% jump in full-year operating profits and said it is confident in the group's future.Aurelian Oil and Gas has had a disappointing test result with the Voitinel-1 well in its Brodina concession in Romania. The oil and gas exploration company's shares tumbled Tuesday morning after it said the primary Badenian sand objective was non-hydrocarbon bearing, as were the underlying Albian sands.FTSE 100 - RisersEurasian Natural Resources (ENRC) 926.00p +5.95%Fresnillo (FRES) 794.50p +5.44%Lonmin (LMI) 1,769.00p +4.12%Carnival (CCL) 2,144.00p +4.08%FTSE 100 - FallersUnited Utilities Group (UU.) 453.50p -2.58%Severn Trent (SVT) 974.50p -2.35%Autonomy Corporation (AU.) 1,507.00p -1.95%British Land Co (BLND) 513.00p -1.91%

More News

2 Oct 2009 07:37

Emerald pleased with Gigante No. 2 progress

Emerald Energy is to break off fracture stimulation operations and perform an extended flow and formation pressure build-up test of the Caballos formation at its Matambo block in Colombia. The oil exploration company said that the testing, which is expected to take a month, will help determine the

22 Sep 2009 16:39

London close: Shares end up but down from highs

London's leading shares finished with slight gains but were well below earlier highs as miners eased back slightly. Eurasian Natural Resources, Lonmin, Xstrata and Vedanta Resources still posted healthy gains, while precious metals miners Fresnillo and Randgold Resources were also on the climb. R

22 Sep 2009 14:07

London afternoon: Shares off the top

Shares drifted lower over the lunchtime session but are still up on the day, helped in no small part by the strength of miners, which are rising in line with firmer metals prices. Rio Tinto is wanted after it sold off another chunk of Alcan. The heavily indebted miner sold Alcan Composites, part of

22 Sep 2009 08:46

London open: Bright start for Footsie

London's blue chips have made good progress this morning, buoyed by Wall St clawing back some of Monday's early losses in late trading in the US. It is resource stocks that lead the way again. Tullow Oil has recovered from the profit taking of the past two days, while Lonmin and Fresnillo are leadi

22 Sep 2009 07:38

London pre-open: Buyers to return

Last night's brave effort on Wall Street should help London claw back some of Monday's losses, according to early indications. The FTSE 100 is predicted to rise about 20 points early on after the Dow Jones narrowed its deficit to 41 points, helped by strength among heavyweight tech issues. Over he

22 Sep 2009 07:28

Emerald sorts out water problem at Syrian well

Oil production from Emerald Energy’s Khurbet East field in Syria has topped 4.5m barrels, The oil exploration firm said current daily gross oil production is about 16,400 barrels per day. Attempts to recover oil from Khurbet East No.7 well proved fruitless. The company regarded this as a long sho

17 Sep 2009 16:42

London close: Blue chips post useful gains

A better than expected start on Wall Street helped London post more gains by the close. Balfour Beatty was the best performer with the shares roaring ahead on plans to acquire Parsons Brinckerhoff, a US consultancy business. A rights issue to raise about £350m will fund the deal. Ian Tyler, Balfou

17 Sep 2009 14:16

London afternoon: Holding onto gains

London is still in the blue but off its best with futures pointing towards a flat start on Wall Street. British Airways has been the blue-chip stock to own in the third quarter of 2009 with its share price virtually doubling since the beginning of July. The shares get another lift today from Goldma

17 Sep 2009 12:08

London midday: Traders get on board British Airways

Risers outnumber fallers among FTSE 100 constituents by around three to one as London's strong run continues, despite flat retail sales in August. British Airways has been the blue-chip stock to own in the third quarter of 2009 with its share price virtually doubling since the beginning of July. T

17 Sep 2009 08:15

London open: Rise continues

Miners are giving London's blue chips a boost in early dealings, while Tullow Oil gained on the second oil find in as many days. Fresnillo, Kazakhmys, Antofagasta, Lonmin and Xstrata are all among the top performers. Tullow Oil gained after announcing the discovery of a significant oil field at N

17 Sep 2009 07:47

London pre-open: Surge to continue

With Wall Street finishing higher yesterday traders in London see no reason for the party to end this side of the Atlantic, and blue-chip shares are forecast to open mostly firmer. The FTSE 100 index is expected to open around 46 points higher. A strong performance from B&Q helped DIY retailer K

17 Sep 2009 07:14

Emerald Energy to proceed with Gigante No. 2 well

Emerald Energy, the oil explorer soon to be taken over by Chinese state-run oil company Sinochem Resources, said it continues to be pleased with the results achieved from its Colombian asset portfolio. Based upon the preliminary evaluation of the results from test drilling of the Mirto No.1 well, t

20 Aug 2009 08:11

Emerald pleased with Capella field progress

Oil explorer Emerald Energy declared itself pleased with continued progress In the Capella field in the Ombu block in Colombia. Drilling operations have started on Capella No. SH1, the first of two slim-hole wells scheduled to be drilled in the Capella field. The well is planned to take up to one

12 Aug 2009 13:15

FTSE 250 movers: Emerald Energy sparkles on bid

Emerald Energy is leading the risers after emerged Chinese state-run oil company Sinochem Resources has made a bid for the firm. Among the other main risers are housebuilders Taylor Wimpey and Barratt. Legacy software specialist Micro Focus has predicted a running twelve-month revenue contribution

Latest Share Chat

Emerald Energy Share News (EEN)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London midday: Rio's assets sale continues

Login to your account

Quickpicks are a member only feature

Login to your account