Oil price, Reabold/Deltic, Angus Energy, and finally…
Malcys Blog
Malcy's Blog - 3 min Read
12:57, 17th July 2020

WTI $40.75 -45c, Brent $43.37 -42c, Diff -$2.62 +3c. NG $1.72 -5c

Oil price

Oil is dithering, another record day for COVID-19 yesterday as the US reported over 75,000 new cases but there are other countries vying for the unenviable record. Today oil is off around 40 cents ahead of the rig count.

Reabold Resources (RBD)  / Deltic Energy (DELT)

I note the further statement by Reabold this morning with regard to the ‘possible offer’ for Deltic Energy. It seems that the areas of difference are going to be around West Newton and of course price and whilst this isn’t an actual bid yet the price mentioned seems at first glance look like a bit of a ‘sighter’. Also RBD aren’t quite sure whether the Deltic wells are exploration or appraisal…

Whilst I have had a number of enquiries from shareholders of both companies it seems that neither management is either able or keen to talk about what is going on. I have calls into both companies which have not been replied to since yesterday and I note that neither company has IR/PR representation in this process.

I will comment next week with or without management input but hopefully with. However if this drought continues I guess shareholders will only be able to rely on statements from the company to answer questions from management about their plans…

Angus Energy (ANGS)

Yesterday I managed to get George Lucan in front of the Core Finance cameras as there has been much going on at Angus Energy, the link to the interview is below.

Core Finance CEO Interview: George Lucan of Angus Energy

And finally…

Another busy weekend, the football season is drawing to a close and after tonight’s game between the Hammers and the Hornets all teams will have only 2 games left which makes this game crucial, whoever wins is almost safe…

Last night the Toffees and the Villa drew 1-1, the Foxes beat the Blades, the Eagles succumbed to the Red Devils and the Riviera derby ended up Saints 1 Seagulls 1.

Tomorrow sees relegated Canaries facing the Clarets and on Sunday it’s another Riviera derby between the Cherries and the Saints.

It is also FA Cup semi final weekend, tomorrow the Gooners face the Noisy Neighbours and on Sunday it’s the Red Devils v Chelski.

It is also another F1 weekend, this week the circus is in Hungary, it has been raining this morning but when out the Mercs were the fastest.

And the 2nd test match continues, with ‘Chinese’ and ‘Creepy Jnr’ back in the hutch after getting out to the slow bowler (not to be confused with a spinner) having a fill-in over before lunch they will want to forget yesterday but not as much as Jofrah Archer….Score as I write is 220-3.

Disclaimer & Declaration of Interest

The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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