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BP reports $3.6bn profit

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30 Jul 2014 @ 20:59

BP annouces financial results for the second quarter of 2014. Underlying replacement cost profit for the quarter of 2014 was $3.6 billion, 34% higher than the $2.7 billion reported for the same period in 2013 and 13% higher than the $3.2 billion result for the first quarter of 2014. The company also announced a quarterly dividend of 9.75 cents per ordinary share, the same level as the previous quarter but 8.3% higher than a year earlier. As previously announced, BP’s board will review the level of the dividend with the first and third quarter results each year. “This was another successful quarter, delivering both operational progress and robust cash flow. We are continuing to ramp up the major new projects …

 

Magnolia Petroleum talks US onshore oil

30 Jul 2014 @ 20:55
Operations Update Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, is provided an operations update across its portfolio of interests in proven US onshore formations including the Bakken, North Dakota and Woodford and Mississippi Lime, Oklahoma. This update is in line with the Company’s strategy to rapidly build production through...
 

Mariana Resources outlines drill targets at Los Cisnes Gold-Silver project

30 Jul 2014 @ 20:51
Mariana Outlines Drill Targets at Los Cisnes Gold-Silver Project Following Positive Trenching Results, Southern Argentina Mariana Resources Ltd, the AIM quoted exploration and development company focused in Peru and southern Argentina, has announced that it has outlined a number of drill targets prospective for bulk tonnage gold and high-grade gold-silver on the back of previous exploration...
 

Little In The Way of Support For The Euro

30 Jul 2014 @ 18:51
The break lower in EUR/USD is now clearly in train and Euro bulls are no longer ignoring the fundamentals. Selling of this pair was encouraged during the day as the market was presented with uninspiring preliminary German inflation data combined with the first Q2 GDP growth reading out of the US, which easily topped expectations. Tonight’s FOMC meeting is unlikely to contain any surprises...
 

Bank of England Delivers "Big Positive Step"

30 Jul 2014 @ 17:36
“A big, positive step,” is how Vince Cable described the Bank of England’s consultation papers published this morning. He went on to say that, “It is absolutely right that banker’s bonuses should be properly regulated so that they cannot cause the collapse of banking institutions.” Andrew Bailey, CEO of the Prudential Regulation Authority lauded the...
 

Fate secure FDA seal of approval

29 Jul 2014 @ 21:52
Phase 1b PROVIDE Study in Pediatric Patients with Inherited Metabolic Disorders Expected to Begin in 4Q14 Fate Therapeutics, Inc. (Nasdaq:FATE), a biopharmaceutical company engaged in the discovery and development of adult stem cell modulators to treat orphan diseases, announced today that the U.S. Food and Drug Administration (FDA) has cleared its Investigational New Drug Application (IND...
 

MACOM report $112m revenue for Q3

29 Jul 2014 @ 21:43
M/A-COM Technology Solutions Holdings, Inc. (Nasdaq:MTSI), a leading supplier of high performance analog semiconductor solutions, today reported its financial results for its fiscal third quarter ended July 4, 2014. Third Quarter Fiscal Year 2014 GAAP Results: – Revenue was $112.4 million, compared to $107.8 million in the prior fiscal quarter and $83.5 million in the previous...
 

Fitbug holdings secure loan and set court date

29 Jul 2014 @ 21:33
Secures £1,750,000 Loan on Attractive Terms – February 2015 Trial Date Set for Legal action Against Fitbit Fitbug Holdings Plc, the AIM listed provider of online personal health and well-being services, has announced that NW1 Investments Limited and Kifin Limited , a Kirsh Group subsidiary have together agreed to loan £1,750,000 to the Company. The Loan is repayable by 31 July 2015 and...
 

Clock Is Ticking for UK Banks

29 Jul 2014 @ 20:55
At approximately 10:00 am GMT, Wednesday morning, the Bank of England is expected to publish Consultation Papers 14/14 and 15/14, “Strengthening Accountability in Banking,” and “Remuneration” outlining, to the extent that we know at this point, new guidelines for the UK banking sector, including further empowering the BoE’s ability to clawback variable bonuses and...
 

African Potash talk Lac Dinga

28 Jul 2014 @ 23:01
Update Re Drilling Campaign at Lac Dinga Potash Project African Potash, the AIM listed exploration company focused on sub-Saharan potash assets, has issued an update regarding drilling activities at the company’s Lac Dinga Potash Project in the Republic of Congo. Further to the announcement on 23 June 2014 regarding the appointment of RCT srl to undertake a maiden 1,000m diamond drill...
 

MINING, OIL AND GAS

BP reports $3.6bn profit

30 Jul 2014 @ 20:59
BP annouces financial results for the second quarter of 2014. Underlying replacement cost profit for the quarter of 2014 was $3.6 billion, 34% higher than the $2.7 billion reported for the same period in 2013 and 13% higher than the $3.2 billion result for the first quarter of 2014. The company also announced a quarterly dividend of 9.75 cents per ordinary share, the same level as the previous...
 

Magnolia Petroleum talks US onshore oil

30 Jul 2014 @ 20:55
Operations Update Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, is provided an operations update across its portfolio of interests in proven US onshore formations including the Bakken, North Dakota and Woodford and Mississippi Lime, Oklahoma. This update is in line with the Company’s strategy to rapidly build production through...
 

Mariana Resources outlines drill targets at Los Cisnes Gold-Silver project

30 Jul 2014 @ 20:51
Mariana Outlines Drill Targets at Los Cisnes Gold-Silver Project Following Positive Trenching Results, Southern Argentina Mariana Resources Ltd, the AIM quoted exploration and development company focused in Peru and southern Argentina, has announced that it has outlined a number of drill targets prospective for bulk tonnage gold and high-grade gold-silver on the back of previous exploration...
 

Tangiers Petroleum: The Stock Drops Like A Stone

29 Jul 2014 @ 04:26
Tangiers Petroleum stock (LSE:TPET) has dropped like a stone as a result of a sudden weakness in the market. The downward break happened with a huge gap that violated recalcitrant demand zones that would normally be extremely difficult to violate with normal price actions. In the chart, the 4 EMAs that are used have periods 10, 20, 50 and 200 each. The color that stands for each EMA is shown...
 

GLOBAL NEWS

The Easiest Ways to Turn Losses into Profits

31 Jul 2014 @ 06:13

“Isn’t the promised reward of greater independence, financial freedom, and life choices worth the risk?” – Louise Bedford Anyone who says trading is easy is telling a lie. Anyone who says success in trading isn’t possible is also telling a lie. Trading is challenging as well as it’s rewarding. The challenges are the blessings that awaken the trading genius in us. Even, celebrated psychics have made accurate and failed predictions. If I was sure I could predict the future with the utmost certainty, I’d rather buy lotto tickets and enter my lucky numbers. Before the results were announced, I’d start smiling to my bank because I knew I couldn’t lose! By behaving as though we know what the market will …

 

Magnolia Petroleum talks US onshore oil

30 Jul 2014 @ 20:55
Operations Update Magnolia Petroleum Plc, the AIM quoted US onshore focused oil and gas exploration and production company, is provided an operations update across its portfolio of interests in proven US onshore formations including the Bakken, North Dakota and Woodford and Mississippi Lime, Oklahoma. This update is in line with the Company’s strategy to rapidly build production through...
 

Mariana Resources outlines drill targets at Los Cisnes Gold-Silver project

30 Jul 2014 @ 20:51
Mariana Outlines Drill Targets at Los Cisnes Gold-Silver Project Following Positive Trenching Results, Southern Argentina Mariana Resources Ltd, the AIM quoted exploration and development company focused in Peru and southern Argentina, has announced that it has outlined a number of drill targets prospective for bulk tonnage gold and high-grade gold-silver on the back of previous exploration...
 

Bank of England Delivers "Big Positive Step"

30 Jul 2014 @ 17:36
“A big, positive step,” is how Vince Cable described the Bank of England’s consultation papers published this morning. He went on to say that, “It is absolutely right that banker’s bonuses should be properly regulated so that they cannot cause the collapse of banking institutions.” Andrew Bailey, CEO of the Prudential Regulation Authority lauded the...
 

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