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) when I first recommended it, I’m sure you’ve been watching its remarkable rise with great interest. If you didn’t, don’t worry. It’s not too late. Drill #2 is just about to start. The press release went out Thursday, and the stock forums began lighting up as investors evaluated the results. Retail investors may be waking up to the opportunity and word may soon start to spread. Spencer Hohan, a petroleum engineer, commented on Yahoo: “As a Petroleum Engineer of 40 years now, having spent a career with major oil companies, and smaller independents, it s hard to emphasize how rare it is for something like this to be a ‘hit’ on the first penetration well drilled based primarily on a geomagnetic survey. This is astounding. If the second well shows anywhere near similar geophysical properties, and further confirms the basin structure, this could easily be worth more than a hundred times its current price. Sorry, shorts. You d best cover today, or ....
Here is the current market situation from CNN Money North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.21%, while the IPC led the S&P 500 lower. They fell 1.14% and 0.06% respectively. What Is Moving the Markets Here are the headlines moving the markets. Oil Prices Rise On Weaker U.S. Dollar Following a 6-percent weekly gain last week, oil prices were slightly up on Monday morning, erasing earlier losses as the U.S. dollar weakened again. As of 10:39 a.m. EDT on Monday, WTI Crude was up 0.32 percent at $63.30 and Brent Crude was trading up 0.19 percent at $66.88. The weaker U.S. dollar was supporting oil prices early on Monday as it makes oil cheaper to buy for holders of other currencies. Price gains, however, were limited, in view of the second tsunami wave of COVID-19 cases in India, a major oil consumer and the third-largest ....
2 days Nuclear Overtakes Coal Fired Power Generation In Historic Move 2 days China Bans Tesla Use At Military Sites Over National Security Concerns 2 days Riyadh Refinery Attacked By Drones, Saudis Say Oil Supply Safe 3 days China Installed A Record-Breaking 52GW Of Wind Power In 2020 3 days UK Private Equity Firm Looks To Buy Stake In Angola s Oil Major Sonangol 3 days U.S. Threatens Nord Stream Partners With Sanctions 3 days Oil Major BP Plans UK’s Biggest Blue Hydrogen Project 3 days Subdued Chinese Demand Weakens Asia’s Spot Oil Market 3 days Climbing Yields, Stronger Dollar Weigh On Gold Prices 4 days Biden Administration To Enforce Trump-Era Sanctions On Iran Oil Shipments ....
Anglican bishops call for end to exploratory drilling in Namibia s Kavango Basin Thirty-four Anglican bishops and three archbishops from across the world have signed a petition calling for an immediate halt to exploratory drilling in the Kavango Basin, Namibia. The move comes after Canadian company ReconAfrica bought the rights to drill for oil in more than 35,000 square kilometres of the Kavango Basin, a World Heritage-listed and Ramsar Wetland Site that supplies water to the Okavango Delta. The region, which is protected under the protocol of the Permanent Okavango River Basin Water Commission, is reportedly home to largest remaining population of African elephants and 400 species of birds and is a sanctuary for many other animals. ....