North Sea firm Capricorn Energy (LON: CNE) has bolstered its ranks with the appointment of a new commercial director.
Values – according to the rather twee maxim - are like lighthouses; they give direction, meaning and purpose.
What are ‘historically more normal prices’? Through 2022 the Brent oil price averaged about $100 a barrel (bbl), up around 40% on 2021. This follows a volatile 12 months where prices started the year at $78/bbl, reaching a peak of $130/bbl in March following Russia’s invasion of Ukraine.
As illustrated in French economist Frederic Bastiat’s 'parable of the broken window', it is often 'that which is not seen' that can be of greatest importance.
There was once a time when grandiose economic statements were something of a collector’s item.
A leading analyst says there are indications that high gas prices are likely to be a “multi-year” challenge, rather than a “spike”.
‘The valuations for E&P companies on the stock market are not very attractive’ – could we see more North Sea reverse takeovers?
The reverse takeover model could become more of a permanent fixture in the North Sea in the coming years as more private-equity (PE) backed operators look to go public.