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The Herald (Free subscription) | 4 hours ago
Four Scottish-based oil companies saw their share values fall yesterday on weaker crude prices and downgrades by Royal Bank of Scotland analysts.Royal Bank cut its price target on BowLeven to 320p from 450p and reduced its target on Cairn Energy to £30 from £45.40. It cut Dana Petroleum to 1800p from £25.45. The forecast for Venture Production was reduced to 750p from 890p.Traders marked down...
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Scotsman.com (Free subscription) | 5 hours ago
... forecasts on the price of oil. Cairn Energy plunged 12.2 per cent to 1,522p, while smaller rivals Dana Petroleum and Venture Production 70 fell 95.5p to 941.5p and 37.75p to 437.25p respectively. Aim-listed Bowleven dropped 15 per cent to 102p.Wolfson Microelectronics rose as analysts Panmure Gordon increased its rating to "buy" and the semiconductor maker continued its share buyback. Wolfson...
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Scotsman.com (Free subscription) | 10/03/2008
... continued to slide, sending producers and oil services shares sliding. Among the oil explorers, Dana Petroleum eased 26p to 1,156p and Venture Production dropped 17p to 590.5p. Wood Group, the Aberdeen oil services giant, lost 7.8 per cent to 325.75p.On Aim, Powerleague, the five-a-side football pitch operator, lost 0.5p to 33p after reporting flat profits of £5m, despite a 14 per cent rise...
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Scotsman.com (Free subscription) | 09/30/2008
OIL stocks tumbled as the financial crises widened yesterday, carving into Scottish energy explorers.
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Scotsman.com (Free subscription) | 09/23/2008
... 5.5p to 629.5p despite production starting at its long-awaited Chestnut field east of Aberdeen. Dana Petroleum, meanwhile, rose 28p to 1,321p and Cairn Energy gained 82p to 2,450p as oil climbed towards $110 a barrel. The rise in the crude price dragged down transport companies, though, with Stagecoach off 9.25p to 303.25p while logistics and distribution company John Menzies slipped 10.5p...
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Scotsman.com (Free subscription) | 09/20/2008
... per cent rise to 43.75p. Higher crude also boosted Cairn Energy, up about 12.3 per cent to 259p. Dana Petroleum was also up, 9.2 per cent to 109p. Melrose Resources seemed somewhat ignored, although it rose 5.4 per cent to 370p.Expectations that current turmoil will boost bus use prompted JP Morgan to raise its target prices on Stagecoach, albeit not as much as its English counterparts Arriva...
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Scotsman.com (Free subscription) | 09/10/2008
Edinburgh-based Cairn Energy was one of the biggest FTSE 100 fallers, slumping 7.8 per cent, or 209p, to 2,477p while Dana Petroleum lost 53p, or 4.1 per cent, to close at 1,253p.Wood Group slipped by 7.3 per cent, or 31.25p, to 395p, followed bADVERTISEMENTy Venture, which was down about 2.5 per cent, or 17p, at 673p. Faroe Petroleum fell 7 per cent or 11p to 139p. BowLeven was also badly hit,...
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Scotsman.com (Free subscription) | 09/09/2008
... back online.Cairn Energy was another beneficiary, surging 133p, or 5.21 per cent, to 2,686p, while Dana Petroleum lifted 19p to 1,306p.With financial shares back in favour following the US government rescue of Fannie Mae and Freddie Mac, Aberdeen Asset Management was up 6.5p, some 4.94 per cent, to 138. Life and pensions heavyweight Standard Life leapt 25.75p, more than 11 per cent, to 259p....
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Scotsman.com (Free subscription) | 09/04/2008
... prices continued to ease down towards $100 a barrel. Venture Production lost 6.5p to 731p while Dana Petroleum slipped 24p to 1,325p.On Aim, Kinross-based textiles company Dawson International was unchanged on 2.25p, despite reporting a sharp fall in its interim pre-tax loss to £1.6m and predicting it would generate positive cashflow for the full year. WH Ireland reiterated a "speculative...
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Scotsman.com (Free subscription) | 09/03/2008
... to 719p.Hurricane Gustav's weakening also dragged down the oil sector as fears for supplies eased. Dana Petroleum was the hardest hit, down 6.8 per cent or 98p to 1,349p, while Venture Production shed 5.8 per cent to 737.5p. Melrose Resources bucked the trend, adding 3 per cent to 440p.Goals Soccer Centres, which tumbled as it reported lower- than-expected profits on Monday, recovered some...
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Scotsman.com (Free subscription) | 09/02/2008
... to climb after last week's strong interim results, adding 8p, or 13.2 per cent, yesterday to 68.5p.Dana Petroleum leapt on Friday's strong interim results but reversed much of the gain yesterday as oil prices softened. Shares dropped 59p to 1,447p.Weir Group added 6p to 930.5p after disposing of part of its Canadian business, raising £13.7m.Goals Soccer Centres fell after analysts trimmed...
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Scotsman.com (Free subscription) | 08/30/2008
DANA Petroleum, the Aberdeen-based oil and gas explorer, heralded the "most active year" in its history as it cheered record profits and production in its first half,
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Scotsman.com (Free subscription) | 08/30/2008
... to 2,978p, while Wood Group rose 4.7 per cent, or 21.5p, to 476.75p, buoyed by rising oil prices.Dana Petroleum shot up more than 8 per cent, or 116p, to 1,506p after it unveiled a 188 per cent surge in turnover to £314.5m over the six months to the end of June, while pre-tax profit lifted 138 per cent to £133.1m.
