(MENAFN- ProactiveInvestors) Smiley shareholders of () up 6% today are apparently keen to see deals done in the North Sea.
Xcite’s un-official twitter account @xcite_energy which is run by a group of enthusiastic shareholders this afternoon engaged in some light hearted trolling of the Norwegian oil firm.
“We’re waiting by the phone :-)” was the shareholder group’s response to StatOil which had invited discussion on its social media channel regarding the future of oil industry collaboration.
Xcite has in recently sought a number of collaboration agreements with larger North Sea firms such as StatOil Shell and EnQuest to evaluate potential synergies among their respective neighbouring fields.
On AIM Xcite shares today continued to advance up 6% buoyed by last week’s upbeat reserve upgrade which defined some 265mln barrels of heavy oil at the flagship Bentley field – which by the company’s count is worth US$2.3bn.
() which produces an altogether different type of crude was another stand-out stock on Tuesday as the Ivory Coast based palm oil group this morning revealed another record month for output.
Production through Dekel’s extraction mill in in April was 4818 tonnes. The group has now produced 14496 tonnes of crude palm oil (CPO) in 2015 so far – versus 14472 tonnes for the whole of last year. April is the start of the peak harvesting season and production is expected to remain very strong until June.
A new funding deal in South Africa help iron ore junior rise around 30% while specialist electronics firm Cap-XX () jumped 45% after telling investors it will use the recent share price strength to raise money.
Last week Cap-XX revealed it had designed the world’s thinnest supercapacitor Thinline for electronic devices including wearable devices mobile phones and digital cameras.
Bus maker () which last week revealed plans to leave AIM and Zambia based metal recovery business () were the day’s notable fallers – each losing around 20%.
Away from the junior market’s customary clutch of big movers the activity in the broader market remains somewhat subdued in the lead up to Thursday’s general election.
The FTSE 100 took further backwards step ahead of what experts expect to be a hung-vote.
Trading at 6940 London’s blue-chip benchmark was down 46 points or 0.66%.
Mexican silver firm and Coca Cola’s UK listed bottling unit managed to top the index’s riser for the day with gains of around 3% and 2.6% respectively.
TUI (LON:TUI) owner of Thomson and First Choice travel agents ended the day in positive territory after a report claimed the company was preparing a number of cuts which may include jettisoning booking website LateRooms.com.
Building equipment rental company Ashtead () took a hit after figures on Friday showed construction spending in the US fell in March when it was expected to grow.
Banking giant () dropped more than 3% to 625p despite first quarter profits rising by 4%. The bank said the decision on if it will move away from the UK will be made in months not years and raised the prospect of hiving off its UK branches.
Takeaway app specialist () saw first quarter orders rise by 51% for the second year in a row. Shares were 3.86% higher to 473.6p.
Pub-owner and brewer () said drink-driving legislation in Scotland had put sales into reverse over the last 15 weeks of the year. Like-for-like sales were up however and shares eked out a 5p gain to 819p.
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