Canadian Imperial Venture V.CQV.H

Our friends ENEGI and the price of OIL

[santiago44]

Thanks Ped. and Barrhead and Runar, et al for your posts these last few days, and , oh yes, you too Velle.  you got me bit with the curiosity bug.  Pulled up a few tidbits from the London Times Online today.

Bet of the day

How far will the oil price go after its recent surge to nearly $121 a barrel? As big fields near peak production, Ladbrokes is offering 8-1 that the price will hit $200 a barrel before the end of the year. It also has odds of 2-1 that Brent Crude will reach $150 before the year’s end. Ladbrokes said: “There appears to be no sign of a slowdown.”

Tiddler to watch

Enegi Oil, which is exploring the west coast of Newfoundland, Canada, rose 2½p to 177½p after Fox Davies began coverage with a 205p price target. The house broker said that first oil was expected in eight months if a well at its Garden Hill South field is successful. Enegi has secured a rig and has enough finances to begin drilling.