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Union Jack Oil PLC (AIM:UJO, OTCQB:UJOGF) and Europa Oil & Gas (Holdings) Plc (AIM:EOG) have given an update regarding the planning status for their Wressle well site. The companies told investors that North Lincolnshire Council (NLC) will not resist the proposed legal challenge brought in respect of NLC's decision to grant planning consent for the further development of Wressle.
Europa Oil & Gas (Holdings) Plc (AIM:EOG) and Union Jack Oil PLC (AIM:UJO, OTCQB:UJOGF) respectively have responded to media speculation concerning a potential legal challenge to the planning permission for the Wressle well site in North Lincolnshire. Both companies are key stakeholders in the development, with Europa holding a 30% interest and Union Jack a 40% interest.
It would be wise to focus on EOG & FANG stocks, as the crude price is favorable despite BKR's weekly rig count report stating that the tally is declining.
It would be wise to focus on EOG & FANG stocks as the crude price is favorable despite BKR's weekly rig count report stating that the tally is declining.
Technical analysis patterns form on charts because of investor and trader psychology. This is why the same patterns appear on the charts of different securities.
It would be wise to focus on EOG & FANG stocks as the crude price is favorable despite BKR's weekly rig count report stating that the tally is declining.
Favorable oil prices are aiding EOG. However, being engaged in upstream business, the company is highly exposed to extreme volatility in oil prices.
Doug Butler, Rockland Trust SVP and director of research, joins 'Power Lunch' to discuss Butler's thoughts on three stocks: Pepsi, Nextera Energy, and EOG Resources.
It would be wise to keep an eye on EOG and MTDR stocks as crude prices are favorable, and BKR's weekly rig count report indicates that the tally is increasing.
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