Using the Euroclear website, it is possible to track the stock on loan information for a range of stocks including Emerald Energy. This is a proxy for the outstanding short positions.
The progression of data for June, July and August 2009 goes as follows:
June Stock on Loan: 1,522,335 2.67%
July Stock on Loan: 1,939,294 3.39%
August Stock on Loan: 2,562,942 4.47%
On the face of it, it would seem strange that the stock on loan and hence short positions should increase markedly as the share price has risen to reflect first the announcement of the bid approach and then the agreed offer, since the effect would be for the holder of the short position to lose money.
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Emerald Energy is a mid-cap Oil Exploration and Production company listed on the Main List of the London Stock Exchange in the FTSE-250 index. It has a variety of assets in Colombia, Syria and Peru. This blog has been set up to track the bid approach and any takeover that follows.
Summary of Emerald's Assets
News Links
- US-Syrian Relations Thawing Paving the Way for Oil Deals
- Speculation on Hostile Bid for Gulfsands
- Recent Emerald Broker Note
- Recent Gulfsands Broker Note
- Chinese Media pick up on Emerald Approach
- Guardian speculates on Gulfsands Bid Approach
- Telegraph suggest Gulfsands also a target
- Telegraph says bidder is consortium of Chinese and ONGC
- Previous Sinopec-ONGC deal in Colombia for Ominex
- Gran Tierra rule themselves out of bidding for EEN
- UPI suggesting Chinese Interest from Sinopec or CNOOC
- FT Alphaville with MK quote
Links to Websites
- Emerald Energy Website
- Link to ADVFN thread for EEN
- Link to Gulfsands (50% Partner in B26)
- Link to Canacol Energy (10% owner of Ombu)
- Link to La Cortez Energy (20% owner of Maranta Block)
- LSE Page for Emerald Energy
- Link to Colombian Hydrocarbon Agency
- Link to Colombian Exploration Maps
- Stockopedia Blog
My Blog List
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Blog No Longer Maintained13 years ago
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Disclaimer
The posts in this blog are taken from a variety of sources and are posted in good faith. However, no investment advice is intended and this blog is no substitute for doing your own research. Investments can rise as well as fall and also fall and fall some more.
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