You are here: Home - Saving & Banking - News -

Investors choose oil and banking

Written by:

AIM-listed oil and gas explorer Empyrean Energy and US oil group Nighthawk attracted strong investor interest this week, according to brokerage TD Waterhouse.

Empyrean Energy ranked eighth in the brokerage’s top 10 buys and third in the top 10 sells. The company’s share rose by more than 100% following a commercially-viable gas discovery at its Sugarloaf project in Texas was confirmed.

Nighthawk Energy was also popular among TD Waterhouse investors, with shares hitting an annual high of 70.50p after bid speculation and positive drilling results at a ranch in Colorado, USA. Shares rose by 8% for the week as a result of this news.

Angus Rigby, chief executive officer at TD Waterhouse, said that UK banks also enjoyed a good week, occupying the top six positions in the best-buy table. He said: “The old adage of ‘buy low and sell high’ appears to have rung true this week for our investors, as UK banks take up the top six positions on our most popular stock buys and accounted for three-quarters of these trades. Amidst concerns about tightened mortgage lending and the uncertain property market in the UK, our retail investors continue to increase their exposure to banking stocks.

“There is speculation that the Government will announce details of a new lending programme to ease pressure on UK banks that will allow them to swap their mortgage-backed assets for government bonds. It is hoped this will make intra-bank lending easier which in turn, could help ease pressures on the credit and housing markets.”

Related Posts


Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co... Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
Third of Brits receiving incorrect bills

A billing study by has revealed that over a third of Brits received an incorrect household bill in the...