Articles On Melbana Energy (ASX:MAY)

ASX ticks up 0.19% to end trading week flat Six of 11 sectors down, materials and financials lead gains Uranium stocks fire up once again   ASX trundles to flat finish The ASX has traded pretty much entirely sideways this week, neither ga...

Good afternoon and welcome to HotCopper Highlights, I’m Jon Davidson, in this segment we go through the most viewed and most discussed stocks you were deciding on Australia’s #1 finance website, let’s get into it starting with the most view...

ASX rises +0.5% before sliding back to just +0.18% Broad strength overall, however, with eight sectors higher Soft GDP numbers hide robust economic indicators   ASX slows to a flattish finish The ASX 200 took a sharp dip into negative ter...

Melbana Energy (ASX:MAY) has raised eyebrows on Wednesday after answering a not-too-common ‘please explain’ from the ASX compliance department, with regulatory officers apparently querying the nature of chairman Andrew Purcell’s long-runnin...

With more than seven million users on the HotCopper forums, every discussion and speculation can move Australian markets, which is why getting out in front of those trends is so important for any trader worth their salt. Listen to the Ho...

ASX shrugs off hot CPI read, closes up 0.81% Gold, lithium, rare earths lead resources gains Broad upward momentum across eight sectors   Gold and lithium build momentum Lion Selection Group (ASX:LSX) MD Hedley Widdup predicted Australia...

Invictus Energy (ASX:IVZ) shares were down -30% heading into mid-arvo trades as the market hasn’t exactly liked the prospect of the Qatari royal family buying 50% of the company at 9.5cps, to which the price has plummeted on Wednesday, corr...

Good Afternoon and welcome back to HotCopper Highlights for Week 45 of the year, I’m Jon Davidson. In this segment the stocks you were watching and discussing the most this week on Australia’s #1 finance website, let’s get into it starting...

ASX retreats from session highs of +0.63pc to climb +0.30pc Gold and silver stocks recover from recent sell down NAB losses undercut broader gains   Precious metals get a polish The ASX 200 has bounced after closing at a three-week low ye...

ASX recovers from session lows of -0.91pc to fall -0.13pc Info tech, commodities weakness undercut market Banks, defensive sectors mount resistance ASX battens down the hatches It was looking like we were in for another 90-point routing...

Melbana Energy (ASX:MAY) has been vindicated in its recent efforts to pivot its focus to WA’s North West Shelf (NWS), at least, after it reported on Wednesday that its Cuba-based Amistad-2 oil well came up a duster – seeing shares plummet...

ASX bounces off lows of -0.59pc to gain 0.15pc Info tech, banking stocks lead gains US-China trade truce undercuts critical mineral stocks   Westpac fuels banking wins The ASX 200 was set to notch a fifth day of losses before staging a la...

Predominantly Cuban-based oil and gas explorer Melbana Energy (ASX:MAY) has boosted its estimates for oil and gas reserves at its separate digs offshore northwestern Australia on the back of geophys analyses, with the company now reporting...

Australia’s S&P/ASX 200 rose 3.10% in August and has posted gains of 12.33% so far for CY25 Materials led the gainers up 9.19%, while Healthcare fell 13.21% with CSL having its biggest ever daily fall Rare earths explorer Kaili Resourc...

Good Afternoon and welcome to HotCopper Highlights for Week 34, I’m Jon Davidson. In this segment we look at the stocks you were watching and discussing the most this week, let’s get into it starting with the most viewed.  Kaili Resource...

Melbana Energy (ASX:MAY) has failed to rouse investor excitement even after it declares its fresh pending drill run hunting for oil in the niche jurisdiction of Cuba. Listen to the HotCopper podcast for in-depth discussions and insights...

ASX bulls take a breath as market falls 0.7pc Healthcare leads losses, down 8.7pc Biotech heavyweight CSL suffers worst single day losses in decades   Healthcare sector in need of resuscitation The ASX has given up its bull rush for the m...

With more than seven million users on the HotCopper forums, every discussion and speculation can move Australian markets – which is why getting out in front of those trends is so important for any trader worth their salt. Listen to the H...

Good Afternoon and welcome to HotCopper Highlights for Week 20, I’m Jon Davidson. In this segment we look at the stocks you were watching and discussing the most this week, let’s get into it. Starting with the most viewed:  Long time...

Melbana Energy (ASX:MAY) has jumped 5.7% on low volumes intraday Wednesday on the back of long-awaited news: as part of a trial shipment, at least, Melbana will be exporting oil. From Cuba. Who the buyer is – which is, to me at least, wh...

Healthcare sector lifts 1.34pc, propping up ASX gains ETFs and banks lift financials 0.48pc Consumer staples, info tech and real estate sectors undercut early gains   It was a fair-to-middling day on the ASX, with the Aussie market paring...

Highlights ASX Energy Stocks led the market higher in early trade, with strong movement from companies transitioning to full-time production. Gold-related activity remained elevated, as exploration updates and capital raisings in...

Melbana Energy (ASX: MAY) appears to have overcome formation issues that have hampered development plans at its Block 9 operation in Cuba. Melbana’s share price was up more than 35% in Tuesday morning trade after it reported that a successf...

Morning, and welcome to Stockhead’s Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading. With the market opening at 10am sharp eastern time, the data is taken at 10:15, once trading kicks-off in earnes...

Highlights Collins Food restructures to sharpen business focus Melbana Energy boosts production in Cuban project Tivan explores strategic mining partnership The Australian stock market, with its diverse sectors rangi...

Australian shares are carrying their hopeful up-trend into Tuesday in Week 16, with early ASX 200 futures pointing to a +0.17% gain before trade. Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest he...

Welcome to HotCopper Highlights for Week 9 of the year, I’m Jonathon Davidson. Let’s get into it. Star Entertainment took the top spot on Friday once again as its latest release gives investors an idea of how the company is faring – or h...

Highlights Major shifts in Australia's energy, financial, and materials sectors. Strategic moves by (PBH) and (MAY) drive market attention. Evolving trends in technology and real estate impacting stock movements. The Australian st...

Good Afternoon and welcome to HotCopper’s market close for Wednesday 26th of Feb, I’m Jonathon Davidson. Risk-off sentiment continued to define the XJO with the Aussie share market ending in the red down 0.14%. At least this time the red...

Melbana Energy (ASX:MAY) has released a maiden resource estimate – unrisked, mind you – for its oil and gas block offshore WA’s northwest, in a move that appears to show a company pivoting away from Cuba. A strange combination of fundame...

These days it’s getting harder and harder to be a true believer in Melbana Energy (ASX:MAY), one of the very few companies on the ASX operating in Cuba at all, let alone exploring for resources there. That’s not because the company becam...

Of the 2,200 entities listed on the ASX in 2024, ten stood out by quite a distance on the HotCopper forums as the most-watched stocks of the year. From gas to financial brokers, biotech operators to lithium miners, and even a gold antimo...

Melbana Energy (ASX:MAY) has reported significant progress in its oil exploration and production activities for the quarter ending 30 September 2024, with the company’s flagship Block 9 project in Cuba moving closer to production. The Block...

As bullion kept punching through all-time highs… … gold stocks ripped up the ASX small caps scene for September Also catching the eye: a Chinese coal deal, Spanish rutile purchase and antimony hunters   It was Virgo’s time to shine, and t...

Renewed optimism lifted the S&P/ASX 200 by 3% in September, closing at a record 8,239.20 points S&P Dow Jones Indices said small cap companies outperformed in September, with the materials sector rebounding 13%  Mithril Silver and...

After a few tumultuous years in the exotic jurisdiction of Cuba, ASX-listed energy explorer Melbana Energy (ASX:MAY) is getting set to begin producing – and selling – oil, or black gold, before the end of calendar year 2024. More than o...

In this interview, HotCopper reporter Sean Boss talks to RIU Essential Energy organiser Jaxon Crabb from Vertical Events about the 2024 iteration of the conference formerly known as Good Oil. The Chinese economy has dampened commodity s...

  ASX falls on Wednesday with banks dragging down market Lithium stocks surge on CATL suspension reports; MinRes hits new high Energy stocks struggle as Brent drops below US$70   The ASX was on the back foot on Wednesday, down by 0.3%  w...

Investors have flooded into the stock of Melbana Energy (ASX: MAY) after news that its Cuban oil development plans are set to go ahead. Melbana’s share price jumped more than 60% at one point after the company announced it is set to become...

The ASX200 has been down 0.3% at 7,988 points in early afternoon trade. Gold prices have climbed back to record levels during the US Trump-Harris Presidential debate on Wednesday morning, just under $2,520 per ounce American. Futures...

Australian shares are experiencing a downward trend near midday, primarily due to declines in banking stocks that are overshadowing gains in mining and lithium sectors. The S&P/ASX 200 Index (ASX: XJO) is down 0.3% to 7982 points, refle...

Australian shares have shown a slight decline at the start of trading today, as losses in the banking sector outweigh gains in mining stocks.  The S&P/ASX 200 Index (ASX: XJO) is flat at 8010 points. This comes after a positive perform...

Melbana Energy (ASX:MAY) – long suffering mishap after mishap at its oil acreage in the exotic jurisdiction of Cuba – is soon to become an oil producer, according to its announcement on Wednesday. Shares in Melbana were up +47% to 2.8cps...

Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, which is meant to highlight the best (and sometimes worst) performing ASX stocks in morning trade using live data, to provide a short, sharp update to help frame the...

Offshore permits are being finalised for Esso and Beach in the east coast Chevron, INPEX, Melbana Energy and Woodside to be handed permits offshore WA Permits could help secure Australian gas supplies into the future In a clear sign of th...

ASX 200 punches it, record highs back in view  11 of 11 sectors higher, like a well-oiled machine  Great day for small caps, goldies and Augustus Minerals Local markets surged this morning after yet another record-breaking night for Wa...

Good morning, and welcome to Stockhead’s Top 10 at shortly-before-11-ish, which is meant to highlight the best (and sometimes worst) performing ASX stocks in morning trade using live data, to provide a short, sharp update to help frame the...

The ASX took a slow dive to a 50-point slump before a weak post-lunch rally Big gains for some big coal players were basically the only thing keeping us afloat A handful of Small Caps did pretty well, but it’s not been great day overall  ...

ASX200 falls fast for a second session after inflation steals the air in the room 7 of 11 ASX sectors lower, with InfoTech the only standout in the plus column Small caps led by Iris Metals and Bellavista Resources   Local markets have...

The All Ordinaries Index (ASX: XAO) is down 0.9% in early afternoon trade today, and it's certainly not getting any help from ASX All Ords energy stock Melbana Energy Ltd (ASX: MAY). Shares in the oil and gas company closed yesterday tra...