I have been urged to tip shares in US Oil & Gas all summer. I resisted the urge. Every day an email or a tweet seemed to land one of a dedicated band of believers pointing out how the shares were already a 100 bagger as they headed up to £6.90. The believers reckoned that fair value was anywhere between £15 and £100 per share and that I should get on board as soon as possible. Today they are 89p. They were 35p on Thursday before the CEO embarked on a media blitz to start the ramp all over again. So should I clamber on board now? Er…
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