2844 days ago
It is of course Bastille Day and that, of course, prompts a few jokes at the expense of the Froggies. I then move into Gulf Keystone (GKP) and a spot of moron baiting and working out moron investing game theory. I then move to a detailed look at Digital Globe (DGS) before covering en passant XCite (XEL), LGO Energy (LGO), Trinity (TRIN), Circle Oil (COP), Premier Oil (PMO), IGAS (IGAS) and Nostra Terra (NTOG). I also comment on Glenwick (GWIK), 88 Energy (88E), Strat Aero (AERO) and Inspirit Energy (INSP)
2882 days ago
There may not be a bearcast tomorrow. It is all down to the arrival of the Mrs as I explain. Meanwhile I look at Gulf Keystone (GKP) and XCite (XEL). The best time to kick a man is when he is down. So says Evil Knievil. And that applies to these two oilers where events are moving fast and the shares are near enough certs to be toast already. CIC Gold (CICG) is in an even worse state and today's RNS is a shambles. The curse of boy scout mugger Stuart Bromley strikes again. It is doomed. Then I discuss what, if anything, is wrong at TrakM8 (TRAK). Then a question raised by the share price move on Friday at ADVFN (AFN).
2899 days ago
And so today, Circle Oil (COP) has admitted what anyone with half a brain cell could have figured, that it is officially toast. The question is which of the drowning in debt oil mid caps or large E&Ps will be next to fess up? There is an RNS from Gulf Keystone (GKP) today saying its bondhoders have given it another 11 days but could it be overtaken by XCite (XEL), whose shares are sliding as the clock ticks? Other oilcos in breach of loans include Trinity Exploration (TRIN) and LGO Energy (LGO) while the yield on IGAS debt suggests it is in the merde. So who will be next to admit it's toast, to use either the word "administration" or the phrase "little or no value for shareholders". Voting deadline is midnight tonight.
3009 days ago
The weekend press is full of stories of doom and gloom and dividend cuts for BP (BP.) and Shell and clearly there are a stack of smaller companies that are totally screwed and where shareholders are likely to face total wipeout. In that vein I discuss Magnolia (MAGP), Igas (IGAS), Gulf Keystone (GKP), XCite (XEL) and, of course, LGO Energy (TOAST). But is there a case for buying oil shares as a long term invester. I look at a few cases from BP down to Union Jack Oil (UJO). Perhaps there is no rush but the time will come.
3016 days ago
I am sorry for the delayed podcast but I am only just back from time in the Grim Northern welfare safari with the mother in law and thus can now let myself go with a volley of bad language. I end with an explanation of who benefitted from the £150 million + Himex fraud at Quindell (QPP) laid bare earlier HERE and how it also affects Watchstone (WTG). Before that I talk of my annoyance on the silly blogger spats and the explain the difference between a cash shell and an investment company and why I regard our work on exposing the latter as invaluable. In the middle segment I have more bad news for oil companies such as XCite (XEL), IGAS (IGAS), Petroceltic (PCI) & Gulf Keystone (GKP) and for the sector as a whole but also for the markets. Dont blame China, we bears are still in the driving seat.
