Northern Petroleum – CEO Catch Up – Shares a strong buy

I met up with Derek Musgrove, CEO of AIM listed oil and gas producer and explorer Northern Petroleum (NOP) last night. He is an opinionated man but we disagree on little and so the conversation was wide ranging. But I guess you do not wish to here a detailed analysis of our predictions for West Ham this season (Musgrove is a lifelong hammer) but about Northern Petroleum. I am afraid that it is pretty much steady as she goes. No fireworks are likely in the short term but the stock is just ludicrously undervalued at 67.5p – giving it a market capitalisation of £64 million.

For starters Northern sits on a cash pile of c£20 million

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