3576 days ago
I am in a good mood. Why am I in a good mood? I do not know.. But I am. And thus I am well set to be beastly to everybody but I think that I have just managed a whole podcast without swearing. Let's put that down as a first but not a precedent. On this edition I discuss oil prices and Max Petroleum, Afren, Igas and Gulf Keystone. What does blood on the streets mean for this sector. I look at Scholium, Oracle Coalfields and also why I am right to be bearish and Comrade Malcolm Stacey is wrong to be bullish about equities.
To get a free copy of the book Tom wrote with Ben Turney "The 49 Golden Rules of making Money from Oil, Gas & Mining shares"sent to you today just fill in the form HERE
4537 days ago
On Friday AIM listed Max Petroleum (MAX) admitted to suffering yet more delays on its flagship well. But worse still it also admitted that it was $54 million in debt and would soon breach its headroom debt facility of $58 million. The company says that in current market conditions ( plus regulatory changes in Kazakhstan – what in Hades that means I know not what) it is finding it impossible to raise equity. And so it must go to its banker (Macquarie) or any other banker. I see that the BB loons are still blathering on about the cash Max generates and its exploration upside. Oh please….
