136 days ago
178 days ago
Gareth Soloway, Chief Market Strategist of Verfied Investing has a stark warning of bad things happening in China which will hit us all.
179 days ago
Investor Gary Savage of Smart Money is the sort of commodities bull who makes our own Nigel Somerville seem almost sane. Almost!
214 days ago
Analyst Luke Gromen of Forest for the Trees says that the interest on US Government debt will exceed a trillion this year. He explains that the U.S. government will need to borrow more money to cover the interest expense, indicating a debt crisis. According to Luke, the USA is essentially insolvent and running out of time.
269 days ago
Analyst Vince Lanci serves up music for the ears of folks such as Nigel Somerville as gold breaks through $2,000 an oz.
291 days ago
Many folks have not liked what I have written about the Russia Ukraine war but it looks very much as if my prediction on its outcome is coming true and I assess what that means for shares and oil. Then to the Hamas Israel war and I make a couple of calls on how that will go and what that means for gold, oil and Israeli shares. Then onto Malcolm on ethical investing and why he is wrong to ignore bottom up analysis as he hops on another bandwagon.
362 days ago
Pete Brailey shared three big shorts at ShareStock. All three should be familiar to you and all three begin with P and claim to be oil companies.
677 days ago
I start with a health update, finally some joy from the NHS and, even before that, I am starting to feel better. Then it is onto Pantheon Resources (PANR), Inspirit (INSP), and Atlantic Lithium (ALL) and share options, incentivising the dead. Then macro calls on interest rates, inflation, the real economy, shares, bitcoin, gold and oil. Details of ShareStock 2023 on September 23 are HERE
684 days ago
I start with a rant. Then I go onto look at Canadian Overseas Petroleum (COPL), why I am less bullish on oil than Gary Newman, Argo Blockchain (ARB), AAA (AAA), Asimilar (ASLR) and Audioboom (BOOM)
990 days ago
I am shortly off to Tesco then will be in action as the family cook. Ahead of that I look at Deepverge (DVRG) run by the arse Gerry Brandon, wondering which will come first, the next trading warning or the next bailout placing, at Mirriad (MIRI) where I disagree with comrade Stacey, Amigo (AMGO), Chill Brands (CHLL), Jubilee Metals (JLP), Supply@ME Capital (SYME), Cellular Goods (CBX), oil, gold and Ukraine and finally at Argo Blockchain’s (ARB) latest news.
1003 days ago
I start with a few thoughts on flooded fields then on where next for Julie “Lingerie on Expenses” Meyer after yesterday’s six months in jail (suspended pro tem) bombshell.I fear that things are very soon going to ge much worse for her. Then onto Ukraine and panic, oil and gold. Then onto Hargreaves Lansdowne (HL) and finally as to why I am so proud of the Mrs which is,in a way, linked to Hargreaves.
1006 days ago
Are shares in Hurricane Energy (HUR) overvalued at 7p,amarket cap of £141 million. On fundamentals, you bet. But…is it a stock to short. I asked the question to the Professional Northerner Bear, Waseem Shakoor whose expertise includes the study of small oil plays. Waseem says:
1034 days ago
I cannot help but think that unfolding events in the Ukraine are going to be positive for both gold and oil in the coming weeks. But that is not the thesis of analyst Steve St. Angelo of the SRSrocco Report. Steve seeks to show how energy can impact the price of gold and why it essentially sets a floor for the metal. He argues that the foundation of our global economy is the cost to produce goods and there has to be a profit margin: Everything has a margin but unfortunately, investors often forget this factor when evaluating charts.
1055 days ago
Yes Piers Linney is back. I fill in a few gaps for Mail readers including red flags from the latest venture of disgraced Piers, Moblox Limited. Then it is onto macro predictions on oil, gold, interest rates,inflation, house prices, tax, equity markets and bitcoin. Happy New Year.
1132 days ago
I start with a couple of talks from the Welsh Hovel and what they say about inflation and that almost drove me into buying two stocks for my SIPP. I considered another two but then went for a fifth, an oil and gas play. I explain my thinking behind all. Then I discuss Peter Brailey’s piece on ITM Power (ITM)
1132 days ago
Writer Kevin Muir of “The Macro Tourist” has a couple of pretty extreme big calls.
1137 days ago
To say that I am cross by today’s turn of events would be an understatement. Hence this podcast is short and late and somewhat bad tempered. It covers Asos (ASC), Anglo African (AAAP), Tirupati Graphite (TGR), and Orcadian (ORCA) with another comment on the oil price and oil shares.
1140 days ago
In today’s Bearcast, I look at oil shares including the one I own and one I may well buy next week, at Brighton Pier (PIER) and at Anglesey Mining (AYM)
1160 days ago
Jadestone Energy (JSE) has announced its results for the first half of 2021, reaffirming full-year production guidance of 11,500-13,500 barrels of oil equivalent per day and anticipating 20,000 boe/d towards the end of the year. We are well up on this 69p offer price share tip but where do we go from here?
1259 days ago
Okay it is not anything too extravagant but some jolly decent radishes from Joshua’s part of the garden and some lettuce from my part produce our first 100% homegrown dish. The oil came from the Greek Hovel so the only cheat is a touch of bought vinegar but this is almost self-sufficiency.
1307 days ago
And now from Wales, by just 30 yards, it is my new weekly video show. This costs 99p per episode, and you can either listen to, or watch, some sparky interviews with Optibiotix (OPTI) boss Steve O’Hara and oil guru Peter Brailey. There is also me. I am a big investor in Optibiotix but explain why I am angry but not selling and challenge Peter on how to play oil plus he and I discuss the most overvalued stock on the Standard List, a total joke capitalised at almost £100 million, worth c£1 million.You can access the show HERE
1356 days ago
In today’s bearcast I look at Zoetic (ZOE) and why its monster lie from April Fool’s day 2019 does matter, even as Seth Freedman, at the behest of a Zoetic shareholder, harasses another one of our writers at 11 PM. I also look at Peter Brailey’s call on oil, why I agree and how to play it.
1626 days ago
And now from Wales, by just 30 yards, it is my new, I hope, weekly show. This costs 99p per episode to access and you can either listen or watch very sparky interviews with our in house oil guru Peter Brailey not holding back with a new explicit warning on gas, Stuart Ashman of Skinbiotherapeutics (SBTX) who was so impressive I have just bought more shares and myself on how gravity cannot be defied forever with reference to zeros in waiting, Amigo (AMGO) and Intu (INTU). You can access the show HERE
1711 days ago
I start with my family and Coronavirus as I discuss in full HERE. then should we taxpayers bail out all businesses? Even frauds? Or the Mob? I explain why folks like our in house Euro loon J Price are so badly wrong. I then look at Laura Ashley (ALY), Itaconix (ITX) and then the oil stocks. Could oil really hit $3 a barrel? Or $10? I look at Echo Energy (TOAST), Nostra Terra (TOAST), Premier Oil (PMO), Tullow Oil (TLW), BP (BP.) and Shell (RDSB)
1711 days ago
Newsletter editor David Skarica talks a lot of sense in the latest podcast from Palisade Capital. He starts by comparing Covid 19 to the Spanish flu pandemic of 1918 and discusses why it was under-reported.
1719 days ago
In today’s podcast brought to you from Shipston I look at the oil price and what it means for a range of oil shares from the majors down to shitty little oil explorers on AIM. I then return to the coronavirus ex oil and with especial reference to Telit (TCM), Cineworld (CINE) and The Restaurant Group (RTN).. Finally I look at the proposed comeback of disgraced Neil Woodford.
1735 days ago
I start with the great global warming nutter who is here today. I then deal with another of that ilk, Malcolm Stacey, and his worries about owning oil shares. I coment on how central bankers might respond to Coronavirus but ask if it will work. I look at Angling Direct (ANG) and Sirius Minerals (SXX).
1783 days ago
I jest. The death of Qassem Soleimani sees one more evil bastard heading to hell. While those with #TrumpDerangementSyndrome will shed tears for this Jew hating, terror loving mass murderer, I do not but discuss the impact of this latest Trump triumph on the region, on the oil price and on oil stocks. I look at Anglo African Oil & Gas (AAOG) and at Zenith Energy (ZEN) whrre I am contacted by material shareholders who want regime change something that makes Anglo’s desire to own Zenith shares even more bonkers. Finally I suggest that unless Bidstack (BIDS) clarifies three matters urgently its shares will continue to collapse.
2152 days ago
Taxpayer funded, BBC Radio 4 has just run a long report on the problems Nigeria faces. It started with David Cameron slamming the country as being corrupt back in 2016. This, the BBC argued, was unhelpful. It was a bad thing to say. I am not normally one to defend Call Me Dave, but on this occasion.
2285 days ago
A man who slammed Elon Musk of Tesla for making irresponsible statements that he could not validate via twitter has just made the most ramptastic claim in history about the Gatwick Gusher. Step forward David Lenigas. Without extensive drilling which has yet to take place Big Dave Lenigas cannot justify this statement in any way shape or form. But apparently the Russians are quaking that little old UK Oil & Gas (UKOG) is going to transform the metrics of global oil supply... whatever...
2388 days ago
This panel discussion was chaired by our very own Gary Newman and featured Jonathan Tidswell of Angus Energy (ANGS), David Bramhill of Union Jack Oil (UJO) and Richard Hale, assistant to "The Knife" in the City's No 1 oil team round at SP Angel
2461 days ago
Uber ramp meet the City's No 1 oil analyst, Zac "The Knife" Phillips of SP Angel. Today's protestations from Frontera (FRR) do not impress the knife who opines:
2509 days ago
Andrew Monk of VSA is (belatedly) starting his 2018 this week with a seroes of sector reviews. In this one he looks at where oil is heading, at the majors and then concludes with the five oil juniors to buy. Over to the Monkey...
2676 days ago
Andrew Monk of VSA Resources has a geography lessn for those following oil explorers. Believe it or not the hot spot is not somewhere close to Gatwick Airport but somewhere a bit more exotic.
2707 days ago
Okay this really is the last one until September. But I have packed and am ready to travel and am bored, so here goes one more time. First up I discuss those who always blame others for their lack of profits, citing some twitter chum of the great Paul Scott. Then as Brent plunges through $45 I discuss why it is falling, where it will go next and if you should sell all your shares. The answer is a very selective no.
2881 days ago
Once again I am sitting here in Shipston with a live audience of one, my father. So we have his take on George Michael - mine is HERE. My views on Syria are referred to in the podcast and the article I mention is HERE. Then I go onto my 8 macro calls for 2017 covering Europe and the Euro, interest rates, corporate earnings visibility, fraud & bankruptcies, house prices, shares, gold and oil.
2914 days ago
Loons, like our very own LGO Energy (LGO) owning fanatic Wildes, will have yesterday celebrated news that 11,200 barrels of Spanish oil which had accumulated over the summer had finally been sold. But shares in LGO still fell to just 0.11p. Here's why.
3055 days ago
Once again the angry young man of the world orf oil analysis, Mr Zac Phillips has plunged his pen straight into the back of the management of a listed company. This time it is Aminex (AEX) which gets it with both barrels from Zac. He writes:
3072 days ago
Serial publisher of lies, US Oil & Gas (USOP) now has cash to spend having found some of the stupidest people on this planet to pony up cash in its 27p placing. Hence now it has to update us all on its quest for oil where there is none. I apologise on missing this gem from comedy central on 17 June but better late than never.
3093 days ago
In today's podcast I start with a few words on Greece as I head up to the Greek Hovel and the snakes. Then I move through TrakM8 (TRAK), Avanti Communications (AVN) and onto Boxhill (BOX). Lord Razzall: we will give you the day off to compose a resignation (in disgrace) letter, there are two more bombshells for you but they can wait until the weekend. I look at Bushveld (BMN), Jupiter Energy (JPRL) - and what its crisis says about oil companies in general - and finally I spend a good time taking apart Mayair Group (MAYA)
3169 days ago
The poisonous midget who leads the SNP, Nicola Sturgeon told her party faithful the other day that she was going to organise another referendum on independence come what may. It is no surprise that the midget is so keen on the EU given how she buys into its idea of democracy: the people can vote however they wish in referenda and they will keep voting until they vote the "right" way.
Of course independence would be economic suicide for Scotland. At $100 oil it was spending more than it would have received in tax. 89% of Scots are net takers from the State and the nation is almost united in its belief in money tree economics.
Despite all this spending Scotland gets poorer as the public sector squeezes out the wealth creating sector, and sicker - life expectancy in Glaswegian men is now - at 57 - lower than anywhere else in the EU, indeed in the Eurovision zone which includes Ukraine with its civil war and its Chernobyl legacy.
As an independent nation, Scotland would be the Greece of the North at $100 oil. At $40 oil it would be the Upper Volta of the North which perhaps explains
3217 days ago
My earlier podcast on oil was I thought very balanced but one shareholder in Gulf Keystone (GKP) disagrees as you can see in the comments section beneath that excellent Bearcast HERE. My fried you are in denial just like Comrade wildes on LGO Energy (TOAST) and those who still believe in Avanti Communications (AVN). I refer to all three stocks but Gulf in particular as I examine the various facets of this common investor trait of denial.
3221 days ago
As the summer wears on folks like little Keith Bush at Northern Petroleum (NOP), Andy Carroll of POS Mosman Oil & Gas (MSMN), halpess Neil Ritson of LGO Energy (TOAST) and Andrew "Piggy" Austin will be looking for new jobs as their company's go tits up. The graphic below suggests that next time they might want to try serving up something customers want to pay for?
3233 days ago
The weekend news from the oil sector is grim. I am not sure that folks out there in, what Malcolm Stacey might term, punterland realise just how grim it is. There is a massive PR and IR industry supporting the proposition that things can only get better. Au contraire, for the next few months at least, they are going to get a lot worse. And in that spirit I offer up a list of eleven oil E&Ps to sell now, to get out what and while you can, as they could well hit zero.
3241 days ago
Each year my friend Richard Poulden produces a very thought provoking New Year Newsletter and the 2016 edition is a stormer. It is also the most pessimistic I have seen yet. Pour yourself a stiff glass of whiskey and brace yourself.
3245 days ago
Quelle surprise, the open offer of shares at 4p from Gulfsands Petroleum (GPX) is going to bomb. As someone who called the shares out as a sell at 111.75p to much derision from the Bulletin Board Morons who - of course knew far more about oil and shares than did a dumb alcoholic pizza boy - it is somewhat gratifying to see the shares now trading at 3.5p to 3.75p.
3266 days ago
The supporters of the trainwreck IPO that is Lenigas Cuba (CUBA) argue that by clever acqusitions Jabba The Hutt will increase the NAV. Net assets currently stand at c 0.65p per share IF one assumes that £1 spent on acqusitions is worth £1. I would argue that it is not and shall demonstrate why below.
We can ignore the relatively small sums spent on buying dormant or near dormant companies from related parties such as Green Hair Services - that will not destroy much NAV, certainly not as much as the obscene drawings of directors and PLC costs. The biggest acqusition to date is in oil ( well hoped for oil) and that is where it is time to see if Leni-Maths is at play.
Lenigas Cuba makes the following comments
3274 days ago
Old Getafix is a good man and we agree on many things. But his article today HERE on oil and on how shares are cheap is just 100% wrong and I have to take the Money Tree worshipper to task on this.
3320 days ago
Almost a year since the first drilling “discovery” at Horse Hill and the companies involved, led by David Lenigas ramp UK Oil & Gas (UKOG) still decline to drill again, instead pumping out more and more meaningless reports on the prospect. Today there is another but almost no-one believes the Lenigas blather any more.
3383 days ago
As I sat three miles from Horse Hill on Monday night I tried to distract myself from the thought of rolling green fields never to be tainted by industrial development, to the matter of oil. And to Sefton Resources (SER). Not that it is rolling in the stuff. Its main problem is lack of money – I sense that a rescue bailout is underway (see HERE). But it has a secondary problem, its much vaunted Indonesia deal must be in trouble.
3385 days ago
As I sit in a hotel at Gatwick Airport killing time ahead of a flight to Athens, I ponder a walk down to Horse Hill. But enough of never to be spoiled green fields, let’s talk about oil. Sefton Resources (SER) shares tanked again today and are now just 0.04p to sell – the market cap is sub £1.4 million. So when’s the rescue bailout? Is it underway already?
3386 days ago
A friend from God’s Chosen Country asks whether I should be slamming Fastnet (FAST) for getting out of the oil business. Au contraire. Yes there must be red faces at this AIM listed Irish oil explorer but I think it is doing the right thing and that more should follow. I applaud Cathal Friel for taking the flak for doing the right thing.
3492 days ago
The next presentation from UK Investor Show 2015 is by Kevin Foo of Victoria Oil & Gas (VOG) who also appeared on the main stage oil panel.
3501 days ago
The oil experts main stage session at the UK Investor Show was hosted by scruffbum Ben Turney and featured Cathal Friel, Matt Lofgran, Kevin Foo and myself with a cameo appearance by Derek Musgrove when it came to Horse Hill. But the discussion was wide ranging. Oil prices to Africa to shares as you can see in the video below
3562 days ago
Ben Turney and I published this book last year and it is not a bad read for anyone considering investing in resource stocks. If you would like a free copy just fill in the form HERE. As a taster:
Rule 40: Charts can lie, especially among juniors
3597 days ago
We start today with another excerpt from The 49 Golden Rules of Making Money from Oil, Gas & Mining sharesby myself, Tom Winnifrith, and the young apprentice Ben Turney. Rules 27 and 28 cover Bulletin Board and paid for research. Actually these rules apply to making money from all shares. To download a free copy of the whole book fill in the form here
3730 days ago
Myself & Ben Turney recently published a new e-book, The 49 Golden Rules of Making Money from Oil, Gas and Mining Shares. You can get a free copy sent to you by filling in the form HERE. But as a taster here are rules two and seven.
3758 days ago
President Obama has now ordered his warplanes to bomb some ISIS Islamofascist loons off to a place where they get to meet 72 virgins. He is now off on a 2 week golfing holiday. If you think that this will save the Kurd oil plays in London - Genel (GENL) and Gulf Keystone (GKP) here is why you are wrong.
You need to think back to the last but one totally useless disaster of a Democrat to sit in the white house, the lamentable Jimmy Carter. He and his party were haunted by one event for many years – the capture of US hostages in Tehran. Carter tried a military option to get them out and it failed. The hostages only came back home when Jimmy had been replaced by the greatest President the US has ever known, Ronald Reagan.
It is not hostages that Obama fears. For ISIS makes the mad mullahs of Iran seem like cappuccino sipping, Guardian reading liberal pussies. What Obama dreads
3758 days ago
Do you understand what oil junior TXO (TXO) does? It seems a tad complicated and its CEO Tim Baldwin seems to attract "mixed" Bulletin Board Comment. In this video from UK Investor show Mr Baldwin puts the case for buying shares in TXO.
3765 days ago
The 49’ers series continues with my newest book – the 49 Golden Rules of Making Money from oil, gas and mining stocks. You can buy it on Amazon for £6.25. Or we have 500 free copies to give away and you can download yours HERE
This time I have a co-writer in Ben Turney. Before anyone says it I have made mistakes investing in resource – notably mining – stocks. I hope that I have learned from them. And some of those lessons should come through in this short book.
This book is not aimed at experts but at private investors who want to dabble in the fascinating world of resource shares - gold, base metals, oil and gas. I hope there is something for everyone. Accendo has sponsored this project and thanks to it there are 500 free copies ready to download - just fill in the form HERE.
Happy reading.
3765 days ago
Ben Turney and I recently published our latest book “The 49 Golden Rules of Making Money from Oil, Gas & Mining Shares”. The book is on sale on Amazon or you can get a free copy HERE. As a flavour of what the book contains I bring you rule 37 (CPRs) and 35 (cash). Read on...
Rule 37: Too much faith is put into the Competent Persons Reports (CPRs) of junior oil & gas and mining companies.
3774 days ago
The 49’ers series continues with my newest book – the 49 Golden Rules of Making Money from oil, gas and mining stocks. It is published TODAY and you can buy it on Amazon for £6.25. Or we have 500 free copies to give away and you can download yours HERE.
This time I have a co-writer in Ben Turney. Before anyone says it I have made mistakes investing in resource – notably mining – stocks. I hope that I have learned from them. And some of those lessons should come through in this short book.
This book is not aimed at experts but at private investors who want to dabble in the fascinating world of resource shares - gold, base metals, oil and gas. I hope there is something for everyone. Accendo has sponsored this project and thanks to it there are 500 free copies ready to download - just fill in the form below.
Happy reading.
3827 days ago
At No-one is watching O’Clock (5 PM on the Friday before a Bank Holiday weekend) GXG listed US Oil & Gas (USOP) served up its interims and an operational update. Once again CEO little Brian McDonnell shows that he is a true comic genius. I take my hat off to Brian, he never fails to have me in stiches.
Let’s start with the numbers. Admin costs have been scaled back and wee Brian boasts at the top about how the cash position at March 31 was $925,244 (excluding a VAT rebate due of $29,490). You rather guess that the wee man hopes that no-one checked out the balance sheet. As that shows trade and other payables of $314,878. Even in USOP la la land you have to pay the bills at some stage – free cash was in fact just over $600,000.
Brian says:
The Company has adequate finance to fund current operations (see below). Further funds will be required for drilling and development of the Hot Creek Valley field.
In other words the company cannot afford to drill a well.
4227 days ago
For once I spent my Greek holiday not on the mainland but on an Island. It is not something I plan to make a habit of for reasons that I shall admit to – I guess that I am just an unreconstructed snob. It all started at Gatwick airport last weekend as I waited with my partner in the departure lounge for a flight to Zakynthos. As I surveyed my fellow passengers I noticed a large number who were young, had large numbers of tattoos and various bits of their body pierced, seemed to use the F word in every other sentence and who were loudly discussing how they were going for “the season.” My heart sank.
By the time the flight was passing over Dover my fellow passengers were already drinking. My heart sank some more.
And so to Zakynthos.
4243 days ago
Vialogy (VIY) the aim listed management lifestyle, ooops I meant to say oilfield services group is at it again with another promote the shares announcement. As ever it blathers on about doing work for a big name company (it is Chevron again) but what is this worth? Er……the silence is deafening.
The announcement is classic Vialogy waffle
4270 days ago
As you are aware AIM listed joke oil company Sefton Resources (LSE:SER) is suing myself and my pal Dan Levi (Brokerman Dan) for libel. We cannot wait for our days in court as this is getting more amusing by the day.
A day or so I asked Sefton the simple question – how many flights to and from Hawaii (where Jim Ellerton lives in a luxury mansion) have been paid for by Sefton? The answer could be nil and if so I would have hoped for a speedy reply. I have had no such reply. Perhaps shareholders might have more luck putting that question to the company directly- I suggest calling its PR man Alex Walters on his mobile 07771 713608 - good luck.
But I now have a few more questions and this time I move from Hawaii where Jim spends his millions to Kansas and Leavenworth County where in 2009/10 Sefton ponied up a total of $215,000 to buy some gas pipelines.
4279 days ago
I spent all of yesterday talking to the two lawyers who are assisting me with my defence against the spurious claims made by AIM Listed oil penny dreadful Sefton Resources (LSE:SER) that I have committed libel. Well here is another article for Sefton’s uber expensive City lawyers Pinsent Masons to read for I make fresh allegations today.
I have also today lodged my intention to fight this case with the High Court. And I am keen that battle commences as soon as possible, before Sefton runs out of cash. I do not wish to be denied the chance to see inter alia Jim Ellerton, Doctor Green and the senior partner at Pinsent Masons (company secretary to Sefton) having to give evidence on oath.
In compiling my detailed response I had a great moment. My July 11th moment.
4296 days ago
Ok, cut out the emails and stop pestering me. This report went out on onefreesharetip.com on Friday and it seems that stacks of punters could not be bothered to register (it costs nothing) and have now decided to plague me to send it to them. Okay, just to give my email in-box a break, here you all are. But this is the last time I shall be republishing a onefreesharetip.com tip or special report. If you want to make sure you get the next special report 8 explosive small cap stocks to buy now by ex t1ps senior writer Steve Moore – due out next Thursday) plus a free share tip every working day just go and sign up. It is free and you can do it HERE
Now, as I head off to watch recordings of the last two episides of Dallas ( I just cannot escape oil) here is that report from Sam:
Everyone should have some oil exposure in their portfolio. Long run supply demand patterns are impossible to predict but in the short to medium term there is always the risk of a Black Swan event that disrupts supply and sends the price of oil spiking sharply higher. I suppose that the odds on favourite for a 2013 Black Swan (if that is not a contradiction in terms) is Israel attacking Iran. The second obvious Black Swan event would be civil unrest in a major oil producing state. Might Saudi Arabia, for instance, have its own “Arab Spring?”
If oil spikes higher oil stocks, especially those with production, will – thanks to operational gearing see windfall net income gains and their shares will move sharply higher. But non oil stocks, facing sharply increased fuel bills and so reduced margins will head the other way. And it is for this reason that everyone should have some oil exposure within a balanced portfolio as a hedge.
4337 days ago
Robert Sutherland Smith started his City career the year before I was born. He is, I think, 157 years old. He and I have worked together for almost eight years. at t1ps He is my friend and he is a very funny and intelligent chap. He is now branching out to celebrate his 158th by doing some freelance writing over at TradingResearchPoint on FTSE 350 Income stocks. He is a great one for focussing on yield. He is also going to do a monthly column for me on this blog on the subject that really interests him, life on Hampstead Heath. I am sure we all look forward to “Pond Life.” RSS today looks at BP. I cannot say that I disagree with his analysis.
One should always have some oil exposure in your portfolio. Those of us old enough ( and I certainly qualify on that count) can remember at least three oil shocks when events in the Middle East have sent the crude price soaring. While the rest of one’s portfolio tends to take a bit of a hit on such occasions, your oil stocks prosper. You need that hedge. And, although no expert on regional geo-politics, it strikes me that the Middle East is, as a region, rather more “combustible” today than it has been for many a year. Sooner or later it will go up in flames, the oil price will spike and shares in large scale oil producers will be re-rated rapidly and brutally. Until then the issue is what oil stock to hold and that brings me to BP (BP.). Is the yield on offer sufficient to both offset business risks and also give me a reasonable return until the oil price spikes as it will inevitably do at some stage?
However, I start not in the Orient but in the United States.
4380 days ago
I think both sound and picture quality are okay this week. Recorded on a wet weekend this video postcard is about 12 minutes long.
On the agenda
1. Leyshon Resources (LRL)
2. A big win for the Nifty Fifty which you can subscribe to here
3. Vialogy (VIY ) – new points of concern
4. Hype versus value
5. Wider market trends
6. The Middle East and oil
7. The publication of Letters from the Chestnut Tree Cafe, my new e-book. You can obtain more details and pre-order here.
4502 days ago
I think I am getting the hang of this video technology. I am writing to you from the Connections Bar where there is a high speed wi-fi service and my latest video is whirring its way online. Last time it took 14 hours to get back to the UK. This time it looks set to complete in 150 minutes.
The play list here could have been created by me. Oasis, Nena, Dexy’s, all I need is some Undertones and I shall feel like I am back at Real Man Pizza. Anyhow, I hope that you enjoy the video
On the Agenda
A new share tip on the way on TomWinnifrith.com – maker sure you follow me on twitter (@tomwinnifrith) for the alert. It will go out during market hours.
