Aug 31 2012 @ 05:00
Exillon Energy plc (
LSE:EXI) blames non-cash foreign exchange gains and write-offs from its assets that resulted in a negative bottom line for the first six months ending on 30th June 2012. The Russian-focussed independent oil producer said it was not able to earn foreign exchange gains as it did in 2011 and had to deduct […]
Aug 30 2012 @ 11:09
I noted here the other day that I had grave reservations about whether the Darwin condensate discovery made by AIM listed Falklands oil explorer Borders & Southern (
LSE:BOR) was indeed quite the company maker that some folks thought it was. The shares were, at that stage 32.5p. Today they are 24.25p. Apparently there is bad […]
Aug 30 2012 @ 03:00
San Leon Energy stock (
LSE:SLE) has experienced a pullback in the context of an ongoing uptrend. In long-term bear markets, there is always a bull market (or bull markets) somewhere, and San Leon Energy is no exception. The current pullback may proffer bulls with a ‘buy’ signal, as the analysis below shows. When this occurs, […]
Aug 29 2012 @ 07:09
The price on Border & Southern Petroleum (
LSE:BOR) is offering a peerless opportunity for traders and investors to go long – doing so at a very cheap price. What is happening on the market generally presages a bullish bias, as it would be explained below. In the near term, it appears that the price is […]
Aug 27 2012 @ 20:14
Sincere apologies but thanks to a well known website beginning with A, I have been using the wrong issued share capital in calculating a valuation for AIM listed oil penny share Range Resources (
LSE:RRL). There are not 1.129 billion shares in issue but 2.357 billion. Oh dear. This does nothing to alter the sell case […]
Aug 27 2012 @ 11:00
Having enraged half the lunatics who fall in love with small oil shares and post demonically on Bulletin Boards with my bearish remarks about AIM listed oil exploration stocks Range Resources (
LSE:RRL) and Red Emperor (LSE:RML) – and having been vindicated already – it is time to piss off the other half with a few […]
Aug 27 2012 @ 03:51
The second Puntland well is a duster. No oil. Game over. Consequently you should not wait for the next promote – as soon as you can sell shares in AIM listed oil stocks Red Emperor (RMP), Range Resources (RRL) and TSXV listed Horn Petroleum. I warned you to sell Range on Friday. Predictably I got […]
Aug 25 2012 @ 12:26
Following on from my comments about Range Resources (
LSE:RRL) on Friday I have become far more convinced that the shares are, at 4.86p, a sell. You can read the original analysis HERE. There are two reasons for my strengthening view that this is not a stock to own in fact I would wait until the […]
Aug 24 2012 @ 07:43
AIM listed oil producer and explorer Range Resources (
LSE:RRL) is a stock beloved of penny share bulletin board punters. That, I suppose, should be a good reason not to buy. I must admit that in my heart I would rate this as a slam dunk sell but there is just a chance that the shares […]
Aug 24 2012 @ 05:15
“No hydrocarbons flowed to surface,” was what Faroe Petroleum plc (LSE:FMP) said today, after performing a formation drill stem test (DST) in one of the targets reached by its Cooper well in the Norwegian Sea. Shares lost 8.9%, equivalent to 14.25 pence, to £1.45 an hour after the announcement was released – a reversal of […]
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