UK 19:53 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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.
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Comments
Mark
“I’d like to see more aim oilies going bust” that’s a bit harsh Tom, arn’t we all in this to make money? Why wish for investors to lose yet more money, just who’s side is the sheriff on these days, I think you’ve gone very anti investor and need a change of approach to your blog, quite a bad flavour going on here these days.
Tom Winnifrith
Mark Mark
That is not what I said. What I said is that Steve & I are not tipping oil stocks till we see blood on the street. ie everyone scared & selling & for that to happen 1 precondition is a few more aim oilies going bust. So I’d like to see them going bust BEFORE i tip. Not I;d like to see them going bust per se.
Look – I am bearish about equities and still bearish on oils. What do you want me to do? Say “heck I think stocks are overvalued but go buy x, y & z just so that it will make a few folks who own those stocks happy” Sorry, no can do. I tell it as see it
Id rather tell the truth as I see it than win BB adulation. If you want folks who will say buy buy biy so you can follow their lead & lose money try the LSE asylum
T
Stegrego
Tom,
You have reported incorrectly on Scholium. They aren’t a cash shell, they just sold off a very small part of business. They have 2.1 million cash and a net asset value of 77p according to their RNS, which you clearly didn’t read properly.
wildrides
What ………… no swearing ……….. I demand a refund ………… forget that , I just remembered I am not actually paying anything . I still think you can never have enough cunts . The more the better as Derick and Clive live would say .
Just watched the Video of Oakley picketing the cat food bowl . Thats not a cat …….. its a bag of spuds with three legs ………. you cant fool me . Nine kg …….. the fat bastard …….. Dam clever these bags of spuds these days .