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 start - as I would always do when I err - with an apology and correction on Scholium as per yesterday's Bearcast. I then go onto high handed CEOs who say they do not care about Private Investors and get a big come uppance. Step forward the little shit who runs Northern Petroleum, Keith Bush. I comment on Inspirit and Ambrian and going back to oil I disagree strngly with Ben Turney (HERE), Gulf Keystone remains a stonking sell. I also touch on Igas, Afren and Hurricane. En passant I touch on the china frauds like China Chaitek and Camkids.
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Comments
Jason
Good rant. Rewarding success = fine, taking huge rewards for failure = lynch mobs stir. You can understand why movements like ‘occupy’ are gaining support and why voters are turning against establishment parties. Recent documentary on TV quoted one US billionaire (this chap I believe http://www.politico.com/magazine/story/2014/06/the-pitchforks-are-coming-for-us-plutocrats-108014.html) worried that unless inequality is dealt with he could see the many sharpening their pitchforks, I tend to agree eventually matters will come to a head and it won’t be pleasant.
paul
Tom
Good bearcast, Northern P, lost a load of those assholes, but so glad I sold out at 15p a couple of months back. I think this is going to 1p.
On your bearcast you said you haven’t tipped any oil stock, that would exclude Madagascar oil on hotstock rockets a little while back then?