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.

Tom Winnifrith Bearcast - 12 March

By Tom Winnifrith

12 March 2015 09:43

More:

My podcast today was delayed by a lot of sleep. But I hope that it is worth the wait. I discuss the next Nomad to face scandal, have some very serious questions for Daniel Stewart PLC and look at Gate Ventures, Mosman, Soco and Gulf Keystone in detail.

Already a member? Sign in

Sorry, Bearcasts are available to paid subscribers only.

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 13 year archive

• ShareProphets Daily Newsletter

Cancel any time

This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.

Comments

LG

12 March 2015, 12:34

Great bearcast, cheers Tom. Any chance of you having another sit down interview with Andrew Bell of RRR to discuss the share as perhaps an update since your last aired chat on 3.2.13?
VINES

12 March 2015, 14:15

is it allenby?

jonny b good, allenby bad
57 year old punk

13 March 2015, 02:27

Really enjoyed Bearcast and conversation on train.
57 year old punk

13 March 2015, 02:51

Really enjoyed Bearcast and conversation on train,
alcira16247

17 March 2015, 00:03

Tom

Good to hear your positive observations regarding Soco International.

SOCO disappointed the market and the share price has gotten well hammered. The much smaller dividend than last year and worse, writing down reserve numbers are more than this market can take.

The company remains well financed, the balance sheet has $166m of cash and a low cost base with most producing assets profitable at even $20 a barrel. Its also active on the exploration front, not least in the DRC.

Without doubt one of our better managed oil companies of which the directors have made large share purchases over the last few days, adding to their already significant holdings.