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 on such a high. But there is no coke involved. Or hookers. Heck I'm not a crony capitalist just a capitalist and I've had a cracking day so far as I explain. Then to Greece and China and why China matters and why the Chinese Canute's won't win. And then onto LGO Energy.
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Comments
wildrides
I believe you are currently right about LGO . After reading the LGO RNS I sold out for the time being . My reading of the RNS was:-
One new hole was producing at 1x Blah but if we removed the choke then that well would probably flow at 2x Blah which is okay but not brill.
The other two new wells will need a pump down the hole to produce any Blah at all which is a bummer .
My name is Ritson and I am not in the game of telling you anything , so you can probably guess that decay of Blah output in the older fields is appalling and last years new holes are already showing steep decline in blah output . I am going to maintain this illusion of 2000 BOPD plus as long as I can , but unless we get some good new wells producing at 4X Blah soon we are rumbled . I am never going to give you accurate monthly output or sales fiqures because you are just a bunch of shit little fecking share holders who think they own the business but really its all mine .MINE , MINE.
So feck you ,you fecking fecks .
Obvious the market broadly agrees with my highly technical analysis . If it goes sub 2p expect freefall and then bargain time .