UK 08:18 Saturday, 24 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 see that Gary Newman was tipping MX Oil (MXO) here yesterday. I admit that he knows far more about the company than I do. But I just think he is wrong. The problem is not the MX but the oil. This sector should be avoided like the plague.
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Comments
Bobby Chariot
I just closed a nice short in GKP today, perhaps a little early but rather cash in bank (unlike Gulf).
Some chaos on the LSE BB today at the continued fall in SP, some people cannot see the blindingly obvious and therefore end up losing all their money. It’s a shame but what can you do?
The whole sector is there to be shorted into oblivion IMO, Tullow looking good for a visit to double figures for example.
johng
wti is now $40 not $50
wildrides
Errrr ………..West Texas Intermediate is at $41 dollars /barrel not $50 as you state and this is about the bottom . Thus Gary is right to bottom fish but not with MX oil .
I would go with LGO .
Trin have to pay back loans tomorrow ………..LGO owe them 2 mill and are obviously waiting for them to go bust so they dont have to do so and can then mop up producing assets on the cheap . Trin are in the shite. LGO are poised to capitalise . Lgo have seven wells just drilled and first one of those now just completed and flowing today at circa 350 BOPD initial rate