UK 17:14 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: Financial Investigative Media Limited, which is not owned by Tom Winnifrith but by a trust for his dependants, owns shares in companies mentioned in this article. 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.
LGO Energy (LGO) owning lunatic Wildes responds to yesterday's damning indictment of the David Lenigas created value destroying machine by saying that it was all down to the oil price and BP (BP.) was no better. In this podcasts I give the hard facts that show that Wildes is just wrong and explain why BP is an investment and is good news for all concerned while LGO is just a crap gambling chip which gains no-one other than the man exposed HERE, Jabba The Hutt.
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
wildrides
Complete Whinny Frothing from you as usual . I must first correct you on the header ………I dont currently hold LGO ………. still waiting for a suitable entry moment .
Back to the subject :- LGO has been by far the better investment during the period . Had one bought at 0.60p during the period and sold again at 6p ( a figure you consistently use when stating how far LGO has declined ) You would have multi bagged ……… something many did including my self, although I sold earlier at 4.8 . That is what investing is about ……..making money . BP has never multibagged in the period . Investing is not about holding onto a share until it drops into loss making from a profit position . You know that , I know that and you are just being pedantic. LGO would not be in its current situation had oil price not dropped from $110 all the way to $26 . That is a fall of 76% in the oil sales price . So again ………… I am right and you are wrong . Oil price is what has caused the current difficulties for LGO ……. not past management or current management . This is the same for all small oil companies early in their establishment phase . Your singling out of LGO is just part of your Vendetta against Del Boy Lemongas . If oil price recovers they will recover . If it does not they wont . I am happy to take a punt at my previously mentioned entry point on a recovery taking place . If I lose my stock stake I will still be well in profit overall on my investment in LGO over the period .