Saturday 27 May 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


Sell Petro Matad Before the Death Spiral Picks up Speed

By Lucian Miers | Sunday 14 May 2017


Disclosure: The author has a short position in one or more of the shares mentioned. 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.


It is extremely rare for companies to resort to death spiral financing without serious damage to their share price (Gulf Keystone pulled it off a few years ago, but it really doesn’t happen often). Mongolian oil explorer Petro Matad (MATD) is unlikely to be an exception to this rule.

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