By Ben Turney | Monday 20 October 2014
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.
What a fantastic RNS from President Energy (PPC). This morning, the company announced the first conventional oil discovery in the Paraguayan Chaco region, at its Lapacho exploration well. When I last wrote about President, eight weeks ago, I suggested there was “still all to play for”. And so it’s proved to be. Unfortunately, the timing of this news couldn’t be much worse.
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