UK 14:18 Tuesday, 22 September 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.
There are three reasons why IGAS (IGAS) shares are a screaming short at 56p. One is that the shale bubble is set to burst. Greed will turn to revulsion and any company that has used the word shale in release after release to ramp its shares in the good times will now suffer the backlash. The second is Andrew Austin, the CEO. He is still not telling the truth, the whole truth and nothing but the truth on his Equities First Holdings LLC dodgy share trades. That makes the stock uninvestable until he fesses up and quits. It is only a matter of time. The third...
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
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
Yeah but ……………. most OPEC members need an oil price of 90 to 100 dollars to balance their countries budget for 2015 and 2016 . Only three are budgeted lower around the 80 dollar mark . The rest are hurting bad now . The oil price wont stay low for very long . They will call an emergency OPEC meeting in the new year and cap production . Shale gas wont just get hurt at current levels …….. investers dont discriminate between producer types . Look at the SP of that dreadful Mom and Pop business Nostra Terror . Its back on the floor again at 0.24 – 0.25 with conventional drilling and (exaggerated ) lower costs allegedly . Anyway Putin is really suffering with Russia down 140 billion of revenue at current prices of oil ( where as official trade sanctions only achieved 40 billion of pain) That is great and illustrates Karma in action . No wonder he was like a dog with his tail between his legs at the recent conference and went home early and friendless .
Robert
Igas is looking for gas to frack not oil. Domestically produced gas will have a massive cost advantage vs imported lng and there is no reason to suppose it will be uneconomic. Land based fracked gas isn’t expensive as operating rigs at sea or shipping it in. Also there is political will to make it happen for energy security reasons and to lower co2 output.
Agree ceo was illadvised to do what he did. One of those things that seemed like a good idea at the time.
RedBaron
1. There is no shale gas bubble in the UK – Shale gas hasn’t even taken off yet ( but it will) IGas is one of the companies at the forefront of exploration so should do well. It is investing now for the future so there is bound to be an element of cashburn.
2. It appears that any company with a Director who has done a deal with EFH immediately gets blacklisted by TW – This is not a rational reason for shorting a company.
Striebs
Tom ,
The UK Govt spent 2 years trying to strangle shale at birth and almost succeeded .
The population of the UK already owes Cuadrilla and Igas a huge debt of gratitude for torpedoing HM Govt’s energy policy which amounted to betting the farm on renewables . The lights might just stay on .
Isn’t there a small part of you which would like to see some new players emerge rather than the assets being firesold on to a the big boys so that they can park them and maintain the status quo ?
Is it all just about the money ? Please tell me it isn’t .