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ARTICLE

Echo Energy – a dangerous mix warns City’s No 1 oil analyst

2019-05-02 10:28:40

I am always very wary of companies with large amounts of debt and that has deterred me greatly from backing Echo Energy (ECHO). Its results were out today and the City’s No 1 oil analyst, Zac “the knife” Phillips of SP Angel has issued a stark warning. The great man opines:

ARTICLE

Echo Energy.. shit happens but cash is now the issue

2019-02-12 03:29:57

Too many mug punters who gamble on oil and gas explorers seem to think that with modern technology, blah, blah, blah drilling is a slam dunk certainty or at the very least, highly likely to succeed. They blather on about 70 or 80% COS statistics without a clue. If you look at AIM RNS’s the reality is that, across the board,  the vast majority of wells drilled are not commercial. And that brings us to today’s disaster from Echo Energy (ECHO).

ARTICLE

Echo Energy accelerates its operations in Argentina

2018-05-29 00:47:47

Often when a smaller AIM company operating in the natural resources sector announces a placing it ends up being bad news for those currently invested, but there are also cases where the money is being sought in order to accelerate operations. Of course, the company still ultimately needs to deliver and for the work that the money is being raised for to be successful, but I would certainly rather see this than a company that is sitting around doing nothing and burning through cash whilst its directors pocket a nice salary.

NEWSFLOW ARTICLE

Echo Energy shares suspended after no insider dealing on AIM, honest guv!

2017-10-30 05:51:05

Shares in uber-ramped Echo Energy (ECHO) were suspended today after a sharp share price move on Friday forced an admission from the company. Hmmmm, heavy share dealing just before a big announcement. But this is AIM, the world's most successful growth market so that is just a total coincidence just like it always is on the casino. Move along gents..nothing to see.

NEWSFLOW ARTICLE

Echo Energy: How insiders made over £3 million in less than a month – shocking non-disclosure

2017-08-11 00:20:00

My last piece on Echo Energy (ECHO) looked at how connected party Greenberry was making a fortune out of the ramp and also looked at rather odd TR-1s. Well history is repeating itself and, as always expected, yesterday’s TR-1 shows how the other connected “institutional investor” here, Pegasus, has also made a very quick buck - not that it told anyone when it was doing so!

ARTICLE

Echo Energy - gets into bed with twice convicted market abuser as its new broker

2017-08-07 01:18:00

Having rather publicly fired its old retained broker Brandon Hill Research on 31 July for being sensible, Echo Energy (ECHO) has today announced it has a new broker Hannam & partners. Who? I must admit that I have never heard of this firm and an RNS search shows it acting for just one other London listed company as its retained broker. But maybe it has a big research capacity to ramp the shares? er...

ARTICLE

Cenkos on Echo Energy - the most damning & funny broker comment in history?

2017-08-04 01:13:24

This will make you laugh. I take my hat off to Cenkos Securities oil analyst Ashley Kelty for this Nobel Prize winning research. I have not seen such a witty and vicious put down in years. I fear that Zac "the Knife" Phillips at SP Angel will have to up his game to retain his crown as the UK's top oil analyst, Ashley is our hero of the day. The subject is Echo Energy (ECHO). Enjoy.

ARTICLE

Echo Energy fires its broker - for doing the sensible thing & dumping shares

2017-07-31 01:48:40

Echo Energy (ECHO) the overvalued wannabee oil explorer has today announced that it is firing its retained broker Brandon Hill. This is most unusual.

NEWSFLOW ARTICLE

Echo Energy - down after Sound News but further to fall?

2017-07-03 05:22:06

Shares in Echo Energy are off by 5% at 14.5p mid today on the back of the bad news on the drilling front from Sound Energy (SOU). But do they have further to fall? On fundamentals yes they do. 

ARTICLE

Echo Energy: The “Cornerstone Investor” leaving so soon – surely not?

2017-06-24 00:15:55

My second piece on insiders cashing in and odd TR-1’s is, very predictably, looking at Echo Energy and, in particular, the two late RNS’s on Friday afternoon which show that the “Cornerstone Investor”, Greenberry plc, is offloading shares and warrants all over the shop and appears to be almost giving them away too – what a charitable sort! Let’s take a look.

ARTICLE

Echo Energy - death spiral finance in disguise? A good short at 16p

2017-06-09 03:45:00

As a rule of thumb, when a company has a name change and a share consolidation it is not good news for the share price. Short term, the shares of AIM listed oil play Echo Energy (ECHO), formerly known as Independent Resources, have been an exception to that rule.

NEWSFLOW ARTICLE

Echo Energy – And so it starts: the abuse of the Block Admission rule – it must be stopped

2017-06-01 02:09:16

It’s not often that I comment on an RNS entitled Total Voting Rights, but I had been waiting for yesterday’s RNS from Echo Energy (ECHO). In my view, there has been an abuse of AIM rules, or, at the very least, the spirit of the rules, and I believe Echo has just one simple aim, namely to keep the average PI in the dark for as long as possible to enable certain parties to cash in big. Please allow me to explain.

NEWSFLOW ARTICLE

Echo Energy – Insane valuation; James Parsons is not worth £100m, he’s not a magician: SELL

2017-05-24 00:03:20

My last piece rather naively thought that Echo Energy’s (ECHO) new institutional equity investor, Spartan Fund, or Pegasus Fund as it became, would want to put its funds in at a fair valuation and thought the share price would go down. I was wrong and must assume that it is all part of the connected group of institutions and individuals here that have led to an insane valuation that appears to indicate that the mere mention of James Parsons is worth £100 million. That is nonsense and this is a massive sell.

ARTICLE

Echo Energy – Bizarre funding arrangement, share price must drop, mustn’t it?

2017-04-21 02:16:31

I’ve been scratching my head over the funding plans announced by the newly re-named Echo Energy (ECHO) earlier this week as there is an unusual aspect to it and can’t believe that the share price won’t drop in the short term as a result. Let me explain.

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