If you want me to analyse a stock for you just drop me a line at firstname.lastname@example.org - Today I look at shares in Condor Gold (CNR), Minco (MIO) and Northcote Energy (NCT)
If you want me to analyse a stock for you just drop me a line at email@example.com - Today I look at Air Partner (AIR), Kennedy Ventures (KENV), Northcote Energy (NCT)
The market did not react terribly generously to the operations update published last week by AIM listed Northcote Energy (NCT) marking the shares down by 7.5% to 0.72p. House broker Beaufort reckons that was not right and says the shares are a speculative buy. It writes:
Northcote Energy (NCT) looks undervalued when compared to its peers with similar operations in the US. It has been rapidly expanding its onshore oil and gas operations, announcing further acquisitions even since the last set of interims up to June 2013 showed a 500% increase in its acreage.
There are some who criticise the fine art of technical analysis. One of the issues that the non believers have is that TA tends to be a lagging exercise, with the risk of following the trend and getting stuck having bought in at the top, or gone short at the bottom.
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