Northern Petroleum (#NOP) – completes divestment of 25% of assets in Canada
- 2016-12-20 00:29:47
And there was I thinking that if AIM listed companies had bad news they had to issue an RNS? Well maybe Chris Cleverley has re-drafted the rule book because Northern Petroleum (NOP) seems in no rush to fess up to the impending collapse of its Argentine subsidiary.
Northern Petroleum (NOP) shares have slumped again today by 13% to 2.25p-3p. I fear it is going to get an awful lot worse with 0p a perfectly plausible target price. There are two problems.
Northern Petroleum (NOP) has today announced it has completed its Rainbow deal in Canada and hapless CEO little Keith Bush has insisted that cash is not an issue. The, heavily spun, statement skips critical details and the fact is that Northern will be out of cash a lot sooner than most folks think. This looks terminal.
If you want me to analyse a stock for you just drop me a line at email@example.com - Today I look at shares in Infastrata, (INFA) Northern Petroleum (NOP) UK Oil & Gas (UKOG) and setting share price targets for all three stocks