Keyword results: Northern Petroleum

CAB
CAB
PREMIUM CONTENT

Cabot Energy has been thrown a temporary lifeline - but I still wouldn't touch the shares

Cabot Energy (CAB) suddenly seems to have become very popular for such a small AIM oil company, and given the recent news on a forthcoming discounted fundraise, I’m surprised that people are paying a huge premium to that.

Subscribe to ShareProphets to access Premium Content
CAB
CAB

Cabot Energy postpones insolvency with up to £2.8 million fundraise at just 0.1p – Oh dear

Once upon a time shares in Cabot Energy (CAB), then Northern Petroleum, traded at almost 150p. Today it announced a bailout funding at just 0.1p. despite it raising $15.3 million at 5p just a year ago. Oh dear… and it could get worse.

CAB
CAB

Another day of shame for AIM: Cabot Energy spunks $16.5m in a year, warns could go bust in weeks, did ex CEO inside deal?

Cabot Energy (CAB) which, as Northern Petroleum, once saw its shares touch 140p today admitted that unless it gets away a placing at a “deep discount” (its words) it will go bust by the end of January. Its shares, about which we have been warning for eons, have crashed by 59% to 0.625p. To think that, less, than a year ago, former CEO Keith Bush raised $16.5 million at 5p. All the money's gone.

Bearcast
PREMIUM CONTENT

Tom Winnifrith Bearcast: So just why were Bush & Morgan fired by Cabot? I think I have the answer to that $16.5m question!

I am still recovering from yesterday's 14 mile training walk for the Woodlarks 32 mile charity walk. Yesterday's trip did not go quite to plan and ended up being a tad longer than expected. I explain all HERE. If you enjoy my suffering I shall do a 20 mile walk next weekend so how about you spare a tenner and sponsor me HERE. In the podcast I ask very hard questions about the sacking of the CEO and FD at Cabot Energy (CAB), formerly Northern Petroleum. I think I know why the P45s and black bags were handed out but Cabot must come clean NOW. Same Nomad, different dog, more questions - MySquar (FRAUD). Then I look at Audioboom (BOOM) and Wishbone Gold (WSBN) where I am a long suffering shareholder. And I smile to myself as I remember watching Germany vs Argentina four years ago in Kambos HERE

Subscribe to ShareProphets to access Premium Content
Bearcast

Tom Winnifrith Bearcast: For whom the (front door) bell tolls

The bell in this podcast is not Aidan Earley's libel suit arriving but the workmen returning after lunch. I explain why they are here - blame the Mrs. In terms of stocks I cover Prairie Minerals (PDZ), IGAS (IGAS), Milestone (MSG), Xtract Resources (XTR), Amur (AMC), Advanced Oncotherapy (AVO), NCC Group (NCC), Northern Petroleum (NOP) and Saffron Energy (SRON), Redcentric (RCN), MXC Capital (MXCP) and a few other matters. Smiley face.

Bearcast

Tom Winnifrith Bearcast - Im really not into that green shite but its worse than that

In today's bearcast brought to you despite having a heavy cold, such is my dedication to you my listeners, I cover: Reach4Entertainment (R4E), Wishbone Gold (WSBN), writing to the FCA, T Clarke (CTO), Northern Petroleum (NOP), Andalas (ADL), Uru Metals (URU), Bilby (BILB) and Windar Photo (WPHO)

Bearcast

Tom Winnifrith Bearcast: Avanti inches to zero and Arian - once a dog always a dog - it needs shooting!

I start this podcast with a look at Avanti Communications (AVN) where I hope you ignored the ramblings of snot gobbler's colleagues at the FT and stayed short. 0p is still looking likely and I discuss the problems IIs face today. I look at Arian Silver (AGQ), a dog with fleas which has served the fat useless bastards on the board and its crony capitalist advisers well as punters have been shafted year after year. I look at Northern Petroleum (NOP) where today's dismal results tell you that it is placing ahoy AGAIN, at Petropavlovsk (POG), Galantas (GAL), Boxhill (BOX) and at Capita (CPI),  

Bearcast

Tom Winnifrith Bearcast: Fraudsters, losers & tossers the lot of them

In this bearcast I refer to my article on the Trump & Clinton debate overnight and what it means HERE and the latest shocking expose of Quindell fraudster Rob Terry HERE.  I warn about bad things happening in Euro land and the worst of tem all is Deutsche Bank. There is a Radio 4 programme tonight on AIM fraud at 8 PM. I am not involved but some fine upstanding members of the community are. that is irony in case the loser Roger Lawson thinks I have forgiven him and ShareSoc for defending the blinkx law breakers by smearing me and Ben Edelman.Elsewhere I look at the role of certain NEDS who are Tim not so nice but fucking dim. I cover the Cloudtag (CTAG) scam, Northern Petroleum (NOP) - placing ahoy _ and Imaginatik (IMTK) as well as China fraud Jiasen (JSI)

NOP
NOP

EXCLUSIVE: Northern Petroleum: Argentine Unit heading for bankruptcy court - when was it going to tell investors?

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.

Bearcast

Tom Winnifrith Bearcast 19 April - God I am productive as 88 Energy Dumps

I am still a tad under the weather but still I am jolly productive on the article front. In today's podcast I cover a valid point made by a UK Oil & Gas (UKOG) owning moron, look at Andalas (ADL) and 88 Energy (88E) - you were warned folks. Likewise Northern Petroleum (NOP) where I have no sympathy for CEO Keith Bush. He deserves a black bag and a P45 pronto. Frankly after his 2014 bonus piano wire is called for.

Bearcast

Tom Winnifrith Bearcast 18 March - Sir Stelios & TW 5, Fascist PR bullies at Citigate and Fastjet 0

To the Bubble boys 5 nil, To the bubble boys 5 nil, To the bubble boys 5 nil. That great Bubble Sir Stelios has Fastjet (FJET) and its fascist bully boy PR scumbag operatives at Citigate Dewe Rogerson realing. Naturally I start with this. The heroic Sir Stelios makes me even more of an admirer of all things Greek. Well almost. I look at Hellenic Carriers (HCL) and also at Gulf Keystone (GKP) and Northern Petroleum (NOP).

NOP
NOP

Northern Petroleum - Tells us about the Alberta Bonds & when you expect to go bust?

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.

LGO
LGO

Next Job for Bush, Ritson, Carroll, Piggy Austin - oil worth less than shit chicken graphic

As the summer wears on folks like little Keith Bush at Northern Petroleum (NOP), Andy Carroll of POS Mosman Oil & Gas (MSMN), halpess Neil Ritson of LGO Energy (TOAST) and Andrew "Piggy" Austin will be looking for new jobs as their company's go tits up. The graphic below suggests that next time they might want to try serving up something customers want to pay for?

NOP
NOP

Northern Petroleum insists it wont run out of cash - I disagree

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.

Bearcast

Tom Winnifrith Bearcast 20 January - Arguing with the UK's top share blogger Paul Scott again

Warning: This podcast contains bad language and some not terribly PC remarks about the Germans. A bit of an argument this morning with Paul Scott, Britain's top share blogger, on the subject of TrakM8 (TRAK). For once he sounded like a bit of a stale bull and I go through the bull excuses when faced with analysis like THIS. I am right on this one. I also cover Environmental Recycling (ENRT) and Motive TV (MTV) both of which are flea ridden dogs with puss ouzing from every pore and should be put down at once. Then it is on to Nostra Terra (NTOG) and Independent Resources (IRG) as well as Northern Petroleum (NOP) and Armadale Capital (ACP). I did not cover Corero (CNS) but I see its shares are slipping so should ask "when is the placing" and I gave Jabba The Hutt a break today but if you need a fix there is an LGO expose HERE

Eleven Oil stocks heading for Zero

The weekend news from the oil sector is grim. I am not sure that folks out there in, what Malcolm Stacey might term, punterland realise just how grim it is. There is a massive PR and IR industry supporting the proposition that things can only get better. Au contraire, for the next few months at least, they are going to get a lot worse. And in that spirit I offer up a list of eleven oil E&Ps to sell now, to get out what and while you can, as they could well hit zero. 

Bearcast

Tom Winnifrith Bearcast 11 Jan - Koovs Disgusts me, Afriag - incoming!

I think that Koovs (KOOV) is a basket case anyway but the manner in which it disclosed information - or lack of it - this morning is disgusting and treats private investors with contempt. The Gulf Keystone (GKP ) RNS is a shocker & I have cut my target price to well below 10p. Some folks just don't seem to accept how the oil price has changed everything and I discuss why certain stocks are now well and truly toast notably Northern Petroleum (NOP), IGAS (IGAS) and LGO Energy (TOAST).  I am delighted to see that Cynical Bear's articles yesterday have had some impact and comment on Corero (CNS) in detail. And then Afriag (AFRI). Its my birthday tomorrow and I have a present for Yusuf Kajee to celebrate. Incoming!

Bearcast

Tom Winnifrith Bearcast 7 December - Very Bruised by Greece today

I refer not to InternetQ (INTQ) of which a lot more later but to an accident I suffered when picking olives this morning. I am in real pain.  I know how it feels to be a shareholder in LGO Energy (LGO) which I discuss. In today's podcast I also cover Northern Petroleum (NOP), Hardide (HDD) - in grisly detail - Hunter Resources (HUN) and take Nigel's excellent weekend piece on China New Energy (CNEL) further - this just stinks. Talking of China and Norfolk, I also note the news today from JQW (JQW). Finally I question the RNS from Forbidden Technology (FBT)

Bearcast

Tom Winnifrith Bearcast 5 December - Six oil stocks heading to zero (and there are more) post OPEC

In this podcast I discuss OPEC and the oil price. I think you should have some oil exposure via BP (BP.A) and I am intyerested in a couple of gas plays, notably Ascent (AST). But I remain uber bearish on oil juniors as I have been (correctly) for four years. Among those heading for zero which I discuss are Gulf Keystone (GKP), Xcite Energy (XEL), IGAS (IGAS), Mosman Oil & Gas (MSMN), Northern Petroleum (NOP) and LGO Energy (LGO). And there are others take may not hit zero within a year but which still face share price decimation such as Solo (SOLO) and the Horse Shite/ Horse Hill Gatwick Gusher plays.

Bearcast

Tom Winnifrith Bearcast 27 November - Christopher Booker to Jabba The Hutt

Once again sincere apologies to Jabba The Hutt groupies for failing to pick up David Lenigas on anything in yesterday's podcast. Before you all get cold turkey, I have a few observations about Octagonal (OCT) nonsense today.I start with a look at React Energy (REAC) a trainwreck involved in green energy shite. I suggest that anyone who believes in this hocus pocus nonsense should read "The Real Global Warming Disaster" by uncle Chris.  Then it is onto Anglesey Mining (ATM), Golden Saint Resources (GSR), Slater & Gordon (TOAST) and Northern Petroleum (NOP).  See you all tomorrow at Gold & Bears in London.

Bearcast

Tom Winnifrith Bearcast 20 November - We need more coverage of David Lenigas

In today's podcast I deal with reader complaints that we have not given enough coverage to the various business interests of fat Aussie share ramper Jabba The Hutt. And so I cover Lenigas Cuba (CUBA), Big Jabba's preposterous claims about liquidity on ISDX and Solo Oil (SOLO) - placing ahoy! I also look at Mosman Oil & Gas (MSMN) -  more shite from poltroons from the land where most folk are descended from convicts - Flying Brands (FBDU), 88 Energy (88), Kea Petroleum (TOAST), JQW (FRAUD), Northern Petroleum (NOP), Optibiotix (OPTI) and African Potash (AFPO). I also deal with some wanker on twitter who thinks I am a sexist and wants to have a fight with me and ask more questions about market abuser Chris Oil AIM IPO car crash waiting to happen, Mkango Resources

Bearcast

Tom Winnifrith Bearcast 16 November: David Lenigas is not the only one in my sights

I am in Shipston with my father who has just won a premium bond. I discuss this ahead of spending it in the White Bear. Also how I deal with charities who call him. Then it is onto David Lenigas at the start with Lenigas Cuba (CUBA) and at the end with Rare Earth Minerals (REM). In between I look at Velox3 (VLOX), Juridica (JIL), Oilex (OEX), Phorm (PHRM), JQW (FRAUD), my anger at Reach4Entertainment (R4E), Paragon Diamonds (PRG) and I give Northern Petroleum (NOP) a well deserved kicking. Warning - this podcast contains strong language which some may find offensive. C'est la vie. 

Bearcast

Tom Winnifrith Bearcast 4 November: Inspirit Confetti for the fire tomorrow?

On today's podcast I start with a couple of risers: Berkeley Energy (BKY) - where's my apology Brokerman Dan? And Optibiotix (OPTI) - you know I am not totally useless at long tips. Then onto the losers: Galasys (GLS), TyraTech (TYR), Northern Petroleum (NOP). Then it is Golden Saint Resources (GSR) where I also try to help out hapless compliance officer the Northern Slum refugee Richard "Gollum" Gill by explaining the rules about a financial promotion.  I missed out FastJet (FJET) - down on weak passenger data, can anyone remember anyone involved in its IPO who might be a red flag? Then I turn my attention to David Lenigas, the boiler room and Inspirit (INSP).

Bearcast

Tom Winnifrith Bearcast 23 October: Daniel Stewart, Globo, Suspensions happening & hangings I call for

A wide ranging little podcast with none of the bad language ( well less) in my earlier bearcast on CEB Resources (CEB) and its scumbag CEO Dave Whitby (HERE). In this edition I cover Globo (GBO), Daniel Stewart (DAN) – with breaking news  - Northbridge Industrial (NBI), Auhua (ACE), New World Oil & Gas (NEW), ADVFN (AFN), Sefton Resources (SER) Holders Technology (HDT) and Northern Petroleum (NOP) 

NOP
NOP

Zak Mir's Great Request Show: Infastrata, Northern Petroleum, UK Oil & Gas

If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.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

NOP
NOP

Zak Mir's Bulletin Board Heroes - Featuring Northern Petroleum, Reach4Entertainment, Sefton Resources, Thor Mining, Transense Technologies, Wishbone Gold

Featuring Northern Petroleum (NOP), Reach4Entertainment (R4E), Sefton Resources (SER), Thor Mining (THR), Transense Technologies (TRT), Wishbone Gold (WSBN)

SER
SER

Zak Mir's Bulletin Board Heroes - AFC Energy, Kea Petroleum, Northern Petroleum, Sefton Resources, Tethys Petroleum, and Xcite Energy

Featuring AFC Energy (AFC) Kea Petroleum (KEA) Northern Petroleum (NOP) Sefton Resources (SER) Tethys Petroleum  (TPL) Xcite Energy (XEL)

NOP
NOP

Zak Mir's Great Request Show: Allied Minds, Northern Petroleum, Plethora Solutions

If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at Allied Minds, Northern Petroleum and Plethora Solutions.

Bearcast

Tom Winnifrith BearCast - 13 May

Back from lunch with my old Dad who is now in Greece this podcast looks at inter alia New World Oil & Gas, Daniel Stewart and in detail Mosman Oil & Gas and Northern Petroleum

Listen to the Bearcast:
Bearcast

Tom Winnifrith Bearcast - 16 April

Not hungover and after my first full night's sleep since Saturday I am back with my normal balanced and tolerant view of the AIM casino. Where do I start? Horse Hill, the POS ValiRx, Foxtons, Premaitha, Plethora, Telecom Plus (expect real fireworks on that one from Kevin Ashton on Saturday), Northern Petroleum and China Norfolk Jiasen.

Listen to the Bearcast:
Bearcast

Tom Winnifrith Bearcast - 31 March

In today's podcast recorded with my cats Tara and the morbidly obese three legged Oakley listening carefully I look at Daniel Stewart (more to come on that), Coms, Hunter Resources, Gulf Keystone and free speech on ShareProphets, Premaitha, Aquatic Foods, Nanoco and - in detail - Northern Petroleum

Listen to the Bearcast:
Bearcast

Tom Winnifrith Bearcast - 20th March

I save the best, Quindell, to the end of the podcast but ahead of that cover Gulfsands Petroleum, Igas, Gulf Keystone, Northern Petroleum, Mosman Oil & Gas, Afren, Digital Globe ( read Steve's piece HERE), Daniel Stewart, Gate Ventures before ending with Quenron and PWC.

Listen to the Bearcast:
Bearcast

Tom Winnifrith Bearcast 18 February - have fled Police in UK now in Greece edition

I cannot resist making a joke I made earlier about getting past passport control. That and a favour asked of all Bearcast listeners starts today's podcast, delayed because the internet connection from Kalamata is painfully slow. When we get there I shall discuss Naibu, Camkids, China Chaintek, Northern Petroleum (a genuine request to its lamentable board made in the spirit of friendship becuase I am such a nice guy), Alecto, Afren, Frontier Mining, Motive TV and Nighthawk.

Listen to the Bearcast:
Bearcast

Tom Winnifrith Bearcast - Fleeing the country edition

Just to get in ahead of the Bulletin Board Morons, I am set to flee the country to avoid the Old Bill now that Worthington has called them in. No, only kidding - my trip to Greece was planned a while ago as you can see on TomWinnifrith.com. In this podcast I look at Northern Petroleum, Hargreaves Services, equity valuations and then in some detail Kenmare. There is also a taster on the FRAUD Worthington - just a little warning for what I plan for tomorrow for Doug Ware.

Listen to the Bearcast:
Bearcast

Tom Winnifrith Bearcast 16 February - Market abuse and other matters

In today's podcast I discuss what exactly is market abuse and who commits it. I talk about how I reported myself for market abuse to the FCA when dealing with bully boy lawyers from Range Resources. And who really commits it. At a company level I look at 3 Legs Resources, Afren , TXO, Northern Petroleum and Mosman Oil and Gas.

Listen to the Bearcast:
Beggar

99% of Bulletin Board users are not Morons – who am I insulting?

I stand accused yet again of insulting the entire investment community and of delighting in folks losing money. Au contraire, I delight when Bulletin Board Morons lose money but that is just a small group of those who use BBs.

NOP
NOP

Northern Petroleum – sack the board!

As a company director it is hard to admit that you are wrong. And thus good money is thrown after bad. That is what is happening at Northern Petroleum (NOP) and for shareholders to get anything back the board must be sacked now.

Bearcast

Tom Winnifrith Bearcast 13 February - Mark Slater & other matters

Sorry for the delay. Note to scumbag FT writers - if you wish to lift anything in this Bearcast please give an attribution rather than claim it as your own scoop. Dan McCrum you know what I am talking about. I know you work for the FT but that does not mean you HAVE to act like a total wanker. In today's podcast I discuss a chat with Mark Slater on China and various other matters, commodity prices, frauds, Mosman Oil & Gas, Verdes, Northern Petroleum, Aoerama Communications, Gowin New, JQW, Shaft Sinkers and Mariana (a scoop there if you want to steal it as well McCrum you wanker)

Listen to the Bearcast:
NOP
NOP

Northern Petroleum – what a total fucking omnishambles of an RNS

I have already explained in my Bearcast why Keith Bush, the CEO of AIM casino POS Northern Petroleum (NOP) should be taken out and strung up with piano wire for the contempt with which he has treated the owners of this company where he has been rewarded for abject failure. But today’s RNS requires further comment as it is a classic in omnishambles obfuscation. 

Bearcast

Tom Winnifrith Bearcast - 10 February

I start - as I would always do when I err - with an apology and correction on Scholium as per yesterday's Bearcast. I then go onto high handed CEOs who say they do not care about Private Investors and get a big come uppance. Step forward the little shit who runs Northern Petroleum, Keith Bush. I comment on Inspirit and Ambrian and going back to oil I disagree strngly with Ben Turney (HERE), Gulf Keystone remains a stonking sell. I also touch on Igas, Afren and Hurricane. En passant I touch on the china frauds like China Chaitek and Camkids.

Listen to the Bearcast:
Bearcast

Tom Winnifrith Bearcast 20 January - oil prices, oil stocks and time to revisit 0p target for Quindell?

In today's podcast I start with oil stocks and oil prices and discuss why I would not touch any of them with a bargepole - particular mentions of Tangiers Petroleum, Falklands Oil & gas, Rockhopper, Igas, Northern Petroleum and the rampers of Mosman Oil & Gas. I then move onto Quindell discussing whether my 0p target is too low.

Listen to the Bearcast:
Bearcast

Tom Winnifrith Bearcast 15 January

Again I am a little late with today's podcast. Back to normal in Bristol on Friday but I have an excuse. On the agenda today, Touchstone Gold and crony capitalist Steve Berry, equity valuations, Alecto, Northern Petroleum, oil prices, IGAS ( happy anniversary to Andrew "Piggy Austin" ahead of tomorrow), Optimal Payments, LGO Energy, Enteq Upstream and Paul Scott.

Listen to the Bearcast:
JR-Ewing

Tom Winnifrith Bearcast special - 4 oil stocks and a recruiter

In this podcast I look at levels of disclosure in trading statements and how only some companies understand who owns them (shareholders). I cover, en passant ,Michael Page and in detail Igas, Leyshon Energy, Iofina and Northern Petroleum (also covered today HERE)

Listen to the Bearcast:
NOP
NOP

Northern Petroleum forced into issuing a (lack of) profits warning but why is it still not coming clean

A vicious Bearcast at the weekend appears to have forced Northern Petroleum (NOP) into issuing a profits (or lack of) warning but it is still not coming clean with its long suffering shareholders – why does this company regard transparency as a four letter word? The shares are off again today to 10.5p but remain a sell with an initial 5p target. 

NOP
NOP

Tom Winnifrith BearCast 11 January

This is a two part podcast. First I look at Northern Petroleum and its woes and explain why I have a 5p target for the shares ( now 11.5p) the a section on earnings visibility and valuing companies that might be breaking the law or ripping off their customers.

Listen to the Bearcast:
Bearcast

Tom Winnifrith Bearcast 10 January

In today's podcast I refer to the excellent Black Swan 2015 review by Richard Poulden which you should all read. I cover the issue of how low the oil price could go but also what we as investors should assume that it will be. I touch on IGAS and Northern Petroleum (both shorts). And the I look at the issue of what constitutes market abuse in the Bulletin Board Moron community

Listen to the Bearcast:
Bearcast

Tom Winnifrith Christmas Eve Bearcast

Happy Christmas to you all - unless you are a director of Quindell. More on that later.  This Bearcast explains why Ben Turney is 100% wrong to back the board at Gulfsands Petroleum - it should be booted out at once. I also look at Charaat Gold (pathetic placing), Deltex Medical (POS & Profits warning) and at a range of oil juniors notably Mosman Oil & Gas, Northern Petroleum, Enegi Oil and IGAS - suggesting a new stress test for your holdings in this sector.

Listen to the Bearcast:
Bearcast

Tom Winnifrith Bearcast 17 December

In a wide ranging and opinionated (natch) podcast Tom covers Ultrasis, the nature of investing, EKF Diagnostics, Share PLC, Audioboom, Igas, Gulf Keystone, Gulfsands Petroleum, Northern Petroleum, Central rand and natch Quindell

Listen to the Bearcast:
Bear

How to play the Oil Price Slide on AIM

The Oil price slide throws up some interesting opportunities on the AIM market. I have shorted a basket of five stocks on the basis that if it continues to fall or stays at these levels they will get into serious financial difficulty very rapidly.  If it rallies the upside is hopefully limited by management practices that are unlikely to reward shareholders. 

JR-Ewing

Tom Winnifrith BearCast - 80% of AIM oil stocks to go bust?

Okay that grabbed your attention. I do not believe it but that was the claim made by an industry grey hair as we chatted yesterday. Some will go under however, the world has changed. I look at IGAS, Northern Petroleum, Adriatic Oil, Spitfire Oil, Mosman Oil & Gas in particular and the sector in general in a podcast special

Listen to the Bearcast:
Barrowman

The Northern Petroleum Rampathon, Proactive Investors and Crony Capitalism on AIM

The pre rescue bailout placing ramping exercise of Northern Petroleum (NOP) continues on Wednesday with a presentation somewhere in the Grim North organised by Proactive investors. A missive from Proactive sales bird Sophie Barrowman (pictured) last week tells you all you need to know about how the AIM Casino operates. Sophie gushes in semi-orgasmic tones:

Bearcast

Tom Winnifrith's BearCast 23rd October

A wide ranging podcast today covers themes general and specific: Northern Petroleum, Foxtons, UK house prices, Ultrasis, Quindell, Diamondcorp, political risk and South Africa, It will be different this time (it won't be), dead cat bounces and more

Listen to the Bearcast:
Bearcast

BearCast Special: Deciphering the misleading or distracting RNS or RNS Reach - 4 case studies from today

The normal Bearcast will be up a bit later. However I was struck by news releases issued today by ASOS (ASC), Northern Petroleum (NOP), Blur (BLUR) and Globo (GBO) and so recorded a podcast special. Superficially it might seem like good news all round, however:

Listen to the Bearcast:
Bear

Tom Winnifrith’s BearCast 17th October

Where is that dam Quindell (QPP) video? I am really getting pissed off now, I was promised it last night and it has still not arrived. Fingers crossed. Meanwhile the podcast is back on an up day for the markets – an opportunity to offload duff stocks in my view. This bearcast covers:

Listen to the Bearcast:
Bear

Tom Winnifrith's Bearcast 15th October - Oil on Centre Stage

A good day for the bears on the markets and ahead of a boozy lunch I am in good form. The podcast is again explicit in its language, this is no holds barred stuff.

Listen to the Bearcast:
NOP
NOP

Northern Petroleum and its alarming (and poorly disguised) cash burn

At the year-end Northern Petroleum (NOP) reported its cash in Euros – 26.5 million. Yesterday it boasted of its cash balance in dollars $22 million. I guess someone might have fallen for that sleight of hand – it could have been transparent and used a number of 16.5 million Euro. But transparency and Northern? Enough said.

Placement Watch – UK Oil & Gas; the first of the Horses to place

Whatever else is said about David Lenigas he certainly appears to have a firm grip of the current mood of the market. This morning UK Oil & Gas (UKOG) announced a £2million placement at 1p. Some will complain about this, but this looks like another smart bit of business. Whether this leads to a material uplift in the stock price is another matter...

David Lenigas in video action explaining why UK Oil & Gas is so exciting

The deal of the day for today was undoubtedly the purchase by UK Oil & Gas (UKOG) of the UK assets of cash desparate Northern Petroleum (NOP). The man behind that deal was David Lenigas.

NOP
NOP

Northern Petroleum UK asset sale at give-away price – just how bad is the cash position?

I noted here the other day that Northern Petroleum (NOP) is heading for a cash call. Today it has announced the sale of its UK assets for £1.5 million to UK Oil & Gas (UKOG). It’s a great deal for UK Oil & Gas but it tells you that Northern needs cash. Fast.

NOP
NOP

Prostitute Researcher Edison talks bollocks as Northern Petroleum plans a bailout cash call

Northern Petroleum (NOP) is running out of money. A cash call is inevitable and it will happen before Christmas.  Hence prostitute researcher Edison has “reinitiated coverage”. That means Northern has paid it a cheque to write bullshit so that private investors are suckered into buying the stock before institutions buy in at a whopping discount. The Edison note says it all. It is a classic.

Pants on fire

Oilbarrel – a few questions for the dogs presenting last week (and Mosman Oil & Gas)

In the old days Oilbarrel Conferences used to be graced by the likes of Cairn Energy (CNE) & Tullow Oil (TLW) and were packed out. These days, a combination of serial under-deliverers and promoters looking to ramp ahead of the next funding tend to present. Last week’s line up was so dire that if you are among the handful of attendees we provide this handy crib sheet of questions for dogs Range Resources (RRL), Green Dragon (GDG) and Northern Petroleum (NOP). Oh, and for good measure, we also include Mosman Oil & Gas (MSMN), in a well timed appearance.

How quickly sentiment changes – ref small oil stocks: the force is with them

I had lunch yesterday in Bristol with an old pal from the oil industry. A few months ago his AIM listed company tied to raise a few hundred thousand pounds and boy was it hard work. The other day he raised well over a million quid and he said he could have done it twice over. Has anything changed with his company? Not really.  This is just sentiment.

WSX
WSX

Wessex Exploration. Retail Investor Wipe-Out!

Yesterday’s Extraordinary General Meeting at Wessex Exploration (WSX) was a bad day for retail investors. But a good day for private investor activism. The beleaguered failed Board held on to their overpaid director fees and expense accounts by the skin of their yellow teeth.

NOP
NOP

Northern Petroleum – Boardroom bonuses for what FFS? Shareholders can fight back today

A copy of the Northern Petroleum (NOP) annual report lands on my desk. Thud. A lot of trees went to produce this weighty tome which places undue prominence on 'elf n safey, Corporate & Social Responsibility, etc, etc. That is all a smokescreen of sanctimony to mask an act of brutal AIM Cesspit crony capitaism. Naturally I turn straight to page 87 of 96 and there it is. Bonuses for directors! WTF?

NOP
NOP

Northern Petroleum - Boardroom Changes CAN Matter


AIM-listed oil and gas company Northern Petroleum (NOP) has announced the departure of director Maurice Eaton who joined the company in 2007 and became Director of Operations in June 2011. The company added “Maurice's departure is the first of a series of changes to board roles and executive responsibilities including the roles of Chairman and Managing Director planned during 2013”.

  • 3143 days ago
WSX
WSX

Wessex Exploration – I do not believe bid rumours. Sell. Switch into Northern Petroleum.

It is a strange old world and I gather that some folks reckon that there is a bid on the way for AIM listed oil exploration penny share Wessex Exploration (WSX). I bet you 5000 Albanian Lekke that there is not and as such I would rate this stock, at 7.3p, a sell. If you want exposure to Guyane (the only real asset of note in Wessex) I would obtain it by buying AIM listed Northern Petroleum (NOP) at 67.5p.

Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Complete Coverage

Recent Comments

|