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New World Oil & Gas; administrative error sees Alliance Trust Savings take a 13.25% stake

By Ben Turney | Wednesday 22 July 2015


Disclosure: I own shares in one or more of the stocks mentioned. 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.


The New World Oil & Gas (NEW) forward selling fiasco took yet another bizarre twist this morning, as the company announced that Alliance Trust Savings had taken a 13.25% stake. There was widespread speculation that this announcement was a cunning ploy from market abuser Chris Oil, as this involves his broker, but I didn’t believe that for one second. Chris Oil has proven beyond all doubt that he doesn’t have the gumption for cunning ploys, so this transaction looked like something different. The question was what?

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