By ShareProphets | Tuesday 1 December 2015
The November edition of UK Investor magazine is now live featuring 4 buy share tips, 4 sells (from TW), company profiles on Inspirit Energy and Prime People, Ben Turney on Irish oil plays, Malcolm Stacey on investing with ethics, and Tom Winnifrith's 'See You In Court, Bitchez' policy. You can download your free copy below
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jojo
what a good magazine
wildrides
I would not be tempted to short LGO from this level . It has a huge BB Moron following and you will be risking your shirt . The Bank covenant breach is technical at this stage ………. no repayments have been missed on the loan . The company is knocking out 900 BOPD currently ( last RNS ) and has been adapting its cost and output plans according to oil price circumstances , as you would expect it to do . Tom bases his assumptions on historic costs and does not know the current cash burn ……….. its all guess work . The company has substantial reserves of oil and has been learning how best too extend well production curves over the last two years from the differing horizons available to it . Whilst the current share price could go lower there is substantial risk of rises catching out those short or margin trading . The technical well problem refered to in the piece, regards equipment stuck down hole on one well, is something that can happen drilling oil wells and not a reason to suggest the company is remiss in its drilling ability . Infact the company has a very good record of drilling and hitting oil and producing from each well it drills . LGO is but one of many small oilys facing up to readjusting its cost base to the new oil price environment . It looks like a soft target but you could be surprised . Historic links to David Lenigas mean its always going to face the risk of being subject to the wrath of Tom serving his “dish of revenge” , ice cold .
AK47
Superb Magazine. Big hand to all those who help in the making of this publication. Really appreciate the hard work that goes into it all.