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Petroceltic - The End is Nigh

By Lucian Miers | Monday 29 February 2016


Disclosure: The author has a short position in one or more of the shares 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.


At first I thought that Angelo Moskov of Worldview must have gone crazy to bid 3p per share for the 70% of Petroceltic (PCI) that he doesn’t already own. But I see now that there is method in his madness and that he is merely trying to remove the current management from ongoing discussions with the banks before they lose patience and pull the plug on the company. 


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