By Lucian Miers | Friday 9 June 2017
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.
As a rule of thumb, when a company has a name change and a share consolidation it is not good news for the share price. Short term, the shares of AIM listed oil play Echo Energy (ECHO), formerly known as Independent Resources, have been an exception to that rule.
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