By Tom Winnifrith | Saturday 2 September 2017
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.
I had meant to resume regular bearcasts on September 1, but just in time remembered that yesterday I should have been celebrating four years of wedded bliss. So, in order to keep the Mrs happy, I postponed the relaunch until today. But now, not for those averse to bad language, I am back and kick off with an explanation of why shares in UK Oil & Gas (UKOG) are just ludicrously overvalued. That is not to say they might not go up in the short term but in the end they must, on current facts, be grossly overvalued.
Already a subscriber? Click here to sign in
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Search ShareProphets |
Stock market news |
Recent Comments |
Site by Everywhen