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Bearcast

Tom Winnifrith Bearcast is back - UK Oil & Gas bulls you is avin a giraffe

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.

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