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Union Jack Oil – even its house broker admits to the cash issue

By Tom Winnifrith | Tuesday 18 January 2022

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.

Bulls of Union Jack Oil (UJO), the company that uses shareholder cash to troll its own shareholders, advisers and journalists, have taken some comfort from the latest desktop study of West Newton. I did a desktop study of Cheryl Cole last night and that proves nothing either. It is all hot air. Only drilling proves anything and on that count Union Jack is a serial failure.  But there is another matter: the cashburn.

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