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UK Oil & Gas: David Lenigas Hits Back!

By Tom Winnifrith | Friday 10 October 2014


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.


Earlier today we ran an article by Doc Holiday slating yesterday’s placing by UK Oil & Gas (UKOG) – you can read it HERE. I commented on the matter in my BearCast HERE.  David Lenigas has now been in touch and wishes to put the record straight. The contention regards a tweet David sent on Monday evening blaming shorters for the price being weaker, only for the company to announce a placing on Wednesday night – that is covered in full in Doc’s article. Here is what Mr Lenigas has to say:


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