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LGO Energy looks way overvalued at 3.425p

By Gary Newman | Saturday 10 January 2015


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.


Every time I look at LGO Energy (LGO) I wonder if I am missing something in terms of its value – currently £94 million. To me it currently looks incredibly expensive when compared to other oil producers, some of whom are at a far more advanced stage and with an awful lot more in the way of both production and reserves.


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