UK 20:08 Monday, 21 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
The 35% drop in Petroceltic International’s (PCI) share price over the last three weeks has been one of the most predictable events of the year. Once the company’s major shareholder, Worldview, fired the first shots in the latest civil war to engulf the company, there really was only one direction the stock could take. Against the backdrop of a persistently low oil price, lingering concerns about the health of Petroceltic’s balance sheet were bound to have a depressing effect. This morning the company issued its latest response to this unfolding disaster. And it doesn’t exactly inspire one with much confidence, even at 58p per share.
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Comments
I Swear
Again executive pay has to be mentioned here and the disconnect from shareholders, the refusal of management to take pay cuts in any company with a high cash burn and poor trading environment means one thing quite simply, they don’t believe in their own investment case that they are trying to sell to investors. The BOD see that the only personal profit for them is through their salaries not shares and therefore refuse to reduce their salaries, again it’s a risk (investor) reward (director) scenario, total hypocrisy and it happens across the market spectrum.