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.
A comment earlier by my colleague Gary Newman, in his excellent write up of Xcite Energy (XEL), made me think about the Falkland Islands’ explorers. I know Gary regards most of these as speculative punts. He tends to prefer stocks with proven reserves, which are producing or are on the cusp of production. However, his point about buying AIM-listed oil stocks when there is little news and interest is a very good one. Most people have followed the Falklands’ story over the last decade and most will be aware that the share prices of the various companies involved haven’t done much for two years. This could all be about to change, as we enter the final six months before the next, long-awaited drill campaign.
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Comments
rob
Good article, until you mention chris oil. The passionate reaction to his articles, that you mention, have nothing to do with his analysis, and everything to do with the fact that he is a notorious walter mitty, banned at least once from every bulletin board there is (though he always returns under different names). He even posted a fictional interview with a fund manager on this site a few weeks ago, which was obviously a fabrication. Sad stuff. I used to like this site.
Tom Winnifrith
1 of 39 writers offends you & you stop liking a site – really?
of the c 7000 articles here CO is responsible for 10. Your judgement on the whole site seems a tad OTT on that basis.
seems a bit harsh
t
Ben Turney
@rob – I can only base an opinion on my dealings with Chris and I’ve found him a knowledgeable and amiable person to talk to in real life.
As for saying that interview of his was obviously a fabrication, come on now, be serious.
wildrides
Time to start averaging in ?
yeah okay ……. just not into FOGL pleeeeeese.
I mean of all the choices why would you ?
Anything but the Falklands has got to be a better bet , even Kurdistan .
LGO does it for me …..Trini …..nice and hot ,big barrel chested salesman and deal doer in charge , what more could you possibly want. Apart from spunking a million or so up the wall on a useless court case of course . But hey , we all make mistakes and Lemongas has made his now.
rob
As I said, the most notorious liar on any bulletin board, and most unpleasant individual I’ve come across on any bulletin board, is being given free air time on your site. Oh, and it is blatantly obvious that he made up that interview, as he makes up everything else (castle, millionaire friends, huge wealth, Savoy etc). Just look at the language and content for God’s sake.
You claim to have a site
that stands up for small share holders, yet you’re posting messages from the most notorious walter mitty on all the bulletin boards. It undermines your whole site’s credibility, which is a shame. He is THAT notorious (how can you not know this??)
I’ll not post again, but don’t say you weren’t warned….