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.
In Part 1 of this pair of articles I took a look at Gulf Keystone (GKP). In Part 2 I revisit two more of my picks from the summer, Bowleven (BLVN) and President Energy (PPC). With the outlook for oil prices as bearish as it is, is there much to be positive about for either stock?
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Comments
Striebs
I sold out of Bowleven with a loss .
The company has spent money and destroyed shareholder value on a much larger scale than most AIM enterprises .
They’ve treated real money like monopoly money and Kevin Hart’s remuneration has been nothing short of obscene for presiding over continued failure .
The hydrocarbons are there in abundance but there is absolutely no need to own shares in that company as P.I.‘s won’t see any of the upside .
I will be interested to see how the Edinburgh Mafia eventually engineer it to take the lot for themselves .