UK 08:38 Sunday, 25 October 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.
David Lenigas is tweeting his upset with James Parter for having suggested that Solo Oil (SOLO) is a sell and has suggested that Mr Parter is likely to be sacked. Let me make this 100% clear to my friend Mr Lenigas and to other CEOs out there who think that I sack anyone for having an opinion. I will NEVER do that.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
Jonathan
I applaud your stance tom, you are quite correct. A free press able to express opinion is vital.
I do feel James’ article was quite poor, I note it has been edites to ‘sell’ rather than short now, which makes it a lot more credible.
Tom Winnifrith
J
thanks on free speech,
No editing – article is unch from when it was published – has always said sell. Promise!
T
Jason
I thought DL had stopped tweeting after being called out by another tweeter about his false claims about 3D seismic having been completed for HH when it hadn’t. His cryptic tweets throughout the drill also added to the hype which crashed to earth when actually results started coming in. Perhaps DL would be better served censoring his own contributions which more likely have led to PIs actually losing money?
Adge
Lenigas is a serial scallywag and liar. Tom;how you can describe him as a mate defies me. He usually comes up with the canard that we do not need to launch a placing a month before he does. Once he has handed over a company to a professional CEO then some of his companies are investable. But whilst he is involved keep well away.
Gary Newman
Jason, funny you should mention that as i was wondering if his views on investors being able to sue also stretched to company directors and the like making comments on social media sites that subsequently contributed to spikes in share price which small investors bought into and then got badly stung when the price dropped a lot…
I also find it strange that so many are only concerned about anything negative being written, yet it seems if you are positive you can say whatever you like and people will love you for it. Mention anything even vaguely negative though and you get slaughtered (I recently wrote a piece of FitBug and actually had it as a buy and mentioned lots of positives, but what most jumped on was the fact that I’d said it would dip short term and especially when the shares in issue pretty much doubled due to a recent placing and debt conversion coming onto the market on Dec 30)!
modsa
I don’t believe David was trying to gag anyone, just emphasising his firm belief in SOLO, whose prospects are in my view, good, one must however accept that any E & P oiler is a gamble, not improved by the collapse in the oil price.
RPC
“Lenigas is a serial scallywag and liar. “
Bullseye, Adge!
handybrownone
I don’t disagree with what Tom says but isn’t it foolish at least and starts to erode credibility when someone says that in 4 days time the share price will effectively half – it closed at 0.6 on Christmas Eve. I note the SP is now on the 31st Dec 0.79! Perhaps too much sherry and spending too much time with the in-laws? Certainly I’m not really interested in his long-tips for 2015. People only come back if at least what is written is credible. PERHAPS the weaknesses in his article are true but for them to play out in 4 days after Christmas – very very unlikely.
Tom Winnifrith
Handybrownone
Er… read the title again! the Dec 31 referred to is 2015 not 2014 :)
Red faces at the browne house methinks
t
handybrownone
oops – yes – OK that makes more sense. OK I will post again on 31 Dec 2015! I am just coming our of the festive fug.
J P Spaghetti
And lest we forget Kevin Ashton – I wonder if he instigated legal proceedings personally in respect of his treatment and Canaworm’s seemingly fraudulent misrepresentation of its (Canaworm’s) activities…