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Deltic is a big gamble on well testing outcome - but I can see why some are taking the risk due to the upside if successful

Deltic Energy (DELT) is now at a juncture where the next couple of weeks will either see it become a huge success, or like so many in the oil and gas sector before it, will become just another story of ‘what could have been’ had it had more luck with the drill bit.

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Even if somehow Mode Global survives as a company, it looks like it is game over for current equity holders

A week ago I wrote about the latest update from Mode Global Holdings (MODE), stating that it was unable to secure any new funding, and I concluded that this likely meant a wipe-out for equity holders and that you should avoid it all costs. Some have tried to pump it, saying it was actually worth multiples of the 1.25p that it crashed to and that I was wrong and the EMI licence that it holds, and which basically enables its app to offer the financial services that it does, is actually worth a fortune and buyers would be queuing up for it.

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My bearish view on Mode has proven to be correct as it can't secure further funding and the share price collapses again!

Writing bear pieces about any share tends not to make you very popular with people who are invested in that company, to the extent that some feel the need to engage in personal abuse, or even threats, so it is always nice to see your opinion ( and in this case, that of TW too) vindicated!

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EXPOSE: Whilst the structure of Eqtec related parties looks a concern, it is the business itself that would make me avoid it

A ShareProphets reader has asked me to take a look at Eqtec (EQT), which I’m happy to do as I’ve never exactly been a fan of the company, going back to 2019 when I last covered it.

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The Serica acquisition of Tailwind looks like terrible value for existing shareholders if it goes through

I’ve always been a big supporter of Serica Energy (SQZ) since first covering it on this site as a buy at around 5p some years back, and since then it has done rather well, but I’m really struggling to get behind the acquisition deal that it recently announced whilst I was off on my travels.

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Asiamet Resources has been a terrible investment for me so far, but I'm still hopeful that it could reach production in the end

Whilst I’ve been away fishing in the jungle for the past month, I notice that Asiamet Resources (ARS) has issued a couple of RNSs, including a new Memorandum of Understanding that it hopes will help move its BKM project towards the production stage.

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The outlook for the mining sector in 2023

The mining sector in general has experienced high levels of volatility over the past couple of years, even more so than normal, and that looks likely to continue into 2023 as well.

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The 2023 outlook for oil: it is bullish

Tom has asked me to give my thoughts on oil for the coming year, and whilst I am still bullish on it, things certainly aren’t very clear at the moment with so many different factors in play. It is a curate’s egg. Or maybe rather better than that.

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I'm not a fan of Coro Energy or its management, but if there is any truth in the rumours about assets in Baluchistan it has speculative potential

Looking at the assets which are held by Coro Energy (CORO) and the involvement of James Parsons as executive chairman, it would be easy to quickly dismiss it and move onto something in the oil and gas sector with more potential.

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Fulcrum related party loan note deal looks terrible – no good reason to buy with dilution to come at a 75% discount

If you’re a small company in need of cash to keep the lights on, then the current market isn’t a good one in which to be trying to raise capital, and is leading to some truly horrendous deals for existing investors.