UK 10:44 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
When Bahamas Petroleum (BPC) announced a confidentiality exclusivity agreement back in May I expressed scepticism as to whether that would actually result in any sort of farm-out deal ultimately being concluded.
There is no denying that the news released by Bahamas Petroleum (BPC) last week was positive, but in no way does it justify the £30 million increase in market cap that has occurred since then.
Given the share price level of being one of the more modest of the penny stock brigade, it could be said quite fairly that Bahamas Petroleum very much fits the bill of being a Bulletin Board Hero, and therefore a stock which is usually covered here on Shareprophets in video form.
Once every three years, the long suffering shareholders in AIM casino listed Bahamas Petroleum (BPC) get the chance to get rid of CEO Simon “Harry” Potter – the next chance is next week and this is why I urge all investors to send Harry packing.
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at Bahamas Petroleum, Coal of Africa, and Supergroup.
Anyone lucky enough to have made a profit off of the recent rise in Bahamas Petroleum (BPC) would be well-advised to consider banking it.
It is quite a conundrum we have here at Bahamas Petroleum in the sense that on the face of it the post-March price action on the daily chart was that of a gap fill bull trap reversal through the 200 day moving average and as high as 7.5p plus. Such a negative signal is not one you would normally be thinking of bottom fishing even a couple of months later.
