A month ago, Gary Newman wrote that LGO Energy (LGO) “looks overvalued and in trouble”. His analysis drew quite a lot of criticism, but this morning it looks like his view has been vindicated, as the company announced an unimpressive set of interim figures. For good measure, hidden away in these, is a significant downgrade of the company’s production outlook.
Featuring shares in Ferrex (FRX), Jiasen (JSI), Imaginatik (IMTK), LGO Energy (LGO), Tern (TERN), together with some share price targets.
The share price of LGO Energy (LGO) has plummeted recently, but I still think it looks over-valued and wouldn’t be buying. At the start of the year I gave a sell recommendation on the company when the share price was around 3.5p, giving a market cap of circa £100 million, and since then it has fallen to its current level of 1.55p on the ask.
Featuring shares Jubilee Platinum (JLP), LGO Energy (LGO), Nighthawk Energy (HAWK), Quindell (QPP) and Serica Energy (SQZ) with share price targets for all.
Yesterday we asked you (HERE) when you expected LGO Energy (LGO) to issue its next batch of confetti given that its boss Neil Ritson had ruled out an August dump on mug punters. You seem to think it is not long.
LGO Energy (LGO) boss Neil Ritson has apparently emailed at least one shareholder pointing out that August is a dead month for placings so why would the serial confetti issuer be in a rush to issue more confetti. Well, perhaps because it is in debt and burning cash? So when do you think LGO Energy will next be issuing shares?
Featuring Cap-XX (CPX), Forte Energy (FTE), Gulf Keystone (GKP), Globo (GBO), Imaginatik (IMTK), LGO Energy (LGO)
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at Frontera Resources (FRR), ITE Group (ITE), LGO Energy (LGO)
Featuring Ascent Resources (AST), Boxhill Technologies (BOX), Concha (CHA), Highland Natural Resources (HNR), LGO Energy (LGO), Proteome Sciences (PRM)
LGO Energy (LGO) the Trinidad focused oil production company announced last week another positive update on their 2015 drill campaign at the producing Goudron oilfield, Trinidad. So what do the maths really look like?
Featuring Aminex (AEX), LGO Energy (LGO), Mercom Oil Sands (MMO), Premier African Minerals (PREM), San Leon Energy (SLE), and Sula Iron & Gold (SULA).
Yet again LGO Energy (LGO) is issuing shares like confetti. Yet again it is announced at no-one is watching O'Clock and enough is enough, I let rip at this company and only half jokingly call for Big Dave Lenigas to resume control.
