After the recent big rises on Leni Gas and Oil (LGO), banking at least some profit looks to be the sensible move. When you consider that the share price was a little over 0.7p as recently as April and has now risen to close to 4p, adding nearly £75 million to the company’s market cap, this one looks a little on the ripe side.
David Lenigas popped by earlier in the week for a chat on a number of matters. As ever the great man had a lot to say on a range of issues. But a few points stick in the mind.
Today I close out what has been one of ShareProphets best tips over the last few months. In March I made a call on Leni Gas and Oil (LGO) as a stonking buy even though the board had royally cocked up with the court case. The share price was 0.69p and people called me bonkers, an idiot, and a fool.
At the weekend we served up a trading tip – buy Leni Gas & Oil (LGO) at 1.17p – as you can see HERE. Call us spivs if you wish but…
The solid tip of the week went up earlier HERE, now for a bit of fun and a trading share tip of the week. Run by the marmite character that is David Lenigas, AIM listed Leni Gas & Oil (LGO) trades at 1.17p valuing it at £28 million but ahead of a potential game changer week in Trinidad, that may well be far too low: the shares are a trading buy.
Today I provide you with a triple update. Two companies I recommend that you keep holding are Leni Gas (LGO) and Edge Resources (EDG). I have written about these two beasts on the Shareprophets before and people following up the tip will have already made substantial gains.
Direct from the Queen Elizabeth Conference Centre a video featuring a UK Investor Show 2014 presentation by David Lenigas, of Leni Gas and Oil (LGO)
Today I want to highlight a small oil and gas company, Leni Gas and Oil (LGO), which is chaired by Del Boy Lenigas. At less than 0.7p, Leni Gas is an opportunity not to be missed and here is why.
Today I show you to an oil and gas small company, Leni Gas and Oil (LGO) that is chaired by Del Boy Lenigas. At less than 0.7p, Leni Gas is an opportunity not to be missed and here is why.
Leni Gas & Oil (LGO) has traditionally been something of a tough cookie for technical analysts to bite into. Penny stocks are usually problematic, but good old Leni can be particularly problematic. This is not only due to liquidity issues, but also because of the volatility that stems from most companies in the resources space.
Okay the time & venue are fixed: 12.30 PM at The Real Man Pizza Company 91-95 Clerkenwell Road, London, EC1R 5BX - TODAY. Maybe try the new pizza named in David’s honour (his suggested recipe). If you want to attend & to give us a help on numbers drop me an email at tomat49@gmail.com
In a landmark announcement, AIM Listed Leni Gas & Oil (LGO) today informed the market that the Environmental Management Agency of Trinidad and Tobago had confirmed that the Company’s application for a Certificate of Environmental Compliance (“CEC”) for the planned drilling campaign of 30 new wells at its 100% owned Goudron Field in Trinidad had been approved. This announcement is a game changer for Leni.
As you may recall David Lenigas, the serial AIM entrepreneur suggested a new pizza recipe to me and as a result we now serve a pizza named in his honour at The Real Man Pizza Company in Clerkenwell. And next Thursday Mr Lenigas is paying us a visit. Fancy joining him?
A charting predecessor of mine on Shareprophets.com managed to correctly call the massive spike in shares of Leni Gas & Oil (LGO) last October and November on ADVFN.com, having identified a bull flag formation above the 50 day moving average then at 0.6p. In the end the shares peaked at over 1.8p in November.
Does anyone understand the fundamentals of Leni Gas & Oil (LGO)? Maybe the odd Nobel prize winner but nit me although today’s RNS seems positive enough. But the charting picture is much simpler - since April the shares have traded in a range of 0.7p to 1.2p.
Leni Gas & Oil (LGO) has had a real roller coaster ride in 2013 but at 0.81p it is a speculative buy – the potential short term gain of 50%. Let me explain.
David Lenigas, CEO of Leni Oil & Gas speaks at the UK Investor Show 2013.
Having been one of the Leni's greatest fans in the recent past, it is difficult to look at the latest development in terms of the price action without taking the view that not only do we have a painful looking chart gap to the downside on hands, but that we are now forced to look at the daily chart in a rather more downbeat fashion than we have become accustomed to.
I think it can be said quite safely that I have had plenty of practice in terms of charting penny stocks in the recent past. Of these few are of more interest that Leni Gas & Oil given the way that we are in the aftermath of a massive spike to the upside seen over the course of the October and November.
Old Park Lane has published a detailed by note on Leni Gas & Oil (LGO) suggesting that the shares are a clear buy at 1.05p with a 2.5p target price.
