Northern Petroleum (#NOP) – completes divestment of 25% of assets in Canada
- 2016-12-20 00:29:47
And there was I thinking that if AIM listed companies had bad news they had to issue an RNS? Well maybe Chris Cleverley has re-drafted the rule book because Northern Petroleum (NOP) seems in no rush to fess up to the impending collapse of its Argentine subsidiary.
Northern Petroleum (NOP) shares have slumped again today by 13% to 2.25p-3p. I fear it is going to get an awful lot worse with 0p a perfectly plausible target price. There are two problems.
Northern Petroleum (NOP) has today announced it has completed its Rainbow deal in Canada and hapless CEO little Keith Bush has insisted that cash is not an issue. The, heavily spun, statement skips critical details and the fact is that Northern will be out of cash a lot sooner than most folks think. This looks terminal.
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares in Infastrata, (INFA) Northern Petroleum (NOP) UK Oil & Gas (UKOG) and setting share price targets for all three stocks
Featuring Northern Petroleum (NOP), Reach4Entertainment (R4E), Sefton Resources (SER), Thor Mining (THR), Transense Technologies (TRT), Wishbone Gold (WSBN)
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at Allied Minds, Northern Petroleum and Plethora Solutions.
As a company director it is hard to admit that you are wrong. And thus good money is thrown after bad. That is what is happening at Northern Petroleum (NOP) and for shareholders to get anything back the board must be sacked now.
I have already explained in my Bearcast why Keith Bush, the CEO of AIM casino POS Northern Petroleum (NOP) should be taken out and strung up with piano wire for the contempt with which he has treated the owners of this company where he has been rewarded for abject failure. But today’s RNS requires further comment as it is a classic in omnishambles obfuscation.
A vicious Bearcast at the weekend appears to have forced Northern Petroleum (NOP) into issuing a profits (or lack of) warning but it is still not coming clean with its long suffering shareholders – why does this company regard transparency as a four letter word? The shares are off again today to 10.5p but remain a sell with an initial 5p target.









