UK 18:54 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I start this podcast with a mention of my personal weekly podcats this week - The Orwellian BBC is not fit for purpose - you can catch it here. Then onto Wildes, LGO Energy (LGO), Sefton (SER) and the consequences of wage inflation and the abandonment of sound money.
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Comments
wildrides
My main point about LGO has got rather lost . The income from this years 7 wells was not in the interims as they had not been completed by then and LGO has 45 more wells permitted and ready to drill which will most likely all hit oil on past performance . Thus I say there is no drama …..yet. There is risk and at present it is tolerated . Things may get worse or they may get better . If oil goes back up then LGO will multi bag x 3 or x 4 . In the same situation BP or Shell B maybe will bag x 1 if your lucky . Its risk and reward granted . Your tips are very sound on BP and especially Shell B tho , and I concede that I may revert to that strategy if oil price worsens or prolongs at this level . Nice divi as well . No offence intended to Ben , who is a fine analyst ……….. just the usual joshing banter from me and I am sorry if he took it badly on this occasion .
Oakley for CEO of Sefton sounds excellent ……….. a name change to 3 lLegged Fat Cat Resources would be apt .