UK 10:48 Wednesday, 7 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 warn you that this podcast contains bad language from the start as I discuss how - as a customer - I hate BT (BT.A) with a passion. I then move onto China Norfolk Taihua (TAIH), a brief Jabba the Hutt section on Solo Oil (SOLO) and LGO Energy (LGO) and a look at SeaEnergy (SEA). Oil disasters dominate the fallers and in that vein I cover Petroceltic (PCI), MX Oil (MXO), Iofina (IOF), Magnolia Petroleum (MAGP), Bahamas Petroleum (BPC) and Range Resources (RRL). I also have a butchers at the fun and games at Altona (ANR).
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Comments
Daniel Victor
Quite a few oil companies have been surviving on production hedged at much higher prices.Bad news once those hedges run out,though.
Geoff
Just a suggestion :- I once had BT. For many years I have had NTL [now owned by Virgin Media] on cable. Always had amazingly prompt help from them. Once phoned them at 6pm. 9am next day their man came on time and fixed it. He also fixed another problem on a DVD player which was not really his job. Computer playing up and I just phone 150 and get help within a few minutes.
a1hooky
bt total shite as you say as for bahamas petrolium i had these for 2 years and they have been trying to get farm ins to the huge fields they have for about 3 years now!! pity jabba didnt own them actually as at least the price might have gone up!!
Eyeguy
Tom.
Have you checked how much the “engineers call out fee is?”
I expect another Bearcast when you do.
wildrides
Morning Whining Hyper Froth ,
Why dont you just change supplier …….. I moved to Talk Talk , who are not alot better . But then Talk Talk sacked me for being far too rural . Apparently my rural speeds were too slow and I was spoiling their speed stats that they use for advertising . Their solution was to farm me out to another company called Fleur who turned out to be rather good both on speeds and costs for an all in package .
By the way I am not a Loon ……. I am completely sane .
I see you comment on my favorite under dog LGO again . The assets are fine , the costs are lowered ( not taking salaries etc) Its the same problem as every other OIL producer ………. the oil price dear fellow . OIL PRICE . Has that gone in ? yep oil price . LGO at least has the cooperation of its bank ……it has not yet missed a repayment . You see banks are funny things . They want whats best for them . That means getting their capital and interest back in the long term . As you point out Oil assets are difficult to monitise anywhere in the world currently . The bank will thus try to recover its loan by extending terms as asset confiscation is unlikely to recover any more of its dues than extending the loan terms until better times prevail . Why dont you pick on someone your own size like BP or Shell B you bully . Dont be a bully , be a friend .