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UK Oil & Gas shares down by 20% after just 5% of death spiral drawn - slam dunk short

By Tom Winnifrith | Wednesday 22 November 2017


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.


There were those, such as our own Drunken Sailor, who argued that UK Oil & Gas (UKOG) could manage to absorb the rolling short of a £10 million death spiral announced last week quite easily and it would not hit the share price. The evidence with just 5% of the spiral drawn suggests otherwise and this makes the stock a slam dunk short.


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