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.
Small cap oil companies have taken a thrashing from the market since 2011. Many companies have seen their share prices slashed by 60 or 70% during the past 3 years. Investors have had a torrid time and many are capitulating and fleeing the market altogether. There is no hiding the fact that the retail investor favourites have been the hardest hit of all. Many of these investment have simply failed to live up to the promises of management.
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Comments
wildrides
Fogl has alot of cash …….. but they aint drilling owt till 2015
Yawn !
wildrides
P/s stupid me forgot to add ……… Great piece again Mr Evans !
Joe
2015 is only 9 months away, I think this guy knows what he is talking about. Riding the lessons from one cycle into the next cycle, is very clever indeed.
Never realized there was £1 billion all ready to go. How did they manage to do that?
wildrides
Read this guys past stuff on Gulf Keystone .
Very impressive journalism.