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Ascent Resources becomes Descent Resources: The James “Dracula” Parsons kiss of death

By Tom Winnifrith | Monday 22 March 2021

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.

With James Parsons as Executive chairman you know: A) He will make a lot of money, b) He will ramp the shares, c) It will end in tears. It does not matter what the company is, with Dracula at the helm nothing changes. And so on Friday at no-one is watching O’Clock, 4.56 PM, there was news from Slovenia where Ascent’s attempts to deliver a gas project have, it claims, been stymied by the Goverrnment. Oh dear, news at that time is never good.

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