UK 19:37 Monday, 12 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.
Peter Levine, Chairman of President Energy (PPC), has a lot riding on the company’s success. After Tuesday’s purchase of another 250,000 shares, he now holds 19.38% of President’s stock. This is the second purchase by Mr Levine, at just over 30p, since the company’s deeply discounted placement in February. There is little doubt this fundraising did a lot of damage to sentiment toward’s President stock, but as the end of May approaches, and the company is due to spud the first of three exploration wells in Paraguay, will speculators be tempted to follow Mr Levine’s lead?
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Comments
wildrides
Chance of success 1in 5 …………………..
you would have to be bonkers at that price
Buy lemongas’s LGO instead .
Ben Turney
Indeed wild rides (though not about LGO, I fear!).
Normally I would be one of the first to point to the likely odds of failure, but Mr Levine’s buy on Tuesday has caught my attention. Perhaps I am just an unwitting puppet!
We will no doubt soon find out, but after my TRP piece yesterday, I must be in a gambling frame of mind this week
Striebs
If you want small-cap exposure to onshore South American E&P the choices are limited and this looks like a decent one .
A mediocre reservoir might be sub commercial offshore but recover it’s costs and then some onshore .