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Tom Winnifrith bonus bearcast: you cannot make a silk purse from a sow's ear, the tale of UK onshore oil and Union Jack Oil

By Tom Winnifrith | Tuesday 12 November 2024


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 start with the general tale of UK onshore over the past 20 years before moving onto the specifics of Union Jack Oil (UJO) run by troughing David Bramhill. Suffice to say the sector is to be avoided but Union Jack is deep in the merde and a slam dunk sell even at just 10.25p.
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