UK 14:36 Monday, 26 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.
The Olive harvest at the Greek hovel is finally underway and so it is a late BearCast. On the agenda: Beacon Hill, Radiant Growth (a Daniel Stewart special), Xplorer (a disgrace), Petroceltic, Rose Petroleum, Quindell (a fraud) and New World Oil & Gas (a total shocker).
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Comments
Elrico
Tom,
I don’t think you were, but I wouldn’t tar Rose Petroleum with the likes of Igas, Xplorer, et al. Yeah sure ROSE is in an unloved sector right now and we don’t really know how depressed oil prices will be in either time-scale or price.
Quick Bull case for ROSE
Cost of entry is negligible at just $50 per acre rather than the typical $2000 p/a (250,000 acres).
Independent estimates by Ryder Scott (these guys are no mugs as I’m sure you know).
Oil c1.48 billion barrels
Gas c 5 trillion cubic ft
Infrastructure already in place through its licensed area. So, roads, rail and pipelines are in place.
Break even is under $20 pbo for both Mancos and Paradox
Funding in place with early stage talks for further funding.
Spud of Mancos this month.
Possible production Q2 2015.
Gas prices are rising against oil.
Bear points
Shite unloved sector
Oil prices
Funding
AIM casino
All the stocks covered in your bearcast are valid reasons to stay away
To be clear and transparent – I have my 2014 ISA maxed out with ROSE so I’m looking beyond a quick turn of profit here. I do love to be a contrarian.