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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

EnCore Oil - New oil & gas issue has impeccable management pedigree

April 2006

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • EO.
  • Price:
  • 31p
The most remarkable thing about new AIM issue EnCore Oil, an early stage developer and explorer of oil & gas fields in the North Sea, is that it has attracted a management team who have delivered huge gains for shareholders of their previous ventures. So it was hardly surprising that after being introduced to AIM on 3 March by KBC Peel Hunt in a placing at 15.6p, the shares now stand 100% higher, leaving its market value at £64m. Rarely have we seen such euphoria at the opening bell and the excitement clearly comes from the hope that EnCore’s management can repeat their past successes. EnCore’s chief executive, Alan Booth and chief financial officer, Eugene Whyms, were previously managing director and financ ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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