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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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The Parkmead Group - Former Dana boss brings new venture to cash flow inflection point

December 2022

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:
  • PMG
  • Price:
  • 60p
During the mid 2000s  many exploration & production (E&P) shares soared on the back of the incredible rise in oil from US$20 / barrel to over US$110. Old timers might recall Dana Petroleum (written up in TMI at 259p in June ’04 and ultimately stopped-lossed out at a massive 1045p in March ’07, generating a four-fold gain), was one of several successful energy recommendations of that era. Its founder was former petroleum engineer and entrepreneur Tom Cross, who had, over 16 years, amassed proven and probable reserves (2P) of 223 million barrels through multiple acquisitions after starting out in Western Siberia and was producing from 36 fields across nine countries by the time it was acquired by South Korean state-owned company, K ...

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Parkmead - Former Dana boss building another exciting oil e&p business (November 2018)

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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