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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Venture Production - Lowball production target should be thrashed

March 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:
  • VPC
  • Price:
  • 605p
Shares in Venture Production surged to a new high of 635p following a confident trading update which disclosed that average production for 2005 was 29,864 barrels of oil equivalent per day (boepd), but crucially its average production in December had soared to over 50,000 boepd. Since then, Venture has released production guidance for 2006 of 40,000-42,000 boepd which, in our opinion, is a deliberate lowball figure designed to virtually guarantee that it will beat its own targets. This guidance was released as part of a very comprehensive presentation to analysts, copies of which can be downloaded from its website (www.vpc.co.uk). The highlight is Venture’s bold aim to broadly double in size by 2008/9 and it believes it cou ...

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Venture Production (August 2006)
Venture Production - Production ahead of guidance (June 2006)
Venture Production - Oil & gas production hits 50,000 barrels per day (February 2006)
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Venture Production - Step increase in oil & gas production should see earnings rocket (August 2005)
Venture Production - Another oil producer seeing huge growth (May 2005)

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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