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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Falkland Oil & Gas - New oil prospector in Faulklands

November 2004

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:
  • FKL
A tell tale sign that we are entering the latter stages of this great oil bull run is the switch in investor interest to highly speculative early stage ventures, which have a lump of cash, fantastic dreams and little else. Falkland Oil and Gas (market cap:£46m), a recent spin-out from Falkland Island Holdings, 520p, fits this description to a tee.  After floating on AIM at 40p on 14 October,its shares surged to a 20% opening day premium, with the open offer element being 3.5 times oversubscribed. It raised a total of £11m afterexpenses, but clearly could have raised a lot more, with investors mesmerised at its estimates for possible oil generation of up to 1000 billion barrels oil. The principal assets of Falkland O ...

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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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