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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Parkmead - Former Dana boss building another exciting oil e&p business

November 2018

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:
  • 56.5p
We don’t often write up on the smallest junior oil companies but the odds on them succeeding have significantly improved with oil prices breaking to a new high of US$85 / barrel amidst talk of a spike to US$100. During the upward curve analysts have to play catch-up by upgrading their “sum of the parts” calculations and profit forecasts while small fry oil firms are more likely to find willing deep pocketed partners to fund exploratory drilling.Recently our eye was caught by Parkmead, a relative minnow (market cap: £54.6m) with potentially substantial prospects in the North Sea. Its founder and CEO is Tom Cross, former CEO of Dana Petroleum, which TMI recommended at 259p in June ’04 and ultimately was ...

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The Parkmead Group - Former Dana boss brings new venture to cash flow inflection point (December 2022)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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