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Gulfsands Petroleum – Still a sell

Tom Winnifrith
Saturday 1 March 2014

Earlier this week my colleague Gary Newman argued HERE that shares in Gulfsands Petroleum (GPX) might be worth a punt on the basis that it could jump if matters in Syria were resolved. Having called this as a sell at 111p HERE and again at 43p on January 10th HERE I disagree. Here’s why. 

First up is the cash position. It is dire. I noted on January 10

on Shareprophets | Comments
About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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