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Parkmead - Son of Dana

December 2014

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:
  • 152p
Tom Cross, who runs Parkmead, an oil production and exploration company, is deeply old fashioned. That’s because unlike many of the new kids in the oil & gas sector, who spend vast amounts of money on feckless exploration in far flung, often war torn places where the outcome at the drill bit is binary, Cross chooses to focus on growing production in the political safety of Western Europe through a programme of low risk developments.This is the second time around the block for Cross, a former petroleum engineer and strategic oil analyst. The first time was as chief executive of Dana Petroleum, a business that he founded and subsequently propelled into the FTSE-250 before a hostile takeover by Korea National Oil Corporation ...

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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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