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Energean - War fears leave shares on incredible soon-to-be prospective PE of 2.7

December 2023

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:
  • ENOG
  • Price:
  • 897p
A famous stock market adage coined in 1810 by financier Nathan Rothschild is to “buy on the sound of cannons and sell on the sound of trumpets,”  the idea being to invest when a war breaks out and sell at its end. This strategy worked like a dream back in 2003 when the US invaded Iraq to stop Saddam Hussein’s infamously non-existent weapons of mass destruction but clearly didn’t work at the start of the Russian invasion of Ukraine. Now here we are again, this time with Israel preparing a massive ground war in Gaza following those earlier atrocities, but the big difference is that shares are already cheaper. Take Energean, for example, an energy producer that owns oil & gas interests in Egypt, Italy and Israel. Its shares have ...

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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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