Market's view on Parkmead
Published on April 2024
- Stock watcher notes that Deltic Energy is performing well, potentially benefiting those who invested following a recommendation.
- Positive feedback on Orcadian Energy’s presentation at an investors’ meeting, highlighting their partnership with Parkmead.
- Observations made on Parkmead’s partnerships with Arcadian Energy and Orcadian Energy, reflecting well on the company’s share price movement.
- Concerns raised about Parkmead for the lack of progress in 2024, potentially becoming ‘dead money’ without significant catalysts like gas price changes or successful asset sales.
- Skerryvore exploration is identified as crucial for Parkmead, with discussions about funding and the need for cleaning up loans to maintain company credibility.
- Financial state of Parkmead scrutinised, with focus on their cash reserves, debt levels, and the impact of their strategic decisions on shareholder value.
- Criticism directed at Parkmead for poor governance, particularly regarding a questionable loan to the CEO in relation to renewable energy projects.
- Speculation about possible government announcements impacting energy companies and discussions on the ongoing relevance of North Sea operations by major players like Equinor.
- Scepticism about Parkmead’s stock price increase without substantive company news, suggesting manipulation or unfounded optimism in market discussions.