Skip to content

Union Jack Oil: our deep dive on this onshore hydrocarbon play

*

The share price of Union Jack Oil [LSE: UJO], a UK-focused onshore hydrocarbon production, development and exploration company, is back down again despite encouraging news in January from its flagship assets, Wressle and West Newton in North Lincolnshire. The news pushed the price up 13% to 17.00p, before slipping back to 13.48p (as at 8 February), wiping out last month’s gains.

The UJO share price, barring a few surges, has been declining steadily for some time now, from the September 2014 peak of 87.30p, to last December hitting a 10-year low of 11.00p. Despite some quite positive news flow last year, which indicated that UJO was sitting on some very promising assets, it seems investors remain to be convinced. But, as veteran analyst Malcolm Graham Wood said in an interview with IG Group, UJO is one company whose value “the market has just failed to to get to grips with”.


Want the full story? Access all of The Armchair Trader's content for just £5.99 per month.

Get weekly investment ideas and tips that will take your investing to the next level. Sign up here.

Free 28 day trial. Cancel anytime.


Log In or Sign Up to Armchair Trader+

Already a member? Log in here:


Not a member yet? Sign up for your free trial or check out the benefits of membership.

Further content of this article is not available as it is for members only. Please visit the registration page for Armchair Trader Plus+ for further details on the benefits of becoming a member.

Looking for great investing ideas? Sign up to our free newsletter.

Join us on WhatsApp

This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

'How to' Guides

Our latest in-depth company reports

Detailed reviews of selected companies and investment trusts.

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

Aquis
CME Group
FP Markets
Pepperstone
TMX
WisdomTree
Back To Top