Predator Oil & Gas shares drop 16% on AGM day

Impact · against what's priced in

Predator Oil & Gas faces significant headwinds as admitted balance sheet weaknesses and urgent funding needs increase the likelihood of dilutive financing. While geological results in Morocco and upcoming drilling in Trinidad provide some upside, they are outweighed by the company's reduced negotiating leverage in seeking a commercial partner.

GELN+0.70

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In context

The company has secured a co-funded proof-of-concept agreement with a top-five global automotive OEM to evaluate its nano-encapsulated sulfur cathode active material.

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• oil
• energy
• GELN
• PRD
• automotive
• battery metals
• ev technology
• funding
• gas
• morocco
• trinidad