TD clients' attention wells up for Falkland Oil & Gas
Stuart Welch, CEO, TD Direct Investing comments: "Falkland Oil & Gas (FOGL) entered the TD Top Ten buys and sells tables this week at third and second places respectively, after the company announced it would abandon its Scotia well in the South Atlantic, which produced limited gas reserves. Falkland accounted for more than 14% of all client trades, with a buy:sell ratio of 1.06:1 this week. The share price hit an all-time low of 30.05p on Friday 30 November but closed the week ending Monday 3 December at 31.154p. Meanwhile Lloyds Banking Group plc (LLOY) topped both the buys and sells tables, accounting for almost 18% (17.8%) of all trades; and the FTSE 100 finished 84.52 points higher than the previous week, closing Monday at 5871.24.
"Thomas Cook Group plc (TCG) came into the sells this week in eighth position as the travel firm saw its share price fluctuate 3.85p over the week, after announcing its full year losses had widened to £485.3 million due to higher fuel costs and write-downs. The share price started the week at 24.12p on Tuesday 27 November 2012 and ended at 25.75p on Monday 3 December.
"New World Oil & Gas (NEW) entered both the top ten buys and sells this week, in sixth and ninth places respectively. The company last week reported positive results from drilling at its first Belize well at its Blue Creek project, causing shares to rise from 8.98p at opening on Tuesday 17 November to close at 10.75p on Monday 3 December, with a buy:sell ratio of 1:1.04."
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