I am sure you are all aware that Leed have consistently been rising since they announced an increase in production.
Brewin Dolphin have a price target of 12p.
"The increase in group production from 958 boepd in Q3 to 2,065 boepd is a big positive and should go some way to increase operating cash flow and the borrowing base if these levels can be sustained and even improved upon," says Brewin Dolphin analyst Tracy Mackenzie.
The brokerage has a "buy" rating and a price target of 12 pence on the stock.
Well for a tiddler in the oil E+P game this increase is quite remarkable and i can now reveal that the whisper here is that this may very well increase yet again over the coming months. But remember this company are mired in debt. So dip in at your peril.
Certainly one stock to watch but not an investment.
News is due here.