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MX Oil has good short term upside

By Gary Newman | Wednesday 19 August 2015


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


I mostly cover companies that I actually like based on the fundamentals, but there are times when it can pay to play the momentum. I think this will be the case with MX Oil (MXO) in the coming months, and despite not being overly keen on it long term, I do think we’ll see a decent rise from the current share price of around 2.67p.


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