UK 19:49 Thursday, 29 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.
FTSE 250 listed oil Production Company Soco (SIA) operates in some pretty exotic locations – its production is in Vietnam and its exploration assets are in the sort of African hell holes you’d send your mother-in-law on holiday to. But the financial footing of the company is rock solid as calendar 2012 results published on 11th march make clear. Among the mid-cap oil explorers this shines out by dint of its cash backing and cash generation. This is not something discounted in a 399p share price and the shares should be bought as part of a balanced portfolio of oil producers.
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