The Kurdistan based oil producers have largely been kept in limbo in terms of when international oil exports might begin again, as well as what will ultimately happen going forwards in terms of contracts with the government.
Helium One Global (HE1) is one of those companies that seemingly couldn’t do a better job of shooting itself in the foot, if it was actually trying to!
When it comes to obtaining exposure to gold prices via London listed miners that produce decent amounts of the metal, there aren’t loads of choices, but one which I think often gets overlooked is Resolute Mining (RSG).
The market has gone crazy over news that Pennpetro Energy (PPP) has signed a heads of terms agreement with Globalvision International which will see it acquiring all of the shares in Pennpetro subsidiary Texas Nobel USA, and that has caused the share price to rise by almost 2,000% in just a few weeks.
Yellow Cake (YCA) has seen a significant pullback in the price of its shares recently, but rather than seeing that as a cause for concern, I would view it as a buying opportunity.
I’ve been a fan of Arrow Exploration (AXL) for a while now, to the extent that it was my buy pick in the ShareProphets readers competition for 2024, and I’ve been very happy with the progress that this oil company has been making.
In the past I’ve generally been pretty bullish on Serica Energy (SQZ), but that changed with the Tailwind Energy acquisition deal which I was far from being a fan of, and since then the share price has slid backwards fairly dramatically.
Some investors are very wary of anything to do with Nigeria, especially when it comes to oil and gas, but Seplat (SEPL) has been operating successfully there for a long time and the company looks like it will continue to grow at the impressive rate we’ve seen so far.
Plenty has happened since I last covered Angolan oil producer Afentra (AET), and not only has the company made some great progress, but the share price has been reflecting that.