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.
The cyclical nature of the natural resources sector means that the time to buy companies that are at the production stage, and are financially strong enough to weather lower revenues, is when the market has been in a bit of a down cycle but has been showing signs that commodity prices are near the bottom.
I’ve never been a fan of Bangladeshi coal miner, GCM Resources (GCM), so noticed that it suddenly seems to be popular again on various social media platforms, as often seems to occur every couple of years.
The share price of Johnson Matthey (JMAT) has been in the doldrums for some time now, and although it has improved a bit from the lows it saw around the release of its last set of financials, it is still suffering from the impact of low platinum group metal prices.
Arrow Exploration (AXL) has finally started to show some positive momentum following recent good updates, but still has plenty of potential to ultimately push the shares on even higher.