Anyone who has been investing or trading smaller market cap shares for any length of time will have noticed the demise of the AIM market, with liquidity flowing out; companies going bust and/or delisting; and even the pump and dumps getting fewer, further between, and with less impact when they do happen.
Whilst I know the mere mention of operating in Nigeria is enough to send some investors running for the hills, if you can look past that then it is easy to see the potential for Seplat Energy (SEPL) to perform well in the coming years.
With the Budget coming up next week and it being anyways guess what nasty surprises the government might include for business and the economy I wouldn’t be in. any rush to buy shares until after that.
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.