Predator Oil and Gas (PRD) seems to be another in a fairly long list of small companies which opted for a main market listing and has spent years, and lots of shareholder money, actually delivering very little.
It was only a matter of time before we saw some consolidation within the UK oil and gas sector via M&A activity, given the relative valuations that many North Sea producers have been trading at.
The share price of EasyJet (EZJ) tends to be quite volatile and buying towards the bottom of the typical trading range gives a good chance of a decent return, especially as we move into the part of the year when business should start to pick up.
With all that is going on in the world at the moment I think it makes sense to consider having some exposure to metals, and not just the ones which most seem to be paying close attention to – those being gold and silver.
These days I generally avoid the lower end of the AIM market but still keep an eye on what is going on there, and over the past year or so it has become very clear that many of these small companies are struggling more than ever to get funding.
I’ve been following Arrow Exploration (AXL) and its oil operations in Colombia for quite some time now, and whilst the business has made a lot of progress, that is yet to really be reflected in the share price.
Between 23 December and 2 January we are serving up 18 tips of the year: longs, shorts, blue chips, small caps, something for everyone. No 5 is a BUY from Gary Newman.
Between 23 December and 2 January we are serving up 18 tips of the year: longs, shorts, blue chips, small caps, something for everyone. No 4 is a BUY from Gary Newman.
Usually when there is a takeover bid we see significant movement in the share price of the company being taken over, but in the case of Tullow Oil (TLW) that hasn’t happened.
Johnson Mattey (JMAT) has performed badly in recent times and its share price has steadily been declining, but I still think that this company has potential.