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.
Has the oil market genuinely bottomed? This is the crucial question facing investors in the oil & gas sector, this summer. The Saudi-led price war on the United States’ “Fracking Boom” has been most disruptive. The collapse in the price of oil has played havoc across the industry. Globally, billions of dollars worth of projects and planned capital expenditure have been shelved or pulled entirely. Sentiment has been badly affected and worries persist about the long-term structural challenges still facing oil & gas companies. This is especially true for those listed on AIM, but if I had to pick one from the bunch my choice would be Bowleven (BLVN).
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
wildrides
Its gonna be a duster …………. it must be cos Oily Chris is ramping it . Are you two in concert ?